Projects list

Calle MENDEZ NUÑEZ, No 10, Planta, Spain

Amount of funding 85 000 €

LTV 30%

Annual interest rate 12.00% - 13.00%

Total expected project return 12.00% - 12.99%

Loan period

12 mo.

Risk

B (medium)

Purpose of the loan

Loan for acquisition

Collateral Real estate pledge

Country

Spain

Investors 184

Raised:
85 000 € Goal:
85 000 €

100.00%

Secondary market

Project title	Interest	Investment size	Price	Offer valid until
Calle MENDEZ NUÑEZ, No 10, Planta, Spain	12.00 %	100.00 €	100.00 €	2024-12-23	View offer Details
Calle MENDEZ NUÑEZ, No 10, Planta, Spain	12.00 %	1 090.00 €	1 090.00 €	2024-12-27	View offer Details
Calle MENDEZ NUÑEZ, No 10, Planta, Spain	12.00 %	890.00 €	890.00 €	2024-12-27	View offer Details
Calle MENDEZ NUÑEZ, No 10, Planta, Spain	12.00 %	383.00 €	383.00 €	2024-12-28	View offer Details

Project updates

Updating information

2024-12-10

We understand that sometimes our communication pauses can seem long, but we want to assure you that we are doing our best to return your investment and achieve the best results. We continuously monitor the borrower's actions and the overall situation in order to make the best possible decisions. Thank you for your patience and trust.

Infromation update

2024-10-03

We understand your tension and anxiety. But we are silent not because we have forgotten or ignored you, but because the processes we have had to engage in are long and demanding and require effort and patience. At the moment, we rarely update information because we ourselves are waiting for news or changes in circumstances. Unfortunately, there are phases that cannot be accelerated and we have to be patient. Forgive the long silences, but we will update you as soon as we do. Best regards, Nordstreet team.

Payment of recovery costs received

2024-07-03

Payment of recovery costs received: 21.58 €

Information update

2024-01-23

Please be informed that our legal partners in Spain, MB Abogados, have prepared a court application for foreclosure of mortgaged property. The court will have one month before the filing, during which time the mortgage registration will be processed and the necessary pre-collection actions will be carried out, letters sent by registered mail, calls made and emails sent. So far, negotiations with the debtor have not been possible. We will keep you informed about the progress of the process. Regards, Nordstreet team.

The loan has been submitted for recovery

2023-10-03

The agreement was terminated. Initiation of forced execution through the bailiff.

Reminder about the upcoming deadline

2023-08-20

Debtor sent a reminder about the upcoming deadline for payment

Update of information on loan delays

2023-07-10

Communication with the debtor is in progress. A solution is sought to pay the overdue amount. We would also like to remind you that late interest is charged for each day of delay.

Notification of breach of payment obligation

2023-07-04

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2023-06-27

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2023-06-21

A reminder of breach of payment was sent to the Debtor

information update

2023-06-07

Please be informed that in the context of projects in Spain, we have received complaints from several borrowers about the excessive compensatory interest rate provided for in the loan agreement, which is not in line with Spanish legislation. To address these complaints and to establish the objective truth, we turned to our legal and recovery partners. We have received clarification from a law firm in Spain that a rate of 0.4% per day of delayed payment is significantly too high and is considered unfair, and cannot be applied, let alone recovered. According to case law and their interpretations, the interest rate should not exceed 0.025% per overdue day if the borrower or the lender of the collateral is a natural person and 0.05% if the borrower and lender of the collateral is a legal person. The 0.05% compensatory interest rate has been applied in this project in line with the above interpretation and in order to avoid the potential additional costs of challenging this contractual clause in court. We regret any inconvenience this change may cause. Please be informed that Nordstreet's administrative fee calculated on the recovered compensatory interest will not be applied in this project. This change to the contract is implemented in accordance with Clause 13.6 of the General Conditions of the Loan Agreement The legal reportprepared by the law firm is available in the "documents" section of the project. Best regards, Nordstreet team.

Possible period delay

2023-05-24

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

Notification of breach of payment obligation

2023-05-21

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-05-20

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-03-20

The debtor has paid interest for the period 2023-02-20. Payment delay days: 28.

Possible period delay

2023-02-22

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

Notification of breach of payment obligation

2023-02-21

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-02-20

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-12-08

The debtor has paid interest for the period 2022-11-20. Payment delay days: 11.

Possible period delay

2022-11-23

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

Notification of breach of payment obligation

2022-11-21

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2022-11-20

Debtor sent a reminder about the upcoming deadline for payment

Business loan terms

About the loan

Purpose of the loan Investment loan

Amount of funding 85 000 €

LTV 30 %

Risk B (medium)

Payment of interest Once per quarter

Loan repayment At the end of the loan period

Loan period 12 mo.

