Residential Real Estate Construction Company Seeking Loan in Vilnius, Lithuania

- Real estate project in Vilnius by a real estate company that specialized in timber, steel, and concrete frame construction.

- The project is spread over 100 hectares of land.

- Work has commenced and 20% of the work has been completed.

- The project will consist of 550 houses, out of which 80 houses have been constructed.

- The company that has conceptualized this project has only 3 management members. Other functions like project marketing, sales, design, and construction are sub-contracted.

- Sales figures mentioned are pre-sale figures from clients who have made partial payments in this project.

- There is 100% annual growth in pre-sales and the profitability is projected at an ROI of 40%-50%.

- The parent company is family-owned. It has bank loans that it is capable of repaying without this loan.

This is a residential housing project which will consist of 550 houses.

The company leading the project is involved in the construction of residential housing, timber frame constructions, commercial buildings, and multi-story apartments.

100 hectares of land; under-construction buildings, and houses. Property in Montenegro - lands for construction with building permits.

100 hectares of land for residential construction and 80 units of houses already built and expanding.

The project will have 550 houses.

Business is funded by crowdfunding platforms and clients themselves, as future buyers. Some funding is coming back from house sales.