Projects list

J. Lelevelio g. 4, Naujamiesčio district, Vilnius city municipality, Lithuania (stage 2)

Project finished

Amount of funding 92 460 €

LTV 69%

Annual interest rate 10.50%

Total expected project return 10.50%

Loan period

12 mo.

Risk

B (medium)

Purpose of the loan

Loan for acquisition

Collateral Real estate pledge

Country

Lithuania

Investors 154

Raised:
92 460 € Goal:
92 460 €

100.00%

Project updates

Period paid

2021-12-14

The debtor has paid interest for the period 2021-10-28. Payment delay days: 43.

Notification of breach of payment obligation

2021-12-12

A reminder of breach of payment was sent to the Debtor

Possible period delay

2021-12-10

The sale process is underway, on Friday (December 10, 2021) there is a reservation with a notary, all transactions on the Nordstreet platform would be covered once the transaction has taken place.

Notification of breach of payment obligation

2021-12-05

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2021-11-29

A reminder of breach of payment was sent to the Debtor

Possible period delay

2021-10-29

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

Reminder about the upcoming deadline

2021-10-28

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-09-28

The debtor has paid interest for the period 2021-09-28.

Reminder about the upcoming deadline

2021-09-28

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-08-28

The debtor has paid interest for the period 2021-08-28.

Reminder about the upcoming deadline

2021-08-28

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-07-28

The debtor has paid interest for the period 2021-07-28.

Reminder about the upcoming deadline

2021-07-28

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-06-11

The debtor has paid interest for the period 2021-06-28.

Period paid

2021-05-26

The debtor has paid interest for the period 2021-05-28.

Period paid

2021-04-26

The debtor has paid interest for the period 2021-04-28.

Period paid

2021-03-22

The debtor has paid interest for the period 2021-03-28.

Period paid

2021-02-22

The debtor has paid interest for the period 2021-02-28.

Period paid

2021-01-24

The debtor has paid interest for the period 2021-01-28.

Period paid

2020-12-28

The debtor has paid interest for the period 2020-12-28.

Period paid

2020-12-02

The debtor has paid interest for the period 2020-11-28. Payment delay days: 4.

Business loan terms

About the loan

Amount of funding 92 460 €

LTV 69 %

Risk B (medium)

Payment of interest Every month

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

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 10.5 %

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 12 mo.

Minimum loan period 6 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2020-10-28

Estimated loan repayment date:* 2021-10-28

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 Somnus LT

Company registration address

Dailidžių g. 4 Vilnius Lietuva 01210

Legal entity "Somnus LT", which carries out and administers the lease and sale of its real estate in Vilnius.

The team has an experienced manager, good knowledge of their work and the specifics of real estate, and has been in the real estate rental and sales business for more than 3 years. The company's balance sheet assets amount to more than EUR 0.5 million, and the years of operation in 2018 and 2019 were profitable.

Loan protection collateral

Purpose of a business loan

Financing requires an amount of € 92 460 to be used for the purchase merge and further development of the premises in the building.

Loan collateral

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

Investment risk: B (medium)

LTV: 69%

Mortgaged property: 60.27 m2 of total area of residential premises, address Lelevelio str.4, Vilnius.

Value of mortgaged property: € 134 ,000

Interest:

When investing from 100 € - interest 10.5%

Loan term

12 months (with the possibility of repayment earlier, but not earlier than after a period of 6 months).

If the Borrower repays the Loan amount or a part thereof earlier than 6 months after the due date of 12 months, it undertakes to pay interest to the Lender for a period of 6 months. After a period of 6 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: 2020 10 25

Expected repayment date of the loan: 2021 05 01 - 2021 06 01

Strengths and risks

SWOT analysis of the project:

Strengths

- First order mortgage on existing real estate - Mortgage.

- The borrower has successfully raised financing on the Nordstreet platform for the development of other assets in the same building

- The location of the mortgaged property is attractive, the property is liquid.

Weaknesses

- Mortgages are restricted and have an attachment.

Opportunities

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

Threats

- If the collateral is encumbered, then loan financing will not be granted.

Documents

#	File name	File type	Actions
1	Propertyvaluation210.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 92 460 €

LTV 69 %

Risk B (medium)

Payment of interest Every month

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

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 10.5 %

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:* 2020-10-28

Estimated loan repayment date:* 2021-10-28

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

Period paid

2021-12-14

The debtor has paid interest for the period 2021-10-28. Payment delay days: 43.

Notification of breach of payment obligation

2021-12-12

A reminder of breach of payment was sent to the Debtor

Possible period delay

2021-12-10

The sale process is underway, on Friday (December 10, 2021) there is a reservation with a notary, all transactions on the Nordstreet platform would be covered once the transaction has taken place.

Notification of breach of payment obligation

2021-12-05

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2021-11-29

A reminder of breach of payment was sent to the Debtor

Possible period delay

2021-10-29

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

Reminder about the upcoming deadline

2021-10-28

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-09-28

The debtor has paid interest for the period 2021-09-28.

Reminder about the upcoming deadline

2021-09-28

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-08-28

The debtor has paid interest for the period 2021-08-28.

Reminder about the upcoming deadline

2021-08-28

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-07-28

The debtor has paid interest for the period 2021-07-28.

Reminder about the upcoming deadline

2021-07-28

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-06-11

The debtor has paid interest for the period 2021-06-28.

Period paid

2021-05-26

The debtor has paid interest for the period 2021-05-28.

Period paid

2021-04-26

The debtor has paid interest for the period 2021-04-28.

Period paid

2021-03-22

The debtor has paid interest for the period 2021-03-28.

Period paid

2021-02-22

The debtor has paid interest for the period 2021-02-28.

Period paid

2021-01-24

The debtor has paid interest for the period 2021-01-28.

Period paid

2020-12-28

The debtor has paid interest for the period 2020-12-28.

Period paid

2020-12-02

The debtor has paid interest for the period 2020-11-28. Payment delay days: 4.

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J. Lelevelio g. 4, Naujamiesčio district, Vilnius city municipality, Lithuania (stage 2)

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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J. Lelevelio g. 4, Naujamiesčio district, Vilnius city municipality, Lithuania (stage 2)

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)

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

Business loan #00342

Teatra str. 9, Jurmala, Latvia

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Join the Nordstreet investor community!