Situated in the very center of Banská Bystrica, Bottova Residence is a boutique residential project comprising 27 premium units and 4 studios. Originally acquired in 2016, the property was initially repurposed into high-end office spaces, attracting prestigious tenants.

However, in response to evolving market dynamics following the COVID-19 pandemic, the owners strategically repositioned the development as a boutique residential complex – currently under development. This transformation, supported by a valid construction permit, was driven by an optimized exit strategy - the sale of individual apartments.

To date, 30% of the total apartment space has been pre-sold, with an additional 32% currently under negotiation (either reserved or subject to strong buyer interest). The redevelopment is being financed through a combination of the owners’ equity and secured bank loan, where Crowdberry Investors could provide developer with additional private capital.

The purpose of the investment is to repay the existing bank loan, originally secured for office spaces, and to provide additional funding for the development in a prime location—the center of Banská Bystrica. The existing bank loan is being transferred to a new bank in cooperation with Crowdberry. The financing of the property will be structured through a combination of the owner's equity, bank financing, and a Crowdberry loan.

Construction Risk – The construction costs are primarily allocated to renovating the interior spaces to the shell-and-core stage. Apartments that have not been sold will be completed to this stage only after their sale. The risk is mitigated by the fact that construction is already underway, and a contract has been signed with a local contractor for completing the apartments to the shell-and-core standard. The loan agreement includes a term stating that any potential cost increases will be covered by the owner’s funds.

Project Risk – The project includes four studio apartments on the ground floor (two of which are reserved) and two larger apartments (4-bedroom and 5-bedroom units), which may experience slower sales progress. However, the risk is reduced by the fact that, even without the sale of the studios, the Loan-to-Value (LTV) ratio is at 82% (including the repayment of interest). The larger apartments are already reserved, with the condition that these units must be sold by August 31, 2025. If not sold by this date, the owner will provide a guarantee, waived once the units are sold.

For more information about the project and risks, please refer to the investment documents, particularly the financial analysis.

The investment opportunity in the target company is facilitated through the Crowdberry Investment Platform j.s.a. Investing carries the risk of a partial or total loss of the invested capital. The investment is not covered by a deposit protection system.

Situated in the very center of Banská Bystrica, Bottova Residence is a boutique residential project comprising 27 premium units and 4 studios. Originally acquired in 2016, the property was initially repurposed into high-end office spaces, attracting prestigious tenants.

However, in response to evolving market dynamics following the COVID-19 pandemic, the owners strategically repositioned the development as a boutique residential complex – currently under development. This transformation, supported by a valid construction permit, was driven by an optimized exit strategy - the sale of individual apartments.

To date, 30% of the total apartment space has been pre-sold, with an additional 32% currently under negotiation (either reserved or subject to strong buyer interest). The redevelopment is being financed through a combination of the owners’ equity and secured bank loan, where Crowdberry Investors could provide developer with additional private capital.

The purpose of the investment is to repay the existing bank loan, originally secured for office spaces, and to provide additional funding for the development in a prime location—the center of Banská Bystrica. The existing bank loan is being transferred to a new bank in cooperation with Crowdberry. The financing of the property will be structured through a combination of the owner's equity, bank financing, and a Crowdberry loan.

Construction Risk – The construction costs are primarily allocated to renovating the interior spaces to the shell-and-core stage. Apartments that have not been sold will be completed to this stage only after their sale. The risk is mitigated by the fact that construction is already underway, and a contract has been signed with a local contractor for completing the apartments to the shell-and-core standard. The loan agreement includes a term stating that any potential cost increases will be covered by the owner’s funds.

Project Risk – The project includes four studio apartments on the ground floor (two of which are reserved) and two larger apartments (4-bedroom and 5-bedroom units), which may experience slower sales progress. However, the risk is reduced by the fact that, even without the sale of the studios, the Loan-to-Value (LTV) ratio is at 82% (including the repayment of interest). The larger apartments are already reserved, with the condition that these units must be sold by August 31, 2025. If not sold by this date, the owner will provide a guarantee, waived once the units are sold.

For more information about the project and risks, please refer to the investment documents, particularly the financial analysis.

The investment opportunity in the target company is facilitated through the Crowdberry Investment Platform j.s.a. Investing carries the risk of a partial or total loss of the invested capital. The investment is not covered by a deposit protection system.