Union Share Pty Ltd (Stage 2)

4A – 8 Hansford Road, Coombabah QLD 4216

Borrower: Union Share Pty Ltd (Stage 2)
GPS Invest loan amount: $5,523,400
Maturity Date: 3 June 2020
LVR: Will not exceed 65.00% on completion
Return: 8.25% p.a. payable monthly in arrears

The project consists of the construction of twenty residential townhouses, being the second of a three-staged development. Each townhouse includes a tiled patio, master walk in robe and ensuite, built in robes in the remaining bedrooms, timber look floors, full height tiling to the bathrooms and 2.7 metre ceilings throughout, which is intended to appeal to the owner occupier market.

3 unit/s sold.
Construction is 61.21% complete.
61.21 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...