Resort Seeking Loan in Malé, Maldives

- Ongoing project: acquired land, seeking funds for guest-house development.

- Land: own 5,000 sqft parcel secured for construction.

- Guest house: plans drawn, construction permit obtained for a 22-key guest house.

- Permits & licenses: all necessary construction permits and business licenses are in place.

- Promoters' experience: collective 45 years of experience among promoters.

- Construction timeline: maximum completion time set at 12 months, targeting 7 months.

- Expansion potential: option to expand room capacity, albeit with increased investment.

- Facility details: 22-key, 3-story building with terrace, reception, office, swimming pool, shop, coffee shop, restaurant, and kitchen.

A 5,000 sq ft guest house with 22 rooms in Male, Maldives.

Land with a sq ft area of 5,000. It is an illiquid asset.

- 5,000 sq ft land in South Ari Atoll, Male.

- It belongs to the company.

- 6 shareholders with the majority owner holding 50%

- No debts are associated with the company.

- All funding till now has been done by the company.