Residential Real Estate Construction Business Seeking Loan in Medellín, Colombia
|Employees||10 - 50|
|Reported Sales||USD 2.4 million|
|Run Rate Sales||USD 7.2 million|
|EBITDA Margin||20 %|
|Industries||Residential Real Estate Construction|
|Local Time||5:20 AM America / Bogota|
|Listed By||Business Owner / Director|
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 build urban social housing in the municipalities of Colombia, especially in Antioquia near to Medellin city.
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.
Our leased head office is located in the southern part of Medellin city.
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.