Wickham Hill Pty Ltd

Borrower: Wickham Hill Pty Ltd
GPS Invest loan amount: $3,796,200
Maturity Date: 18 November 2024
LVR: 66.60%

Acquisition of an income producing asset in the form of a older set of flats, with future development potential for a respected repeat GPS builder/developer. This is not a typical GPS type loan. GPS has always worked to support its repeat borrowers, and there is lots of potential in the Spring Hill area given the Brisbane Olympics and upgrade of Victoria Park. By creating a longer term, we saw it as an opportunity to offer the GPS investors an opportunity for a longer-term investment secured by a strong, income producing site.