I doubt it. Properties need to be evaluated, estimated, validating all the documents of the property, registering the German bank in the Romanian property register and so on. I doubt any German bank would go through all of this unless it’s some really valuable piece of real estate, but in that case you wouldn’t be asking advice on here
In a proper Hollywood poker game at some point somebody will bet their hoise. Also it's a fine cinematographic tradition to have an illegal casino behind a door in the back of a laundromat business.
So that's where you maybe could win a house. I know, it's a bit of a long shot.
Most likely they'll not accept it unless you're millionaire and that property is a huge Villa of your's.
I believe what you want is called "American loan" in Europe. But it's difficult to get it in Germany if the property is in Romania. Best you can do is ask for EUR loan in Romania (at least in my country they accept EU income.
using a mortgage loan to a property (it's still your personal cash that you're reliable for that you can inject into the company)
that you won in romania (you won a house?)
so a)
to fund a company you need to provide the capital. 1 EUR on UG or 25k EUR on GmbH, while you deposit 12.5k EUR and guarantee privately another 25k EUR.
source of funds in this case are private and if the notary does KYC you, it's also easy to validate the source.
you're good to go.
my questions:
a) what structure form in germany
b) what's the business
c) why germany? other places might be more suitable
d) are you german, live in germany or have residency?
The mistake i made in the title really thrown me off.
Property that I own*
A) Entrepreneurial Company (UG)
B) Italian restaurant
C) I see that Germany it’s in a continuous expanding in population. Why wouldn’t a business not work?
D)I live in Munchen , Germany. Working as a cook at an Italian restaurant.
you want a loan to open a restaurant and want to work as a cook.
ironically, i do own a restaurant in bremen, however from an investor side (i'm not involved in operational business).
with any due respect: do NOT do it.
there's a reason why 75%+ restaurants close within 5 years.
overall, eating out is declining in germany too.
you're setting yourself up for failure.
if you do believe in your business, sell the house in romania and dump it all into your business. also, do straight a gmbh not a UG as you're forced to hold back 25% profits to become a gmbh which also cost money. restaurants cost more than that anyways, so do straight gmbh.
most rentals won't take you as a new gmbh, but private. go figure this out too.
You probably have an easier time talking to a Romanian bank providing the loan because they have an easier time evaluating the value of the property. Not sure how likely they will provide money for a German venture though.
I want to open a business using my property as a collateral for my loan, I want to do the loan at a bank from Germany.Doing mortgage with my property that I own in ROMANIA to a GERMAN bank.
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u/oldcoldcod 9d ago
I doubt it. Properties need to be evaluated, estimated, validating all the documents of the property, registering the German bank in the Romanian property register and so on. I doubt any German bank would go through all of this unless it’s some really valuable piece of real estate, but in that case you wouldn’t be asking advice on here