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Family House – Hořovice – Central Bohemian Region III. (1st Phase)

Hořovice – Central Bohemian Region

Yield

7.257% p.a.

Loan amount

CZK 12,000,000

Maturity

23 months

LTV

59.5%

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Get to know the project

This is a repeat transaction with the client, a small-scale real estate developer focused on identifying attractive opportunities in the property market, particularly in the segment of smaller apartment buildings and family houses intended for acquisition and subsequent renovation. The client has been active in property development since 2018 and has extensive experience in the renovation and rental of residential properties in the Central Bohemian Region. The client primarily undertakes smaller projects comprising 10–12 residential units, typically with compact layouts. Current projects are located in Hořovice, Roudnice nad Labem, Vysoké Mýto, Příbram, and Prostějov. The client specializes in renovating older properties with the objective of creating modern housing equipped with technologies enabling remote management of selected functions, such as energy consumption monitoring and control for tenants. The purpose of the new financing is to fund the purchase price and reconstruction of a brick-built family house in Hořovice, with the intention of selling the completed units upon project completion. The redevelopment will result in three medium-sized residential units with a total floor area of approximately 250 sqm. The property is located in the wider city centre along a main thoroughfare. It is a family house constructed in the first half of the 1960s and includes an adjoining garden. The building comprises two above-ground floors, an unfinished attic space, and a garage. The property currently contains two residential units. The total land area is 834 sqm. Current utilisation of the client's credit facility amounts to CZK 4,850,000.

Description of Real Estate Collateral

01

Family House - Hořovice - Středočeský kraj

Collateral value CZK 6,300,000

Property Overview: The project concerns a family house in Hořovice designated for a complete reconstruction. The property was built in the first half of the 1960s and is situated on a plot of land measuring 834 sqm, including a garden. The building is currently configured as a family house comprising two residential units and a garage. The layout consists of two above-ground floors and an unfinished attic space.

Following the reconstruction, the property will be converted into a small apartment building comprising three residential units, each with a 3-room layout and kitchenette (3+kk), with a total gross floor area of approximately 249 sqm. Each unit will occupy a separate floor, resulting in a three-storey residential building.
Property Value: CZK 6,300,000 (valuation dated 18 February 2026)
Security: First-ranking mortgage lien.

Location and Surroundings: The property is located in the wider centre of Hořovice along a main thoroughfare. The immediate surroundings comprise a mix of residential housing and light industrial/storage facilities. Full civic amenities are available within walking distance, while a bus stop is located approximately 200 metres from the property.

Hořovice is an important regional centre situated on the border of the Central Bohemian and Plzeň Regions, offering excellent transport accessibility. The town is located near the D5 motorway connecting Prague and Plzeň and is also served by the main Prague–Plzeň railway corridor, providing regular rail connections. Owing to its combination of comprehensive amenities, strong transport links, and proximity to employment opportunities, Hořovice represents an attractive residential location.
Technical Condition: The property is intended for a complete reconstruction. Its current technical condition does not allow for modern residential use without substantial construction works. The redevelopment will involve the conversion of the existing family house into an apartment building comprising three self-contained residential units. The property includes a garage and a garden. Parking is available both on the plot and in the immediate vicinity of the building. Suitable for complete reconstruction.

02

Apartments House - Roudnice nad Labem

Collateral value CZK 41,710,000

Property Overview: The apartment building in Roudnice nad Labem is an end-terrace property with a residential attic and a partial basement. The building was originally constructed around 1900 and is located in the wider town centre. The total built-up area amounts to 716 sqm.
The property is currently undergoing a comprehensive reconstruction aimed at creating modern rental housing. Upon completion, the building will comprise a total of 14 residential units, 8 garages, and 8 garage parking spaces. The project includes new insulation, refurbished wooden windows, central gas heating, and SMART home technologies. Residents will also have access to a shared courtyard.
Property Value: CZK 41,710,000 (valuation dated 31 March 2026)
Security: Fourth-ranking mortgage lien (all senior-ranking mortgage liens are held in favour of Ronda Invest a.s.).
Location and Surroundings: The property is located in the wider centre of Roudnice nad Labem, a town situated on the left bank of the Elbe River in the Ústí nad Labem Region. The town has approximately 13,000 inhabitants and offers a full range of civic amenities. Its historic centre has been designated as a municipal conservation area.
A key advantage of the location is its excellent transport accessibility. Roudnice nad Labem lies on the Prague–Děčín railway line and offers regular direct train connections to Prague with a travel time of approximately 45–50 minutes. The town is also connected to the D8 motorway, providing fast access to both Prague and Ústí nad Labem.
Technical Condition: The property is currently undergoing extensive reconstruction and is not yet habitable. The renovation is being carried out in several phases.
In the front section of the building, new partition walls, flooring, electrical installations, and plasterwork on the first above-ground floor have already been completed. Roof insulation works and the finishing of interior spaces are currently underway.
The property is connected to all utility networks. The rear section of the building is yet to undergo reconstruction. The current property valuation has been revised upwards compared to the original appraisal, reflecting the higher volume of investments already made into the renovation works.