SpotiFinancePlace is an online platform that enables its clients to fund transactions for investments in development, real estate management, or real estate transactions. The process is based on a method that is increasingly used in the USA and EUROPE - crowdfunding - group funding or shared funding, in which a group of people co-fund a project and benefit from it if implemented successfully.
The participants are the following:
Investing is done in only 4 steps:
Each project is implemented by a project manager who manages the processes in the specific project, and people provide funding to implement the project itself. Upon successful realization, everyone wins.
In order to be committed to the project, we are obliged to invest in it at least 20% of its value, which will mean: commitment, accelerated deadlines, high quality, strong control and low cost. The project manager is also obliged to invest in the project.
The project manager prepares a project for investment in:
The projects can be varied, and the control activity for their implementation will be up to all of you. Whether the project will be funded will depend on whether it is well structured and has a good return. Each project will include all the detailed information about deadlines, technical part, technical implementation, terrain, architectural plan, cost part, complete or for each phase depending on the complexity and size of each project, the expected cost of the project, the expected profitability and the expected return for each of the parties in the project. The project is then opened for participation for a certain period of time in which everyone can get acquainted with it and decide whether they want to participate.
If you want to participate, you must first register, if you are convinced that this project is your project, you apply for participation in the project and then within 3 working days you must complete the following step: transfer of funds to cover your requested investment in the requested amount. The minimum amount of investment is shown in each project in most cases it is 1000 EUR or 1956 BGN. After you transfer the funds, you receive shares for each project, depending on how much you participate in it. Each project is a joint stock company in which you become a shareholder, i.e. you remain the owner of your money until the end of the project, as well as the owner of the property under construction. After the completion of its construction and the sale of the property, the joint stock company is closed and you receive your money together with the realized profit.
The joint stock company has no right to take loans, which minimizes the risk for all owners. The costs of the company are defined in the description of the project and they may not exceed by more than 5% the determined amount. t, is no risk of cost increase. The joint-stock company is planned to exist for the term of the project, and after its realization the funds are distributed depending on the shareholding of each participant.
After completing all the steps you will receive shares (ownership) of part of the project depending on the share of the amount invested by you in a specially created joint stock company.
Step 1: If the investment project meets your requirements and you want to participate in this type of investment you must register in the platform - registration
Step 2: You must apply for participation in the project with the button “Apply for Participation - Invest”, which is located in each project. The application is submitted for each specific project and applies only to it.
Step 3: finalization of funding, transfer of funds to cover your requested investment in the requested amount. Payment is made from the button “Payment on the investment application” of the project description and applies only to it. The minimum amount of investment is shown in each project in most cases it is 1000 EUR or 1956 BGN. After you transfer the funds, you receive shares for each project, depending on how much you participate in it.
Step 4: Implementation and realization of the project: During this period you do not need to do anything, as you will periodically receive information about the progress of the project and everything important for it so far.