The 2023 year has started so, so have we.
Our full lending team has been back in the office since Jan 3rd working with borrowers to keep projects moving, preparing for the new projects settling and the ones yet to come on board.
This year the GPS group is celebrating its 30th birthday! For 30 years, Richard and the GPS team have been providing private funding for townhouse and unit developments in South East QLD. It has become a niche that we stand by. With 20-35 projects on the go at any one time, we constantly have our finger on the pulse of the South East QLD property market. For our borrowers, this means that we are well prepared and have a good understanding of any issues that may arise due to the location (ahem rain) that sees other lenders confused or quick to penalise. We also have the knowledge of the area, councils, and local connections to help you get from financing to completion with as much support as you need.
2023 is shaping up to be an interesting year. Inflation, interest rate rises, and the builder/trade shortage are producing continued uncertainty that we will all have to navigate. To ensure that GPS is around for the next 30 years, we will adjust to the coming changes with caution and take care of our builders and borrowers. These fluctuations in the industry are not new to us, we saw (and survived) the GFC through building working relationships with our borrowers and investors, and being conservative when storm clouds were on the horizon.
As the banks continue to tighten their belts, GPS will remain open to lending opportunities, but our ability to fund new projects is limited. If you want your project funded by a Private Lender that is flexible, experienced and has a unique niche in the South East Queensland market, now is the time to give us a call.
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