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Profitable Mechanical Services Company Seeking Loan in New York, United States

Commercial construction company seeks loan to purchase an off-market iconic distressed hotel in New York.

Established 5-10 year(s)
Employees 5 - 10
Legal Entity C Corporation
Reported Sales USD 105 thousand
Run Rate Sales USD 120 thousand
EBITDA Margin 36 %
Industries Real Estate Construction + 1 more
Locations  New York
Local Time 3:47 AM America / Chicago
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 2 million for 8.0% annual interest, 10 years (Native Currency: USD 2,000,000)
Reason: - To acquire an iconic distressed hotel. - We already have a similar loan structure from a bank. He... View More
Collateral Available: USD 0
Includes physical assets worth USD 5 thousand
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Business Overview

- Construction and mechanical engineering company operated by an experienced promoter.

- Last year we completed 3 commercial projects.

- We have 2 projects in the pipeline for this year.

- In the process to acquire land to start hydro, solar, wind energy projects.

- Seeking this fund to purchase a hotel in New York.

- Hotel has a 2,000 sq ft building with 20 employees. It generates USD 1.2 mill annual revenue on average.

Products & Services Overview

Construction and mechanical contractor provider. Services include machinery installation, mechanical engineering, HVAC, construction & development, renewable energy services.

Assets Overview

All our machines and equipment are rented or leased based on the project so we do not have significant assets.

Facilities Overview

Using our home as an office at the moment.

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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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