We are supervised by
J. Lelevelio g. 4, Naujamiesčio district, Vilnius city municipality, Lithuania (stage 1 refinancing)
Amount of funding
284 000 €
LTV
69%
Annual interest rate
12.25% - 14.00%
Total expected project return
8.16% - 9.33%
Loan period
8 mo.
Risk
C (higher)
Purpose of the loan
Refinancing
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
0
Raised:
0 € Goal:
284 000 €
0 € Goal:
284 000 €
0.00%
How much will I earn if I invest:
Investment size
100.00 €
284 000.00 €
12.25%
12.5%
12.75%
13%
14%
With this project in one month I will earn
€
After 12 months I will earn
€
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About the loan
Purpose of the loan
Real estate development
Amount of funding
284 000 €
LTV
69 %
Risk
C (higher)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
8 mo.
Minimum loan period
6 mo.
Collateral
Real estate pledge
Mortgage rank
First order mortgage
The financing need is an amount of € 284 000, which will be used to refinance existing loan on the Nordstreet platform. This decision will give the borrower time to obtain better financing or sales conditions, fulfill existing obligations and complete preparatory works. The loan will be repaid from sale of the project or refinanced in other financial institution.
Investment from 100 €.
Interest
Annual interest rate
- Investing from 100.00 € - fixed interest 12.25 %
- Investing from 1 500.00 € - fixed interest 12.5 %
- Investing from 4 500.00 € - fixed interest 12.75 %
- Investing from 9 000.00 € - fixed interest 13 %
- Investing from 50 000.00 € - fixed interest 14 %
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
8 mo.
Minimum loan period
6 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2021-11-10
Estimated loan repayment date:*
2022-07-10
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
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