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Residential Real Estate Construction Company Seeking Loan in Grand Baie, Mauritius

Business constructing luxury villas seeking a loan for ongoing projects involving 22 contracts in progress.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Residential Real Estate Construction
Locations  Grand Baie
Local Time 7:56 PM Indian / Mauritius
Listed By Management Member
Status Active
Overall Rating
Seeking Loan
USD 8 million for 8.0% annual interest, 5 years (Native Currency: USD 8,000,000)
Reason: The business requires a loan to complete and finalize the luxury villas, with funds allocated for co... View More
Collateral Available: USD 2.5 million
Includes physical assets worth USD 3 million
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Business Overview
- The business specializes in constructing luxury villas customized according to clients' preferences.
- Clients are required to provide a 15% deposit under the VEFA concept (Vente en l'État Futur d'Achèvement).
- The business has over 10 years of experience in the industry.
- It emphasizes eco-friendly villas located near the seaside, catering primarily to European buyers.
- Currently, the business has almost completed the construction of 4 villas and has contracted from 22 clients awaiting villa construction.
- Additional funding is required to meet the demands of ongoing and future projects.
- All necessary approvals for business operations are secured.
Products & Services Overview
The business constructs and sells luxury villas tailored to clients' preferences, primarily catering to European buyers.
Assets Overview
The physical assets include 3 acres of land valued at USD 2 million, along with PCs necessary for the business operations, with the land to be provided as collateral.
Facilities Overview
Currently, there are 4 completed villas situated on a 3-acre owned property, with each villa comprising a ground and a floor with a built-up area of 200 sq. m each.
Capitalization Overview
The business is self-funded with no prior loans/debts and has two partners.
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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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