Details

Two tower high rise residential condominium (high end) near Kuala Lumpur City Centre, Malaysia. Co-Developer seeking Financier/Funder to issue Completion BG worth approx. USD50 million plus 10% Term Loan of GDC (final cost subject to current BQ after pandemic price). Developer can charge property land as collateral. Co-Developer could manage own bridging cost if they can get Completion BG from financier/investor. GDV USD75 mill - RM100 mill (depends of bulk purchaser's local bank Rent to Own scheme or Local/Foreign Individual Purchasers). The project is in 2nd phase and completed the 2 tower structural building. Project will complete in the next 18 months. Fully secured project as Completion BG can be only cashed out upon completion/hand over of units. Altogether is 472 units and sold 216 units.

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