Projects list

Array of plots Niidu tee, Loo tee, Kasteheina tee, Ristiku tee, Elu tee, Pernu city, Estonia

Project finished

Amount of funding 245 000 €

LTV 50%

Annual interest rate 11.75% - 12.75%

Total expected project return 13.70% - 14.87%

Loan period

14 mo.

Risk

B (medium)

Purpose of the loan

Bridge loan

Collateral Real estate pledge

Country

Estonia

Investors 294

Raised:
245 000 € Goal:
245 000 €

100.00%

Project updates

Loan repaid

2023-04-15

The debtor has repaid the loan. Duration of loan 408 d.

Period paid

2023-01-13

The debtor has paid interest for the period 2023-01-12.

Period paid

2022-12-30

The debtor has paid interest for the period 2023-01-01.

Period paid

2022-12-02

The debtor has paid interest for the period 2022-12-01.

Reminder about the upcoming deadline

2022-12-01

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-11-03

The debtor has paid interest for the period 2022-11-01.

Notification of breach of payment obligation

2022-11-02

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2022-11-01

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-10-04

The debtor has paid interest for the period 2022-10-01.

Notification of breach of payment obligation

2022-10-02

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2022-10-01

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-09-01

The debtor has paid interest for the period 2022-09-01.

Reminder about the upcoming deadline

2022-09-01

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-07-25

The debtor has paid interest for the period 2022-07-25.

Period paid

2022-07-25

The debtor has paid interest for the period 2022-08-01.

Period paid

2022-07-20

The debtor has paid interest for the period 2022-07-01. Payment delay days: 19.

Possible period delay

2022-07-18

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

Notification of breach of payment obligation

2022-07-15

A reminder of breach of payment was sent to the Debtor

Period paid

2022-07-08

The debtor has paid interest for the period 2022-06-01. Payment delay days: 34.

Notification of breach of payment obligation

2022-07-08

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2022-07-03

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2022-07-01

Debtor sent a reminder about the upcoming deadline for payment

Possible period delay

2022-06-03

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

Notification of breach of payment obligation

2022-06-02

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2022-06-01

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-04-25

The debtor has paid interest for the period 2022-05-01.

Period paid

2022-03-28

The debtor has paid interest for the period 2022-04-01.

Period paid

2022-03-03

The debtor has paid interest for the period 2022-03-01. Payment delay days: 2.

Possible period delay

2022-03-03

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

Notification of breach of payment obligation

2022-03-02

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2022-03-01

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-02-04

The debtor has paid interest for the period 2022-02-01. Payment delay days: 2.

Possible period delay

2022-02-02

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

Reminder about the upcoming deadline

2022-02-01

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-01-03

The debtor has paid interest for the period 2022-01-01.

Possible period delay

2022-01-03

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

Notification of breach of payment obligation

2022-01-02

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2022-01-01

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 245 000 €

LTV 50 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 14 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Changing loan information:

Loan amount - EUR 174,000;
The value of the pledged property is EUR 371,000;
LTV - 49%

The purpose of the loan is reduced to EUR 174,000. The collected amount of EUR 71,000 will be returned to investors. The borrower sells the following 4 plots, for this reason is reduced amount of the loan, the value of the mortgaged property and LTV.

1468 m2 plot of land at Elu tee 28, Pärnu, registration number 3927706.
1598 m2 plot of land at Elu tee 26, Pärnu, registration number 3924406.
1661 m2 plot of land at Elu tee 24, Pärnu, registration number 3924606.
940 m2 plot of land at Elu tee 36, Pärnu, registration number 3928506.

Funding requires an amount of € 245 000, which can be split into two stages and the funds raised for funding will be used to meet contractual obligations on the current creditor, as well as for increasing company capital. This decision will give the borrower time to sell the assets under current market price, meet existing obligations and complete preparations for the sale of the assets.

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 11.75 %
Investing from 1 000.00 € - fixed interest 12 %
Investing from 3 000.00 € - fixed interest 12.25 %
Investing from 9 000.00 € - fixed interest 12.5 %
Investing from 15 000.00 € - fixed interest 12.75 %

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 14 mo.

Minimum loan period 0 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2021-12-01

Estimated loan repayment date:* 2023-01-12

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.

