We are supervised by
Dovinės 18-oji str. 6, Liudvinavo vil., Marijampolės mun., Lithuania (1 stage)
Amount of funding
35 800 €
LTV
60%
Annual interest rate
15.00%
Total expected project return
30.00%
Loan period
24 mo.
Risk
C (higher)
Purpose of the loan
Development loan
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
100
Raised:
35 800 € Goal:
35 800 €
35 800 € Goal:
35 800 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | Nuostatai.pdf |
|
|
| 2 | Vertinimo ataskaita 2024-09-10.pdf |
|
|
| 3 | Projekto koncepcija.pdf |
|
|
| 4 | Draguniskes - projekto pristatymas.pdf |
|
|
| 5 | PIID.pdf |
|
About the loan
Purpose of the loan
Real estate development
Amount of funding
35 800 €
LTV
60 %
Risk
C (higher)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
24 mo.
Minimum loan period
4 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
First order mortgage
Amount allocated by project owner
5 000.00 €
Purpose of the loan
Funding requires an amount of EUR 55,800, which will be collected in two stages. MB Dovinės vingis, using the loan funds, will develop the plot of land located at Dovinė 18-oji str. 6, Liudvinavos vil., Marijampolės mun., Lithuania, will divide it into smaller separate property units, will design and install engineering and communication communications (electricity, water supply, sewage, approaches) and will clean up ponds and the environment. After completing the mentioned works, the company will sell individual plots with installed infrastructure to final buyers. The loan will be repaid from the proceeds of the real estate sale or by refinancing it in another financial institution.
About the project
The owner of the project is ready with two project development concepts: the conversion of the existing area into an economical residential block of individual houses for 25 families, oriented to the modern buyer who is looking for economical but high-quality residential housing surrounded by nature; or a holiday tourism homestead with a pond, sauna, linden and cottages for vacationers' accommodation, which would be ideal for those looking for respite surrounded by nature while enjoying the authentic atmosphere of Lithuanian nature.
In the residential quarter, it is planned to install a common pond, recreation areas, children's playgrounds, a sauna and a hot tub, which will provide additional value to future residents and create a long-term attractiveness of the project.
From the project location, 10 minutes by car to the center of Marijampolė, the Bukta nature trail, Marių park, Kvietiškio Dvaro park; 600 meters to the Netičkampių pond, 900 meters to the Blessed Christ statue, 1.5-2 km. to the town of Ludvinavas (Kazio Boruta's birthplace), Šešupė and Dovina rivers, 3 km to the Ludvinavas park.
More about the project (see Documents).
Investment from 50.00 €.
Interest
Annual interest rate
- Investing from 50.00 € - fixed interest 15 %
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
24 mo.
Minimum loan period
4 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2024-12-12
Estimated loan repayment date:*
2026-12-02
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
14% - 15%
- Investors 149
- LTV 60%
- Risk group C (higher)
- Months 12
- Collateral Real estate pledge
-
Annual interest rate
13% - 14%
- Investors 138
- LTV 31%
- Risk group B (medium)
- Months 24
- Collateral Real estate pledge
Lithuania
Waiting for investments
At this stage, the financing required for the loan is collected. You can replenish your investment at any time.
2 MW solar power park Narvydžių vil., Skuodo d., Lithuania (1 stage)
Raised:
50 000 € Goal:
50 000 €
50 000 € Goal:
50 000 €
100%
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%
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
