White Paper v1.2 · December 2025

Carpathian Cabins

Romania's First Net-Zero Micro-Resort.
High-Yield. Asset-Backed. Sustainable.

Target Raise

€1,184,000

Annual Coupon

10%

Maturity

5 Years

DSCR

2.57×

01 — OVERVIEW

Executive Summary

Carpathian Cabins is Romania's first Net-Zero micro-resort—9 premium units built with Biobuilds robotic prefabrication and Passive House certification. Reversible screw foundations and 40kWp solar ensure minimal environmental impact. Capital raised via Security Token Offering (STO) backed by real estate.

10%

Annual Coupon

2.57×

DSCR

5 Yrs

Maturity

02 — MARKET

Problem

Travelers want sustainability but get greenwashed traditional builds. Investors need inflation-beating yields without crypto volatility.

Solution

True Net-Zero (we produce what we consume). 90% heating/cooling cost reduction. Tokenized fractional ownership from €1,000.

03 — TECHNOLOGY

Biobuilds Construction

Robotic prefab with millimeter precision. 350mm Passive House walls. HRV/HVAC air filtration. Superior durability.

Amenities

7× Duo units (24m²) + 2× Family units (48m²), all with Jacuzzi terraces. Yakisugi sauna & wellness. 40kWp solar PV.

04 — FINANCIALS

Sources & Uses — Total CAPEX €1,534,000

Sources

Source	Amount	%
Sponsors' Equity	€350,000	22.8%
STO Bonds	€1,184,000	77.2%
Total	€1,534,000	100%

Uses

Use	Amount
Land	€120,000
Modules	€638,200
Logistics & Assembly	€60,000
SPA & Wellness	€105,000
Decks & Terraces	€76,800
Interiors (FF&E)	€176,000
Solar PV	€29,000
Site Development	€31,000
Soft Costs	€105,000
Reserves & DSRA	€92,000

Projected Returns

62%

Y1 Occupancy

€200–350

ADR

~€305k

Y1 NOI

Strategic partnership with Porumbacu Garden (90%+ occupancy, 2-year payback on Biobuilds units) validates projections and ensures professional operations.

05 — TOKEN OFFERING

STO Terms

IssuerCarpathian Cabins SRL

TypeCorporate Bond

Allocation€1,184,000

Coupon10% p.a. (Quarterly)

Maturity5 Years

Minimum€1,000

Security: Real estate collateral (land + structures), DSRA reserve fund, full insurance coverage.

06 — ROADMAP

Phase 1

Land acquired · Architecture complete · Production slot secured · €350k equity deployed

Phase 2

STO launch · Off-site manufacturing · Screw foundations (Months 1–3)

Phase 3

Module transport · Crane assembly · Utilities & PV install (Month 4)

Phase 4

Soft opening · First coupon accrual (Month 6)

07 — ESG

E

Environmental

Net-Zero, reversible foundations, carbon-sequestering materials

S

Social

Local community engagement, slow tourism

G

Governance

Blockchain transparency, quarterly reports

This document is for informational purposes only and does not constitute financial advice or an offer to sell securities where unlawful. Figures are estimates.