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Banking level of collateral

Residential houses in Kutná Hora

In this phase of the project, the partner will focus on starting the reconstruction of the first of a series of residential buildings that it intends to renovate over the years.

Basic yield
8,5
% p.a.
Total amount
7,8
mil. CZK
Length
24
months
Invested
Collateral value
mil. CZK
LTV
16,91
%
Status
Invested
Purpose
Other

About the project

Project detail

The main intention of the partner is to build a series of residential apartment buildings in Kutná Hora. In the first phase of the project, the partner will focus on the reconstruction of the first of them. The partner will use the funds raised to start preparatory work for the reconstruction and to prepare approximately 10% of the area.

Project financing

Once the project is successfully funded, the partner has 24 months to complete the planned work. The principal will be repaid by refinancing with a bank loan.

Partner

Veromanex s.r.o.

ID: 09884122

Address Vojtěšská 211/6, 110 00 Prague

registered in the Commercial Register maintained by the Municipal Court in Prague, under the file number C 344017/MSPH

Frequently Asked Questions

When do I get paid my profit?

You will be paid the first profit one month after the amount you have collected has been sent to the project partner, and every month thereafter for the duration of the investment, always on the same day.

Is the interest rate fixed?

Yes, the interest rate is fixed, i.e. unchanging. We believe that the stability of the portfolio will bring more certainty to investors.

Is the investment secured by real estate?

Yes, the investment is secured by the property on which the lien is attached. Should any problem arise, the mortgage on the property will be used, the property will be sold and our investors will be paid.

What are the possible risks?

It may happen that your partner stops repaying his/her loan. At this point, we initiate recovery proceedings and demand payment of all debts. In the worst case scenario, the property on which the lien is placed may be sold and we will pay our investors a pro rata share based on how much they have invested.

What happens after I invest?

Your investment contributes to the amount you want. Once the amount is collected and the cooling-off period has elapsed, we sign the pledge agreements and send the amount to the partner, who then implements the project and makes monthly interest payments. Should the required amount not be collected, we return the full amount of your investment back to Investown's wallet.

What happens to the amount collected?

Once the full amount required is collected and the cooling-off period has expired, we sign the pledge agreements and send the amount to the partner, who then implements the project and makes monthly interest payments.

What if I want to end the investment before the full length of the investment has expired?

In case you need to end your investment early, you can offer it to other users on the Marketplace. Any verified user can buy it from you.

What happens after the investment period?

At the end of the investment period, all the money you invested will be returned to your Investown wallet, where you can either withdraw it to your bank account or reinvest it in a new project.

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