The lending model
You lend to the developer. The contract defines repayment.
We do not do equity crowdfunding. You do not buy shares in a property or in the platform. Each investment is a loan contract: investors place EUR capital, the developer pays interest through the term, and principal is repaid according to the schedule in the campaign documents.
Typical loan path
Capital, interest, repayment
Investor
Places an EUR investment
Developer
Receives the loan after funding closes
Repayment from developer
Pays interest and returns principal
Usual interest
Monthly
Currency
EUR
Crowdlending vs equity
What crowdlending means on stock.estate
The economic relationship is credit, not ownership.
You are a lender to the project company, with returns defined by the loan agreement - not by resale of shares.
Repayment is contractual: interest during the term, principal according to the agreed schedule (often monthly interest with principal at maturity).
Risk is tied to the borrower's ability to pay and to any collateral documented for that specific campaign.
Money flow
From investment order to repayment
A simplified view of the investor journey on a typical campaign. The campaign documents define the binding details.
Verify your profile
Before investing, you complete registration plus KYC and AML checks required by financial-sector rules.
Place an investment order
Choose a campaign, review its documents, and invest from the minimum ticket shown on that campaign. You have a four-calendar-day reflection period to revoke without penalty.
Funds move through BCR
Investor money moves through the BCR payment infrastructure. If the campaign reaches its target and documents are completed, the loan is granted; if not, funds are returned to your wallet.
Developer repays investors
Interest and principal are paid in EUR according to the repayment schedule. You track credits in your wallet and can reinvest available balances.
Returns
How you get paid
Campaign pages show the expected annual return and the repayment mechanics. These are targets, not guarantees - always read the loan documents for the binding terms.
Monthly interest is the common case
Many projects pay interest every month while the principal remains outstanding until maturity or another date defined in the contract.
Principal follows the agreed schedule
Some structures repay principal gradually; others use a bullet repayment at the end of the term. The campaign documents specify which applies.
Platform fee and tax handling
Progressive Interest campaigns have no investor platform fee. Existing fixed-return contracts retain their agreed terms, which may include the earlier 0.2% monthly administration fee. Tax withholding depends on investor type, tax residency, and the applicable rules shown in your reports.
Typical structure
Interest
Paid monthly to investors
Principal
Often at maturity (bullet)
Currency
EUR
Late payment & recovery
What happens if the developer does not pay on time
Contracts define the escalation path. stock.estate monitors repayments and applies the agreed remedies - including penal interest and, on secured projects, collateral enforcement.
01
Missed due date
If the borrower does not pay within five business days after the due date, contractual late-payment mechanics can start.
02
Penal interest (dobanda penalizatoare)
Penal interest equals the contractual remunerative interest rate plus two percentage points, calculated from the day after the due date until the account is debited with the overdue amount. Investors receive it without extra formalities.
03
Payment priority on partial funds
If available funds are insufficient, payments are applied first to penal interest, then remunerative interest, and finally principal - unless the contract specifies otherwise for secured enforcement scenarios.
04
Collateral enforcement
On secured campaigns, the collateral agent can enforce the mortgage or other guarantees, liquidate collateral if needed, and use debt-collection procedures within the limits set by law and the contract.
Penal interest is contractual, not optional
The penal interest rule is embedded in the loan contract so late payment has an immediate economic consequence for the borrower. It does not replace principal repayment and does not mean recovery is instant - but it is one of the tools investors have while the situation is being resolved.
Why investors use it
Practical advantages of real estate crowdlending
Project-level choice
You select individual developers and deals instead of buying a blind pool product.
Fixed EUR interest rates
Each loan contract states a fixed annual interest rate in EUR, which you see before you invest.
Collateral on secured campaigns
For projects listed since the second half of 2025, the standard structure is a registered mortgage in favor of investors, commonly targeted at 150% of the loan amount.
Limits
Risks you should keep in mind
Crowdlending can offer attractive yields, but it is not a savings account.
Delay, partial recovery, or total loss remain possible even on secured projects.
Returns depend on the specific campaign; platform statistics show historical outcomes, not a promise for future deals.
Crowdfunding investments are not covered by deposit-guarantee or investor-compensation schemes. Consider your ability to bear losses and avoid concentrating your investments in one project.
Ready to go deeper?
Read the crowdlending FAQ for mechanics, review the fees page for current charges, or check platform statistics for historical repayment data.
