Investment Term, Exit & Liquidity
There is no way to exit an Assukna investment early. Assume your money is committed until the project is sold. This policy explains how long that is likely to be, what has to happen for your capital to come back, and what we can and cannot promise. It should be read with section 3 of our Risk Disclosure.
1. The term of an investment
Each project states its own intended holding period on its project page before you commit, together with the basis on which that period was set. A holding period is an intention, not a commitment: it can be shortened if a good sale arises early, and it can be extended if selling at the intended time would realise a poor price. Property does not sell to a schedule.
Where a project shows a maturity date, that date marks when we expect to begin working towards a sale — not a date on which you are repaid.
2. There is no secondary market and no exit window
We do not operate a secondary market. You cannot list your share for sale, and there is no marketplace on which another investor can buy it from you. We also do not run periodic exit windows, and we do not buy shares back from investors.
We are not able to say when, or whether, either will exist. Any future exit mechanism would require a functioning transfer process for the underlying interest, and that depends on the holding structure described in section 3 of this policy and on our Trust & Legal Centre. We will not describe a mechanism here until it works.
3. Transfers to another person
Your interest is not freely transferable. We may, at our discretion, register a transfer to another person in limited circumstances — for example on death or inheritance, or between family members — where the person receiving it completes registration and identity verification and the underlying documentation permits it. This is handled case by case; it is not a right you can rely on, and it is not a route to selling your share for cash.
4. How money comes back to you
There are two routes, and only two.
Income distributions during the life of a project
Where a property produces net rental income, that income may be distributed to investors in proportion to their share of the project’s all-in capital. Distributions are scheduled per project and may be monthly, quarterly, or annual, or ad hoc. They are calculated after the property’s operating costs and taxes described in our Fee Schedule, and after any amount the project retains as a reserve.
Distributions are not guaranteed. A period may produce no distribution at all — because of vacancy, tenant default, unexpected repair costs, or a decision to retain cash for the property’s benefit. A distribution paid once does not commit us to paying it again.
Return of capital on sale
Your invested capital comes back when the property is sold and the sale proceeds are distributed. It comes back at whatever the property is then worth — which may be more than, the same as, or less than you invested.
5. How a sale is decided
The decision to market and sell a property rests with Assukna as the manager of the project, exercised in good faith and in the interests of investors in that project as a whole. We take account of market conditions, the price achievable, the condition of the property, and the intended holding period.
You do not have a vote on a sale, and you cannot compel one. We will notify investors in a project when a sale process begins and when it completes. Where the per-project investment agreement for a particular project provides for investor consent on specified matters, that agreement governs and will say so.
6. Distribution of sale proceeds
On completion of a sale, proceeds are applied in this order:
- costs of the sale — agency, notarial, registration and transfer costs, and legal costs of the disposal;
- taxes arising on the disposal at the level of the entity holding the property;
- any outstanding liability of the project, including unpaid operating costs;
- the balance to investors, pro rata to each investor’s share of the project’s all-in capital.
Your share is credited to your Platform wallet, from which you may withdraw it subject to the usual verification. We aim to distribute proceeds promptly after completion and settlement of the above; we do not commit to a fixed number of days, because registration and settlement timelines in Lebanon are not within our control.
7. If a project does not fund
A project may fail to reach its funding target, or we may withdraw it before acquisition — for instance if due diligence uncovers a title, structural, or valuation problem. In that case the amount you committed is returned to your Platform wallet in full, with no charge, and you may withdraw it or invest it elsewhere. No interest or compensation is payable for the period your funds were committed.
8. If a project performs badly
A property can be sold at a loss, and a project can end with investors receiving back less than they invested, or in the worst case nothing. There is no guarantee, no capital protection, no insurance covering investment loss, and — because Assukna is not supervised by a financial regulator — no statutory compensation scheme. See Trust & Legal Centre.
9. Your wallet balance is different
Money sitting in your Platform wallet that you have not committed to a project is not locked. You may withdraw it, subject to identity verification and our review of the withdrawal. Wallet balances are not bank deposits, are not insured as bank deposits, and earn no interest.
10. Changes to this policy
We may update this policy. Changes are published here with a revised date. Terms that applied to a project at the time you invested continue to govern that investment. If we introduce an exit mechanism, we will publish how it works, what it costs, and its limits, before it opens.
11. Questions
Ask us at legal@assukna.com before you invest if anything here is unclear. If you are dissatisfied with how we have handled an exit or a distribution, see Complaints & Dispute Resolution.