Projects list

Array of plots Loo tee, Kasteheina tee, Ristiku tee, Elu tee, Pärnu city, Estonia (1 stage)

Project finished

Amount of funding 130 000 €

LTV 50%

Annual interest rate 12.00% - 13.50%

Total expected project return 18.00% - 20.25%

Loan period

18 mo.

Risk

B (medium)

Purpose of the loan

Development loan

Collateral Real estate pledge

Country

Estonia

Investors 238

Raised:
130 000 € Goal:
130 000 €

100.00%

Project updates

Possible loan repay delay

2024-08-11

The debtor has informed of a possible delay in repaying the loan.

Period paid

2024-08-11

The debtor has paid interest for the period 2024-08-02. Payment delay days: 4.

Possible period delay

2024-08-05

The debtor has informed you of the possible delay in interest payment.

Notification of breach of payment obligation

2024-08-03

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-08-02

Debtor sent a reminder about the upcoming deadline for payment

Last chance to move your investment

2024-07-31

This is the last opportunity to transfer your investment in this project, if you have not already done so. You can do this by logging into your account and clicking on the "Move" button. Once you have moved your investment, the interest will not stop accruing! If you do not wish to transfer your investment, then no action is required. Happy investing! Nordstreet team

Period paid

2024-07-30

The debtor has paid interest for the period 2024-07-15. Payment delay days: 15.

About the possibility of transferring your investment

2024-07-25

Please note that you still have the opportunity to transfer your investment to an extension if you have not done so already. The extension includes an increased interest rate and a valid promo code. If you wish to transfer your investment in this project, you can log in to your account and click on the "Transfer" button to transfer your investment to the extension of this phase. Once the investment has been transferred, the interest does not stop accruing! If you do not wish to move your investment, no further action is required. Have a good investment! Nordstreet team

About the possibility of transferring your investment

2024-07-23

The borrower needs an additional 16 months to complete the project and is therefore announcing the refinancing of an existing loan maturing on 02/08/2024. The refinancing includes an increased interest rate and a promo code valid for this project. If you wish to keep your investment in this project, you can log in to your account and transfer your investment to the extension of this phase by clicking on the "Transfer" button. Once the investment has been transferred, the interest calculation does not stop! If you do not wish to move your investment, no action is required. Have a good investment! Nordstreet team

Possible period delay

2024-07-18

The debtor has informed you of the possible delay in interest payment.

Notification of breach of payment obligation

2024-07-16

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-07-15

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-06-17

The debtor has paid interest for the period 2024-06-15. Payment delay days: 2.

Notification of breach of payment obligation

2024-06-16

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-06-15

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-05-15

The debtor has paid interest for the period 2024-05-15.

Reminder about the upcoming deadline

2024-05-15

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-04-16

The debtor has paid interest for the period 2024-04-15.

Notification of breach of payment obligation

2024-04-16

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-04-15

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-03-15

The debtor has paid interest for the period 2024-03-15.

Period paid

2024-02-14

The debtor has paid interest for the period 2024-02-15.

Period paid

2024-01-15

The debtor has paid interest for the period 2024-01-15.

Period paid

2023-12-18

The debtor has paid interest for the period 2023-12-15. Payment delay days: 3.

Notification of breach of payment obligation

2023-12-16

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-12-15

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-11-14

The debtor has paid interest for the period 2023-11-15.

Period paid

2023-11-13

The debtor has paid interest for the period 2023-11-09.

Period paid

2023-10-13

The debtor has paid interest for the period 2023-10-15.

Period paid

2023-09-14

The debtor has paid interest for the period 2023-09-15.

Period paid

2023-08-16

The debtor has paid interest for the period 2023-08-15.

Period paid

2023-07-18

The debtor has paid interest for the period 2023-07-15.

Notification of breach of payment obligation

2023-07-16

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-07-15

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-06-22

The debtor has paid interest for the period 2023-06-15. Payment delay days: 7.

Possible period delay

2023-06-19

The debtor has informed you of the possible delay in interest payment.

Notification of breach of payment obligation

2023-06-16

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-06-15

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-05-03

The debtor has paid interest for the period 2023-05-15.

Period paid

2023-05-03

The debtor has paid interest for the period 2023-05-15.

Period paid

2023-04-14

The debtor has paid interest for the period 2023-04-15.

Period paid

2023-03-16

The debtor has paid interest for the period 2023-03-15.

