Bocian Residence

Secured bond for a residential project under construction

Participate in financing a residential project in Liptovský Mikuláš alongside the bank. Your claim is secured, with a maturity of approximately 2 years; the developer’s profit comes only after you.

Bocian Residence is an apartment building with 111 units (89 apartments and 22 suites). It is located 5 minutes by car from the centre of Liptovský Mikuláš, with full civic amenities, a 24/7 grocery store just 3 minutes on foot, in close proximity to Liptovská Mara, with easy access to Jasná and the Tatras. The average apartment size is 44 m² and the average selling price is EUR 177,000, making it an affordable housing option in the region.

EUR 2,500,000 | 11.3% p.a. | maturity 31 December 2028 | min. EUR 2,000 | credit score C

• Valid building permit for the construction of all 111 units.
• Construction works are currently in full swing - the project is beyond the paperwork stage.
• Yield of 11.3% p.a. - fixed margin of 8.0% p.a. plus 12M EURIBOR (refixing annually), paid in a single payment at maturity.
• Senior bank financing is contracted with Tatra banka with a credit facility of approximately EUR 10 million.
• Developer with more than 900 residential units in the Liptov and Tatras regions, which they have built or managed through their project management.
• Pre-sales of 46 out of 111 units, i.e. 41%.
• Four-layer security package, including a personal guarantee from the developer of up to EUR 3,000,000.
• Safety buffer: in the event of a decline in list prices of approximately 20%, investors would still receive the principal and interest in full.

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