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Newly Established Residential Real Estate Construction Business Seeking Loan in Bangalore, India

Startup real estate company looking to raise corporate debt by offering upto 3x collateral security.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees < 2
Legal Entity Other
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Residential Real Estate Construction
Locations  Bangalore
Local Time 3:37 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 4 million for 18.0% annual interest, 3 years (Native Currency: INR 300,000,000)
Reason: Require debt funding to purchase the property / under-construction project. The property will be reg... View More
Collateral Available: USD 4 million
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Business Overview

- Seeking funds to acquire a brownfield real estate project which is an under-construction residential apartment project with approval/sanction to construct 424 apartments.

- We will register a new SPV (Special Purpose Vehicle) to raise funds and acquire the property under it.

- The target under-construction project is on a land of 5 acres and only 10-15% of construction work has been completed by the existing builder.

- The existing builder is not able to complete the project due to shortage of capital and hence we plan to takeover the project. We have already made an agreement with the existing builder.

- After acquiring the target project, we will finish the construction work through a third party contractor and then sell the apartments in the market.

- The target project has the approval to construct a total of 424 apartments of 2 BHK and 3 BHK dimensions.

- Location advantage: The target property is located in an uprising market with many on-going residential and commercial constructions nearby.

- Promoters have more than 2 decades of experience in the real estate industry. They have partnered in many prominent real estate projects across Bangalore. They also operate co-living facilities.

Products & Services Overview

Under-construction apartment project with approval/sanction to construct a total of 424 apartments.

Assets Overview

We do not own any physical assets at the moment.

Facilities Overview

We do not own/rent any facility at the moment. The total land area of the target project is 5 acres. Total construction & saleable area is 11.8 acres (5,15,677 sq ft).

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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