We are supervised by
Aukštaičių st. 85, Panevėžys, Lithuania (2 stage)
Amount of funding
50 000 €
LTV
44%
Annual interest rate
12.00%
Total expected project return
12.00%
Loan period
12 mo.
Risk
B (medium)
Purpose of the loan
Development loan
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
146
Raised:
50 000 € Goal:
50 000 €
50 000 € Goal:
50 000 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | RC - UAB Prekybos centras Puriena - Parduotuvė Panevėžys, Aukštaičių g. 85 neįkeistas.pdf |
|
|
| 2 | Turto vertinimo ataskaita Rožių g. 74, Panevėžys.pdf |
|
About the loan
Purpose of the loan
Real estate development
Amount of funding
50 000 €
LTV
44 %
Risk
B (medium)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
12 mo.
Minimum loan period
4 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
First order mortgage
Amount allocated by project owner
100 000.00 €
Purpose of the loan
An amount of EUR 200,000 is required for financing, which will be collected in two stages. UAB Prekybos centras "Puriena" buys a building - a shop, located at Aukštaičių st. 85, Panevėžys. Part of the loan (100,000 EUR) will be used for the final settlement with the seller of the property, the other part of the loan (100,000 EUR) will be used for the repair of the purchased shop (required simple repairs) and other real estate improvements. The loan will be repaid by refinancing it at another financial institution or from the sale of the property and/or from the company's income. The amount that the project owner himself allocates to the project is EUR 100,000.
About the project
UAB Prekybos centras "Puriena" bought a building - a shop, whose address is Aukštaičių st. 85, Panevėžys, unique No. 2797-9000-6013, total area 396.30 sq. m, main purpose of use - trade, completion - 100% (first 6 photos). The notarial purchase-sale transaction has already been concluded and the property rights have been registered in the name of UAB Prekybos centras "Puriena", but for the final settlement with the seller, financing of EUR 100,000 is required.
After the settlement with the seller, investments will be started in the improvements of the purchased store (the property needs simple repairs) to make it attractive to potential end buyers carrying out trade activities. The planned repair and improvement costs of the store are EUR 100,000.
The interest will be paid from the rental income received by the company. Repayment of the loan from the sale of the purchased property (planned sales income - EUR 300,000 - EUR 350,000) or by refinancing the loan in another financial institution or from other company income.
More about the project (see Documents).
Investment from 100.00 €.
Interest
Annual interest rate
- Investing from 100.00 € - fixed interest 12 %
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
12 mo.
Minimum loan period
4 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2023-11-08
Estimated loan repayment date:*
2024-10-09
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
Latest loans
With Nordstreet everyone can become an investor! Register now and start investing!
-
Annual interest rate
16% - 16%
- Investors 43
- LTV 0%
- Risk group B (medium)
- Months 24
- Collateral Guarantees / surety
Lithuania
Fully invested
The status indicates that the necessary funds have been raised to finance the loan, but the transaction has not yet taken place and is currently in the process of fulfilling the loan disbursement conditions (mortgage etc). At this
stage, the interest does not count. Interest starts to run after the loan is paid to the debtor and the project
status changes to "Processing". By default, fulfillment takes 2-3 weeks.
Business loan #00337 (2 stage)
Raised:
12 000 € Goal:
12 000 €
12 000 € Goal:
12 000 €
100%
Need a Business Development Loan?
Grow your business faster! Getting a business loan secured through mortgage is much easier and faster with Nordstreet.
Why apply to Nordstreet for a business loan?
- Advertising and comfortable returns
- Speed and your choice when to return the loan
- Competence and simplicity
Success
Warning
- Invest from 50.00 €
- Average return 12.72%
- Exclusive investment offers
- Property backedloans