Minimum loan period 6 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

The financing need on the Nordstreet platform is an amount of EUR 85 000, that will be financed in a single stage

The project is about the acquisition of a complete floor of garage lots to be transformed to 48 storage rooms/warehouses for total revenue for month of 2880 eur

It is located in Castellon city center which are receiving an incrising demand of this type o space for personal or business porpose

Attached is a guarantee with which it could guarantee the operation free of charges and with a rate of 278000 euros, with which we would go to a 30 percent LTV.

The loan will be repaid from sale of the project or refinanced in other financial institution.

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 12 %
Investing from 1 500.00 € - fixed interest 12.25 %
Investing from 3 000.00 € - fixed interest 12.5 %
Investing from 5 000.00 € - fixed interest 12.75 %
Investing from 7 500.00 € - 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 12 mo.

Minimum loan period 6 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2022-08-20

Estimated loan repayment date:* 2023-08-20

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 Desarrollo Castellonense Urbano SL

Company code B12974374

Company registration address

Company website NA

The debtor company is DESARROLLO CASTELLONENSE URBANO, which has been operating in the real estate sector for years and has an excellent financial and credit history.

Total assets of the company in 2021 - 1.631.734 EUR. Equity in assets based on the presented balance sheet as of Y 2021 was 50 percent.

Loan protection collateral

ARQUITASA, SOCIEDAD DE TASACIONES, S.A., REGISTERED IN THE OFFICIAL REGISTER OF THE BANK OF SPAIN UNDER NUMBER 4.404 ON 3 FEBRUARY 1992.

CERTIFIES

That it has issued the valuation report carried out by JUAN JOSE FERNANDEZ LLOPEZ, ARQUITECTO colegiado como técnico facultativo, requested by MANNANPUR SL, referenced with number 2021/005665/04/00 whose wording is in accordance with Order ECO/805/2003, of 27 March, on rules for the valuation of real estate and certain rights for certain financial purposes, published in the B.O.E. of 9 April 2003. Revised by Order EHA/3011/2007, of 4 October 2007, published in the Official State Gazette of 17 October 2007. The appraisal value of the property Completed Annexe Element located at Calle MENDEZ NUÑEZ, No 10, Planta SOTANO, P.k. VARIAS de CASTELLON DE LA PLANA/CASTELLO DE LA PLANA , Castellon, GPS coordinates: latitude 39.981915500 and longitude -0.042169700, has been obtained as a result of applying the Comparison method established in said regulations in accordance with the purpose foreseen as a Mortgage Guarantee for loans subject to Law 2/1981, the registry data corresponding to the following:

The registered owner at the time of the valuation is JUAN LUIS ROJAS MARTOS, all according to the registry documentation available for the valuation.

The property was visited by Francisco Raya Serrano, architect for the last time on 20 October 2021, it is currently in disuse, and as of today, has an ASSESSMENT VALUE amounting to the sum of:

278.275,62 € (TWO HUNDRED AND SEVENTY-EIGHT THOUSAND TWO HUNDRED AND SEVENTY-FIVE EUROS AND SIXTY-TWO

Farm

18871/23 18871/24 18771/25 18871/26 18871/27 18871/30 18871/31 18871/32 18871/33 18871/34 18871/35 18871/36 18871/37 18871/38 18871/39 18871/40 18871/41 18871/42

Designation

Annex Garage

GARAGE PLACE No 23 GARAGE PLACE No 24 GARAGE PLACE No 25 GARAGE PLACE No 26 GARAGE PLACE No 27 GARAGE PLACE No 30 GARAGE PLACE No 31 GARAGE PLACE No 32 GARAGE PLACE No 33 GARAGE PLACE No 34 GARAGE PLACE No 35 GARAGE PLACE No 36 GARAGE PLACE No 36 GARAGE PLACE No 38 GARAGE PLACE No 37 GARAGE PLACE No 40 GARAGE PLACE No 39 GARAGE PLACE No 41 GARAGE PLACE No 41 GARAGE PLACE No 42

S.Util

10,06 m2 10,06 m2 10,06 m2 10,06 m2 10,06 m2 10,06 m2 10,06 m2 10,06 m2 10,06 m2 10,06 m2 10,06 m2 10,06 m2 10,06 m2 10,06 m2 10,06 m2 10,06 m2 10,06 m2 10,06 m2 10,06 m2 10,06 m2 10,06 m2 10,06 m2 10,06 m2 189,24 m2

S.Adopted

26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 483 m2

Value

14.979,64 € 14.979,64 € 14.979,64 € 14.979,64 € 14.979,64 € 14.979,64 € 14.979,64 € 19.012,62 € 19.588,76 € 14. 979,64 € 14.979,64 € 14.979,64 € 14.979,64 € 14.979,64 € 14.979,64 € 14.979,64 € 14.979,64 € 14.979,64 € 278.275,62 €

Strengths and risks

Strengths:

The first order of real estate pledge - mortgage.

Weaknesses:

Borrower 's activities are in a competitive sector.

