Investment risks

The Investor acknowledges that it fully understands and assumes the risks associated with the investment in crowdfunding projects, some of which are summarized below in a non-exhaustive manner. Investment in crowdfunding projects entails risks, including the risk of partial or entire loss of the money invested.

The Investor’s investment is not covered by the deposit guarantee established in accordance with Directive 2014/49/EU of the European Parliament and of the Council on deposit guarantee schemes or the related provisions of Romanian law.

The Investor’s investment is not covered by the investor compensation schemes established in accordance with Directive 97/9/EC of the European Parliament and of the Council on investor-compensation schemes or the related provisions of Romanian law. An investment in a crowdfunding project includes the risk of losing all the invested capital.

There is a risk that the Investor will not receive any repayment of his investment (he will not receive all or part of the interest from the loan contract from the Project Developer, or even that the loan granted to the Project Developer will not be repaid at all).

Participation in Fundraising is not a saving product and Stock.estate advises the Investor not to invest more than 10% of his or her net income in crowdfunding projects.

The Investor may not be able to sell the investment instruments when he wishes. Even if the Investor is able to sell them, he may still be subject to losses. In this regard, the Investor may not be able to sell/transfer the receivables from the loan contracts when he wishes. And even if he can assign/transfer them, the Investor may still be subject to losses because he may not be able to assign them at a price equal to the entire value of the loans.

Taking into consideration the nature of the commercial companies, please note that there may be limited information - financial, operating or otherwise - regarding the Project Developer. There is a risk that: (i) there are facts or circumstances pertaining to the Project Developer that the Investor is not aware of, and (ii) publicly available information and information on the Platform concerning the Project Developer may prove to be inaccurate and, as a result, the Investor may suffer a partial or complete loss of the investment.

Stock.estate does not independently verify information about the Project Developer, except for legal checks, and does not approve any investment initiation. Stock. estate does not recommend direct or indirect investments. Although Stock.estate evaluates the potential of real estate projects and the potential of project developers to determine which real estate projects will be available as potential investments for the Platform members, this evaluation does not constitute an approval or recommendation that the Investor should invest in a particular real estate project and does not establish an advisory relationship between Stock.estate and the Investor.

Stock.estate shall not be liable for the past, present or future performance or non-performance of the Project Developer. In particular, Stock.estate is not responsible for the information in the Project Developer's KIIS.

The Investor should consult his/ her own legal, tax, investment and financial advisers regarding the suitability, desirability, and appropriateness of participating in the Fundraising. Stock.estate does not advise the Investor on the merits of his/ her investment or provide any other advisory services to the Investor.

Investments in real estate projects involve significant risks and are suitable only for investors who are able to assess and bear these risks, who have a limited need for liquidity in their investments and who can afford the complete loss of the investment. Investments in real estate projects have a high risk of failure. In return for its investment, the Investor may ultimately receive cash, in the foreclosure proceeding or bankruptcy of the Project Developer, or may receive nothing.

Stock.estate does not guarantee the future performance or financial results of the Project Developer. Therefore, the Investor must bear the economic risk of the investment.

The Investor will receive every other time when it will be the necessary only information about the real estate project (such information may include the progress of the works, if the real estate project has not yet been handed over yet, financial reports, the most important actions taken, communication with the Project Developer, the non-repayment rates of the loans, if the case). The Investor will not receive ongoing information about the value or appraisal of the real estate asset, and the Investor understands and agrees that any such appraisal information would, in any event, be of limited reliability and use.

The Investor will not have the ownership right over the real estate asset, but he will have a right of claim /receivable against the Project Developer arising from the loan granted to the Project Developer. Therefore, the Investor will not be able to sell the real estate asset/s related to the real estate project.

The Fundraising, the information from the Project Developer's KIIS or any other documents related to the Investor's participation in Fundraising has not been verified or approved by Romanian or European authorities.

The Investor's education and knowledge have not necessarily been assessed before the Investor is granted access to Fundraising. By making this investment, regardless of the knowledge tests for entry access or the simulation of the ability to bear losses that may be available on the Platform, the Investor assumes a high risk in making the investment, including the risk of partial or total loss of invested money.

STOCKESTATE CROWDFUNDING S.R.L. is licensed by the Romanian Financial Supervisory Authority (ASF), under the number PJR28FSFPR/400002, since 29.08.2023, as per the register of crowdfunding service providers of the European Securities and Market Authority (ESMA).

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All investments involve risks, including loss of invested capital, lack of liquidity, and non-reimbursement on loans, partially or integrally. It is an appropriate investment only for investors able to assess and bear the risks presented above. Before investing, please read the risks of investments warning, and also all the clauses of the loan agreement, which will be provided to you for the campaign in question. Stock.estate Platform is not responsible for the information provided by the project developers, even if it is provided by or through Stock.estate. Stock.estate does not provide you any other advisory services. The decision to invest is entirely yours. We recommend that you consult specialized advisers if you need support in evaluating your investment decision. The messages and documentation you receive from Stock.estate or project developers have not been verified or approved by Romanian or European authorities.