Projects list

Taikos Ave. 116V, Dainava eldership, Kaunas, Lithuania

Project finished

Amount of funding 76 000 €

LTV 65%

Annual interest rate 11.50%

Total expected project return 17.24%

Loan period

18 mo.

Risk

B (medium)

Purpose of the loan

Development loan

Collateral Real estate pledge

Country

Lithuania

Investors 111

Raised:
76 000 € Goal:
76 000 €

100.00%

Project updates

Early return

2020-10-07

The debtor has made an early repayment of the loan. Duration of loan 330 d.

Period paid

2020-09-13

The debtor has paid interest for the period 2020-09-12. Payment delay days: 1.

Period paid

2020-08-12

The debtor has paid interest for the period 2020-08-12.

Period paid

2020-07-12

The debtor has paid interest for the period 2020-07-12.

Period paid

2020-06-12

The debtor has paid interest for the period 2020-06-12.

Period paid

2020-05-12

The debtor has paid interest for the period 2020-05-12.

Period paid

2020-04-13

The debtor has paid interest for the period 2020-04-12. Payment delay days: 1.

Period paid

2020-03-12

The debtor has paid interest for the period 2020-03-12.

Period paid

2020-02-12

The debtor has paid interest for the period 2020-02-12.

Period paid

2020-01-12

The debtor has paid interest for the period 2020-01-12.

Period paid

2019-12-12

The debtor has paid interest for the period 2019-12-12.

Business loan terms

About the loan

Amount of funding 76 000 €

LTV 65 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 18 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 11.5 %

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 18 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2019-11-12

Estimated loan repayment date:* 2021-05-12

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 UAB "Credit Consulting Services"

Company registration address

Project developer - Credit Consulting Services Limited Liability Company, which is engaged in financial consulting, debt collection and real estate development and / or investment activities. The company's shareholders and management have experience in real estate investments, their management and administration.

Loan protection collateral

Loan

The funding will require € 76,000 to be used for further land construction and preparation.

Loan collateral

First-line mortgages on existing real estate - Mortgage.

The value of the property is € 116,000. The full property valuation is uploaded in the Documents section.

The loan will be repaid from the company's income, project sale, lease or refinance.

Investment risk: B (medium)

LTV: 65%

Mortgaged property

The value of the pledged property is € 116,000. Appraised land plot with a building permit.

Annual return on investment

Investing from 100 € - interest 11.5%
Investing from 2500 € - 12% interest
Investing from 7500 € - interest 12,5%
Investing from € 15,000 - 13% interest
Interest on the loan is calculated from the end date of the auction and is paid monthly.

Loan Period

Loan term: 18 months (with the option of early repayment, but no earlier than 4 months).

If the Borrower repays the Loan Amount or part thereof less than 4 months after the due date of 18 months, the Borrower undertakes to pay interest to the Lender for a period of 4 months. After a period of 4 months, the Borrower may repay the loan at no additional charge.

Company loan repayment period

Start of the project: 2019 10 10

Expected project completion: 2020 11 10 - 2021 01 10

Strengths and risks

Documents

#	File name	File type	Actions
1	Ataskaita-s1001.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 76 000 €

LTV 65 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 18 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 11.5 %

Loan term and repayment

Loan period 18 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2019-11-12

Estimated loan repayment date:* 2021-05-12

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

Project updates

Early return

2020-10-07

The debtor has made an early repayment of the loan. Duration of loan 330 d.

Period paid

2020-09-13

The debtor has paid interest for the period 2020-09-12. Payment delay days: 1.

Period paid

2020-08-12

The debtor has paid interest for the period 2020-08-12.

Period paid

2020-07-12

The debtor has paid interest for the period 2020-07-12.

Period paid

2020-06-12

The debtor has paid interest for the period 2020-06-12.

Period paid

2020-05-12

The debtor has paid interest for the period 2020-05-12.

Period paid

2020-04-13

The debtor has paid interest for the period 2020-04-12. Payment delay days: 1.

Period paid

2020-03-12

The debtor has paid interest for the period 2020-03-12.

Period paid

2020-02-12

The debtor has paid interest for the period 2020-02-12.

Period paid

2020-01-12

The debtor has paid interest for the period 2020-01-12.

Period paid

2019-12-12

The debtor has paid interest for the period 2019-12-12.

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Taikos Ave. 116V, Dainava eldership, Kaunas, Lithuania

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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Bistryčios st. 27, Vilnius, Lithuania (1 stage)

Business loan #00342

Teatra str. 9, Jurmala, Latvia

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Taikos Ave. 116V, Dainava eldership, Kaunas, Lithuania

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

Latest loans

2 MW solar power park Narvydžių vil., Skuodo d., Lithuania (1 stage)

P. Vileišio st. 18A-19, 20, 21, Vilnius, Lithuania (2 stage)

Lubānas st. 133A, Riga, Latvia (5 stage)

Bistryčios st. 27, Vilnius, Lithuania (1 stage)

Business loan #00342

Teatra str. 9, Jurmala, Latvia

Need a Business Development Loan?

News

Join the Nordstreet investor community!