Salozza Developments Pty Ltd

16 Troughton Road, Sunnybank QLD 4109

Borrower: Salozza Developments Pty Ltd
GPS Invest loan amount: $4,134,200
Maturity Date: 23 November 2020
LVR: 69.54% on completion
Return: 8.25% p.a. payable monthly in arrears

The approved development will comprise of 16 units within a five-level building plus a small communal roof garden / terrace. The ground floor will comprise of car parking, twenty in total with two allocated for visitors. A passenger lift will access all levels. All of the units will have covered balconies.

2 unit/s sold.
Construction is 24.48% complete.
24.48 Complete

Recent updates

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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...