Residential Real Estate Construction Business Seeking Loan in Medellín, Colombia
Company established with the purpose of promoting and building urban social housing in Colombia.
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Other |
| Reported Sales | USD 2.4 million |
| Run Rate Sales | USD 7.2 million |
| EBITDA Margin | 20 % |
| Industries | Residential Real Estate Construction |
| Locations | Medellín |
| Local Time | 11:08 AM America / Bogota |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
1.6 million
for
9.5%
annual interest,
2
years
(Native Currency: USD 1,550,000)
Reason: The projects are 100% sold. The money intended for the payment of the homes is by two groups of paym...
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Collateral Available: USD 8.4 million
Includes physical assets worth
USD
737 thousand
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Business Overview
We build social housing that big companies do not like, and little companies can't construct because they do not have enough working capital. We are in this market because of the huge demand from buyers.
We are seeking funds for a project that has 368 units, and we plan to construct and deliver them within the next 18-20 months.
The units are already paid for (35% of the payment is by owners and 65% by the government). However, the funds stay in an escrow account until the delivery of the homes.
In the past, we have worked on four housing projects along with other companies but this will be the first project solely built by us. We hire contract workers on a project basis for construction activities.
We are seeking funds for a project that has 368 units, and we plan to construct and deliver them within the next 18-20 months.
The units are already paid for (35% of the payment is by owners and 65% by the government). However, the funds stay in an escrow account until the delivery of the homes.
In the past, we have worked on four housing projects along with other companies but this will be the first project solely built by us. We hire contract workers on a project basis for construction activities.
Products & Services Overview
We build urban social housing in the municipalities of Colombia, especially in Antioquia near to Medellin city.
Assets Overview
Tangible assets - Sand, gravel, stones, cement, iron, bricks, water, labor, and vehicles for the transport of materials are worth USD 737,000.Intangible assets - Studies, project designs, and audit reports.
Facilities Overview
Our leased head office is located in the southern part of Medellin city.
Capitalization Overview
We have financed with our own money until now.We have no outstanding loans yet.
The company has 4 shareholders in a 30%, 30%, 30%, and 10% shareholding split.
Tags:
Residential Real Estate Construction Business Seeking Loan in Medellín, Colombia
·Lend to Residential Real Estate Construction Business in Medellín, Colombia
·Civil Construction Business Seeking Loan in Medellín, Colombia
·Residential Real Estate Construction Business Seeking Loan
·Lend to Civil Construction Business in Medellín, Colombia
·Home Builder Business Seeking Loan in Medellín, Colombia
·Lend to Residential Real Estate Construction Business
·Lend to Home Builder Business in Medellín, Colombia
·Civil Construction Business Seeking Loan
·Lend to Civil Construction Business
·Home Builder Business Seeking Loan
·Lend to Home Builder Business
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