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Newly Established Serviced Apartment Seeking Loan in Singapore

Singapore-based company that provides co-living spaces seeks funds to expand and add co-living units.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees < 2
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales USD 80 thousand
EBITDA Margin 40 %
Industries Serviced Apartments
Locations Singapore
Local Time 3:27 AM Asia / Singapore
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 15 thousand for 24.0% annual interest, 1 year (Native Currency: SGD 20,000)
Reason: The interest will be paid in the form of monthly dividends of approx. SGD 400 and the principal amou... View More
Collateral Available: USD 0
Includes physical assets worth USD 60 thousand
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Business Overview

- Company provides co-living spaces.

- The co-living business model involves taking on long-term leases from landlords, redesigning the interior apartments stylishly, before marketing them as a brand to tenants.

- In addition to expatriates, some locals are also increasingly opting for co-living to escape being stuck at home with family.

- We conduct most of our business face-to-face with homeowners and tenants.

- Have 15 units each with multiple rooms. Almost all the properties are filled with tenants.

- The owner leverages their network of real estate agents to find suitable homeowners and tenants.

- Due to Covid-19, many businesses are cutting back on operations, or mothballing their growth plans, however, expansion strategies in co-living companies are largely on track.

Products & Services Overview

We currently have 15 co-living units rented out to tenants. Our properties range from condominiums, bungalows, and shophouses.

Co-living is a modern form of communal living in which residents get a private bedroom in a furnished home with shared common areas. Co-living is one of the best and most direct means to achieve optimal density, affordable housing, and an urban community.

Assets Overview

Physical assets include the interiors and furniture in our condominiums, landed bungalows, shophouses, and our office.

Facilities Overview

We have a rented office located at Beach Road.

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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