Residential zone Letná, Karlovy Vary - 2. tranche

Questions

• How many apartments and plots must the developer sell to repay both the bank loan and the loan from Crowdberry investors, including interest?

  In order for the developer to repay all loans, including interest, it must generate sales of at least 71% of total planned sales, given that the developer has set a highly conservative sales price per square meter of approximately 22% in its business plan. It is therefore necessary to sell 42 apartments and 11 plots. However, the pre-sale of 42 apartments is also a condition for Crowdberry to grant a junior loan. Investors are entering the project with a sufficient number of (pre-)sold apartments.

• What impact does the treatment center for the chronically ill have on the entire residential project?

  The project also includes a treatment center for the chronically ill. However, the developer is not building it, but has a valid contract with the customer for the sale of serviced land with a valid building permit for healthcare facilities of this type. The land currently has a valid building permit for social care facilities, so this is only a change to the building permit. Once the developer achieves this change, he will collect CZK 27 millions from the buyer for the project. This change to the building permit is a condition precedent to the granting of a loan by Crowdberry investors.

• Why don't the bank and developer finance the entire construction from their own capital? Why can smaller investors also participate in the investment?

  At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga.

  At vero eos et accusamus et iusto.

  Et harum quidem rerum facilis est et expedita distinctio

  Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus.

  • omnis voluptas assumenda est, omnis dolor repellendus
  • Temporibus autem quibusdam et aut officiis debitis aut rerum

  necessitatibus saepe eveniet ut et voluptates repudiandae sint et molestiae non recusandae. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

  1914 translation by H. Rackham

  "On the other hand, we denounce with righteous indignation and dislike men who are so beguiled and demoralized by the charms of pleasure of the moment, so blinded by desire, that they cannot foresee the pain and trouble that are bound to ensue; and equal blame belongs to those who fail in their duty through weakness of will, which is the same as saying through shrinking from toil and pain. These cases are perfectly simple and easy to distinguish. In a free hour, when our power of choice is untrammelled and when nothing prevents our being able to do what we like best, every pleasure is to be welcomed and every pain avoided. But in certain circumstances and owing to the claims of duty or the obligations of business it will frequently occur that pleasures have to be repudiated and annoyances accepted. The wise man therefore always holds in these matters to this principle of selection: he rejects pleasures to secure other greater pleasures, or else he endures pains to avoid worse pains."

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• What are the chances of the project succeeding? What is the demand like in Karlovy Vary?

  At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga.

  At vero eos et accusamus et iusto.

  Et harum quidem rerum facilis est et expedita distinctio

  Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus.

  • omnis voluptas assumenda est, omnis dolor repellendus
  • Temporibus autem quibusdam et aut officiis debitis aut rerum

  necessitatibus saepe eveniet ut et voluptates repudiandae sint et molestiae non recusandae. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

  1914 translation by H. Rackham

  "On the other hand, we denounce with righteous indignation and dislike men who are so beguiled and demoralized by the charms of pleasure of the moment, so blinded by desire, that they cannot foresee the pain and trouble that are bound to ensue; and equal blame belongs to those who fail in their duty through weakness of will, which is the same as saying through shrinking from toil and pain. These cases are perfectly simple and easy to distinguish. In a free hour, when our power of choice is untrammelled and when nothing prevents our being able to do what we like best, every pleasure is to be welcomed and every pain avoided. But in certain circumstances and owing to the claims of duty or the obligations of business it will frequently occur that pleasures have to be repudiated and annoyances accepted. The wise man therefore always holds in these matters to this principle of selection: he rejects pleasures to secure other greater pleasures, or else he endures pains to avoid worse pains."

  Register and get access to details

  Register

  Already have an account? Log in

  We are a regulated entity. Campaign details can only be viewed by registered users.