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Real Estate Rental Business Seeking Loan in Port Moresby, Papua New Guinea

Experienced promoters seeking loan to develop 43 acres of land into commercial units near airport.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 3 thousand
Run Rate Sales USD 3 thousand
EBITDA Margin 40 %
Industries Real Estate Rental
Locations  Port Moresby
Local Time 5:18 AM Pacific / Port Moresby
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 26 thousand for 10.0% annual interest, 6 years (Native Currency: PGK 100,000)
Reason: Development of land into a commercial unit.
Collateral Available: USD 80 thousand
Includes physical assets worth USD 2.6 million
Name, Phone, Email
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Business Name
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Documents
Land Deed
Land Title
Business Overview

- Most reliable and affordable rental rooms in Port Moresby NCD.

- Rental options for rooms, and self-contained units.

- Currently, 1 standby water tank available, ensuring 24-hour water supply.

- Electricity is consistent, but a standby generator is not yet in place.

- Ample parking space with round-the-clock security on-site.

- Total room are 3 and 1 self contained unit.

- 30 years of industry experience for promoters.

- Exciting new projects on 43 acres of acquired land.

- Seeking a loan to build a mini-mart, tyre service, and for commercial purposes.

- Prime location near the airport with excellent potential for commercial establishments.

- Anticipated revenue to cover interest payments on the loan.

Products & Services Overview

3 rental rooms and 1 self contained unit in Port Moresby NCD.

Customers are locals.

Assets Overview

43 acres of land, 3 rooms, 1 self contained unit with furniture and fixtures.

All our assets are illiquid, hence require funds for expansion.

Facilities Overview

The 43 acre land and the other property are for 99 year lease with an annual payment of PGK 125.

The area of the self contained unit is 6m*6m, and the rooms are 4m*3m* each.

They are located close to the international airport of Port Moresby NCD.

Capitalization Overview

Sole shareholder.

Self funded business.

No loans or debts.

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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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