Projects list

Vilties str 20, Nemeikščiai village, Utenos county, Lithuania (2nd stage)

Project finished

Amount of funding 29 700 €

LTV 60%

Annual interest rate 10.50%

Total expected project return 9.62%

Loan period

11 mo.

Risk

A (low)

Purpose of the loan

Development loan

Collateral Real estate pledge

Country

Lithuania

Investors 59

Raised:
29 700 € Goal:
29 700 €

100.00%

Project updates

Loan repaid

2020-11-17

The debtor has repaid the loan. Duration of loan 396 d.

Period paid

2020-11-17

The debtor has paid interest for the period 2020-09-18. Payment delay days: 55.

Period paid

2020-09-07

The debtor has paid interest for the period 2020-08-18. Payment delay days: 20.

Period paid

2020-08-26

The debtor has paid interest for the period 2020-07-18. Payment delay days: 39.

Period paid

2020-06-18

The debtor has paid interest for the period 2020-06-18.

Period paid

2020-05-26

The debtor has paid interest for the period 2020-05-18. Payment delay days: 8.

Period paid

2020-05-26

The debtor has paid interest for the period 2020-04-18. Payment delay days: 6.

Period paid

2020-05-26

The debtor has paid interest for the period 2020-03-18. Payment delay days: 37.

Period paid

2020-05-26

The debtor has paid interest for the period 2020-02-18. Payment delay days: 10.

Period paid

2020-05-26

The debtor has paid interest for the period 2020-01-18. Payment delay days: 2.

Possible period delay

2020-05-17

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

Possible period delay

2020-04-17

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

Possible period delay

2020-03-17

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

Possible period delay

2020-02-17

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

Part return

2020-01-31

The debtor has made a partial repayment of the loan. Amount Refunded: 8794 €.

Possible period delay

2020-01-17

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

Period paid

2019-12-20

The debtor has paid interest for the period 2019-12-18. Payment delay days: 1.

Possible period delay

2019-12-17

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

Period paid

2019-11-18

The debtor has paid interest for the period 2019-11-18.

Business loan terms

About the loan

Amount of funding 29 700 €

LTV 60 %

Risk A (low)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 11 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 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 11 mo.

Minimum loan period 2 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2019-10-18

Estimated loan repayment date:* 2020-09-18

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

Loan protection collateral

Loan

The remaining € 35,000 is needed to fund this phase.

Total financing amount is € 121,000 which will be used for the purchase and renovation of the building. € 86,000 raised in Stage I.

Loan collateral

First-line mortgage on existing real estate - Mortgage.

The value of the property is € 200 100.

Additional protection: personal surety of the supervisor.

Investment risk: A (low)

LTV: LTV 17% Phase II (60% overall for the two phases)

Mortgaged property

The value of the pledged property is € 200 100:

1) 0,5632 sq.m land / other / industrial warehousing sites with area

2) 150.83 sq.m building - warehouse with area

3) other engineering structures - yard structures

Interest:

Investing from 100 € - interest 10,5%
Investing from 2,500 € - interest 11%
Investing from 7,500 € - interest 11.5%
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: 11 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 11 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 10 18

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

Strengths and risks

Documents

#	File name	File type	Actions
1	Turto vertinimas - įkelta 2019-09-11.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 29 700 €

LTV 60 %

Risk A (low)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 11 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 10.5 %

Loan term and repayment

Loan period 11 mo.

Minimum loan period 2 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2019-10-18

Estimated loan repayment date:* 2020-09-18

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

60%

Loan

The remaining € 35,000 is needed to fund this phase.

Total financing amount is € 121,000 which will be used for the purchase and renovation of the building. € 86,000 raised in Stage I.

Loan collateral

First-line mortgage on existing real estate - Mortgage.

The value of the property is € 200 100.

Additional protection: personal surety of the supervisor.

Investment risk: A (low)

LTV: LTV 17% Phase II (60% overall for the two phases)

Mortgaged property

The value of the pledged property is € 200 100:

1) 0,5632 sq.m land / other / industrial warehousing sites with area

2) 150.83 sq.m building - warehouse with area

3) other engineering structures - yard structures

Interest:

Investing from 100 € - interest 10,5%
Investing from 2,500 € - interest 11%
Investing from 7,500 € - interest 11.5%
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: 11 months (with option to repay earlier, but not earlier than 2 months).

Loan repayment period

Expected loan start date: 2019 10 18

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

Project updates

Loan repaid

2020-11-17

The debtor has repaid the loan. Duration of loan 396 d.

Period paid

2020-11-17

The debtor has paid interest for the period 2020-09-18. Payment delay days: 55.

Period paid

2020-09-07

The debtor has paid interest for the period 2020-08-18. Payment delay days: 20.

Period paid

2020-08-26

The debtor has paid interest for the period 2020-07-18. Payment delay days: 39.

Period paid

2020-06-18

The debtor has paid interest for the period 2020-06-18.

Period paid

2020-05-26

The debtor has paid interest for the period 2020-05-18. Payment delay days: 8.

Period paid

2020-05-26

The debtor has paid interest for the period 2020-04-18. Payment delay days: 6.

Period paid

2020-05-26

The debtor has paid interest for the period 2020-03-18. Payment delay days: 37.

Period paid

2020-05-26

The debtor has paid interest for the period 2020-02-18. Payment delay days: 10.

Period paid

2020-05-26

The debtor has paid interest for the period 2020-01-18. Payment delay days: 2.

Possible period delay

2020-05-17

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

Possible period delay

2020-04-17

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

Possible period delay

2020-03-17

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

Possible period delay

2020-02-17

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

Part return

2020-01-31

The debtor has made a partial repayment of the loan. Amount Refunded: 8794 €.

Possible period delay

2020-01-17

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

Period paid

2019-12-20

The debtor has paid interest for the period 2019-12-18. Payment delay days: 1.

Possible period delay

2019-12-17

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

Period paid

2019-11-18

The debtor has paid interest for the period 2019-11-18.

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Vilties str 20, Nemeikščiai village, Utenos county, Lithuania (2nd stage)

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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Join the Nordstreet investor community!

Vilties str 20, Nemeikščiai village, Utenos county, Lithuania (2nd stage)

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

Vilniaus st. 38/38A/38B, Putiniškių vil., Sudervės mun., Vilniaus d., Lithuania (7 stage)

Business loan #00359 (1 stage)

Business loan #00369

Business loan #00357 (3 stage)

Business loan #00368 (1 stage)

Business loan #00367

Vilniaus st. 38/38A/38B, Putiniškių vil., Sudervės mun., Vilniaus d., Lithuania (6 stage)

Need a Business Development Loan?

News

Join the Nordstreet investor community!