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Residential Real Estate Construction Company Seeking Loan in Vilnius, Lithuania

550-unit residential real estate development project with 20% work completed seeks funds for project development.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 2 - 5
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 1.7 million
Run Rate Sales USD 2.6 million
EBITDA Margin 30 - 40 %
Industries Residential Real Estate Construction
Locations  Vilnius
Local Time 2:05 PM Europe / Helsinki
Listed By Management Member
Status Active
Overall Rating
Seeking Loan
USD 3.2 million for 16.0% annual interest, 2 years (Native Currency: EUR 3,000,000)
Reason: For project development. We shall discuss the repayment schedule with the lender. The project land ... View More
Collateral Available: USD 5.4 million
Includes physical assets worth USD 5.4 million
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Business Overview

- 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.

Products & Services Overview

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.

Assets Overview

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

Facilities Overview

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

The project will have 550 houses.

Capitalization Overview

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

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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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