FAQ

GPS funds loans starting at $5 million. Unfortunately we do not do loans for less than $5M

Unfortunately, GPS do not fund land subdivisions. Historically our investors have shown no interest in land subdivisions as an investment product.

GPS are not preoccupied with a project requiring pre-sales. We are more interested in seeing a well formed marketing strategy to demonstrate the product’s saleability.

The guarantees required depend on the structure of the borrowing entity. Generally, guarantees may be sought from any party with a financial interest in the project (i.e. directors, shareholders, unit holders etc.)

GPS is a first mortgage lender and does not provide mezzanine finance. We typically fund up to 64.99% of the GRV (excl. of GST), or up to 69.99% for well-performing, repeat borrowers.

If required for your project, we have a panel of mezzanine funders we can work with to create a deal that works for you.

All loans are secured by a registered first mortgage over the property, a General Security Agreement and guarantees as appropriate. GPS requires a first ranking mortgage over the subject site and registration of a PPSR interest over the borrower’s assets.

Yes! Interest and line fees are capitalised within the loan. This allows borrowers to free up their project cashflow. Subsequently, when lots are sold, we use the proceeds to pay down the construction facility leaving the final lots for the developer’s profit.

We do not charge early repayment fees (provided the loan term exceeds six months).

GPS requires an initial feasibility and development plans. A valuation and/or a quantity surveyor report is also useful.