Projects list

Vilties str 20, Nemeikščiai village, Utenos county, Lithuania (refinancing)

Amount of funding 94 000 €

LTV 49%

Annual interest rate 10.50% - 12.00%

Total expected project return 10.50% - 12.00%

Loan period

12 mo.

Risk

B (medium)

Purpose of the loan

Refinancing

Collateral Real estate pledge

Country

Lithuania

Investors 115

Raised:
94 000 € Goal:
94 000 €

100.00%

Secondary market

Project title	Interest	Investment size	Price	Bonus/ discount	Offer valid until
Vilties str 20, Nemeikščiai village, Utenos county, Lithuania (refinancing)	10.50 %	498.20 €	429.39 €	-13.81 %	2024-11-21	View offer Details

Project updates

Information update

2024-10-29

Please be informed that the auction of the mortgaged immovable property did not take place, as no participants took part in the auction. The equipment on the premises was being sold at this time. The insolvency administrator is currently waiting for the successful bidder to pay the full price for the equipment, at which point an auction of the pledged property will be announced. We will inform you of the further progress of the insolvency by separate communication. Thank you for being with us, Nordstreet team.

Information update

2024-08-21

Please be informed, that the auction of mortgaged immovable property has been announced. Auction link. https://www.evarzytynes.lt/evs/pages/auction.do?id=293037&number=270591. Regards, Nordstreet team.

Information update

2024-07-10

Good afternoon, please be informed that the auction of your collateral is taking place. You can follow their progress on the e-auction portal: https://www.evarzytynes.lt/evs/pages/auction.do?id=291422&number=268435. We hope that this auction will be successful. Best regards, Nordstreet team.

Updating information

2024-04-03

Please be informed that auction 260558 did not take place due to a lack of participation. The starting price will be reduced by 20% and a new auction will be announced within a few weeks. Regards, Nordstreet team.

Information update

2024-03-19

Please be informed that auctions of pledged assets are taking place in the bankruptcy proceedings and you can follow their progress here: https://www.evarzytynes.lt/evs/pages/auction.do?id=285838&number=260558. Best regards, Nordstreet team.

Period paid

2023-08-25

The debtor has paid interest for the period 2023-08-25.

Information update

2023-06-26

Please be informed that the insolvency proceedings are currently in the process of resolving disputes regarding the procedure for the sale of pledged assets. The shareholder of the pledged assets is lodging complaints, the resolution of which is suspending the sale of the assets. We expect that the resolution of the disputes will take approximately 1-2 months. Regards, Nordstreet team.

Information update

2023-05-09

Good afternoon, please be informed that the financial claim of 80TEur Nordstreet (the investors' representative) has been confirmed during the insolvency proceedings. The conditions for the sale of the company as an asset are currently being decided. We expect that the terms of the sale will be agreed by the end of this month and that the sale of the company and the return of funds to the investors will take place by mid-June. Following the sale of the mortgaged assets, we will enter into an amicable agreement with the borrower for the balance of the debt, which should lead to a final settlement of the debt within 2-3 months from the conclusion of the agreement. It is likely that at this final stage of repayment, a total amount of 90TEUR will be received, which will be paid out as the outstanding part of the loan. Once this amount has been disbursed, the loan will be closed as realised. We would like to underline that the total amount already disbursed to the investors on the basis of this loan amounts to EUR 37,791.21. Thank you for being with us, Nordstreet team.

Informacijos atnaujinimas

2023-03-21

The beginning of the sale of the mortgaged property in the bankruptcy process is approaching. We hope that the auctions of the mortgaged property will be started within 1 month. In parallel, the bailiff's office carries out collection from the borrower.

Period paid

2023-02-07

The debtor has paid interest for the period 2023-02-03.

Period paid

2023-01-31

The debtor has paid interest for the period 2023-01-31.

Information update

2023-01-30

In the bankruptcy process, there are still disputes between different creditors and the bankruptcy administrator regarding the amount of claims. We expect the disputes to be resolved within a month and the mortgaged property to be appraised and sold within a few months. The process may take longer though.

Information update

2022-11-15

The stage of approval of financial requirements is currently underway in the bankruptcy process of the lender of the pledged property. There are a number of disputes regarding the financial requirements for the bankrupt company, so the processes at this stage will likely be delayed for about half a year. After the final list of requirements is approved, creditors' meetings will be called, an appraisal of the pledged property will be ordered, and notices of pledge of the pledged property will be published.