Reminder about the upcoming deadline

2023-03-15

Debtor sent a reminder about the upcoming deadline for payment

Business loan terms

About the loan

Purpose of the loan To increase the company's working capital

Amount of funding 130 000 €

LTV 50 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 18 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Funding requires amount of € 263 500 which be funded in 2 stages. The loan funds will be used for the construction of 21 single apartments in the project Meshihaina tee street 6, Pernu city, Estonia.

The loan can be refinanced in other financial institution, from income of real estate sales or from company's capital.

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 12 %
Investing from 1 000.00 € - fixed interest 12.25 %
Investing from 3 000.00 € - fixed interest 12.5 %
Investing from 9 000.00 € - fixed interest 12.75 %
Investing from 10 000.00 € - fixed interest 13 %
Investing from 15 000.00 € - fixed interest 13.5 %

The Interest on the Loan Amount shall be calculated from and including the date of disbursement of the Loan Amount to the Debtor's Account or to such other account (or accounts) as notified by the Debtor to the Operator in writing prior to the disbursement of the Loan Amount.

Loan term and repayment

Loan period 18 mo.

Minimum loan period 0 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2023-02-15

Estimated loan repayment date:* 2024-08-02

If the Debtor repays the Loan earlier than after the specified minimum loan period, it undertakes to pay interest to the Lender for the entire specified minimum period.

* The loan is planned to be repaid by the end of the project term from the expected growing income of the company, increasing profits, sale of assets or refinancing of the loan.

Procedure for disputes between parties to a financing transaction

The investor has the right to withdraw their investment within 96 hours from the submission of the money lending proposal on the platform

Debtor

Company title LTD Erel trading group

Company code 12216805

Company registration address

Valukoja 8 Tallinn Estonia 1

Company website http://www.leonardogolf.ee/

Erel Trading Group LTD, engaged in real estate contracting, purchasing, sales and development. Registred capital 0,6 mln EUR. Shareholders AS Erel group (396 000 capital ownership), Faustini Europe SA (60 000 EUR capital ownership), osauhing Alminger (24 000 EUR capital ownership), OU Drevor investments (120 000 EUR capital ownership). Currently company is developing real estate projects, some of them are on sale. Company is specialized in residential real estate development (apartments, villas, etc). Company's total assets over 6 million EUR, equity ratio is more than 35%. Real estate selling price is approx. 1 800 - 2 100 EUR with VAT.

The company's financial indicators based on 2021 financial statements:

Sales revenue - EUR 1,310,125;
Net profit - EUR 512,635;
Equity - EUR 2,492,159;
Total assets - EUR 6,008,793.

Loan protection collateral

Loan collateral:

The firs real estate pledge - mortgage:

Land plot, address Loo tee 1, Pärnu, registration number 3928306, plot 1468 m2, property value - 54,000 EUR;
Land plot, address Loo tee 3, Pärnu, registration number 3927206, plot 1547 m2, property value - 54,000 EUR;
Land plot, address Loo tee 5, Pärnu, registration number 3925106, plot 1641 m2, property value - 57,000 EUR;
Land plot, address Loo tee 13, Pärnu, registration number 3925606, plot 1604 m2, property value - 56,000 EUR;
Land plot, address Kasteheina tee 9, Pärnu, registration number 3926906, plot 1130 m2, property value - 41,000 EUR;
Land plot, address Kasteheina tee 11, Pärnu, registration number 3925206, plot 1223 m2, property value - 45,000 EUR;
Land plot, address Ristiku tee 9, Pärnu registration number 3924306, plot 1379 m2, property value - 50,000 EUR;
Land plot at Elu tee 22, Pärnu, registration number 3926206, plot 1503 m2, property value - 52,000 EUR;
Land plot, address Elu tee 34, Pärnu, registration number 3924906, plot 2100 m2, property value - 73,000 EUR;
Land plot, address Elu tee 36a, Pärnu, registration number 3912006, plot 1226 m2, property value - 45,000 EUR.

Value of mortgaged property: € 527 000.

About Leonardo Golf Village, the location of the property:

The Leonardo Golf Village is a one of a kind project in Pärnu. It consists of 10 apartment buildings and 69 private houses. It is located in a rapidly developing area and constitutes one of the most notable new developments in Pärnu. Everything you need for life is at your fingertips. The Leonardo Golf Village offers the solution for a new lifestyle, a unique location in the midst of greenery and quite; bus stop 50 m, kindergarten and supermarket 300 m, golf track and beach 500m.

