Other
Capital sought for real estate development with a 10% to 25% return and an exit within 6-12 months. A plot of land in Central Limburg, currently under development, was recently purchased with the objective of securing planning permission and obtaining an environmental permit for the purchased portion. The mandatory purchase has been completed. The environmental permit has been issued. The notarial transfer of the plot will take place in October. The sale is estimated to take place within 6-12 months. The owners have a proven track record of (re)development and renovation of real estate. The developer wishes to obtain project financing for €150,000. A 10% annualized return is offered with an additional 25% profit bonus upon sale at a certain selling price. Depending on the duration and selling price, the return can reach a maximum of 25% with a 6-month duration. Very limited risk. The financier receives a first mortgage on a land value equal to 1.5 times the financing requirement. The financing has a term of up to 12 months, but is likely to be shorter. A comprehensive information memorandum is available.Personal data
Region
Limburg (BE)
Sector
Construction
Type of company
Legal entity
Limited Company
Type of transaction
To be determined
Life phase enterprise
Full-grown
Employees in FTE
< 5
Type of buyer
Investor
Financial information
Turnover last financial year
€ 100.000 - € 250.000
Asking price
€ 100.000 - € 250.000
Earnings before taxes
€ 100.000 - € 250.000