Projects list

Vilniaus str.36A ir 38, Putiniškės, Vilnius district, Lithuania

Project finished

Amount of funding 215 000 €

LTV 45%

Annual interest rate 13.50% - 15.00%

Total expected project return 16.87% - 18.75%

Loan period

15 mo.

Risk

A (low)

Purpose of the loan

Development loan

Collateral Real estate pledge

Country

Lithuania

Investors 75

Raised:
215 000 € Goal:
215 000 €

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.

Period paid

2021-08-26

The debtor has paid interest for the period 2021-08-26.

Period paid

2021-08-13

The debtor has paid interest for the period 2021-07-28. Payment delay days: 16.

Period paid

2021-08-13

The debtor has paid interest for the period 2021-06-28. Payment delay days: 46.

Period paid

2021-08-13

The debtor has paid interest for the period 2021-05-28. Payment delay days: 77.

Reminder about the upcoming deadline

2021-07-28

Debtor sent a reminder about the upcoming deadline for payment

Update of information on loan delays

2021-07-18

Communication with the debtor is in progress. A solution is sought to pay the overdue amount. We would also like to remind you that late interest is charged for each day of delay.

Notification of breach of payment obligation

2021-07-12

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2021-07-05

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2021-06-29

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2021-06-28

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-06-10

The debtor has paid interest for the period 2021-04-28. Payment delay days: 43.

Possible period delay

2021-05-27

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

Possible period delay

2021-04-29

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

Period paid

2021-04-07

The debtor has paid interest for the period 2021-03-28. Payment delay days: 10.

Period paid

2021-03-29

The debtor has paid interest for the period 2021-02-28. Payment delay days: 29.

Possible period delay

2021-03-27

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

Possible period delay

2021-02-27

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

Period paid

2021-02-02

The debtor has paid interest for the period 2021-01-28. Payment delay days: 5.

Possible period delay

2021-01-29

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

Period paid

2021-01-07

The debtor has paid interest for the period 2020-12-28. Payment delay days: 10.

Period paid

2020-12-04

The debtor has paid interest for the period 2020-11-28. Payment delay days: 6.

Period paid

2020-11-04

The debtor has paid interest for the period 2020-10-28. Payment delay days: 7.

Period paid

2020-10-06

The debtor has paid interest for the period 2020-09-28. Payment delay days: 8.

Period paid

2020-08-31

The debtor has paid interest for the period 2020-08-28. Payment delay days: 3.

Period paid

2020-07-31

The debtor has paid interest for the period 2020-07-28. Payment delay days: 3.

Period paid

2020-06-29

The debtor has paid interest for the period 2020-06-28. Payment delay days: 1.

Business loan terms

About the loan

Amount of funding 215 000 €

LTV 45 %

Risk A (low)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 15 mo.

Minimum loan period 6 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 13.5 %
Investing from 25 000.00 € - fixed interest 15 %
Investing from 5 000.00 € - fixed interest 14 %
Investing from 12 500.00 € - fixed interest 14.5 %
Investing from 25 000.00 € - fixed interest 15 %

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 15 mo.

Minimum loan period 6 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2020-05-28

Estimated loan repayment date:* 2021-08-28

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 "Suntracker LT"

Company registration address

Project developer - Closed Joint-Stock Company "Suntracker LT", the board and shareholders of which are related to SORETTO holding B.V. Representative of a Dutch company engaged in the production and sale of furniture throughout Europe in Lithuania. The company's shareholders and management have experience with real estate investments, their management and administration, and in Lithuania they plan to build a planned administrative and warehousing project, which will produce part of the products for other markets. The company's total balance sheet assets amount to more than EUR 0.5 million.

IMPORTANT! The project owner successfully pays interest on the Nordstreet platform.

Loan protection collateral

Loan

The financing requires an amount of € 215,000, which will be used to free up the company's capital and working capital, for the development and redemption of the real estate project.

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: A (low)

LTV: 45%

Pledged property: Land plots - for other, administrative and production object territory purposes (one of the plots with a construction permit), the area of which is 1.14 hectares, located at Vilniaus str.36A ir 38, Putiniškės, Vilnius district.

