Purpose of the loan

  • Investment loan that can be gradually increased depending on the progress of the construction

Basic parameters of the Artesa DEVELOPMENT loan

  • Loan amount from CZK 2,000,000 to CZK 155,000,000
  • Estimate of future market value of the property
  • Interest rate from 6.5% p.a.
  • Max up to 50% of the property price based on standard prices in the given location
  • Loan payable over 1 – 5 years
  • Gradual draw down of individual tranches of the loan
  • Payment of principal + interest paid from drawn down loan tranches and interest on the drawn down tranches

The loan is secured by

  • Mortgaging your own or purchased real estate (or real estate owned by a third party), generally without any irremovable encumbrances and legal restrictions, with direct access to the plot of land
  • Reservation of benefits from real estate insurance
  • Blank bill of exchange issued by the debtor
  • Any other acceptable security instruments upon mutual agreement