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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.
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
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.
