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Array of plots Loo tee, Ristiku tee, Elu tee, Pärnu city, Estonia (2 stage)
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
Estonia
Investors
134
Raised:
100 500 € Goal:
100 500 €
100 500 € Goal:
100 500 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | 435-11~1.PDF |
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| 2 | PIID (2 etapas).pdf |
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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
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