Safe and Green Development Corporation Closes Sugar Phase 1 Construction Loan
Safe and Green Development Corporation (SGD)
Company Research
Source: PR Newswire
MIAMI, Nov. 8, 2024 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ: SGD) ("SG Devco" or the "Company"), a leading real estate development company, closed its first construction loan in Company history on November 7th, 2024.The Company's Sugar Phase I project is already underway and is on track to deliver the finished homes early in the first quarter of 2025. The loan will accelerate the construction of the homes by providing access to additional working capital and ensure that the homes are delivered on budget and on time.The total loan amount is approximately $554,222 which will be funded in draws as the homes reach various levels of completion. The Joint Venture expects to be able to generate revenues of approximately $1,000,000 from the sale of the homes and net profits of approximately $380,000 after considering interest expense and other project related expenses. These project level financials for these five homes are expected to be mirrored through the rest of th
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News
- Safe and Green Development Corporation Reports Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Safe and Green Development Corporation Reports Third Quarter 2024 Financial ResultsPR Newswire
- Safe and Green Development Corporation Provides Construction Update on Sugar Phase I Project in South TexasPR Newswire
- Safe and Green Development Corporation Regains Compliance with Nasdaq Listing StandardsPR Newswire
- Safe and Green Development Corporation Pours Foundation for First Time in Company HistoryPR Newswire
SGD
Sec Filings
- 11/15/24 - Form S-1
- 11/15/24 - Form 8-K
- 11/14/24 - Form 10-Q
- SGD's page on the SEC website