Serviced Apartment Seeking Loan in Port-au-Prince, Haiti

- The business primarily provides residential rental housing, developed through renovated, expanded, and rehabilitated properties.
- These housing units are intended for individuals and families seeking safe, functional, and sustainable living spaces.
- The properties are used for long-term residential occupancy, with rent paid on a monthly or annual basis, enabling the business to generate stable and predictable income. Tangible assets:
- Main house: Ground floor (2 bedrooms, 1 dining room, 2 bathrooms) and first floor under construction (2 bedrooms, 1 dining room, 2 bathrooms, gallery).
- Other family houses: Several homes for renovation.
- Construction materials & equipment: Building materials, basic furniture for rental units, sanitary and kitchen equipment.
- The physical assets are vital for business operations and cannot be diluted.

Intangible assets:
- S corporation entity.
- Rental value & lease contracts: Ground floor leased.
Reputation & family trust: Strong community reputation and reliable tenant base.
- Business relationships: Contacts with local craftsmen, suppliers, and partners for maintenance, renovation, and property acquisition.
- Expansion potential & permits: Rights and approvals to complete the first floor and develop additional rental units. - Main house: Currently under renovation, the property is organized as follows:
- Ground floor (leased): 2 bedrooms, 1 dining room, and 2 bathrooms.
- First floor (under construction): 2 bedrooms, 1 dining room, 2 bathrooms, and a small balcony/gallery. Roofing work is ongoing, after which interior and exterior finishes will be completed.
- Other sibling-owned houses: Several properties for renovation and leasing.
- Rental details: Ground-floor units are leased on monthly or annual contracts, generating stable, recurring income. Units under construction will also be leased upon completion.
- Facilities and amenities: Each unit provides functional living spaces, basic sanitary facilities, and practical kitchen areas. Renovations and expansions enhance comfort and rental value. - The company is funded through a bank loan of approximately 500,000 HTG and contributions from the 6 brothers and 1 sister for the renovation of the main house.
- The bank loan is currently being repaid. Family contributions supplement the loan to cover renovation costs and the preparation of units for leasing.
-The company is collectively owned by 6 brothers and 1 sister, all actively contributing financially and participating in project management.
- Allocation of financial contributions and decision-making is based on family agreement, ensuring transparent and collaborative management.