Loan protection collateral

Pledged property:

1143 m2 size land plot at Niidu tee 10, Pärnu city, registration number 3925006.
1136 m2 size land plot at Niidu tee 14, Pärnu city, registration number 3926006.
1641 m2 size land plot at Loo tee 5, Pärnu city, registration numbers 3925106.
1604 m2 size land plot at Loo tee 13, Pärnu city, registration number 3925606.
1130 m2 size land plot at Kasteheina tee 9, Pärnu city, registration numbers 3926906.
1223 m2 size land plot at Kasteheina tee 11, Pärnu city, registration number 3925206.
1379 m2 size land plot at Ristiku tee 9, Pärnu city, registration number 3924306.
1503 m2 size land plot at Elu tee 22, Pärnu city, registration number 3926206.
2100 m2 size land plot at Elu tee 34, Pärnu city, registration number 3924906.
1226 m2 size land plot at Elu tee 36a, Pärnu city, registration number 3912006.
1468 m2 size land plot at Elu tee 28, Pärnu city, registration number 3927706.
1598 m2 size land plot at Elu tee 26, Pärnu city, registration number 3924406.
1661 m2 size land plot at Elu tee 24, Pärnu city, registration number 3924606.
940 m2 size land plot at Elu tee 36, Pärnu city, registration number 3928506.
1547 m2 size land plot at Loo tee 3, Pärnu city, registration number 3927206.
1468 m2 size land plot at Loo tee 1, Pärnu city, registration number 3928306.

Value of mortgaged property: € 491 000

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.
The project is near the end.

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 11.75-12.75%.

Threats:

Loan refinancing.
Rising cost of building materials.

Documents

#	File name	File type	Actions
1	219-0521GS+ Leonardo Golf elamurajooni kinnistud+ Papsaare küla+Pärnu linn+ Pärnu mk.pdf
2	Leonardo Village Golf land plots evaluations 2019_145-0419GS+ Leondardo Golf Village+Papsaare küla+Audru vald+ Pärnu mk_0.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 245 000 €

LTV 50 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 14 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Changing loan information:

Loan amount - EUR 174,000;
The value of the pledged property is EUR 371,000;
LTV - 49%

1468 m2 plot of land at Elu tee 28, Pärnu, registration number 3927706.
1598 m2 plot of land at Elu tee 26, Pärnu, registration number 3924406.
1661 m2 plot of land at Elu tee 24, Pärnu, registration number 3924606.
940 m2 plot of land at Elu tee 36, Pärnu, registration number 3928506.

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 11.75 %
Investing from 1 000.00 € - fixed interest 12 %
Investing from 3 000.00 € - fixed interest 12.25 %
Investing from 9 000.00 € - fixed interest 12.5 %
Investing from 15 000.00 € - fixed interest 12.75 %

Loan term and repayment

Loan period 14 mo.

Minimum loan period 0 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2021-12-01

Estimated loan repayment date:* 2023-01-12

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

2021-05-19

Assessor

UAB LVM Kinnisvara

Pledged property:

1143 m2 size land plot at Niidu tee 10, Pärnu city, registration number 3925006.
1136 m2 size land plot at Niidu tee 14, Pärnu city, registration number 3926006.
1641 m2 size land plot at Loo tee 5, Pärnu city, registration numbers 3925106.
1604 m2 size land plot at Loo tee 13, Pärnu city, registration number 3925606.
1130 m2 size land plot at Kasteheina tee 9, Pärnu city, registration numbers 3926906.
1223 m2 size land plot at Kasteheina tee 11, Pärnu city, registration number 3925206.
1379 m2 size land plot at Ristiku tee 9, Pärnu city, registration number 3924306.
1503 m2 size land plot at Elu tee 22, Pärnu city, registration number 3926206.
2100 m2 size land plot at Elu tee 34, Pärnu city, registration number 3924906.
1226 m2 size land plot at Elu tee 36a, Pärnu city, registration number 3912006.
1468 m2 size land plot at Elu tee 28, Pärnu city, registration number 3927706.
1598 m2 size land plot at Elu tee 26, Pärnu city, registration number 3924406.
1661 m2 size land plot at Elu tee 24, Pärnu city, registration number 3924606.
940 m2 size land plot at Elu tee 36, Pärnu city, registration number 3928506.
1547 m2 size land plot at Loo tee 3, Pärnu city, registration number 3927206.
1468 m2 size land plot at Loo tee 1, Pärnu city, registration number 3928306.

