Given everything that has occurred in the industry recently, it seemed like an appropriate time to review the strategic plan of GPS.
While a lot was considered, the Board of GPS could not see any reason to deviate too far from the business model which has worked so well for us for so many years. It remains a matter of looking after our borrowers and investors. With some tight management, the rest should look after itself.
That means that the strategic plan moving forward, is to keep making sure that GPS does what it does best in order to provide unparalleled client-focused service.
GPS is, and always has been, a private lender that focusses on residential unit and townhouse developments in Southeast Queensland. It is an area, and market, that we have been working in since inception over 25 years ago, giving us the upper hand when dealing with projects in this zone.
At any one time we have 20-30 projects being funded in Southeast QLD. This results in our lending team always having their finger on the pulse and knowing exactly what is happening in the market. You will find this always works to your advantage, as we will believe you when you say there is too much rain for work to happen, or that you’ve given the team the day off to celebrate a State of Origin win. The niche area in which GPS operates means that our Portfolio Managers are never more than 2hrs away if you need them. Whether there is an issue, or you just want to show off all your hard work, they are part of your development team and are ready to be involved.
The other main strategic focus is that GPS has the capacity to fund loans up to and around $20M! As the market has gotten larger, so have we, so gone are the days of GPS only being able to help you with smaller projects. We have a lending team with experience in larger loans, so don’t hesitate in chatting to us about your latest project no matter its size!
With over 25 years of successful lending, GPS always prides itself on our ability to power through whatever the changing marketing throws our way. Between COVID, building supply shortages, or rising interest rates we have all certainly seen some new challenges, but with our experienced hand and your desire to keep moving, we can work together to come out the other side.
Richard Woodhead
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