Newly Established Residential Real Estate Construction Company Seeking Loan in Abuja, Nigeria
Luxury real estate development business with 8 completed projects seeking loan for ongoing projects.
Premium Plan
| Established | 0-1 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | USD 1.3 million |
| Run Rate Sales | USD 1.3 million |
| EBITDA Margin | 40 % |
| Industries | Residential Real Estate Construction |
| Locations | Abuja |
| Local Time | 3:40 PM Africa / Lagos |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
3 million
for
18.0%
annual interest,
4
years
(Native Currency: USD 3,000,000)
Reason: Seeking a loan to expand the company's real estate portfolio and complete ongoing projects.
Collateral Available: USD 1.8 million
Includes physical assets worth
USD
72 million
Interested to connect with advisors
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Business Name
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Documents
Business Overview
- The business focuses on luxury residential real estate development and property management.
- Within a year of inception, the company achieved sales exceeding USD 1.3 million, indicating rapid growth.
- The business acquired clients through diverse marketing channels such as online influencer marketing, pay-per-click ads, banner advertisements at construction sites and traditional methods.
- The business has completed and sold 8 units of residential projects.
- The houses constructed by the business occupy an area of around 4,000 sq ft.
- Apart from the 8 permanent employees, the business employs around 120 workers on contract and wage-based terms, depending on the construction work.
- Customer retention is bolstered by the company's commitment to innovative, elegant, and modern structures.
- The promoter boasts 16 years of experience in the construction industry, contributing to the company's success and growth.
- The increase in sales from ongoing projects will boost profits sufficiently to cover the loan interest.
- The business holds a registration certificate.
- Within a year of inception, the company achieved sales exceeding USD 1.3 million, indicating rapid growth.
- The business acquired clients through diverse marketing channels such as online influencer marketing, pay-per-click ads, banner advertisements at construction sites and traditional methods.
- The business has completed and sold 8 units of residential projects.
- The houses constructed by the business occupy an area of around 4,000 sq ft.
- Apart from the 8 permanent employees, the business employs around 120 workers on contract and wage-based terms, depending on the construction work.
- Customer retention is bolstered by the company's commitment to innovative, elegant, and modern structures.
- The promoter boasts 16 years of experience in the construction industry, contributing to the company's success and growth.
- The increase in sales from ongoing projects will boost profits sufficiently to cover the loan interest.
- The business holds a registration certificate.
Products & Services Overview
The business specializes in constructing semi-furnished luxury residential houses for its customers.
Assets Overview
The physical assets include plots of land totaling 12,000 sq m valued at approximately USD 72 million, along with a warehouse, two Hyundai office cars for marketing, office furniture, an inverter system, and computers valued at USD 30 thousand.
Facilities Overview
The office is located on the 5th floor of a 6-floor building, occupying a 1,100 sq ft area with an annual rent of USD 4,000.
Capitalization Overview
- The business is exclusively funded by the cash flow generated from ongoing project sales (properties), with no outstanding loans or debts.- It operates as a sole proprietor.
Recent Activity
-
Earlier than 15 daysBusiness Consultant & Advisor, Trading, Jakarta, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Insurance And Finance Advisory, Ede, Individual Investor / Buyer connected with the Business
Tags:
Newly Established Residential Real Estate Construction Company Seeking Loan in Abuja, Nigeria
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