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
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