Photo - Joel Mphonne Investments Pty Ltd
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Joel Mphonne Investments Pty Ltd

Purchase of a Residential Apartments building

South Africa
Market: Real estate
Stage of the project: Prototype or product is ready

Date of last change: 13.06.2024
Min amount of loan
$  1.000.000
Estimated yield
5 % a year
Go to the owner's profile
5
Total required
$ 2.900.000
Rating
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Also this project:
- is looking for investment
 

Idea

Purchase of an existing residential apartments building. Already generating income with occupancy rate of 100%.

Current Status

The target property already occupied and generating income.

Market

Government and private sector employees

Problem or Opportunity

Existing residential apartments building to be purchased. It has 120 bedrooms, already occupied by tenants and generating income.

Opportunity to acquire further commercial and residential properties

Competitors

Competition is from other surrounding rental properties

Advantages or differentiators

Provide good customer service and security for our tenants

Finance

Rental from residential and commercial tenants

Loan terms

60 months

Interest rate, %

5

Type of pledge

Real estate

Pledge and assets

The Residential Apartments building to be purchased from loan proceeds

Business model

Revenue to be obtained from rental from residential and commercial tenants

Solution (product or service)

To provide residential accomodations rental and commercial rental space.

Team or Management

Risks

Retrenchments and job losses by employers poses a risk to the business

Incubation/Acceleration programs accomplishment

None

Won the competition and other awards

None
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Idea
Current Status
Market
Problem or Opportunity
Competitors
Advantages or differentiators
Finance
Financed earlier, $
Loan terms
Interest rate, %
Type of pledge
Pledge and assets
Business model
Solution (product or service)
Team or Management
Lead creditor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Presentation