Strengths and risks

Strengths:

The borrower made payments on time and without delay. (current loan at Nordstreet)
The first order of real estate pledge - mortgage.

Weaknesses:

Borrower 's activities are in a competitive sector.
In 2020, due to the quarantine introduced caused by Covid - 19, the company had a loss.

Possibilities:

The annual interest rate payable by the borrower is 12.00-13.50%.

Threats:

Uncertain economic situation.
Rising cost of building materials.

Documents

#	File name	File type	Actions
1	435-11~1.PDF

Important

Nordstreet takes the following measures to ensure a safer investment:

The loan to value ratio of the project will not exceed the LTV ratio provided in the project description, including in cases when the project will be financed in stages.
If the required amount of funding is not collected before the start of the project, all investments will be returned to the investors. Upon application by the Debtor, the financing may be considered to have been successfully completed with a smaller amount collected, the financing of the project may be divided into several stages and / or the financing period of the project may be extended. In these cases, Nordstreet informs the funders and publishes the information on the completion of the project with a smaller amount, the division of the project funding into several stages or the extension of the project funding period on its website together with other information about the project.
By investing in a project, financiers acquire rights of recourse (claim rights). Nordstreet may provide the financiers with the possibility to transfer these claim rights to other users of the platform on the Secondary Market in accordance with the User Terms.
The activities of UAB Nordstreet are supervised by the Bank of Lithuania and UAB Nordstreet is included on the Public List of Operators of Crowdfunding Financing Platforms administered by the Bank of Lithuania.

About the loan

Purpose of the loan To increase the company's working capital

Amount of funding 130 000 €

LTV 50 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 18 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

The loan can be refinanced in other financial institution, from income of real estate sales or from company's capital.

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 12 %
Investing from 1 000.00 € - fixed interest 12.25 %
Investing from 3 000.00 € - fixed interest 12.5 %
Investing from 9 000.00 € - fixed interest 12.75 %
Investing from 10 000.00 € - fixed interest 13 %
Investing from 15 000.00 € - fixed interest 13.5 %

Loan term and repayment

Loan period 18 mo.

Minimum loan period 0 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2023-02-15

Estimated loan repayment date:* 2024-08-02

If the Debtor repays the Loan earlier than after the specified minimum loan period, it undertakes to pay interest to the Lender for the entire specified minimum period.

* The loan is planned to be repaid by the end of the project term from the expected growing income of the company, increasing profits, sale of assets or refinancing of the loan.

Procedure for disputes between parties to a financing transaction

The investor has the right to withdraw their investment within 96 hours from the submission of the money lending proposal on the platform

Loan protection collateral

Collateral

Real estate pledge

Property type

Residential

Mortgage rank

First order mortgage

LTV

50%

Documentation

Asset Valuation Report

Report preparation date

2022-12-05

Assessor

OÜ Kinnisvarabüroo Uus Maa

Loan collateral:

The firs real estate pledge - mortgage:

Land plot, address Loo tee 1, Pärnu, registration number 3928306, plot 1468 m2, property value - 54,000 EUR;
Land plot, address Loo tee 3, Pärnu, registration number 3927206, plot 1547 m2, property value - 54,000 EUR;
Land plot, address Loo tee 5, Pärnu, registration number 3925106, plot 1641 m2, property value - 57,000 EUR;
Land plot, address Loo tee 13, Pärnu, registration number 3925606, plot 1604 m2, property value - 56,000 EUR;
Land plot, address Kasteheina tee 9, Pärnu, registration number 3926906, plot 1130 m2, property value - 41,000 EUR;
Land plot, address Kasteheina tee 11, Pärnu, registration number 3925206, plot 1223 m2, property value - 45,000 EUR;
Land plot, address Ristiku tee 9, Pärnu registration number 3924306, plot 1379 m2, property value - 50,000 EUR;
Land plot at Elu tee 22, Pärnu, registration number 3926206, plot 1503 m2, property value - 52,000 EUR;
Land plot, address Elu tee 34, Pärnu, registration number 3924906, plot 2100 m2, property value - 73,000 EUR;
Land plot, address Elu tee 36a, Pärnu, registration number 3912006, plot 1226 m2, property value - 45,000 EUR.

Value of mortgaged property: € 527 000.

About Leonardo Golf Village, the location of the property:

Project updates

Possible loan repay delay

2024-08-11

The debtor has informed of a possible delay in repaying the loan.

