How does it work?
The platform brings together project managers looking for financing for property development and those looking to invest. Röntgen ensures simplicity and transparency of processes, ensuring fast and smooth cooperation.
1
Real estate project
- To obtain financing, the project owner submits to the operator the documentation needed to assess the project and the developer (financial statements, business plan, drawings, financing needs, etc.).
2
Selection
- Based on the documentation provided, Röntgen assesses the creditworthiness of the project owner and the quality of the project.
- Projects that meet the platform's requirements are provided with a preliminary proposal and financing terms are discussed.
- After signing an agreement to use the crowdfunding platform, summarized information about the project is posted in the platform's investment section.
3
Investment
- Once registered and identified, users can quickly and easily invest in the real estate crowdfunding projects of their choice after reading the project and loan agreement.
- Investments made through a payment institution (Paysera) are settled immediately (bank transfer settlement can take up to 2 working days). Shortly after the payment has been credited, the investor's account will show the details of the transfer and the automatically generated loan agreement in the contracts section.
- During the period investment is raised, all funds are accumulated in the restricted electronic money account which may not be used either by the project owner or the platform operator.
- If the required investment amount is not collected, the money is transferred back to the investors' bank accounts from which the payments were made and the contracts are automatically terminated.
4
Funding
- Having raised the whole or minimum investment amount, the project owner signs the property pledge and warranty agreements, thus securing the repayment of loans to investors.
- After all the contractual obligations have been performed, the money is paid to the project owner pursuant to the terms established in the agreement (all of it at once or in tranches).
- Payments can be made on the basis of work performance certificates, project completion or interim property valuations.
5
End of the project
- At the end of the project, the project owner repays all funds to the account indicated on the platform.
- The operator distributes the funds to all the participants of the platform who have invested in the property crowdfunding project. Payments are made to the same accounts from which the investments were made.
- If necessary, the term of the loan may be extended by agreement between the parties. In this case, the project owner must pay an interest premium and/or late payment interest, which Röntgen distributes and transfers to the investors.
- In the event of prolonged delays, Röntgen has the right to apply to bailiffs, seize assets and initiate legal proceedings to recover investor funds.
© 2024 Röntgen. All rights reserved.
"Trečia diena" UAB, which operates the Röntgen platform, is a licensed crowdfunding platform. The platform is governed by the EU Crowdfunding Regulation and is supervised by the Bank of Lithuania in accordance with the law.
"Trečia diena" UAB, which operates the Röntgen platform, is a licensed crowdfunding platform. The platform is governed by the EU Crowdfunding Regulation and is supervised by the Bank of Lithuania in accordance with the law.