Projects list

Birželio str. 23, Dainava, Kaunas

Project cancelled

Amount of funding 230 000 €

LTV 70%

Annual interest rate 9.00%

Total expected project return 27.00%

Loan period

36 mo.

Risk

B (medium)

Purpose of the loan

Development loan

Collateral Real estate pledge

Country

Lithuania

Investors 0

Raised:
0 € Goal:
230 000 €

0.00%

How much will I earn if I invest:

Investment size

100.00 €

230 000.00 €

With this project in one month I will earn

€

After 12 months I will earn

€

After 36 months i will earn

€

* This calculator is exemplary and provides approximate results. Please note that the actual earnings may differ from the results provided by the calculator

Business loan terms

About the loan

Amount of funding 230 000 €

LTV 70 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 36 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 9 %

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 36 mo.

Minimum loan period 0 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2018-12-09

Estimated loan repayment date:* 2021-12-09

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

Debtor

Company registration address

M. Valančiaus g. 7 7 Vilnius Lietuva 03158

Closed Joint-Stock Company "Renegus", has experience in various real estate residential and commercial projects. The company is engaged in the real estate development, administration and sales process and specializes in the renovation of unfurnished, non-residential premises or buildings.

The team works with the best representatives of its class, developers, investors, who have a wealth of background knowledge and understanding. This year, the company successfully participated in 11 real estate transactions, including commercial and residential property.

Loan protection collateral

Value of existing real estate (building and land): 328 000 Eur
The cost of construction development, which requires financing: 230 000 Eur
Loan maturity: 36 months (with early repayment date)
Interest 9% (annualy)
Loan to value ratio: 70%

The interest on the loan is repaid each month from the rental income of a mortgage lumber house, which in a month amounts to 2600 + VAT.

The loan is returned at the end of the project, when the project is sold as an investment or after refinancing.

Loan collateral
First-rate real estate mortgage - Mortgage.
The value of the property is 328,000 Eur

Investment project expected period:

Project start: 2018 12 09

Project development, administration and supervision: 2018 12 10 - 2021 12 10 (3 years)

Deadline for the planned sale of the project with a 7.5% return: 2021 11 10 (alternative refinancing of the project)

Expected end of project: 2021 12 01

Strengths and risks

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 230 000 €

LTV 70 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 36 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 9 %

Loan term and repayment

Loan period 36 mo.

Minimum loan period 0 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2018-12-09

Estimated loan repayment date:* 2021-12-09

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

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Collateral Real estate pledge

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Collateral Real estate pledge

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Collateral Guarantees / surety

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LTV 0%
Risk group C (higher)
Months 24
Collateral Guarantees / surety

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Business loan #00337 (2 stage)

Raised:
12 000 € Goal:
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100%

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LTV 0%
Risk group B (medium)
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Collateral Guarantees / surety

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Birželio str. 23, Dainava, Kaunas

How much will I earn if I invest:

With this project in one month I will earn

€

After 12 months I will earn

€

After 36 months i will earn

€

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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Birželio str. 23, Dainava, Kaunas

How much will I earn if I invest:

With this project in one month I will earn

€

After 12 months I will earn

€

After 36 months i will earn

€

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

Rožių st. 74, Panevėžys, Lithuania (3 stage)

Dovinės 18-oji str. 6, Liudvinavo vil., Marijampolės mun., Lithuania (1 stage)

Lubānas g. 133A, Riga, Latvia (3 stage)

Business loan #00340

Business loan #00328

Business loan #00337 (2 stage)

Need a Business Development Loan?

News

Join the Nordstreet investor community!