Projects list

Skynimų str. 2, Panevezys, Lithuania (Loan refinancing)

Project finished

Amount of funding 72 000 €

LTV 49%

Annual interest rate 11.00% - 12.50%

Total expected project return 11.00% - 12.50%

Loan period

12 mo.

Risk

C (higher)

Purpose of the loan

Refinancing

Collateral Real estate pledge

Country

Lithuania

Investors 74

Raised:
72 000 € Goal:
72 000 €

100.00%

Project updates

Period paid

2021-11-29

The debtor has paid interest for the period 2021-06-01. Payment delay days: 181.

Period paid

2021-11-29

The debtor has paid interest for the period 2021-05-02. Payment delay days: 211.

Period paid

2021-11-29

The debtor has paid interest for the period 2021-04-02. Payment delay days: 241.

Status update

2021-11-05

The client has asked for a permission to refinance the loan and pledge secondary rank the asset. It is planned that the loan will be returned next week.

Status update

2021-07-12

The agreement was terminated. Loan return is being processed through bailiff.

Reminder about the upcoming deadline

2021-07-02

Debtor sent a reminder about the upcoming deadline for payment

Status update

2021-06-05

We would like to inform, the client claims will be made next week, loan documents have been sent to the lawyers.

Possible period delay

2021-05-01

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

Possible period delay

2021-04-01

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

Period paid

2021-03-22

The debtor has paid interest for the period 2021-03-02. Payment delay days: 20.

Possible period delay

2021-03-01

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

Period paid

2021-02-11

The debtor has paid interest for the period 2021-02-02. Payment delay days: 9.

Possible period delay

2021-02-03

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

Period paid

2021-01-18

The debtor has paid interest for the period 2021-01-02. Payment delay days: 16.

Period paid

2020-12-08

The debtor has paid interest for the period 2020-12-02. Payment delay days: 5.

Business loan terms

About the loan

Amount of funding 72 000 €

LTV 49 %

Risk C (higher)

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 %
Investing from 2 500.00 € - fixed interest 11.5 %
Investing from 7 500.00 € - fixed interest 12 %
Investing from 20 000.00 € - fixed interest 12.5 %

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 2 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2020-11-02

Estimated loan repayment date:* 2021-11-02

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 beneficiary and administrator of the project is UAB "Norbalta", the owners and shareholders of which administer the company's real estate. The company's activities currently include supervised real estate, its lease, operations and administration, as well as the development of the activities of related companies.

UAB Norbalta has extensive experience in trade, which is shown by its achieved turnover, which in 2017. amounted to EUR 1.08 million in 2018. 6.5 million euros, and in 2019. EUR 4.7 million

UAB Norbalta also cooperates with scientific institutions, where it prepares material and together with KTU University researchers develops a joint project "Experiment LT".

The company also pays interest to investors on the Nordstreet platform, but it is important to note that payments are not always made on time.

Loan protection collateral

Loan

The financing requires an amount of € 72,000 to be used to refinance an existing loan on the Nordstreet platform.

Loan collateral

Mortgage of the first line of existing real estate - Mortgage.

The value of the property is € 145,000.

Investment risk: C

LTV: 49%

Mortgaged property

The value of the pledged property is 145 000 €

1) 0,1499 sq.m land

2) 179,94 sq.m building

Loan protection Information

The mortgaged property is property and land owned by it and the property is valued at € 145,000, according to the report.
Address of the mortgaged property: Skynimų str. 2, Panevezys, Lithuania
Property type: buildings and land
Property type: 1) plot of land / other / residential areas, 2) building - residential use,
Value of the mortgaged property: € 145 000
Documentation: Report of the Property Valuation
Date of report: October 1. 2019
Assessor: UAB Verslavita
Mortgage: A first line mortgage

Strengths and risks

SWOT analysis of the project beneficiary:

Strengths - The borrower pays interest to investors on the Nordstreet platform for the financing received.

Weaknesses - The borrower did not always make payments on time and was late in making interest payments.

Options - The average annual interest rate of interest paid by Nordstreet to the Borrower is 10.76%. (details of available loan)

Threats - Possible delays in the borrower's payments.

- The borrower has had legal disputes and arrests.

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

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 72 000 €

LTV 49 %

Risk C (higher)

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 %
Investing from 2 500.00 € - fixed interest 11.5 %
Investing from 7 500.00 € - fixed interest 12 %
Investing from 20 000.00 € - fixed interest 12.5 %

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:* 2020-11-02

Estimated loan repayment date:* 2021-11-02

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

2021-11-29

The debtor has paid interest for the period 2021-06-01. Payment delay days: 181.

Period paid

2021-11-29

The debtor has paid interest for the period 2021-05-02. Payment delay days: 211.

Period paid

2021-11-29

The debtor has paid interest for the period 2021-04-02. Payment delay days: 241.

Status update

2021-11-05

The client has asked for a permission to refinance the loan and pledge secondary rank the asset. It is planned that the loan will be returned next week.

Status update

2021-07-12

The agreement was terminated. Loan return is being processed through bailiff.

Reminder about the upcoming deadline

2021-07-02

Debtor sent a reminder about the upcoming deadline for payment

Status update

2021-06-05

We would like to inform, the client claims will be made next week, loan documents have been sent to the lawyers.

Possible period delay

2021-05-01

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

Possible period delay

2021-04-01

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

Period paid

2021-03-22

The debtor has paid interest for the period 2021-03-02. Payment delay days: 20.

Possible period delay

2021-03-01

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

Period paid

2021-02-11

The debtor has paid interest for the period 2021-02-02. Payment delay days: 9.

Possible period delay

2021-02-03

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

Period paid

2021-01-18

The debtor has paid interest for the period 2021-01-02. Payment delay days: 16.

Period paid

2020-12-08

The debtor has paid interest for the period 2020-12-02. Payment delay days: 5.

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Skynimų str. 2, Panevezys, Lithuania (Loan refinancing)

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

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Skynimų str. 2, Panevezys, Lithuania (Loan refinancing)

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

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

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Teatra str. 9, Jurmala, Latvia

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