Projects list

Holiday buildings complex Molėtai district municipality., Inturkė eldership., Kamužė 3, 3A, 3B, Lithuania (2 stage)

Project finished

Amount of funding 100 000 €

LTV 55%

Annual interest rate 10.50% - 12.00%

Total expected project return 20.12% - 23.00%

Loan period

23 mo.

Risk

A (low)

Purpose of the loan

Development loan

Collateral Real estate pledge

Country

Lithuania

Investors 138

Raised:
100 000 € Goal:
100 000 €

100.00%

Project updates

Period paid

2023-05-31

The debtor has paid interest for the period 2023-03-29. Payment delay days: 61.

Update of information on loan delays

2023-05-19

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

2023-05-13

A reminder of breach of payment was sent to the Debtor

Information update

2023-05-09

We inform you that the borrower promises to receive an offer from the last potential financier today and choose the most suitable option for him. The return of this loan to investors should take place within two weeks. Best regards, Nordstreet team.

Notification of breach of payment obligation

2023-05-06

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2023-04-30

A reminder of breach of payment was sent to the Debtor

Possible loan repay delay

2023-04-15

The debtor has informed of a possible delay in repaying the loan.

Reminder about the upcoming deadline

2023-03-29

Debtor sent a reminder about the upcoming deadline for payment

Possible period delay

2023-03-28

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

Period paid

2023-02-27

The debtor has paid interest for the period 2023-03-03.

Period paid

2023-01-30

The debtor has paid interest for the period 2023-02-03.

Period paid

2023-01-03

The debtor has paid interest for the period 2023-01-03.

Period paid

2022-11-30

The debtor has paid interest for the period 2022-12-03.

Period paid

2022-11-03

The debtor has paid interest for the period 2022-11-03.

Period paid

2022-10-03

The debtor has paid interest for the period 2022-10-03.

Period paid

2022-08-30

The debtor has paid interest for the period 2022-09-03.

Period paid

2022-08-01

The debtor has paid interest for the period 2022-08-03.

Period paid

2022-07-01

The debtor has paid interest for the period 2022-07-03.

Period paid

2022-06-01

The debtor has paid interest for the period 2022-06-03.

Period paid

2022-05-02

The debtor has paid interest for the period 2022-05-03.

Period paid

2022-03-28

The debtor has paid interest for the period 2022-04-03.

Period paid

2022-02-28

The debtor has paid interest for the period 2022-03-03.

Period paid

2022-01-05

The debtor has paid interest for the period 2022-02-03.

Period paid

2021-12-28

The debtor has paid interest for the period 2022-01-03.

Period paid

2021-12-01

The debtor has paid interest for the period 2021-12-03.

Period paid

2021-10-27

The debtor has paid interest for the period 2021-11-03.

Period paid

2021-09-28

The debtor has paid interest for the period 2021-10-03.

Period paid

2021-08-28

The debtor has paid interest for the period 2021-09-03.

Period paid

2021-07-27

The debtor has paid interest for the period 2021-08-03.

Period paid

2021-06-28

The debtor has paid interest for the period 2021-07-03.

Period paid

2021-05-25

The debtor has paid interest for the period 2021-06-03.

Business loan terms

About the loan

Amount of funding 100 000 €

LTV 55 %

Risk A (low)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 23 mo.

Minimum loan period 5 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 10.5 %
Investing from 2 500.00 € - fixed interest 11.25 %
Investing from 500.00 € - fixed interest 10.75 %
Investing from 1 000.00 € - fixed interest 11 %
Investing from 7 500.00 € - fixed interest 11.5 %
Investing from 15 000.00 € - fixed interest 11.75 %
Investing from 25 000.00 € - fixed interest 12 %

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 23 mo.

Minimum loan period 5 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2021-05-03

Estimated loan repayment date:* 2023-03-29

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 LTD Inžineriniai sprendimai

Company registration address

LTD Inžineriniai sprendimai - the main activity of the company are solutions for private and commercial engineering systems. The company offers the most optimal solutions according to the latest trends: heating, cooling, ventilation; recuperation installation and consultations on design hearings. With the help of suppliers, the company offers the best prices for equipment and materials on the Lithuanian market. Currently, the company is rapidly developing the integration of renewable energy resources into the private sector by advertising and informing customers about projects supported by the State and Europe, as well as investing in real estate projects.

The head of the company hire experienced specialists during the development of the projects. This year, the company's plans include the development of more real estate projects and thus increase the company's financial results and profit. In 2020, the company's profitability reached more than 31% and was almost 0,03 mln Eur.

Loan protection collateral

Purpose of a business loan

This phase requires funding of 100 000 € for the project building renovation, environment and infrastructure works under development

Loan collateral

Mortgage of the first line of existing property - Mortgage. The loan will be repaid after the sale of all / part of the pledged property, from the sale of the company's development assets, current and future profits or after refinancing the loan.

Guarantee of the manager and shareholder.

Investment risk: A (low)

LTV: 48% (maximum possible LTV ratio 55%)

Pledged property: Holiday complex consisting of 1527.66 m2 of buildings and 6.7511 ha of land plots, located at the address Molėtai district municipality., Inturkės eldership., Kamužė 3, 3A, 3B, Lithuania.

