Purpose of a business loan
The refinancing requires an amount of € 162 000 which will be used to resolve the loan period until the best conditions are discussed, found and signed, in the procedure of selling the premises, to potential buyers.
Loan collateral
Mortgage of the first line of existing real estate - Mortgage. The loan will be repaid from the sale of the company's development assets, current and future profits or after refinancing the loan.
Investment risk: C (higher)
LTV: 61%
Pledged property: 186.15 m2 of total non-residential administrative premises with a shop, Kalvarijų str.125, Vilnius.
Value of mortgaged property: € 266 000
Interest:
- When investing from 100 € - interest 14%
- When investing from € 5,000 - interest 14.5%
- When investing from 10,000 € - interest 15%
- When investing from € 30,000 - interest 15.5%
Loan term
6 months (with the possibility of repayment earlier, but not earlier than after a period of 1 months).
If the Borrower repays the Loan amount or a part thereof earlier than 1 month after the due date of 6 months, he undertakes to pay interest to the Lender for a period of 1 month. After a period of 1 month, the Borrower may repay the loan (together with the applicable interest) without any additional fees.
By investing in a project, financiers acquire claim rights. Nordstreet does not make it possible to transfer these acquired claim rights to other persons on its platform.
Company loan repayment period
Estimated start date of the loan: 2021 05 30
Expected repayment date of the loan: 2021 07 01 - 2021 08 01