Nordstreet guarantees safe investment - (I) The ratio of project to LTV (loan to value) will not exceed the LTV ratio provided in the project description if the project will be funded in stages; (II) If the required financing amount is not obtained, all investments will be returned to the investees.
The object of the loan is residential premises - residential apartment, located in Naujamiestis eldership, which will be a guarantee for the necessary financing - to refinance the available loan.
The amount of the loan is EUR 220,000 (two hundred and twenty thousand euros).
Loan term 12 months.
The annual return on investment is 11%.
Project return on investment (total period) 11%.
Loan pledged property is a residential apartment with a market value of EUR 380,000 (three hundred and eighty thousand euros).
LTV (loan-to-value) ratio is 58%.
The interest on the loan is calculated from the date of the financing of the fully collected project and paid monthly.
The loan is repaid by the sale of the pledged property, the income of the company or the refinancing of the loan before the project deadline.