Possibilities:

The annual interest rate payable by the borrower is 12.00-13.00%.

Threats:

Uncertain economic situation.
Property is in development stage.
Rising cost of building materials.

Documents

#	File name	File type	Actions
1	202100566504_ARCH.pdf
2	7522 23_Legal_report.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 Investment loan

Amount of funding 85 000 €

LTV 30 %

Risk B (medium)

Payment of interest Once per quarter

Loan repayment At the end of the loan period

Loan period 12 mo.

Minimum loan period 6 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

The financing need on the Nordstreet platform is an amount of EUR 85 000, that will be financed in a single stage

The project is about the acquisition of a complete floor of garage lots to be transformed to 48 storage rooms/warehouses for total revenue for month of 2880 eur

It is located in Castellon city center which are receiving an incrising demand of this type o space for personal or business porpose

Attached is a guarantee with which it could guarantee the operation free of charges and with a rate of 278000 euros, with which we would go to a 30 percent LTV.

The loan will be repaid from sale of the project or refinanced in other financial institution.

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 12 %
Investing from 1 500.00 € - fixed interest 12.25 %
Investing from 3 000.00 € - fixed interest 12.5 %
Investing from 5 000.00 € - fixed interest 12.75 %
Investing from 7 500.00 € - fixed interest 13 %

Loan term and repayment

Loan period 12 mo.

Minimum loan period 6 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2022-08-20

Estimated loan repayment date:* 2023-08-20

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

Storage

Mortgage rank

First order mortgage

LTV

30%

Documentation

Asset Valuation Report

Report preparation date

2021-10-21

Assessor

Arquitasa Sociedad de Tasación S.A.

ARQUITASA, SOCIEDAD DE TASACIONES, S.A., REGISTERED IN THE OFFICIAL REGISTER OF THE BANK OF SPAIN UNDER NUMBER 4.404 ON 3 FEBRUARY 1992.

CERTIFIES

The registered owner at the time of the valuation is JUAN LUIS ROJAS MARTOS, all according to the registry documentation available for the valuation.

The property was visited by Francisco Raya Serrano, architect for the last time on 20 October 2021, it is currently in disuse, and as of today, has an ASSESSMENT VALUE amounting to the sum of:

278.275,62 € (TWO HUNDRED AND SEVENTY-EIGHT THOUSAND TWO HUNDRED AND SEVENTY-FIVE EUROS AND SIXTY-TWO

Farm

18871/23 18871/24 18771/25 18871/26 18871/27 18871/30 18871/31 18871/32 18871/33 18871/34 18871/35 18871/36 18871/37 18871/38 18871/39 18871/40 18871/41 18871/42

Designation

Annex Garage

S.Util

S.Adopted

26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 26 m2 483 m2

Value

Project updates

Updating information

2024-12-10

Infromation update

2024-10-03

Payment of recovery costs received

2024-07-03

Payment of recovery costs received: 21.58 €

Information update

2024-01-23

The loan has been submitted for recovery

2023-10-03

The agreement was terminated. Initiation of forced execution through the bailiff.

Reminder about the upcoming deadline

2023-08-20

Debtor sent a reminder about the upcoming deadline for payment

Update of information on loan delays

2023-07-10

Communication with the debtor is in progress. A solution is sought to pay the overdue amount. We would also like to remind you that late interest is charged for each day of delay.

Notification of breach of payment obligation

2023-07-04

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2023-06-27

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2023-06-21

A reminder of breach of payment was sent to the Debtor

information update

2023-06-07

Possible period delay

2023-05-24

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

Notification of breach of payment obligation

2023-05-21

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-05-20

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-03-20

The debtor has paid interest for the period 2023-02-20. Payment delay days: 28.

Possible period delay

2023-02-22

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

Notification of breach of payment obligation

2023-02-21

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-02-20

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-12-08

The debtor has paid interest for the period 2022-11-20. Payment delay days: 11.

Possible period delay

2022-11-23

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

Notification of breach of payment obligation

2022-11-21

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2022-11-20

Debtor sent a reminder about the upcoming deadline for payment

Project title	Interest	Investment size	Price	Offer valid until
Calle MENDEZ NUÑEZ, No 10, Planta, Spain	12.00 %	100.00 €	100.00 €	2025-01-06	View offer Details
Calle MENDEZ NUÑEZ, No 10, Planta, Spain	12.00 %	1 090.00 €	1 090.00 €	2025-01-10	View offer Details
Calle MENDEZ NUÑEZ, No 10, Planta, Spain	12.00 %	890.00 €	890.00 €	2025-01-10	View offer Details
Calle MENDEZ NUÑEZ, No 10, Planta, Spain	12.00 %	383.00 €	383.00 €	2025-01-11	View offer Details

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Calle MENDEZ NUÑEZ, No 10, Planta, Spain

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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Calle MENDEZ NUÑEZ, No 10, Planta, Spain

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

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