Projects list

Array of plots Loo tee, Ristiku tee, Elu tee, Pärnu city, Estonia (2 stage)

Processing

Amount of funding 100 500 €

LTV 50%

Annual interest rate 12.50% - 14.00%

Total expected project return 16.66% - 18.66%

Loan period

16 mo.

Risk

B (medium)

Purpose of the loan

Refinancing

Collateral Real estate pledge

Country

Estonia

Investors 134

Raised:
100 500 € Goal:
100 500 €

100.00%

Secondary market

Project title	Interest	Until the expected end of the loan	Investment size	Price	Bonus/ discount	Offer valid until
Array of plots Loo tee, Ristiku tee, Elu tee, Pärnu city, Estonia (2 stage)	12.50 %	350 d.	150.00 €	155.80 €	3.87 %	2024-12-23	View offer Details

Project updates

Period paid

2024-12-09

The debtor has paid interest for the period 2024-12-09.

Period paid

2024-11-11

The debtor has paid interest for the period 2024-11-09.

Reminder about the upcoming deadline

2024-11-09

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-10-15

The debtor has paid interest for the period 2024-10-09. Payment delay days: 5.

Reminder about the upcoming deadline

2024-10-09

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-09-10

The debtor has paid interest for the period 2024-09-09.

Reminder about the upcoming deadline

2024-09-09

Debtor sent a reminder about the upcoming deadline for payment

Business loan terms

About the loan

Purpose of the loan Loan refinancing

Amount of funding 100 500 €

LTV 50 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 16 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Amount allocated by project owner 230 000.00 €

The amount of 220,500 euros is required for financing, which will be divided into 2 stages. The loan will be used to refinance an existing loan, thus the borrower will use the loan for an additional 16 months.

The loan will be repaid from the sale of residential land plots owned by the borrower. The sale of plots has already started, several plots have been sold, negotiations are still ongoing for several, the main sales are planned for the spring and summer of 2025. The company constantly sells plots of land in this array of plots, the sale prices in the open market fully correspond to the market values determined by appraisers. The loan can also be refinanced at another financial institution or repaid from other company income.

We inform you that the employees of UAB Nordstreet (company code 304565690) are investing in this project.

Investment from 50.00 €.

Interest

Annual interest rate

Investing from 50.00 € - fixed interest 12.5 %
Investing from 1 000.00 € - fixed interest 12.75 %
Investing from 3 000.00 € - fixed interest 13 %
Investing from 9 000.00 € - fixed interest 13.25 %
Investing from 10 000.00 € - fixed interest 13.5 %
Investing from 15 000.00 € - fixed interest 14 %

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 16 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2024-08-09

Estimated loan repayment date:* 2025-12-06

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 the development, purchase - sale and development of real estate. The registered capital of the company is 0.6 million euro. Shareholders AS Erel group (share of capital EUR 396,000), Faustini Europe SA (share of capital EUR 60,000), osauhing Alminger (capital share of EUR 24,000), OU Drevor investments (capital share of EUR 120,000). The company develops several projects and specializes in residential construction (villas, low-rise construction). The company's sales revenue in 2023 was EUR 513,723, equity capital 2,554,826 EUR, total value of available assets EUR 5,654,957.

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 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: € 441 000.

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 first order of real estate pledge - mortgage.

Weaknesses:

Borrower 's activities are in a competitive sector.
The company is operating at a loss.

Possibilities:

The annual interest rate payable by the borrower is 12.50-14.00%.

Threats:

Uncertain economic situation.
Loan refinancing.
Rising cost of building materials.

Documents

#	File name	File type	Actions
1	435-11~1.PDF
2	PIID (2 etapas).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 Loan refinancing

Amount of funding 100 500 €

LTV 50 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 16 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Amount allocated by project owner 230 000.00 €

We inform you that the employees of UAB Nordstreet (company code 304565690) are investing in this project.

Investment from 50.00 €.

Interest

Annual interest rate

Investing from 50.00 € - fixed interest 12.5 %
Investing from 1 000.00 € - fixed interest 12.75 %
Investing from 3 000.00 € - fixed interest 13 %
Investing from 9 000.00 € - fixed interest 13.25 %
Investing from 10 000.00 € - fixed interest 13.5 %
Investing from 15 000.00 € - fixed interest 14 %

Loan term and repayment

Loan period 16 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2024-08-09

Estimated loan repayment date:* 2025-12-06

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 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: € 441 000.

About Leonardo Golf Village, the location of the property:

Project title	Interest	Until the expected end of the loan	Investment size	Price	Bonus/ discount	Offer valid until
Array of plots Loo tee, Ristiku tee, Elu tee, Pärnu city, Estonia (2 stage)	12.50 %	350 d.	150.00 €	155.80 €	3.87 %	2025-01-06	View offer Details

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Array of plots Loo tee, Ristiku tee, Elu tee, Pärnu city, Estonia (2 stage)

About the loan

We inform you that the employees of UAB Nordstreet (company code 304565690) are investing in this project.

Investment from 50.00 €.

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

We inform you that the employees of UAB Nordstreet (company code 304565690) are investing in this project.

Investment from 50.00 €.

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

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Array of plots Loo tee, Ristiku tee, Elu tee, Pärnu city, Estonia (2 stage)

Please register or sign in to access this information.

About the loan

We inform you that the employees of UAB Nordstreet (company code 304565690) are investing in this project.

Investment from 50.00 €.

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

We inform you that the employees of UAB Nordstreet (company code 304565690) are investing in this project.

Investment from 50.00 €.

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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Bistryčios st. 27, Vilnius, Lithuania (1 stage)

Business loan #00342

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Join the Nordstreet investor community!