Loan
The financing requires an amount of € 215,000, which will be used to free up the company's capital and working capital, for the development and redemption of the real estate project.
Loan collateral
Mortgage of the first line of existing real estate - Mortgage.
The loan will be repaid from the sale of the company's development assets, current and future profits or after refinancing the loan.
Investment risk: A (low)
LTV: 45%
Pledged property: Land plots - for other, administrative and production object territory purposes (one of the plots with a construction permit), the area of which is 1.14 hectares, located at Vilniaus str.36A ir 38, Putiniškės, Vilnius district.
Value of mortgaged property: € 473,000
Interest:
- When investing from 100 € - interest 13.5%
- When investing from 5,000 € - interest 14%
- When investing from € 12,500 - interest 14.5%
- When investing from 25,000 € - interest 15%
Loan term
15 months (with the possibility of repayment earlier, but not earlier than after a period of 6 months).
If the Borrower repays the Loan amount or a part thereof earlier than 6 months after the due date of 15 months, it undertakes to pay interest to the Lender for a period of 6 months. After a period of 6 months, the Borrower may repay the loan (together with the applicable interest) without any additional fees.
By investing in a project, financiers acquire claim rights. Nordstreet does not make it possible to transfer these acquired claim rights to other persons on its platform.
Company loan repayment period
Estimated start date of the loan: 2020 06 08
Expected repayment date of the loan: 2021 06 01 - 2021 08 01