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Newly Established Residential Real Estate Construction Company Seeking Loan in Conway, USA

Residential construction project in South Carolina building 32 homes seeking $15M. 49% profit to investor.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees < 2
Legal Entity Limited Liability Company (LLC)
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Residential Real Estate Construction
Locations  Conway
Local Time 4:12 AM US / Eastern
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 15 million for 5.0% annual interest, 3 years (Native Currency: USD 15,000,000)
Reason: Seeking funding for the construction of a residential subdivision - 30 to 32 homes. The loan will b... View More
Collateral Available: USD 0
Includes physical assets worth USD 950 thousand
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Business Overview
- Proposed development of a prestigious subdivision over 17.4 acres in Conway, aimed at creating a high-end gated community.
- Plans for the construction of up to 30 homes on half-acre lots, enhancing local residential options.
- A central community clubhouse, which will be converted from a 4,000 sq ft house, will serve as the heart of the community, promoting social interaction among residents.
- Integration of a scenic pond into the community design will add natural beauty and recreational opportunities.
- Seeking a total investment of $15 million, with projected returns over a 3 year period. Business will generate revenue through the sale of the homes.
- Estimated profits from the project range between $4 million and $5 million, offering attractive financial incentives for investors.
- Commitment to employ a minimum of 10 individuals during construction, potentially qualifying the project for the EB5 USA green card program.
- Promoter boasts over 15 years of experience in real estate industry, ensuring seasoned leadership throughout the project.
Products & Services Overview
Will offer a high-end gated community featuring 32 high quality homes on half-acre lots, a central community clubhouse, and a scenic pond.
Target clients/end users: High quality homebuyers seeking residences in a gated community in Conway.
Assets Overview
Physical assets include the value of land and property owned for the project.
Facilities Overview
The location is a 17.4 acre property located in South Carolina, 35 mins to the shores of Myrtle Beach.
Capitalization Overview
Self-funded.
$440k mortgage.
There is 1 owner, holding 100% shares in the business.
Recent Activity
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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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