Answers in plain language.
What investors ask.
About investments
What am I actually investing in?
A bond issued by Bricks Funding a.s., backed by a portfolio of property companies. Each property is owned by a project company from the issuer's group; the bonds are repaid from rental income, refinancing or the sale of properties.
What is the minimum investment?
€100, i.e. one bond with a nominal value of €100. Above the minimum you invest in €100 increments.
How and when do I receive the return?
By bank transfer to the account you register with us, after deduction of the 15% withholding tax on the interest income (srážková daň z příjmů). We pay the return monthly; you usually receive the first payment about a month after subscription.
Can I sell the bond before maturity?
On each anniversary of the conclusion of the subscription agreement you can ask the issuer to repurchase the bonds; the rules are set by the subscription agreement. The bonds' transferability is not restricted.
What is the difference between the interest income and the IRR?
Interest income is the amount that arrives in your account regularly every month. IRR assumes you reinvest each return at the same rate; it's a useful comparison, but not the amount you actually receive. That's why we show interest income as the main figure.
How are you different from crowdfunding marketplaces?
Marketplaces list loans and participations from many third-party borrowers. Bricks Funding is an indirect owner – every property is in our group's portfolio, sourced and operated by us.
Where does the money from the issue go?
The proceeds of the issue will primarily be used for the renovation of the properties located at Nádražní 616, Tachov and Husova 1828, Louny, through subsidiaries of the issuer. Any surplus may be used by the issuer for the renovation or acquisition of another property.
The company
Who is behind Bricks Funding?
A Czech team that has been operating in Czech real estate since 2018, with ten completed projects to date. The platform launched in 2026 to open the same opportunities to retail investors.
What is the legal structure?
Bricks Funding a.s. (IČ 23960531) is a Czech joint-stock company that issues bonds under the Czech Bonds Act (zákon č. 190/2004 Sb.). Each property is owned by a separate project company.
What if Bricks Funding stops operating?
The project companies continue to own the properties. Administration can be taken over by another entity. Any claims you have rank equally with the issuer's other unsecured creditors and are satisfied from its assets, which include its stakes in the property companies.
Where can I see the financial statements?
The issuer's financial statements are available in the public part of the collection of documents (sbírka listin) maintained by the competent registry court, on justice.cz. Key financial information is in the issue document.
Tax
How is the interest income taxed?
The interest income is subject to 15% withholding tax (srážková daň), which we deduct directly – you receive the net return. Individuals (Czech tax residents) do not declare it in their tax return. Tax treatment depends on individual circumstances.
Risk
What are the main risks?
These are unsecured bonds – they carry the risk of partial or total loss of your investment, and their repayment depends on the issuer's ability to pay.
What protects the bondholders?
These bonds are unsecured, so there is no lien – but the model is built to be prudent: the issuer owns and operates an income-producing property portfolio that generates the rent to service the bonds. In insolvency you rank as an unsecured creditor.
What happens if the issuer becomes insolvent?
Bondholders are unsecured creditors of the issuer – their claims are satisfied from the issuer's assets (including its stakes in the property companies) in the applicable order within insolvency proceedings.
What does “no secondary market” mean for me?
The bonds are not traded on any regulated market, which can make it harder to sell them on to another investor. Their transferability is not restricted, however. On each anniversary of the conclusion of the subscription agreement you can ask the issuer to repurchase the bonds.
What if the euro exchange rate changes?
The bonds are denominated in EUR. An investor accounting in CZK bears the risk of EUR/CZK exchange rate movements and any conversion costs.
What rights does the bond give me?
The right to payment of the yield and repayment of the nominal value; the right to attend and vote at the meeting of bondholders; the right to request early redemption upon an event of default and in other cases under the terms of issuance; the right to request the issuer to repurchase the bonds on each anniversary of the conclusion of the subscription agreement. The issuer may redeem the bonds early by giving at least 30 days' notice and may call upon a bondholder to sell the bonds.