We are supervised by
Jūrkalnes st. 62 and 62A, Riga, Latvia (5 stage)
Amount of funding
101 400 €
LTV
60%
Annual interest rate
12.00% - 13.50%
Total expected project return
11.00% - 12.37%
Loan period
11 mo.
Risk
B (medium)
Purpose of the loan
Development loan
Collateral
Real estate pledge
Country
Latvia
Latvia
Investors
135
Raised:
101 400 € Goal:
101 400 €
101 400 € Goal:
101 400 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | Vertinimo atskaita Jūrkalnes iela 62, Rīga 447 000 EUR.pdf |
|
|
| 2 | Vertinimo atskaita Jūrkalnes iela 62A, Rīga 184 000 EUR.pdf |
|
|
| 3 | 28_07_2023_10_09_Statybos_leidimas.pdf |
|
|
| 4 | ŽSP Jūrkalnes iela 62, Rīga.pdf |
|
|
| 5 | ŽSP Jūrkalnes iela 62A, Rīga.pdf |
|
|
| 6 | Nordspace_Jurkalnes_Construction_Project.pdf |
|
|
| 7 | Riga_Jurkalnes_62_NTV_Final.pdf |
|
|
| 8 | PIID (5 etapas) Jūrkalnes.pdf |
|
About the loan
Purpose of the loan
Real estate development
Amount of funding
101 400 €
LTV
60 %
Risk
B (medium)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
11 mo.
Minimum loan period
4 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
First order mortgage
Amount allocated by project owner
320 000.00 €
Purpose of the loan
Funding requires an amount of EUR 480,000, which is divided into phases. The first 4 stages have already been financed. The borrower, having completed part of the work, revalued the object (property valuation report dated 03/21/2024) and determined the current market value of the property - EUR 800,000. In view of this, the Borrower applied for additional financing of EUR 101,400 while maintaining the same asset-to-loan ratio (60%). The loan funds will be used for immovable objects, i.e. two service buildings in Jūrkalnes str. 62 and 62A, in Riga, Latvia, for the construction and installation of outdoor engineering networks and facilities and other structures (parking lots, driveways, passages, fences). It is planned to build 2,122 sq.m. m total area of two commercial buildings. The loan will be repaid by refinancing it in another financial institution, from the sale of assets or from company income. The amount that the project owner himself allocates to the project is EUR 320,000.
About the project
The project - two service buildings intended for automated goods reception/issuance activities. The buildings are one-story with a mezzanine (~6m high). The buildings consist of rooms of different sizes, each of which has a separate entrance from the outside. The area is accessed by one 5.5 m wide entrance from Jūrkalnes street. A roundabout is planned around both buildings. 36 parking spaces are installed along the long facades of the buildings. One place - for one goods reception - issue point. Main driveways, parking lots and sidewalks will be constructed of concrete pavers.
Two service buildings are designed, which are built perpendicular to each other. In the middle of the buildings, common building administration rooms are installed. The premises of the buildings are intended for small companies and individuals engaged in electronic commerce, for whom it is relevant to have small automated points of receipt/issuance of goods.
Both buildings will consist of main rooms (receiving/issuing goods) with entrances from the outside and auxiliary rooms with separate entrances for servicing the building complex. Parking spaces are installed along all premises, at the entrances to them. All goods receiving/dispensing facilities will be managed through a mobile application. Each room is accessed directly from the outside through a door in the gate or a door next to the gate. The gate, with dimensions of 250cmx285cm, is designed to comfortably bring in larger items. Both buildings are one-story with tech. sites where a technological site is installed. In all rooms, it is possible to install WC facilities according to the needs of the users of the rooms. The buildings have technical premises for engineering inputs, administration of the complex, as well as a shared WC room adapted for people with disabilities.
The exterior walls of the buildings are multi-layer panels of two colors. Gates and doors are equipped with translucent materials through which light enters the premises. The roofs of the buildings are gabled. Water runs off the roof through downpipes installed on the facade. At the edges of the facades, openwork, decorative elements made of metal tubular profiles are installed.
Interior decoration of the walls - multi-layer panels (facade walls) and plasterboard partitions filled with cotton wool. The floor is concrete. Toilet facilities are provided as needed. Technological sites are equipped according to the needs of the tenants. The installation of a ladder or lift (up to 3t) is specified according to the need and technology.
More about the project (see Documents).
Investment from 50.00 €.
Interest
Annual interest rate
- Investing from 50.00 € - fixed interest 12 %
- Investing from 5 000.00 € - fixed interest 12.5 %
- Investing from 10 000.00 € - fixed interest 13 %
- Investing from 15 000.00 € - fixed interest 13.5 %
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
4 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2024-07-22
Estimated loan repayment date:*
2025-06-04
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
Latest loans
With Nordstreet everyone can become an investor! Register now and start investing!
-
Annual interest rate
16% - 16%
- Investors 43
- LTV 0%
- Risk group B (medium)
- Months 24
- Collateral Guarantees / surety
Lithuania
Fully invested
The status indicates that the necessary funds have been raised to finance the loan, but the transaction has not yet taken place and is currently in the process of fulfilling the loan disbursement conditions (mortgage etc). At this
stage, the interest does not count. Interest starts to run after the loan is paid to the debtor and the project
status changes to "Processing". By default, fulfillment takes 2-3 weeks.
Business loan #00337 (2 stage)
Raised:
12 000 € Goal:
12 000 €
12 000 € Goal:
12 000 €
100%
Need a Business Development Loan?
Grow your business faster! Getting a business loan secured through mortgage is much easier and faster with Nordstreet.
Why apply to Nordstreet for a business loan?
- Advertising and comfortable returns
- Speed and your choice when to return the loan
- Competence and simplicity
Success
Warning
- Invest from 50.00 €
- Average return 12.72%
- Exclusive investment offers
- Property backedloans
