Projects list

Skynimų str. 2, Panevezys, Lithuania

Project finished

Amount of funding 80 000 €

LTV 55%

Annual interest rate 11.00%

Total expected project return 11.00%

Loan period

12 mo.

Risk

B (medium)

Purpose of the loan

Development loan

Collateral Real estate pledge

Country

Lithuania

Investors 81

Raised:
80 000 € Goal:
80 000 €

100.00%

Project updates

Loan repaid

2020-11-06

The debtor has repaid the loan. Duration of loan 393 d.

Period paid

2020-11-06

The debtor has paid interest for the period 2020-10-10. Payment delay days: 21.

Possible period delay

2020-10-09

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

Period paid

2020-09-16

The debtor has paid interest for the period 2020-09-10. Payment delay days: 6.

Period paid

2020-06-17

The debtor has paid interest for the period 2020-06-10. Payment delay days: 6.

Period paid

2020-06-11

The debtor has paid interest for the period 2020-05-10. Payment delay days: 32.

Possible period delay

2020-06-09

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

Period paid

2020-05-26

The debtor has paid interest for the period 2020-04-10. Payment delay days: 46.

Period paid

2020-05-15

The debtor has paid interest for the period 2020-03-10. Payment delay days: 65.

Period paid

2020-05-15

The debtor has paid interest for the period 2020-02-10. Payment delay days: 29.

Period paid

2020-05-15

The debtor has paid interest for the period 2020-01-10. Payment delay days: 4.

Possible period delay

2020-05-09

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

Possible period delay

2020-04-09

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

Possible period delay

2020-03-09

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

Possible period delay

2020-02-09

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

Possible period delay

2020-01-09

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

Period paid

2020-01-06

The debtor has paid interest for the period 2019-12-10. Payment delay days: 27.

Possible period delay

2019-12-09

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

Period paid

2019-11-10

The debtor has paid interest for the period 2019-11-10.

Possible period delay

2019-11-09

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

Business loan terms

About the loan

Amount of funding 80 000 €

LTV 55 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 12 mo.

Minimum loan period 2 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 %

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 2 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2019-10-10

Estimated loan repayment date:* 2020-10-10

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

Debtor

Company title UAB Norbalta

Company registration address

The project is sponsored by JSC "Norbalta", whose owners and shareholders administer the company's real estate. The company's current activities include overseeing, leasing, operating and administering real estate.

JSC Norbalta has a great deal of experience in trade, which is evidenced by the turnover achieved. By acquiring the premises, the company will reduce its costs and engage in on-site production of parts.

Turnover in 2017 was EUR 1.08 million, and already in 2018 the company was able to increase its turnover to EUR 6.5 million. For further development and growth, the company plans to acquire the said premises and adapt them to its own needs.

Currently, UAB Norbalta is preparing the material and will develop a joint project "Eksperimentas LT" with KTU University scientists to receive support for this project, which will start in the fourth quarter of this year.

JSC Norbalta has already successfully secured financing for Nordstreet platform in another project!

Loan protection collateral

Loan

The amount of funding required is € 80,000, which will be allocated to the building at Vilties str. 20, Nemekščiai for renovation and renovation.

Loan collateral

First-line mortgage on existing real estate - Mortgage.

The value of the property is € 145 000.

Investment risk: B

LTV: 55%

Mortgaged property

The value of the pledged property is 145 000 €

1) 0,1499 sq.m land

2) 179,94 sq.m building

Interest:

Investing from 100 € - interest 11%
Investing from 2,500 € - interest 11.5%
Investing from 7,500 € - interest 12%
Investing from 20,000 € - interest 12.5%

Interest on the loan is calculated from the end date of the auction and is paid monthly.

Loan Period

Loan term: 12 months (with option to repay earlier, but not earlier than 2 months).

If the Borrower repays the Loan Amount or part thereof less than 2 months after the due date of 12 months, the Borrower undertakes to pay interest to the Lender for a period of 2 months. After a period of 2 months, the Borrower may repay the loan at no additional charge.

Loan repayment period

Expected loan start date: 2019 09 18

Expected loan repayment date: 2020 06 18 - 2020 09 18

Strengths and risks

Documents

#	File name	File type	Actions
1	PN-19-586_UAB Norbalta.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 80 000 €

LTV 55 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 12 mo.

Minimum loan period 2 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 %

Loan term and repayment

Loan period 12 mo.

Minimum loan period 2 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2019-10-10

Estimated loan repayment date:* 2020-10-10

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

Project updates

Loan repaid

2020-11-06

The debtor has repaid the loan. Duration of loan 393 d.

Period paid

2020-11-06

The debtor has paid interest for the period 2020-10-10. Payment delay days: 21.

Possible period delay

2020-10-09

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

Period paid

2020-09-16

The debtor has paid interest for the period 2020-09-10. Payment delay days: 6.

Period paid

2020-06-17

The debtor has paid interest for the period 2020-06-10. Payment delay days: 6.

Period paid

2020-06-11

The debtor has paid interest for the period 2020-05-10. Payment delay days: 32.

Possible period delay

2020-06-09

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

Period paid

2020-05-26

The debtor has paid interest for the period 2020-04-10. Payment delay days: 46.

Period paid

2020-05-15

The debtor has paid interest for the period 2020-03-10. Payment delay days: 65.

Period paid

2020-05-15

The debtor has paid interest for the period 2020-02-10. Payment delay days: 29.

Period paid

2020-05-15

The debtor has paid interest for the period 2020-01-10. Payment delay days: 4.

Possible period delay

2020-05-09

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

Possible period delay

2020-04-09

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

Possible period delay

2020-03-09

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

Possible period delay

2020-02-09

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

Possible period delay

2020-01-09

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

Period paid

2020-01-06

The debtor has paid interest for the period 2019-12-10. Payment delay days: 27.

Possible period delay

2019-12-09

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

Period paid

2019-11-10

The debtor has paid interest for the period 2019-11-10.

Possible period delay

2019-11-09

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

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Teatra str. 9, Jurmala, Latvia

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Skynimų str. 2, Panevezys, 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

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!

Skynimų str. 2, Panevezys, 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!