Information update

2022-07-28

A bankruptcy case has been filed against the owner of the mortgaged property, so the mortgaged property will be sold during the bankruptcy procedure to secure the loan. Sales are likely to take up to 6 months. The cases of the borrower and the undertaker are being processed at the bailiff's office, but so far it has not been possible to recover significant amounts.

Period paid

2022-06-06

The debtor has paid interest for the period 2022-06-06.

Period paid

2022-05-04

The debtor has paid interest for the period 2022-05-04.

Period paid

2022-05-03

The debtor has paid interest for the period 2022-05-03.

Information update

2022-03-27

The borrower has not yet handled the arrests. Periodical instalments are made, agreed to inform about arrests next week.

Information update

2022-02-20

For refinancing, the loan is collected, the client has paid the current payments, it is expected that the seizure of the property will be settled and the refinancing process will be completed. This loan would be fully repaid to the investors. Failure to settle the arrests within two weeks will resume the recovery process and travel to the auction.

Period paid

2022-01-31

The debtor has paid interest for the period 2022-01-31.

Information update

2022-01-24

Funds have been raised on the Nordstreet platform to refinance this loan, but real asset's arrests prevented the registration of a new mortgage. The client expects to agree on the removal of the arrests within two weeks. An advance payment of interest on a new loan will be paid this week. Refinancing the loan would pay all accrued interest and penalties.

Information update

2021-12-20

The client has updated the valuation of the property. Valuation of the property LTD Verslavita valued it at 277 TEUR. The client has informed that received arrest on the property for the time being, so the refinancing process has been suspended and will be resumed when the seizure is lifted. The client informed that negotiations are underway and will be canceled soon (in 2 weeks).

Information update

2021-12-08

UAB Norbalta has covered part of the delays, the refinancing has not yet taken place. The customer has suspended refinancing after paying part of the liabilities because he wants to get a better financing offer. Informed that negotiations are underway.

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.

Status update

2021-06-05

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

Possible period delay

2021-04-17

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

Period paid

2021-04-06

The debtor has paid interest for the period 2021-03-18. Payment delay days: 16.

Possible period delay

2021-03-17

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

Period paid

2021-02-24

The debtor has paid interest for the period 2021-02-18. Payment delay days: 6.

Possible period delay

2021-02-19

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

Period paid

2021-01-27

The debtor has paid interest for the period 2021-01-18. Payment delay days: 9.

Possible period delay

2021-01-17

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

Period paid

2020-12-30

The debtor has paid interest for the period 2020-12-18. Payment delay days: 12.

Business loan terms

About the loan

Amount of funding 94 000 €

LTV 49 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 12 mo.

Minimum loan period 3 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 %
Investing from 2 500.00 € - fixed interest 11 %
Investing from 7 500.00 € - fixed interest 11.5 %
Investing from 20 000.00 € - fixed interest 12 %

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 3 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2020-10-18

Estimated loan repayment date:* 2021-09-28

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 Norbalta

Company registration address

The beneficiary and administrator of the project loan is UAB "Norbalta", the owners and shareholders of which administer the company's assets and develop their activities. 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".

Loan protection collateral

Loan

The financing requires an amount of € 94,000 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 € 208,000. The full property valuation is uploaded in the Documents section.

The loan will be repaid from the company's receivables, profits from the sale of assets or the refinancing of the loan.

Additional protection: personal guarantee of the manager.

Investment risk: B (medium)

LTV:: 45% (will not exceed 49%)

Mortgaged property

The value of the mortgaged property is € 208,000:

1) 0.5632 ha land plot / other / territories of industrial storage objects (conditional mortgage)

2) 742.36 sq.m building - construction equipment bar / production, industrial purpose

3) other engineering structures - yard structures.

Interest:

When investing from 100 € - interest 10.5%

When investing from € 2,500 - interest 11%

When investing from € 7,500 - interest 11.5%

When investing from 20,000 € - interest 12%

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

Loan period

Loan term: 12 months (with the possibility of repayment earlier, but not earlier than after a period of 3 months).

If the Borrower repays the Loan amount or a part thereof earlier than 3 months after the due date of 12 months, it undertakes to pay interest to the Lender for a period of 3 months. After a period of 3 months, the Borrower can repay the loan without any additional fees.

Company loan repayment period

Estimated start date of the loan: 2020 10 01

Expected repayment date of the loan: 2021 08 01 - 2021 10 01

Strengths and risks

SWOT analysis of the project beneficiary:

Strengths - The borrower's manager V. Laucius provides a personal guarantee.

