Residential zone Letná - Karlovy Vary

You are joining the project at the ideal time – all preparations are complete, the developer has a building permit and has already started construction. This means that the most demanding and least predictable stages of the project have been successfully completed and there is no risk of delays.

Another important argument: 93 % of the apartments are already under reservation agreements, most of which include advance payments. This is crucial for investors. Current presales fully cover the repayment of bank financing and loans from Crowdberry investors, including interest.

The risk is thus minimized, because the funds for future repayment are essentially already secured by real buyers.

You can invest starting at CZK 10,000. The principle is simple: the developer is already building, most of the apartments have been sold, and you receive a fixed return. You will have your money back in your account, including interest, in two years.

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Short, simple, and highly secured loan
Fixed yield, clear terms, notarial deed, and lien; after repayment to the bank, the guarantee extends to the land in phase 2. Supported by a conservative financial model and strong project margins.

Verified and feasible project
Bank financing from Fio Bank, a valid building permit, and a secured general contractor mean that construction can begin immediately. The developer is experienced and has a track record of successful projects.

Strong presales and low sales risk
Already 80% of units and plots are under reservation agreements; demand is strengthened by the low supply of modern construction in the region. Additional capital will also be secured through the sale of LDN (approximately CZK 27 million in Q1).

A growing regional market with above-average returns
Regions show up to 2.5 times faster price growth than large cities and double the yield on investment apartments. The lack of new construction puts pressure on prices and expectations of quick sales.

Market advantage thanks to pricing strategies
The developer is selling below market price, which creates room for price increases in the event of increased demand or inflation.

Comprehensive development of the entire area with the support of the city
This is not just one house, but the creation of an entire new neighborhood – villas, plots, and services. Including the expansion of public transport and a new bus terminal.

Invest from as little as CZK 1,000 and grow your money: a secure short-term investment in a residential neighborhood with an attractive return of 10.6% per annum.

Loan investment conditions:

Loan amount: CZK 35 million
Interest yield: 10,6 % p.a. (risk margin 7% + 3,6 % PRIBOR)
Loan maturity (investment horizon): 24 months
Payment of interest and principal: at maturity

The loan is secured by a combination of a notarized deed with direct enforceability, a lien on real estate (after repayment to the bank), and guarantees from the developer and its main partner. Before drawing funds, the developer must meet a number of conditions – in particular, proof of high pre-sales, advance payments, contracts for work, a valid building permit, a bank loan, and the contribution of their own funds. Thanks to these elements, the risk of the project is significantly reduced, and investors are protected by a multi-level hedging structure.

The construction costs for the Letná residential zone are estimated at CZK 284 million, and the developer expects sales revenues of CZK 335 million. Investors have the opportunity to participate in the construction of not just one building, but an entire complex with a well-diversified offering, which has long been lacking in the Karlovy Vary region. The developer's pricing strategy is market-based, and in the event of negative scenarios, there is room for a more aggressive pricing policy, and thus for the successful repayment of loans from banks and investors. A verified banking partner (Fio banka) oversees the project's drawdown and budget.

The total debt-to-value ratio (LTV) of the project is 71 %. A valid building permit, bank financing, optimal LTV, and high pre-sales represent a unique combination of lower risk and reasonably attractive returns. The fixed annual interest yield for investors is set at 10,6 % with payment at maturity.

General Public Development is an experienced Czech residential developer operating in the Karlovy Vary and Central Czech regions, which has completed more than 200 apartment buildings and family homes in over seven years.

It is currently preparing and implementing projects covering an area of 35,000 m² worth over CZK 4,5 billion and is establishing itself as a stable regional player with an emphasis on high-quality design and consistent construction management.

Project risk (low)
The project includes residential construction in the first phase, which requires coordination of steps and adherence to the schedule.
Measures: Complete documentation, valid permits, and clear phasing enabling the management of smaller units and control of milestones.

Construction risk (low)
Possible delays by subcontractors or technical complications may affect deadlines.
Measures: Experienced developer and verified contractors, external supervision by the financing bank, and a clearly defined schedule.

Financing risk (low)
Repayment of the loan depends on the pace of sales of villas and plots.
Measures: Drawing is conditional on pre-sales, the developer's own resources, and the achievement of milestones; after repayment of the senior loan, a lien arises in favor of the investors.

Market risk (medium)
Demand may be slower or prices may differ from the plan.
Measures: The combination of villas and plots expands the pool of buyers; the region has a shortage of new construction, and the project already has high pre-sales.

We determine credit scores by combining financial and non-financial indicators, taking into account the quality of collateral and the risk premium of project financing. The financial model confirms strong debt coverage and good debt parameters, although with a lower share of the developer's equity. The project is backed by an experienced developer with more than 200 completed units and a valid building permit. The loan is drawn down only when key conditions that reduce the repayment risk are met. Overall, the project received a C rating.