Asking Price: 400M Location: Cebu
High rise Condominium Development in the Visayas Looking for Investment
Cityscape Grand Tower Condominium is located in Cebu City, one of the highly urbanized cities in the Visayas. It is a high-rise 36-storey building constructed with modern-architectural design for residential and commercial use. Out of the 300+ units being offered, 65% of the building is sold out, the company is looking for an investor or lender willing to finance the completion of the project in early 2021.
They are looking for a lender willing to loan them the amount of 400 Million to complete the project. However, they are also open to a partner willing to invest 100% (830 Million) or 50% (415 Million). Based on Seller’s computation, partner will have a projected Return of Investment (ROI) of 33.78%.
With the Pandemic’s end in sight, this is an excellent opportunity for any lender who is simply looking to grow their money through interest or an investor with a forward-looking outlook who is interested in owning a commercial property in the Visayas.