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Jindřichův Hradec Mall II

Refinancing Upvest bridge loan and construction costs

Net yield
8,25 - 9

% p. a.

Investment club
8,5 - 9

% p. a.

179,500,000

CZK

Invested

179,500,000

CZK

Minimal goal 154.5 mil. Kč

The details below are valid as of the start of the fundraising period, 12/6/2022.

Investors can find regular reports on the progress of the project at .

  • Invested

    179,500,000

    CZK

  • Expected maturity

    11

    months

  • Number of investments

    1037
  • Minimum investment

    5,000

    CZK

  • Payments

    Interest paid on maturity

  • Project location

    Jindřichův Hradec

  • Developer

    CA Czech Austria Invest a.s.

    More about the developer

  • Purpose of the loan

    Refinancing of the Upvest bridge loan and financing of construction and overhead costs

  • Type of credit

  • Securing


    Lien on real estate
    Lien on project account
    Lien on subordinated receivables
  • Current project phase

    Building realization

  • Introductory summary
  • Product description
  • Project description
  • Timetable
  • Investment analysis
  • Risks
  • Check
  • Developer
  • Introductory summary
  • Product description
    • Investment product description
    • Participation parameters
  • Project description
  • Timetable
  • Investment analysis
  • Risks
  • Check
  • Developer
The text below was translated automatically. Therefore, we cannot guarantee the accuracy of the translations.

Introductory summary

Product description

The product described in this Investment Analysis is a participation in a senior loan provided for the purpose of refinancing a bridge loan from Upvest, which was drawn in 2021 for the purpose of purchasing and consolidating land in Jindřichův Hradec, and for the purpose of financing the construction and overhead costs of the implementation of the Rezoning Project for a future shopping centre ("OC") consisting of several retail units.

The purpose of the senior loan is to refinance the Upvest senior bridge loan up to an amount of up to EUR 154.5 million. (i.e. the amount of the Upvest bridge loan as of the date of the expected first drawdown) ("Tranche A"), financing construction costs under the works contracts for the implementation of the Rezoning Project up to CZK 71.4 million. CZK 71.4 million ("Tranche B"), and financing of soft costs of the Project up to CZK 20.4 million. The contracted amount of future revenues (based on future purchase contracts) is always equal to or higher than the debt to Upvest including the assumed interest. Interest with principal is payable in one lump sum or in stages no later than the final maturity date of the loan, i.e. 30 June 2024. Repayment of the Senior Loan will be made from the proceeds of the sales of the OC plots. The loan is expected to be repaid from these contracted proceeds during Q2 2023 (expected maturity).

The Senior Loan will be secured by a lien on the commercial interests of the Borrower, a lien on all project land, a lien on the project account, a notarial deed of direct execution and acknowledgement of debt, and repayment of the Senior Loan will be senior to the repayment of all other debts of the Borrower.

The developer of the project is DE LINEA s.r.o., which is backed by the development group CA Czech Austria Invest a.s. Representatives of the CA Czech Austria Invest group have almost 20 years of experience in the development of mainly commercial real estate (primarily local retail properties) and residential real estate, mainly in South Bohemia.

The developer is obliged to maintain the value of the indicator below 75%. The developer is also obliged to sell the OC plots at minimum sales prices, which in total amount to CZK 357.6 million. It undertakes to maintain the maximum total project costs of CZK 260.7 million excluding VAT. CZK, excluding financial costs.

Investment product description

Product(participation in the gains and losses of a loan agreement)
Purpose of the loanRefinancing of the Upvest bridge loan and financing of construction and overhead costs
Location of the financed projectKřižovatka Václavské ulice s obchvatem města směrem na Třeboň, Jindřichův Hradec
Parties to the loanLender: upvest s.r.o.; Borrower: DE LINEA s.r.o.; Intervener: Grelio Commerce s.r.o.
Investment objectiveaž do 246 300 000 Kč
of which Tranche Aaž do 154 500 000 Kč (jednorázově)
of which Tranche Baž do 71 400 000 Kč (postupně)
of which Tranche Caž do 20 400 000 Kč (postupně)
Minimum investment amount5 000 Kč
Type of interestSimple
Expected repayment methodInterest payable in one lump sum or in arrears with the principal from sales of lots to retailers, no later than the final maturity date
Fundraising period12.06.2022 - do 31.01.2023
Estimated start of interestAfter successful fundraising, but not before 1.8.2022
Loan maturity from Upvest
Nearest due daten/a
Estimated maturity9-12 months (Q2 2023)
Final due date24 months (30.06.2024)
Securing a loan
Lien on project account
Lien on subordinated receivables
Notarial deed for direct enforceability of the claim and acknowledgement of debt
DeveloperCA Czech Austria Invest a.s.
Project companyDE LINEA s.r.o.

Participation parameters

Developer may repay the loan from Upvest no later than the final maturity date, in one lump sum or in instalments. The Investor shall share in the proceeds from the date of successful fundraising, but always not earlier than 1 August 2022, until the loan is repaid in full. The actual interest on the drawn down portion of the principal begins on the day after the loan is drawn down by the developer. The proceeds are paid to the investors after a given loan or interest payment by the developer, the proceeds corresponding to the reservation fee (i.e. reservation of funds until the conditions of drawdown are met by the borrower) will be paid to the investors together with the first interest payment.

10

% p.a.

Total interest on the loan

1,75 - 1

% p.a.

Upvest fee

8,25 - 9

% p.a.

Net income

8,5 - 9

% p.a.

Net yield for the Investment Club

>= 0 Kč

8.25% p.a.

>= 100,000 Kč

8.5% p.a.

>= 1,000,000 Kč

9% p.a.

Interest income will be paid in one lump sum or in stages together with the principal no later than the final maturity date.

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Contact

  • info@upvest.cz

    novyprojekt@upvest.cz

  • upvest s.r.o.
    Budova Churchill I – BASE
    Italská 2581/67
    120 00 Praha 2Vinohrady

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