Provincial Building Pty Ltd

21 Hawthorne Street, Enoggera QLD 4051

Borrower: Provincial Building Pty Ltd
GPS Invest loan amount: $1,789,400
Maturity Date: 25 August 2020
LVR: 68.69% on completion
Return: 8.25% p.a. payable monthly in arrears

This project consists of the construction of five townhouses, each over three levels with three bedrooms and two bathrooms (one an en-suite). The townhouses will be completed to a good standard in line with the completed townhouses in previous stages.

The project site is approx. 7km to the north-west of the Brisbane CBD. The Enoggera train station is approx. 300m from the property and the suburb is well serviced by a variety of retail and commercial services nearby, including the newly established precinct at Alderley which contains a large Coles supermarket.

Construction is 32.27% complete.
32.27 Complete

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When the funding dries up

I continue to see too many instances where funding for a...

Builder cashflows are suffering

Following several conversations with builders GPS has commenced a program to...