- The borrower has successfully paid 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.

Opportunities - The borrower historicaly pays an annual interest rate of 10.73%.

Threats - Possible delays in the borrower's payments.

- The borrower has had legal disputes and arrests.

- If the pledged assets are encumbered, then the loan financing will not be granted.

Documents

#	File name	File type	Actions
1	Atnaujinta turto isvada pagal AssetvaluationPN-19-551 ataskaita.pdf
2	AssetvaluationPN-19-551 ataskaita.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 94 000 €

LTV 49 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 12 mo.

Minimum loan period 3 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 %
Investing from 2 500.00 € - fixed interest 11 %
Investing from 7 500.00 € - fixed interest 11.5 %
Investing from 20 000.00 € - fixed interest 12 %

Loan term and repayment

Loan period 12 mo.

Minimum loan period 3 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2020-10-18

Estimated loan repayment date:* 2021-09-28

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

Loan protection collateral

Collateral

Real estate pledge

Property type

Storage

Mortgage rank

First order mortgage

LTV

49%

Loan

The financing requires an amount of € 94,000 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 € 208,000. The full property valuation is uploaded in the Documents section.

The loan will be repaid from the company's receivables, profits from the sale of assets or the refinancing of the loan.

Additional protection: personal guarantee of the manager.

Investment risk: B (medium)

LTV:: 45% (will not exceed 49%)

Mortgaged property

The value of the mortgaged property is € 208,000:

1) 0.5632 ha land plot / other / territories of industrial storage objects (conditional mortgage)

2) 742.36 sq.m building - construction equipment bar / production, industrial purpose

3) other engineering structures - yard structures.

Interest:

When investing from 100 € - interest 10.5%

When investing from € 2,500 - interest 11%

When investing from € 7,500 - interest 11.5%

When investing from 20,000 € - interest 12%

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

Loan period

Loan term: 12 months (with the possibility of repayment earlier, but not earlier than after a period of 3 months).

Company loan repayment period

Estimated start date of the loan: 2020 10 01

Expected repayment date of the loan: 2021 08 01 - 2021 10 01

Project updates

Information update

2024-10-29

Information update

2024-08-21

Information update

2024-07-10

Updating information

2024-04-03

Information update

2024-03-19

Period paid

2023-08-25

The debtor has paid interest for the period 2023-08-25.

Information update

2023-06-26

Information update

2023-05-09

Informacijos atnaujinimas

2023-03-21

Period paid

2023-02-07

The debtor has paid interest for the period 2023-02-03.

Period paid

2023-01-31

The debtor has paid interest for the period 2023-01-31.

Information update

2023-01-30

Information update

2022-11-15

Information update

2022-07-28

Period paid

2022-06-06

The debtor has paid interest for the period 2022-06-06.

Period paid

2022-05-04

The debtor has paid interest for the period 2022-05-04.

Period paid

2022-05-03

The debtor has paid interest for the period 2022-05-03.

Information update

2022-03-27

The borrower has not yet handled the arrests. Periodical instalments are made, agreed to inform about arrests next week.

Information update

2022-02-20

Period paid

2022-01-31

The debtor has paid interest for the period 2022-01-31.

Information update

2022-01-24

Information update

2021-12-20

Information update

2021-12-08

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.

Status update

2021-06-05

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

Possible period delay

2021-04-17

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

Period paid

2021-04-06

The debtor has paid interest for the period 2021-03-18. Payment delay days: 16.

Possible period delay

2021-03-17

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

Period paid

2021-02-24

The debtor has paid interest for the period 2021-02-18. Payment delay days: 6.

Possible period delay

2021-02-19

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

Period paid

2021-01-27

The debtor has paid interest for the period 2021-01-18. Payment delay days: 9.

Possible period delay

2021-01-17

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

Period paid

2020-12-30

The debtor has paid interest for the period 2020-12-18. Payment delay days: 12.

Project title	Interest	Investment size	Price	Bonus/ discount	Offer valid until
Vilties str 20, Nemeikščiai village, Utenos county, Lithuania (refinancing)	10.50 %	498.20 €	429.39 €	-13.81 %	2024-12-05	View offer Details

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Vilties str 20, Nemeikščiai village, Utenos county, Lithuania (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

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Documents

Nordstreet takes the following measures to ensure a safer investment:

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Vilties str 20, Nemeikščiai village, Utenos county, Lithuania (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

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