The loan was granted to the client for the purpose of the complete reconstruction of a residential building in Kostelec nad Labem, which was purchased by the client in cooperation with RONDA INVEST (the client was granted a previous loan for this purpose). The total loan framework, which will be gradually drawn down in tranches as the reconstruction progresses, amounts to CZK 11 million. Each tranche of the loan will be disbursed after the previous tranche has been verified (i.e. after assurance that the funds disbursed have materialized in the building and its appreciation has taken place). The reconstruction will result in modern housing in a historic house located on the central square in Kostelec nad Labem, which offers the tranquility of a smaller town with good accessibility to Prague. Based on the last inspection, the reconstruction process has shown considerable progress.
Description of the real collateral:
Residential building in Kostelec nad Labem
- Lien in the 1st order
- Basic property description: the loan is secured by an apartment building that was built between 1905 and 1906. The house was listed in 2004 as an immovable cultural
monument. The building is built of brick, fully basemented, has two floors and a previously unused attic space. Together with the planned reconstruction, 9 residential units (8× 2+kk, 1× 3+kk) will be created in the apartment house.
- Location and surroundings: The property is located in the historical centre of the town, which has been a city conservation area since 2003. In the town there is a wide range of civic amenities available, in close proximity to the house there is a town hall, school, shops, restaurants and other establishments. Public transport accessibility is provided by suburban bus lines and rail.
- Technical condition of the property: The property is undergoing complete renovation.
Description of Real Estate Collateral
- Basic description of the property: Land plots designated for the construction of a residential building. The building plot is flat, with a slight slope towards the southeast.
- Lien in the 1st order.
- Value of the property as of date: CZK 49,000,000.00, October 10, 2025
- Location and surroundings: Pardubice is a regional capital with a dynamically developing economy, high-quality infrastructure, and a wide range of services, making it one of the most sought-after residential locations in Eastern Bohemia.
- Technical condition of the property: The land plots are currently in the process of obtaining a building permit. Once granted, they will be developed with the construction of a residential building.
- Basic description of the property: The plots are of irregular shape and generally level terrain with a gentle gradient, covering a total area of 6,534 m².
- Lien in the 1st order.
- Value of the property as of date: CZK 25,000,000.00, professional evaluation prepared on the basis of the appraisal dated 23 September 2025.
- Location and surroundings: Pardubice is a regional capital with a dynamically developing economy, high-quality infrastructure, and a wide range of services, making it one of the most sought-after residential locations in Eastern Bohemia.
- Technical condition of the property: The land plots are currently in the process of obtaining a building permit. Once granted, they will be developed with the construction of a residential building.