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Residential Real Estate Construction Business Seeking Loan in Primošten, Croatia

Real estate company planning to build luxury sustainable apartments, seeking funds to buy the land.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Residential Real Estate Construction
Locations  Primošten
Local Time 12:37 AM Europe / Amsterdam
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 520 thousand for 10.0% annual interest, 4 years (Native Currency: EUR 500,000)
Reason: Purchase building plot for the project.
Collateral Available: USD 520 thousand
Includes physical assets worth USD 15.7 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview
- Real estate construction company incorporated in 2018.
- Have done a small renovation project in the past.
- Our new project consists of the construction of 3 luxury apartment blocks with 21 apartments.
- Obtaining government approvals would take around 3 to 4 months and post that the project would be completed in a year's time.
- Director of the company has over 10 years of experience as a construction businessman.
- This location has around 48 islands which makes it a compelling option to buy it as a second home for tourists.
- Each apartment is expected to be sold for € 2.500 to € 3.000 per m2 after project completion.
Products & Services Overview
- Design and development of luxurious real estate.
- Sales real estate.
- Sustainable construction.
- Property management.
Facilities Overview
Currently we are operating from home and the proposed project consists of construction of 3 luxury apartment blocks with 21 apartments.
Capitalization Overview
Not Disclosed
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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