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Newly Established Residential Real Estate Construction Company Seeking Loan in Tbilisi, Georgia

Company seeks secured loan to develop first unique 60-hectare IT - City in Tbilisi.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees 5 - 10
Legal Entity Limited Liability Company (LLC)
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Residential Real Estate Construction
Locations  Tbilisi
Local Time 6:32 AM Europe / Istanbul
Listed By Management Member
Status Active
Overall Rating
Seeking Loan
USD 19.7 million for 30.0% annual interest, 3 years (Native Currency: GEL 53,800,000)
Reason: Funds are required to start construction. We have already acquired the land and have a detailed plan... View More
Collateral Available: USD 19.7 million
Includes physical assets worth USD 19.7 million
Interested to connect with advisors
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Business Overview
- Company will develop an IT City in a 60-hectare area which will include luxury residential complexes, well-designed public spaces, office spaces, and recreational entertainment areas.
- Strategically chosen location for development (30 mins from Freedom Square Center), the highest quality, and a unique project are our main advantages over our competitors.
- 55% of the constructed area will be 4-story buildings with apartments ranging from 60 to 100 sqm (total 3,000+ apartments)
- 41.5% will be townhouses and the rest will be villas.
- Approval for construction on this site has already been obtained.
- Based on market research, the cost of land and housing is steadily growing by 10% and the market is characterized as highly active, as 65% of the projects are sold in the first two years from the start of construction.
- The owner has over 17 years of experience in this industry and the management team includes experienced members who have implemented similar projects as top managers and department heads.
- We also have one smaller-scale project in Italy, but this is our primary project and our operations will be based out of Tbilisi.
Products & Services Overview
We will offer our clients luxury residential complexes with all amenities and infrastructure.
This will include:
- 4-story buildings with apartments ranging from 60 to 100 sqm (3,415 apartments)
- 600 townhouses (300 sqm each)
- 48 villas (400 sqm each)
Assets Overview
Our tangible assets are land for construction worth $20 million.
Facilities Overview
Owned land of 60 hectares 30 mins from Freedom Square Center. We will carefully design areas with a large number of services for residents, modern architecture, and beautiful views.
Capitalization Overview
Funded by the directors. There are no debts, problems with documents, or litigations.
The company has 2 owners with 50/50 ownership.
Recent Activity
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1 Investor contacted this Business this month. Register below to connect now!
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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