Purpose of a business loanThe funding required for this phase is EUR 102 500, which will be used for development and construction works of the project.
Loan collateral
First-line mortgage on existing real estate. The loan will be repaid upon sale of the company's development assets, from the company's profits or after refinancing the loan.
Investment risk: C (higher)
LTV: 50%
Pledged property: public recreation land with a total area of 1.0372 ha, located in Mociškės str. 41, Palanga City Municipality, Lithuania.
Value of pledged property: EUR 205 000
Interest:
• When investing from 100 EUR - interest 10.75%
• When investing from EUR 500 - interest 11%
• When investing from 1 500 EUR - interest 11.25%
• When investing from 3 000 EUR - interest 11.5%
• When investing from 9 000 EUR - interest 11.75%
• When investing from 15 000 EUR - interest 12%
To invest larger amounts, contact info@nordstreet.com.
Loan Term
15 months (with the possibility to return the money earlier, but not earlier than after a period of 3 months).
If the borrower repays the loan amount or part of it earlier than 3 months before the 15-month term, he undertakes to pay interest for a period of 3 months. After a period of 3 months, the borrower can repay the loan (with applicable interest) at no extra charge.
Company loan repayment period
Estimated start date of the loan: 2021 06 20
Estimated repayment date of the loan: 2022 03 01 - 2022 04 01