direct from the mandate/direct-to-principal of all projects listed below
direct from the mandate/direct-to-principal of all projects listed below
??Seeking for housing development project loan or joint venture of $80 million
100% highly demanded in the sales market
Need funding for a Term loan or Equity partner or Both.
Attached for 299 Terrace House business plan in South Korea
Total land 53,751.00 Square meters
Total project hard cost $129M
Total Market Value $167M
Need fund $80M (including paying off current Bank Loan for 1st line)
FUND USE FOR:
Request Loan Amount
$80,000,000.00
Pay of Bank Loan for 1st lien
Down Payment to construction
$29,000,000.00
$30,000,000.00
Selling expenses
$5,241,096
General incidental expenses
$8,003,800
Operations expenses and Construction supervision
$7,755,110
Total expenses
$80,000,000.00
$87M construction cost will be guaranteed by the Construction Company and Asset Trust Management company.
land is completely developed and construction permitted.
Permitted and ready to construct for 299 Terrace house and ready to start pre-selling.
As soon as funds are available. The project will be completed in 3 years.
Competitive Report below ??
In Korea, the sale of houses typically commences at the beginning of construction. Buyers pay an initial 10% upon signing the contract, followed by a 30% intermediate payment at the start of construction, and the remaining 60% balance upon completion, usually financed officially through banks.
Due to the shortage of housing in Korea, competition can reach up to a ratio of 600:1. Consequently, securing a sale immediately provides a premium exceeding 20%. Investors often capitalize on this opportunity by purchasing 5-10 units to resell at a profit.
Typically, securing construction and land permits for long-term construction projects can take approximately 5 years. However, our project has already acquired all necessary permits and is fully prepared to proceed immediately.
We are prepared to cover any associated fees provided they are NOT up front , and respectfully request a loan agreement from an accredited lender prior to initiating transactions. Should the lender require fees or additional costs, we are open to considering payment after receipt of an official commitment letter or term sheet from a reputable institutional lender with a proven history of successfully funding international projects.
????We are open to covering any necessary fees, we kindly ask for a loan agreement from an accredited lender beforehand. If the lender requires any fees or costs, we would be happy to consider payment after receiving an official commitment letter or term sheet from a reputable institutional lender with a proven track record of successfully funding overseas projects.
PAYMENT METHODS:
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