Projects list

Bangų str.8, Palanga, Lithuania

Project finished

Amount of funding 240 000 €

LTV 57%

Annual interest rate 12.00% - 13.50%

Total expected project return 13.00% - 14.62%

Loan period

13 mo.

Risk

B (medium)

Purpose of the loan

Development loan

Collateral Real estate pledge

Country

Lithuania

Investors 175

Raised:
240 000 € Goal:
240 000 €

100.00%

Project updates

Possible period delay

2021-09-27

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

Period paid

2021-08-30

The debtor has paid interest for the period 2021-09-04.

Period paid

2021-08-06

The debtor has paid interest for the period 2021-08-06.

Period paid

2021-07-21

The debtor has paid interest for the period 2021-08-04.

Notification of breach of payment obligation

2021-07-21

A reminder of breach of payment was sent to the Debtor

Period paid

2021-07-15

The debtor has paid interest for the period 2021-08-04.

Period paid

2021-07-05

The debtor has paid interest for the period 2021-07-04.

Notification of breach of payment obligation

2021-07-05

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2021-07-04

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-06-17

The debtor has paid interest for the period 2021-06-17.

Period paid

2021-06-01

The debtor has paid interest for the period 2021-06-01.

Period paid

2021-05-25

The debtor has paid interest for the period 2021-06-04.

Period paid

2021-05-13

The debtor has paid interest for the period 2021-05-13.

Period paid

2021-05-07

The debtor has paid interest for the period 2021-05-07.

Period paid

2021-05-03

The debtor has paid interest for the period 2021-05-04.

Part return

2021-04-23

The debtor has made a partial repayment of the loan. Amount Refunded: 70000 €.

Period paid

2021-04-01

The debtor has paid interest for the period 2021-04-04.

Period paid

2021-03-04

The debtor has paid interest for the period 2021-03-04.

Period paid

2021-02-02

The debtor has paid interest for the period 2021-02-04.

Period paid

2020-12-30

The debtor has paid interest for the period 2021-01-04.

Period paid

2020-12-03

The debtor has paid interest for the period 2020-12-04.

Period paid

2020-10-30

The debtor has paid interest for the period 2020-11-04.

Period paid

2020-10-01

The debtor has paid interest for the period 2020-10-04.

Period paid

2020-09-04

The debtor has paid interest for the period 2020-09-04.

Business loan terms

About the loan

Amount of funding 240 000 €

LTV 57 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 13 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 12 %
Investing from 20 000.00 € - fixed interest 13.5 %
Investing from 5 000.00 € - fixed interest 12.5 %
Investing from 10 000.00 € - fixed interest 13 %

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 13 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2020-08-04

Estimated loan repayment date:* 2021-09-04

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 UAB Denotė

Company registration address

Bangų g. 8 Palanga Lietuva LT00148

The developer of the project is UAB "Denotė", which is the owner of the property, and the new shareholders of the company specialize in the preparation of investment projects, their management, object search, development and sale. The company's shareholders and managers have developed successful real estate projects both in Vilnius and abroad in other cities and abroad. Below is a list of projects in Lithuania that were developed or participated in by the administration and owners of this project:

- Panerių st. conversion of warehouse premises into a multi-apartment residential building with administrative premises.

- Administrative building, Daugėliškio str. investment project preparation and management.

- Holiday home repair. investment project management and sales. Mokyklos street, Palanga.

- Administrative building Kauno str. investment project preparation and management.

- Wojska g. 18, Mrzeżyn Town, Gryfice County, Poland. (project funded on Nordstreet platform)

- Other real estate projects, their maintenance and administration in Vilnius, Naujamiestis and Senamestis. In Nemenčinė and Trakai.

Loan protection collateral

Loan

Funding requires an amount of € 240,000, which will be used for the renovation of the building and premises, and the development of the real estate project.

Loan collateral

Mortgage of the first line of existing real estate - Mortgage.

The loan will be repaid from the sale of the company's development assets, current and future profits or after refinancing the loan.

Investment risk: B (medium)

LTV: 57%

Pledged property: Part of the building - apartment / room, living rooms with a cafe and basement, other, unique no.2597-50002013: 0007, located at Bangų str.8, Palanga.

Value of mortgaged property: EUR 421,052

Loan term

13 months (with the possibility of repayment earlier, but not earlier than after a period of 4 months).

If the Borrower repays the Loan amount or part thereof earlier than 4 months after the due date of 13 months, he undertakes to pay interest to the Lender for a period of 4 months. After a period of 4 months, the Borrower may repay the loan (together with the applicable interest) without any additional fees.