Value of mortgaged property: € 491 000

About Leonardo Golf Village, the location of the property:

Project updates

Loan repaid

2023-04-15

The debtor has repaid the loan. Duration of loan 408 d.

Period paid

2023-01-13

The debtor has paid interest for the period 2023-01-12.

Period paid

2022-12-30

The debtor has paid interest for the period 2023-01-01.

Period paid

2022-12-02

The debtor has paid interest for the period 2022-12-01.

Reminder about the upcoming deadline

2022-12-01

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-11-03

The debtor has paid interest for the period 2022-11-01.

Notification of breach of payment obligation

2022-11-02

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2022-11-01

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-10-04

The debtor has paid interest for the period 2022-10-01.

Notification of breach of payment obligation

2022-10-02

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2022-10-01

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-09-01

The debtor has paid interest for the period 2022-09-01.

Reminder about the upcoming deadline

2022-09-01

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-07-25

The debtor has paid interest for the period 2022-07-25.

Period paid

2022-07-25

The debtor has paid interest for the period 2022-08-01.

Period paid

2022-07-20

The debtor has paid interest for the period 2022-07-01. Payment delay days: 19.

Possible period delay

2022-07-18

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

Notification of breach of payment obligation

2022-07-15

A reminder of breach of payment was sent to the Debtor

Period paid

2022-07-08

The debtor has paid interest for the period 2022-06-01. Payment delay days: 34.

Notification of breach of payment obligation

2022-07-08

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2022-07-03

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2022-07-01

Debtor sent a reminder about the upcoming deadline for payment

Possible period delay

2022-06-03

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

Notification of breach of payment obligation

2022-06-02

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2022-06-01

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-04-25

The debtor has paid interest for the period 2022-05-01.

Period paid

2022-03-28

The debtor has paid interest for the period 2022-04-01.

Period paid

2022-03-03

The debtor has paid interest for the period 2022-03-01. Payment delay days: 2.

Possible period delay

2022-03-03

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

Notification of breach of payment obligation

2022-03-02

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2022-03-01

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-02-04

The debtor has paid interest for the period 2022-02-01. Payment delay days: 2.

Possible period delay

2022-02-02

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

Reminder about the upcoming deadline

2022-02-01

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-01-03

The debtor has paid interest for the period 2022-01-01.

Possible period delay

2022-01-03

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

Notification of breach of payment obligation

2022-01-02

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2022-01-01

Debtor sent a reminder about the upcoming deadline for payment

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27 200 €

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Investors 13
LTV 60%
Risk group C (higher)
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Collateral Real estate pledge

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Collateral Real estate pledge

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Investors 98
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Collateral Real estate pledge

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Lubānas st. 133A, Riga, Latvia (6 stage)

Raised:
138 930 € Goal:
138 930 €

100%

Annual interest rate
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Investors 30
LTV 60%
Risk group B (medium)
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Collateral Real estate pledge

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Business loan #00349 (2 stage)

Raised:
20 000 € Goal:
20 000 €

100%

Annual interest rate
17% - 17%
Investors 74
LTV 0%
Risk group B (medium)
Months 36
Collateral Guarantees / surety

Details

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Array of plots Niidu tee, Loo tee, Kasteheina tee, Ristiku tee, Elu tee, Pernu city, Estonia

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

Polocko st. 30, Vilnius, Lithuania (8 stage)

Lubānas st. 133A, Riga, Latvia (6 stage)

Business loan #00349 (2 stage)

Need a Business Development Loan?

News

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Array of plots Niidu tee, Loo tee, Kasteheina tee, Ristiku tee, Elu tee, Pernu city, Estonia

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

Latest loans

Pramonės st. 21, Statikų vil., Deltuva, Ukmergės d. mun., Lithuania (5 stage)

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

Polocko st. 30, Vilnius, Lithuania (8 stage)

Lubānas st. 133A, Riga, Latvia (6 stage)

Business loan #00349 (2 stage)

Need a Business Development Loan?

News

Join the Nordstreet investor community!

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