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Newly Established Residential Real Estate Construction Company Seeking Loan in Porto, Portugal

Seeks loan: Project of residential real estate company that will have 18 apartment units.
This transaction has concluded.

Established 0-1 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Residential Real Estate Construction
Locations  Porto
Local Time 5:28 PM Europe / Lisbon
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 290 thousand for 14.0% annual interest, 1 year (Native Currency: EUR 260,000)
Reason: The investment is required to complete one of our residential projects in Porto, Portugal.
Collateral Available: USD 1.36 million
Includes physical assets worth USD 1.36 million
Interested to connect with advisors
Documents
Business Overview
About the business:
- More than 66,000 investors have invested in our various projects, and 700 projects have been completed in the last 9 years.
- EUR 120 million in funding has been raised by the business and the historical average interest rate is 9.2% per year.
About the project:
- The construction of the project is already taking place and it will be completed in the next year.
- The cost of an apartment unit depends on its size, on average a sqm of an apartment costs EUR 1,860.
- We have 18 apartment units that will be constructed on 1k sqm of land.
- 12 apartments have been pre-booked and 3 apartments have been reserved.
- Projecting sales of EUR 3m from this project.
Products & Services Overview
The project offers 18 apartments out of which 12 are sold and 3 are reserved.
Assets Overview
Land of 1k sqm owned by the business which amounts to EUR 515k.
The constructed value will come to EUR 695k.
Facilities Overview
The project includes 18 apartments that are being built on the land of 1k sqm which is owned by the business in Porto, Portugal.
Capitalization Overview
The business is funded by multiple means, 60% in equity, 22% in crowdfunding, and the rest 18% in presales through down payments.
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
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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