Projects list

Vilniaus str. 38B, Putiniškės, Vilnius district, Lithuania

Project finished

Amount of funding 190 000 €

LTV 56%

Annual interest rate 11.50%

Total expected project return 11.49%

Loan period

12 mo.

Risk

B (medium)

Purpose of the loan

Development loan

Collateral Real estate pledge

Country

Lithuania

Investors 207

Raised:
190 000 € Goal:
190 000 €

100.00%

Project updates

Information update

2022-07-19

The process of the forced sale of assets was somewhat delayed by the fact that the borrower's manager was restricted from holding the position of manager of any legal entity, so it was necessary to appoint a corporate curator. Currently, the request to appoint a curator is being decided by the court. After the court approves the curator, the forced collection of the debt from the mortgaged property will continue. It is likely that the tenders for the mortgaged property will be announced within the month.

Loan repaid

2020-12-04

The debtor has repaid the loan. Duration of loan 364 d.

Period paid

2020-10-12

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

Period paid

2020-09-14

The debtor has paid interest for the period 2020-09-06. Payment delay days: 8.

Period paid

2020-08-03

The debtor has paid interest for the period 2020-08-06.

Period paid

2020-07-09

The debtor has paid interest for the period 2020-07-06. Payment delay days: 3.

Period paid

2020-06-10

The debtor has paid interest for the period 2020-06-06. Payment delay days: 4.

Period paid

2020-05-08

The debtor has paid interest for the period 2020-05-06. Payment delay days: 2.

Period paid

2020-04-15

The debtor has paid interest for the period 2020-04-06. Payment delay days: 9.

Possible period delay

2020-04-05

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

Period paid

2020-03-05

The debtor has paid interest for the period 2020-03-06.

Period paid

2020-02-07

The debtor has paid interest for the period 2020-02-06. Payment delay days: 1.

Possible period delay

2020-02-05

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 2020-01-06.

Business loan terms

About the loan

Amount of funding 190 000 €

LTV 56 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 12 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 11.5 %

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 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2019-12-06

Estimated loan repayment date:* 2020-12-06

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 "Suntracker LT"

Company registration address

Project Developer - Private Limited Company Suntracker LT, whose board of directors is affiliated with SORETTO holding B.V. Dutch company engaged in furniture production and sales throughout Europe in Lithuania. Shareholders and management of the company have experience in real estate investments, their management and administration and are planning to build a planned administrative and warehousing project in Lithuania, which will produce part of production for other markets.

Loan protection collateral

Loan

The funding will require € 190,000 to be used for further land construction and the preparation of the planned building.

Loan collateral

First-line mortgages on existing real estate - Mortgage.

The value of the property is € 341,000. The full property valuation is uploaded in the Documents section.

The loan will be repaid from the company's operating income, sale of assets, lease or refinancing the loan.

Investment risk: B (medium)

LTV: 56%

Mortgaged property: The value of the pledged property is € 341,000. Appraised land without building permit.

Interest:

Investing from 100 € - interest 11.5%
Investing from € 5,000 - 12% interest
Investing from € 10,000 - 12,5% interest

Interest on the loan is calculated from the end date of the auction and is paid monthly. Under special offers, the interest rate for investors may differ from those described above.

Loan Period

Loan term: 12 months (with option to repay earlier, but not earlier than 4 months).

If the Borrower repays the Loan Amount or part thereof less than 4 months after the due date of 12 months, the Borrower undertakes to pay interest to the Lender for a period of 4 months. After a period of 4 months, the Borrower may repay the loan at no additional charge.

Company loan repayment period

Start of project: 2019 11 30

Expected project completion: 2020 08 10 - 2020 10 10

Strengths and risks

Documents

#	File name	File type	Actions
1	Doc 06 Aug 2019, 08 12.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 190 000 €

LTV 56 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 12 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 11.5 %

Loan term and repayment

Loan period 12 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2019-12-06

Estimated loan repayment date:* 2020-12-06

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

Commercial

Mortgage rank

First order mortgage

LTV

56%

Loan

The funding will require € 190,000 to be used for further land construction and the preparation of the planned building.

Loan collateral

First-line mortgages on existing real estate - Mortgage.

The value of the property is € 341,000. The full property valuation is uploaded in the Documents section.

The loan will be repaid from the company's operating income, sale of assets, lease or refinancing the loan.

Investment risk: B (medium)

LTV: 56%

Mortgaged property: The value of the pledged property is € 341,000. Appraised land without building permit.

Interest:

Investing from 100 € - interest 11.5%
Investing from € 5,000 - 12% interest
Investing from € 10,000 - 12,5% interest

Interest on the loan is calculated from the end date of the auction and is paid monthly. Under special offers, the interest rate for investors may differ from those described above.

Loan Period

Loan term: 12 months (with option to repay earlier, but not earlier than 4 months).

Company loan repayment period

Start of project: 2019 11 30

Expected project completion: 2020 08 10 - 2020 10 10

Project updates

Information update

2022-07-19

Loan repaid

2020-12-04

The debtor has repaid the loan. Duration of loan 364 d.

Period paid

2020-10-12

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

Period paid

2020-09-14

The debtor has paid interest for the period 2020-09-06. Payment delay days: 8.

Period paid

2020-08-03

The debtor has paid interest for the period 2020-08-06.

Period paid

2020-07-09

The debtor has paid interest for the period 2020-07-06. Payment delay days: 3.

Period paid

2020-06-10

The debtor has paid interest for the period 2020-06-06. Payment delay days: 4.

Period paid

2020-05-08

The debtor has paid interest for the period 2020-05-06. Payment delay days: 2.

Period paid

2020-04-15

The debtor has paid interest for the period 2020-04-06. Payment delay days: 9.

Possible period delay

2020-04-05

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

Period paid

2020-03-05

The debtor has paid interest for the period 2020-03-06.

Period paid

2020-02-07

The debtor has paid interest for the period 2020-02-06. Payment delay days: 1.

Possible period delay

2020-02-05

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 2020-01-06.

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Vilniaus str. 38B, Putiniškės, Vilnius district, 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

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Business loan #00342

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Vilniaus str. 38B, Putiniškės, Vilnius district, 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!