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Invest in a secured loan:

Apartment building - Prague 7 – Letná

Apartment building - Prague 7 – Letná
Return for the investor: 
4,76 % p.a.
Minimum amount of investment: 
50 EUR
Minimum amount of investment: 
50 EUR
Target maturity: 
31.7.2022

Meet the loan client:

The loan was provided to a Czech company for the reconstruction of an apartment building in Prague 7, Letná, and for refinancing liabilities with another financial institution. The company owner has been successfully doing business in the field of reconstruction of apartment buildings in Prague and has completed several similar projects in the past. The apartment building also serves as collateral for the loan.

Description of collateral:

The collateral comprises of 27 residential units and 1 non-residential unit in...read more

Loan and client information

Value of loan granted: 
1 850 000 EUR
Frequency of interest installments: 
monthly
Frequency of principal installments: 
according sale of residential and non-residential units
Payment morality: 
all due instalments paid on time
Number of guarantors/co-debtors: 
2
Purpose of use: 
Reconstruction of an apartment building in Prague 7 in Letná (c. a. Holešovice), refinancing of liabilities with another financial institution
Sources of repayment: 
Income from the sale of 27 residential and 1 non-residential unit, reconstruction of which is financed by a loan and other development activities within the group around the loan applicant.
Loan number: 
0000000126

Collateral information

Main collateral: 
The collateral comprises of 27 residential units and 1 non-residential unit in an apartment building in Prague-Letná (cadastral area Holešovice).
LTV: 
51,69 %
Lokalita: 
Prague 7 - Letná
Notarial deed: 
YES
Vinculation of indemnity: 
YES