Value of mortgaged property: € 473,000

Interest:

When investing from 100 € - interest 13.5%
When investing from 5,000 € - interest 14%
When investing from € 12,500 - interest 14.5%
When investing from 25,000 € - interest 15%

Loan term

15 months (with the possibility of repayment earlier, but not earlier than after a period of 6 months).

If the Borrower repays the Loan amount or a part thereof earlier than 6 months after the due date of 15 months, it undertakes to pay interest to the Lender for a period of 6 months. After a period of 6 months, 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: 2020 06 08

Expected repayment date of the loan: 2021 06 01 - 2021 08 01

Strengths and risks

Documents

#	File name	File type	Actions
1	Putiniskes 36a38 landavaluation..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 215 000 €

LTV 45 %

Risk A (low)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 15 mo.

Minimum loan period 6 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 13.5 %
Investing from 25 000.00 € - fixed interest 15 %
Investing from 5 000.00 € - fixed interest 14 %
Investing from 12 500.00 € - fixed interest 14.5 %
Investing from 25 000.00 € - fixed interest 15 %

Loan term and repayment

Loan period 15 mo.

Minimum loan period 6 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2020-05-28

Estimated loan repayment date:* 2021-08-28

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

Commercial

Mortgage rank

First order mortgage

LTV

45%

Loan

The financing requires an amount of € 215,000, which will be used to free up the company's capital and working capital, for the development and redemption of the real estate project.

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: A (low)

LTV: 45%

Value of mortgaged property: € 473,000

Interest:

When investing from 100 € - interest 13.5%
When investing from 5,000 € - interest 14%
When investing from € 12,500 - interest 14.5%
When investing from 25,000 € - interest 15%

Loan term

15 months (with the possibility of repayment earlier, but not earlier than after a period of 6 months).

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: 2020 06 08

Expected repayment date of the loan: 2021 06 01 - 2021 08 01

Project updates

Information update

2022-07-19

Period paid

2021-08-26

The debtor has paid interest for the period 2021-08-26.

Period paid

2021-08-13

The debtor has paid interest for the period 2021-07-28. Payment delay days: 16.

Period paid

2021-08-13

The debtor has paid interest for the period 2021-06-28. Payment delay days: 46.

Period paid

2021-08-13

The debtor has paid interest for the period 2021-05-28. Payment delay days: 77.

Reminder about the upcoming deadline

2021-07-28

Debtor sent a reminder about the upcoming deadline for payment

Update of information on loan delays

2021-07-18

Communication with the debtor is in progress. A solution is sought to pay the overdue amount. We would also like to remind you that late interest is charged for each day of delay.

Notification of breach of payment obligation

2021-07-12

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2021-07-05

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2021-06-29

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2021-06-28

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-06-10

The debtor has paid interest for the period 2021-04-28. Payment delay days: 43.

Possible period delay

2021-05-27

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

Possible period delay

2021-04-29

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

Period paid

2021-04-07

The debtor has paid interest for the period 2021-03-28. Payment delay days: 10.

Period paid

2021-03-29

The debtor has paid interest for the period 2021-02-28. Payment delay days: 29.

Possible period delay

2021-03-27

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

Possible period delay

2021-02-27

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

Period paid

2021-02-02

The debtor has paid interest for the period 2021-01-28. Payment delay days: 5.

Possible period delay

2021-01-29

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

Period paid

2021-01-07

The debtor has paid interest for the period 2020-12-28. Payment delay days: 10.

Period paid

2020-12-04

The debtor has paid interest for the period 2020-11-28. Payment delay days: 6.

Period paid

2020-11-04

The debtor has paid interest for the period 2020-10-28. Payment delay days: 7.

Period paid

2020-10-06

The debtor has paid interest for the period 2020-09-28. Payment delay days: 8.

Period paid

2020-08-31

The debtor has paid interest for the period 2020-08-28. Payment delay days: 3.

Period paid

2020-07-31

The debtor has paid interest for the period 2020-07-28. Payment delay days: 3.

Period paid

2020-06-29

The debtor has paid interest for the period 2020-06-28. Payment delay days: 1.

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Vilniaus str.36A ir 38, 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

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Vilniaus str.36A ir 38, 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

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

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