How it works
Ordinary people funding real homes — through a company, not a deed
Each home sits in its own property company. You fund the company, by lending to it or holding its notes, and the company owns, refurbishes and lets the home.
The structure
Where the money goes, and how it comes back
Gold shows money going in; green shows income coming back. Switch between the two offer types.
Investor
Enters from €100 through an authorised payment partner
Notes
Profit-participating notes, recorded on Raya Chain
Property company
One SPV per home; holds legal title
Home
Vacant home refurbished and let
Illustrative. In a live service, money would move only through an authorised payment or custody partner — never through Meithera. Nothing moves in this demonstration.
Ownership, precisely
What you own vs what the company owns
Blockchain-based fractional ownership of property companies — not of houses.
You hold
- Notes (Stage 2) or a loan participation (Stage 1) issued by the property company
- A right to a share of net rental income, or to fixed interest and repayment
- A vote on selling the home at the end of the holding period (Stage 2, proposed)
- A pseudonymous holding recorded on Raya Chain, mirroring the official register
The property company holds
- Legal title to the home
- The tenancy, insurance, maintenance and compliance obligations
- The bank account that receives rent, run by an authorised partner
- The contracts with builders, managers and service providers
- You do not own part of the house
- You cannot live in or use the home
- A token is a record of a holding — not title to property
Two ways in
Secured loan or rent share
Both carry the same fees: 1.5% one-off acquisition fee and 0.5% annual administration fee. Both pay monthly. Both can lose money.
| Stage 1 · Lending Secured loan | Stage 2 · Rent share Rent share | |
|---|---|---|
| What you hold | A share of one secured loan | Notes in the company that owns the home |
| Income | Fixed interest, paid monthly | Share of net rent, paid monthly |
| Term | 12–24 months | 5–8 years (indicative) |
| Security | First legal charge over the home | No charge — you share in the company’s results |
| Upside if values rise | None — interest is fixed | Share of sale proceeds (after costs) |
| Main risks | Borrower default, delay, enforcement | Vacancy, costs, valuation, long hold |
| Exit | Repaid at maturity | Vote on sale; ECSPR bulletin board before then |
| Legal basis (proposed) | ECSPR, via a licensed partner | ECSPR, subject to structure review |
The lifecycle
From vacant to lived-in
- 01
Find
A vacant or derelict home is sourced, surveyed and costed. Its passport begins on Raya Chain.
- 02
Fund
Investors complete onboarding and a knowledge test, read the key information sheet and wait out a 4-day reflection period.
- 03
Refurbish
Works are milestone-tracked; contingency is held for overruns; the energy rating is re-certified.
- 04
Let
The home is let on a standard residential tenancy, managed by a professional property manager.
- 05
Pay out
Monthly interest or net rent goes to holders, net of fees, each payment recorded on the chain.
- 06
Exit
Loans are repaid at maturity. Rent-share holders vote on a sale — or, at Stage 3, the tenant buys them out.
Property investments involve risk, including possible loss of capital. Returns are not guaranteed and investments may be illiquid.