STONE COIN REAL ESTATE PORTFOLIO
THE STONE COIN participates in the pruchase of 59 residential units in Germany.
July 10 was the starting date: The STONE COIN AG participated in acquiring residential units on the Weissenburgstrasse in Recklinghausen near Dortmund (Germany).
So far we are talking about buildings with 59 2- and 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.
This website will provide timely information on the development of the real estate portfolio.