Period paid

2024-08-11

The debtor has paid interest for the period 2024-08-02. Payment delay days: 4.

Possible period delay

2024-08-05

The debtor has informed you of the possible delay in interest payment.

Notification of breach of payment obligation

2024-08-03

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-08-02

Debtor sent a reminder about the upcoming deadline for payment

Last chance to move your investment

2024-07-31

Period paid

2024-07-30

The debtor has paid interest for the period 2024-07-15. Payment delay days: 15.

About the possibility of transferring your investment

2024-07-25

About the possibility of transferring your investment

2024-07-23

Possible period delay

2024-07-18

The debtor has informed you of the possible delay in interest payment.

Notification of breach of payment obligation

2024-07-16

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-07-15

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-06-17

The debtor has paid interest for the period 2024-06-15. Payment delay days: 2.

Notification of breach of payment obligation

2024-06-16

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-06-15

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-05-15

The debtor has paid interest for the period 2024-05-15.

Reminder about the upcoming deadline

2024-05-15

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-04-16

The debtor has paid interest for the period 2024-04-15.

Notification of breach of payment obligation

2024-04-16

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-04-15

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-03-15

The debtor has paid interest for the period 2024-03-15.

Period paid

2024-02-14

The debtor has paid interest for the period 2024-02-15.

Period paid

2024-01-15

The debtor has paid interest for the period 2024-01-15.

Period paid

2023-12-18

The debtor has paid interest for the period 2023-12-15. Payment delay days: 3.

Notification of breach of payment obligation

2023-12-16

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-12-15

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-11-14

The debtor has paid interest for the period 2023-11-15.

Period paid

2023-11-13

The debtor has paid interest for the period 2023-11-09.

Period paid

2023-10-13

The debtor has paid interest for the period 2023-10-15.

Period paid

2023-09-14

The debtor has paid interest for the period 2023-09-15.

Period paid

2023-08-16

The debtor has paid interest for the period 2023-08-15.

Period paid

2023-07-18

The debtor has paid interest for the period 2023-07-15.

Notification of breach of payment obligation

2023-07-16

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-07-15

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-06-22

The debtor has paid interest for the period 2023-06-15. Payment delay days: 7.

Possible period delay

2023-06-19

The debtor has informed you of the possible delay in interest payment.

Notification of breach of payment obligation

2023-06-16

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-06-15

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-05-03

The debtor has paid interest for the period 2023-05-15.

Period paid

2023-05-03

The debtor has paid interest for the period 2023-05-15.

Period paid

2023-04-14

The debtor has paid interest for the period 2023-04-15.

Period paid

2023-03-16

The debtor has paid interest for the period 2023-03-15.

Reminder about the upcoming deadline

2023-03-15

Debtor sent a reminder about the upcoming deadline for payment

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Array of plots Loo tee, Kasteheina tee, Ristiku tee, Elu tee, Pärnu city, Estonia (1 stage)

About the loan

Investment from 100.00 €.

Interest

Annual interest rate

Loan term and repayment

Strengths:

Weaknesses:

Possibilities:

Threats:

Nordstreet takes the following measures to ensure a safer investment:

About the loan

Investment from 100.00 €.

Interest

Annual interest rate

Loan term and repayment

Loan protection collateral

Debtor

Strengths and risks

Strengths:

Weaknesses:

Possibilities:

Threats:

Documents

Nordstreet takes the following measures to ensure a safer investment:

Project updates

Secondary market

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Array of plots Loo tee, Kasteheina tee, Ristiku tee, Elu tee, Pärnu city, Estonia (1 stage)

Please register or sign in to access this information.

About the loan

Investment from 100.00 €.

Interest

Annual interest rate

Loan term and repayment

Strengths:

Weaknesses:

Possibilities:

Threats:

Nordstreet takes the following measures to ensure a safer investment:

Please register or sign in to access this information.

About the loan

Investment from 100.00 €.

Interest

Annual interest rate

Loan term and repayment

Loan protection collateral

Debtor

Strengths and risks

Strengths:

Weaknesses:

Possibilities:

Threats:

Documents

Nordstreet takes the following measures to ensure a safer investment:

Project updates

Secondary market

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Quarter "Asiūklės parkas" (developed by "Lapino namai") ​​Riešės mun., Vilnius d., Lithuania (3 stage)

Bistryčios st. 27, Vilnius, Lithuania (6 stage)

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