By investing in a project, financiers acquire claim rights. Nordstreet does not make it possible to transfer these acquired claim rights to other persons on its platform.

Company loan repayment period

Estimated start date of the loan: 2020 07 31

Expected repayment date of the loan: 2020 12 31 - 2021 05 03

Strengths and risks

Documents

#	File name	File type	Actions
1	Bangų g. 8, Palangavaluation.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

Amount of funding 240 000 €

LTV 57 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 13 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 12 %
Investing from 20 000.00 € - fixed interest 13.5 %
Investing from 5 000.00 € - fixed interest 12.5 %
Investing from 10 000.00 € - fixed interest 13 %

Loan term and repayment

Loan period 13 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2020-08-04

Estimated loan repayment date:* 2021-09-04

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

57%

Loan

Funding requires an amount of € 240,000, which will be used for the renovation of the building and premises, and the development of the real estate project.

Loan collateral

Mortgage of the first line of existing real estate - Mortgage.

The loan will be repaid from the sale of the company's development assets, current and future profits or after refinancing the loan.

Investment risk: B (medium)

LTV: 57%

Pledged property: Part of the building - apartment / room, living rooms with a cafe and basement, other, unique no.2597-50002013: 0007, located at Bangų str.8, Palanga.

Value of mortgaged property: EUR 421,052

Loan term

13 months (with the possibility of repayment earlier, but not earlier than after a period of 4 months).

By investing in a project, financiers acquire claim rights. Nordstreet does not make it possible to transfer these acquired claim rights to other persons on its platform.

Company loan repayment period

Estimated start date of the loan: 2020 07 31

Expected repayment date of the loan: 2020 12 31 - 2021 05 03

Project updates

Possible period delay

2021-09-27

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

Period paid

2021-08-30

The debtor has paid interest for the period 2021-09-04.

Period paid

2021-08-06

The debtor has paid interest for the period 2021-08-06.

Period paid

2021-07-21

The debtor has paid interest for the period 2021-08-04.

Notification of breach of payment obligation

2021-07-21

A reminder of breach of payment was sent to the Debtor

Period paid

2021-07-15

The debtor has paid interest for the period 2021-08-04.

Period paid

2021-07-05

The debtor has paid interest for the period 2021-07-04.

Notification of breach of payment obligation

2021-07-05

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2021-07-04

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-06-17

The debtor has paid interest for the period 2021-06-17.

Period paid

2021-06-01

The debtor has paid interest for the period 2021-06-01.

Period paid

2021-05-25

The debtor has paid interest for the period 2021-06-04.

Period paid

2021-05-13

The debtor has paid interest for the period 2021-05-13.

Period paid

2021-05-07

The debtor has paid interest for the period 2021-05-07.

Period paid

2021-05-03

The debtor has paid interest for the period 2021-05-04.

Part return

2021-04-23

The debtor has made a partial repayment of the loan. Amount Refunded: 70000 €.

Period paid

2021-04-01

The debtor has paid interest for the period 2021-04-04.

Period paid

2021-03-04

The debtor has paid interest for the period 2021-03-04.

Period paid

2021-02-02

The debtor has paid interest for the period 2021-02-04.

Period paid

2020-12-30

The debtor has paid interest for the period 2021-01-04.

Period paid

2020-12-03

The debtor has paid interest for the period 2020-12-04.

Period paid

2020-10-30

The debtor has paid interest for the period 2020-11-04.

Period paid

2020-10-01

The debtor has paid interest for the period 2020-10-04.

Period paid

2020-09-04

The debtor has paid interest for the period 2020-09-04.

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Bangų str.8, Palanga, Lithuania

About the loan

Investment from 100.00 €.

Interest

Annual interest rate

Loan term and repayment

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

Documents

Nordstreet takes the following measures to ensure a safer investment:

Project updates

Secondary market

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Bangų str.8, Palanga, Lithuania

Please register or sign in to access this information.

About the loan

Investment from 100.00 €.

Interest

Annual interest rate

Loan term and repayment

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

Documents

Nordstreet takes the following measures to ensure a safer investment:

Project updates

Secondary market

Latest loans

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P. Vileišio st. 18A-19, 20, 21, Vilnius, Lithuania (2 stage)

Lubānas st. 133A, Riga, Latvia (5 stage)

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

Business loan #00342

Teatra str. 9, Jurmala, Latvia

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