We are supervised by
Buy to let project V. Šopeno str. 1B-26 (Purchase)
Amount of funding
134 000 €
Expected rental yield
Up to 6.86%
Fixed interest rate
6.00%
Loan period
36 mo.
Risk
A (low)
Purpose of the loan
Buy-to-let
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
327
Raised:
134 000 € Goal:
134 000 €
134 000 € Goal:
134 000 €
100.00%
| # | File name | File type | Actions |
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| 1 | UAB_Sopeno_1B_Vilnius_V_Sopeno_g_1B-26_A-23-01-11-ARB42.pdf |
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| 2 | Sopeno 26 BTL LT.pdf |
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| 3 | Sopeno 26 BTL EN.pdf |
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| 4 | 2023-06 results LT-EN.pdf |
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| 5 | 2023-07 results LT-EN.pdf |
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| 6 | 2023-08 results LT-EN.pdf |
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| 7 | 2023-09 results LT-EN.pdf |
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| 8 | 2023-10 results LT-EN.pdf |
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| 9 | 2023-11 results LT-EN.pdf |
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| 10 | 2023-12 results LT-EN.pdf |
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| 11 | 2024-01 results LT-EN.pdf |
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| 12 | 2024-02 results LT-EN.pdf |
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| 13 | 2024-03 results LT-EN.pdf |
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| 14 | 2024-04 results LT-EN.pdf |
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About the loan
Purpose of the loan
Buy to let
Amount of funding
134 000 €
Risk
A (low)
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
Nordstreet introduces another buy-to-let property offering (English: "Buy to Let"), which allows platform members to finance real estate for rent and earn from the increase in property value after the sale of the property!
In 2021 on November 30, the first "Buy to Let" project initiated by "Nordstreet" started: 4 new and modernly equipped apartments in the center of Riga, Latvia. They have already started successfully generating returns for investors! Find out all the details about this project HERE
IMPORTANT TO MENTION: If the rental price or occupancy statistics exceed Houseys' historical data during the lease term, all the surplus profit generated by the lease (minus administrative expenses) will go to the investors of the Nordstreet platform!
You can find a detailed presentation of the project in the "Documents" section.
Payment schedule is not applicable for this project. The interest generated by the project depends on the accommodation of the properties. It is planned to start renting the premises April 01, 2023. The first interest payment (after deducting administrative costs) will be paid to project investors on 2023-05-20. Payments are made for the results generated during the previous month. Subsequent interest payments will be made on the 15th of each month. The return of the project (based on historical data) can be found in the project description in the section “Business loan terms”.
Detailed breakdown of project returns:
The average annual interest rate of the project is 6,86 % + 1.83% expected annual property appreciation. This figure is based on accommodation and rental price data provided by Houseys. If the apartments are not occupied at all, investors will receive a fixed annual interest rate of 6%.
Real estate capital appreciation and its split:
If at the end of the project term (after 36 months) the value of the apartments (RE) will be higher than the purchase price, the project investors will receive 50% of the real estate appreciation value (price increase) after sales tax. This additional yield is not included in the annual interest rate of 6,86%. The real estate price growth can significantly increase the overall profitability of the project for investors!
Share of rental income (100% of rental income is allocated to investors):
Interest will start to be calculated when the property is pledged in favor of the investors.
Distribution of capital gains:
- For investors: 50%
- Nordstreet: 50%
If the borrower sells the property at a higher price than it was acquired, the capital gain will be distributed in the above proportion. Amount will be divided after deducting taxes related to the sale of assets.
We present carefully selected projects on the NORDSTREET platform, but we point out that when investing you risk losing part or all of the invested funds. Invest wisely. You can familiarize yourself with the risks here.
Investment from 100.00 €.
Interest
Annual interest rate
- Investing from 100.00 € - fixed interest 6 %
- Expected investment yield to - 6.86%
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:*
2023-06-06
Estimated loan repayment date:*
2026-06-06
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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With Nordstreet everyone can become an investor! Register now and start investing!
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Annual interest rate
13% - 14%
- Investors 138
- LTV 31%
- Risk group B (medium)
- Months 24
- Collateral Real estate pledge
Latvia
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.
Teatra str. 9, Jurmala, Latvia
Raised:
283 200 € Goal:
283 200 €
283 200 € Goal:
283 200 €
100%
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- Average return 12.72%
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