High rise Condominium Development in the Visayas Looking for InvestmentListing: #OR00463
About this Business for sale in Metro CebuHigh rise Condominium Development in the Visayas Looking for Investment
This condominium development is located in one of the highly urbanized cities in the Visayas. It is a high-rise 36-storey building constructed with modern-architectural design for residential and commercial use. Out of the 300+ units being offered, 65% of the building is sold out, the company is looking for an investor or lender willing to finance the completion of the project in early 2021.
They are looking for a lender willing to loan them the amount of 400 Million to complete the project. However, they are also open to a partner willing to invest 100% (830 Million) or 50% (415 Million). Based on Seller’s computation, partner will have a projected Return of Investment (ROI) of 33.78%.
With the Pandemic’s end in sight, this is an excellent opportunity for any lender who is simply looking to grow their money through interest or an investor with a forward-looking outlook who is interested in owning a commercial property in the Visayas.
Disclaimer: Due to confidentiality of this business, photo used in the web ad is generic and non-Stock and is not in anyway related to the business. To know more about this listing, click on 'Enquire Now' or contact the broker for further details.
+63 2 7900 8000
+63 917 842 3263
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.