Value of mortgaged property: 724 000 €

Interest:

When investing from 100 € - interest 10.5%

When investing from 500 € - interest 10.75%

When investing from 1 000 € - interest 11%

When investing from 2 500 € - interest 11.25%

When investing from 7 500 € - interest 11.5%

When investing from 15 000 € - interest 11.75%

When investing from 25 000 € - interest 12%

Loan term

23 months (with the possibility of repayment earlier, but not earlier than after a period of 5 months).

If the Borrower repays the Loan amount or a part thereof earlier than 5 months after the due date of 23 months, it undertakes to pay interest to the Lender for a period of 5 months. After a period of 5 months, the Borrower may repay the loan (together with the applicable interest) without any additional fees.

Company loan repayment period

Estimated start date of the loan: 2021 04 30

Expected repayment date of the loan: 2022 03 30 - 2022 10 30

Strengths and risks

SWOT analysis of the project beneficiary:

Strengths - First lien on existing real estate - Mortgage.

- Guarantee of the company's manager and shareholder.

Weaknesses - The mortgaged property is being developed and will be renovated.

Opportunities - The borrower's expected average annual interest rate payable is 10.5 - 12%.

Threats - The current economic situation is unclear. The location of the property is less liquid.

Documents

#	File name	File type	Actions
1	Propertyvalution161528646992355.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

Amount of funding 100 000 €

LTV 55 %

Risk A (low)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 23 mo.

Minimum loan period 5 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 10.5 %
Investing from 2 500.00 € - fixed interest 11.25 %
Investing from 500.00 € - fixed interest 10.75 %
Investing from 1 000.00 € - fixed interest 11 %
Investing from 7 500.00 € - fixed interest 11.5 %
Investing from 15 000.00 € - fixed interest 11.75 %
Investing from 25 000.00 € - fixed interest 12 %

Loan term and repayment

Loan period 23 mo.

Minimum loan period 5 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2021-05-03

Estimated loan repayment date:* 2023-03-29

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

Mixed real estate

Mortgage rank

First order mortgage

LTV

55%

Purpose of a business loan

This phase requires funding of 100 000 € for the project building renovation, environment and infrastructure works under development

Loan collateral

Guarantee of the manager and shareholder.

Investment risk: A (low)

LTV: 48% (maximum possible LTV ratio 55%)

Value of mortgaged property: 724 000 €

Interest:

When investing from 100 € - interest 10.5%

When investing from 500 € - interest 10.75%

When investing from 1 000 € - interest 11%

When investing from 2 500 € - interest 11.25%

When investing from 7 500 € - interest 11.5%

When investing from 15 000 € - interest 11.75%

When investing from 25 000 € - interest 12%

Loan term

23 months (with the possibility of repayment earlier, but not earlier than after a period of 5 months).

Company loan repayment period

Estimated start date of the loan: 2021 04 30

Expected repayment date of the loan: 2022 03 30 - 2022 10 30

Project updates

Period paid

2023-05-31

The debtor has paid interest for the period 2023-03-29. Payment delay days: 61.

Update of information on loan delays

2023-05-19

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

2023-05-13

A reminder of breach of payment was sent to the Debtor

Information update

2023-05-09

Notification of breach of payment obligation

2023-05-06

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2023-04-30

A reminder of breach of payment was sent to the Debtor

Possible loan repay delay

2023-04-15

The debtor has informed of a possible delay in repaying the loan.

Reminder about the upcoming deadline

2023-03-29

Debtor sent a reminder about the upcoming deadline for payment

Possible period delay

2023-03-28

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

Period paid

2023-02-27

The debtor has paid interest for the period 2023-03-03.

Period paid

2023-01-30

The debtor has paid interest for the period 2023-02-03.

Period paid

2023-01-03

The debtor has paid interest for the period 2023-01-03.

Period paid

2022-11-30

The debtor has paid interest for the period 2022-12-03.

Period paid

2022-11-03

The debtor has paid interest for the period 2022-11-03.

Period paid

2022-10-03

The debtor has paid interest for the period 2022-10-03.

Period paid

2022-08-30

The debtor has paid interest for the period 2022-09-03.

Period paid

2022-08-01

The debtor has paid interest for the period 2022-08-03.

Period paid

2022-07-01

The debtor has paid interest for the period 2022-07-03.

Period paid

2022-06-01

The debtor has paid interest for the period 2022-06-03.

Period paid

2022-05-02

The debtor has paid interest for the period 2022-05-03.

Period paid

2022-03-28

The debtor has paid interest for the period 2022-04-03.

Period paid

2022-02-28

The debtor has paid interest for the period 2022-03-03.

Period paid

2022-01-05

The debtor has paid interest for the period 2022-02-03.

Period paid

2021-12-28

The debtor has paid interest for the period 2022-01-03.

Period paid

2021-12-01

The debtor has paid interest for the period 2021-12-03.

Period paid

2021-10-27

The debtor has paid interest for the period 2021-11-03.

Period paid

2021-09-28

The debtor has paid interest for the period 2021-10-03.

Period paid

2021-08-28

The debtor has paid interest for the period 2021-09-03.

Period paid

2021-07-27

The debtor has paid interest for the period 2021-08-03.

Period paid

2021-06-28

The debtor has paid interest for the period 2021-07-03.

Period paid

2021-05-25

The debtor has paid interest for the period 2021-06-03.

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Holiday buildings complex Molėtai district municipality., Inturkė eldership., Kamužė 3, 3A, 3B, Lithuania (2 stage)

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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Holiday buildings complex Molėtai district municipality., Inturkė eldership., Kamužė 3, 3A, 3B, Lithuania (2 stage)

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

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