Reconstruction of a family house
This is a refinancing of an existing loan for the purchase and reconstruction of an originally family house in Dobřany into a residential house.
About the project
The main intention of the partner is to refinance a loan for the purchase and reconstruction of a family house into a four-unit apartment building. The partner will use the funds raised for the construction work needed to renovate the building.
After successful project financing, the partner has 12 months to complete the reconstruction and sell the units. The project principal will be repaid from the profits of the sale.
Frequently Asked Questions
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.
Yes, the interest rate is fixed, i.e. unchanging. We believe that the stability of the portfolio will bring more certainty to investors.
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.
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.
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.
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.
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.
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.