Nordstreet guarantees safe investment:
(I) the project LTV (loan to value) ratio will not exceed the LTV ratio provided in the project description if the project is funded in stages;
(II) If the required financing amount is not collected before the start of the project, all investments will be returned to the investees. If borrower request for a smaller amount of the loan grant - funding can be considered successful completion of entering a lower amount.
Purpose of financing
- The object of the loan is the commercial premises being prepared for sale in the New Town (Naujamiestis, Vilnius), which is in need of financing - refinancing of the existing loan, at the request of the borrower to extend the existing loan.
- The real estate pledged for the loan - commercial premises located at Eglių str. 35, premises value 104,900 Eur.
Project return on investment and interest payment
- Investing from 100 €
- Annual return on investment of the project starts from 11%
- Interest on the loan is calculated from the closing date of the auction and is paid monthly. The amount invested is repaid by the project developer repaying the loan.
- Loan term: 12 months