STONE COIN REAL ESTATE PORTFOLIO
THE STONE COIN participates in the pruchase of 22 residential units in Germany.
On July 10 came the starting signal: The STONE COIN AG participated in acquiring 22 residential units on the Weissenburgerstrasse in Recklinghausen near Dortmund (Germany) at excellent conditions. There are four apartment buildings with a total of twenty-two 3-room apartments. The buildings are massive brick buildings in good condition. The objects are located in a quiet and pleasant residential area, within five minutes walking distance to the pedestrian zone. This ensures full letting of the properties even if the German rental market changes.
When financing the property with a mortgage, we learned that no bank granted a mortgage to a crypto company. Fortunately we were able to find a bank that financed the properties under the following conditions: 90% of the German subsidiary had to be taken over by the main shareholders. The main shareholders also had to vouch privately with a six-figure EURO amount. After clarifications with the lawyers, the main shareholders had to take over the overpaid portion of THE STONE COIN AG against FIAT.
This is now implemented according to the advice of the lawyers.
Currently, two more properties are being negotiated at locations in Germany, which could soon complement the portfolio.
This website will provide timely information on the development of the real estate portfolio.