The client has been actively operating in the Prague real estate market for six years, specializing in apartment renovations. Leveraging an extensive network of contacts, including real estate agents, the client gains access to exclusive, off-market opportunities for properties requiring renovation. To date, the client has successfully renovated and sold nine apartments. Currently, the client is acquiring apartments in the Michle and Krč districts and plans to expand future investments and renovations, particularly in the Prague 4 area. The secured property is an apartment located on the third floor of a villa-style building constructed in 1930. The building has undergone partial renovations, including facade insulation, window replacement, and roof repairs. The apartment is in the final stages of renovation and will feature two bedrooms, a main living space with a kitchen area, a bathroom with a toilet, and a sunny south-facing terrace.
Description of real estate collateral:
Apartment unit - Prague Krc
- Basic property description: The apartment unit, with a total area of 85.84 m², is situated on the third floor of a villa-style building in Prague 4.
- Property value as of October 11, 2024: CZK 9,100,000.
- Location and surroundings: The property is located in a quiet area with excellent access to public transportation, including a planned Metro Line D station nearby, further enhancing its appeal.
- Technical condition of the property: The apartment is currently under renovation and, upon completion, will feature two bedrooms, a main living area with a kitchenette, a bathroom with a WC, and a sunny south-facing terrace.
Description of Real Estate Collateral
- Basic Property Description: The property is a family house located in Hořovice, which the client acquired through a public state auction. The house is currently in its original condition and is awaiting renovation.
- Property Value as of: CZK 6,300,000, according to a valuation dated 9 October 2025.
- First-ranking mortgage lien
- Location and Surroundings: Basic amenities are within walking distance, and a bus stop is located approximately 200 metres from the property.
- Technical Condition of the Property: The family house is currently vacant. A comprehensive renovation of the property is planned, followed by its conversion into several compact residential units.
- Basic Property Description:
- Property Value as of:
- Second-ranking mortgage lien. The higher-ranking mortgage lien is held in favour of Ronda Invest a.s.
- Location and Surroundings:
- Technical Condition of the Property:
- Basic Property Description: A residential building located in the centre of Hořovice comprising 12 compact residential units.
- Property Value as of: CZK 18,800,000, according to a valuation dated 13 February 2024.
- Second-ranking mortgage lien. The higher-ranking mortgage lien is held in favour of Ronda Invest a.s.
- Location and Surroundings: Basic amenities are within walking distance, and a bus stop is located approximately 200 metres from the property.
- Technical Condition of the Property: The residential units are equipped with modern features, including remote-controlled heating.
- Basic Property Description: A residential building comprising two above-ground floors, two building wings, a converted attic, and a partial basement.
- Property Value as of: CZK 23,641,186, according to a valuation dated 29 April 2025.
- Second-ranking mortgage lien. The higher-ranking mortgage lien is held in favour of Ronda Invest a.s.
- Location and Surroundings: Roudnice nad Labem is a smaller town within commuting distance of Prague, offering a direct railway connection to the capital and convenient access to the D8 motorway.
- Technical Condition of the Property: The property is currently undergoing renovation, primarily of the first (front) building wing, and is approximately 20% complete. Upon completion, the building will comprise 22 rental apartments with a total usable floor area of 1,154 m².
CALCULATOR
