Projects list

Guillena, Sevilla, Spain (1 stage)

Project finished

Amount of funding 150 000 €

LTV 30%

Annual interest rate 13.00% - 15.00%

Total expected project return 12.99% - 15.00%

Loan period

12 mo.

Risk

B (medium)

Purpose of the loan

Development loan

Collateral Real estate pledge

Country

Spain

Investors 259

Raised:
150 000 € Goal:
150 000 €

100.00%

Project updates

Loan repaid

2023-04-15

The debtor has repaid the loan. Duration of loan 81 d.

Period paid

2023-01-13

The debtor has paid interest for the period 2023-01-13.

Period paid

2023-01-13

The debtor has paid interest for the period 2023-01-24.

Business loan terms

About the loan

Purpose of the loan Real estate development

Amount of funding 150 000 €

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 company has acquired some industrial land near Seville, in the town of Guillena where it is going to build some industrial warehouses which are easy to sell as they are next to the motorway and 15 minutes from Seville in an industrial estate with few warehouses for sale.

The intention is to build the warehouses and sell them at a very competitive price with good qualities and with the half of the sale of the warehouses to be able to pay back the credit.

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 13 %
Investing from 1 000.00 € - fixed interest 13.25 %
Investing from 3 000.00 € - fixed interest 13.5 %
Investing from 9 000.00 € - fixed interest 13.75 %
Investing from 15 000.00 € - fixed interest 14 %
Investing from 20 000.00 € - fixed interest 14.5 %
Investing from 25 000.00 € - 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 12 mo.

Minimum loan period 6 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2022-10-24

Estimated loan repayment date:* 2023-10-24

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 CONTENEDORES OSCAR RUBERT S.L.

Company code B12958708

Company registration address

Company website https://www.oscarrubert.com/

The company CONTENEDORES OSCAR RUBERT S.L. is a company dedicated to the construction of industrial warehouses and earthmoving work on a national level.

Thanks to the provision of containers of 1.5 m3, 5m3, 7m3, crates for pruning. Consult our telephone number for any service you need to transport and manage construction site, garden and pruning waste.

With a long experience in the excavation and earth transport sector, we carry out (after studying the tasks to be carried out) any task of transport, excavation and earth moving, earth supply, demolition, filling, as well as cleaning of estates and land with the machinery that we have.

The company's financial indicators based on 2021 financial statements:

Sales revenue - EUR 444 700 Eur;

Net profit - EUR 30 396 Eur;

Own capital - EUR 196 539 Eur;

Total assets - EUR 3 174 573 Eur.

Loan protection collateral

Loan guarantee:

1- Finalist industrial land in Guillena (Seville) connected to the motorway of Andalusia and with a fully developed industrial estate with all types of industry and services.

Only 17 km from Seville - 4 main Spanish city-.

Cadastral reference 1: 2409600-QB6621S-0001-KB

APPRAISED VALUE:

Useful m2 3125,10

Adopted value 476,72 Euros

The appraised value is 1.489.797,67 € (ONE MILLION FOUR HUNDRED AND EIGHTY-NINE THOUSAND SEVEN HUNDRED AND SEVENTY SEVEN EUROS AND SIXTY SEVEN CENTS).

File No: 2022/008206/04/00

This report is dated 2 October 2022 and consists of 16 pages.

The property was last visited on 30 September 2022.

The undersigned technician assures that this valuation report has been carried out in compliance with the requirements of incompatibility and secrecy established in R.D.775/1997. Valid until 2 April 2023.

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 13.00-15.00%.

Threats:

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

Documents

#	File name	File type	Actions
1	202200820604_ARCH.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 Real estate development

Amount of funding 150 000 €

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 intention is to build the warehouses and sell them at a very competitive price with good qualities and with the half of the sale of the warehouses to be able to pay back the credit.