Projects list

Cabanes, Castellon , Spain (2 stage)

Amount of funding 150 000 €

LTV 28%

Annual interest rate 13.00% - 15.00%

Total expected project return 12.99% - 15.00%

Loan period

12 mo.

Risk

B (medium)

Purpose of the loan

Development loan

Collateral Real estate pledge

Country

Spain

Investors 312

Raised:
150 000 € Goal:
150 000 €

100.00%

Secondary market

Project title	Interest	Investment size	Price	Bonus/ discount	Offer valid until
Cabanes, Castellon , Spain (2 stage)	13.25 %	1 000.00 €	800.00 €	-20.00 %	2024-12-22	View offer Details
Cabanes, Castellon , Spain (2 stage)	13.00 %	500.00 €	533.00 €	6.60 %	2024-12-30	View offer Details
Cabanes, Castellon , Spain (2 stage)	13.25 %	1 000.00 €	1 080.65 €	8.07 %	2024-12-30	View offer Details
Cabanes, Castellon , Spain (2 stage)	13.00 %	100.00 €	90.00 €	-10.00 %	2025-01-01	View offer Details
Cabanes, Castellon , Spain (2 stage)	13.00 %	100.00 €	90.00 €	-10.00 %	2025-01-01	View offer Details
Cabanes, Castellon , Spain (2 stage)	13.00 %	100.00 €	100.00 €	0.00 %	2025-01-03	View offer Details

Project updates

Updating information

2024-12-10

We understand that sometimes our communication pauses can seem long, but we want to assure you that we are doing our best to return your investment and achieve the best results. We continuously monitor the financial situation of borrowers, their actions and their overall situation in order to make the best possible decisions. Thank you for your patience and trust - we appreciate your understanding.

Infromation update

2024-10-03

We understand your tension and anxiety. But we are silent not because we have forgotten or ignored you, but because the processes we have had to engage in are long and demanding and require effort and patience. At the moment, we rarely update information because we ourselves are waiting for news or changes in circumstances. Unfortunately, there are phases that cannot be accelerated and we have to be patient. Forgive the long silences, but we will update you as soon as we do. Best regards, Nordstreet team.

Payment of recovery costs received

2024-07-03

Payment of recovery costs received: 106.27 €

Information update

2024-05-07

Please note that the registration of mortgages is still pending with the public registry and the notary. The lawyers are working to resolve this issue as soon as possible. Best regards, Nordstreet teams.

Information update

2024-01-24

Hello, partners in Spain informed us that before going to court, there is a need to update the mortgage details in the public registers. The lawyers are working on this with the notary who registered the mortgage. The deficiency should be rectified shortly and, once rectified, the process will proceed to court using an action in the required form. Yours sincerely, Nordstreet team.

Information update

2023-12-13

We would like to inform you that our legal partners in Spain - law firm MB Abogados, have prepared an appeal to the court regarding forced recovery from the mortgaged property (Foreclosure). There is a month left before the submission to the court, during which the mortgage registration issues will be processed and the necessary pre-trial collection actions will be performed, letters will be sent by registered mail, calls will be made, and e-mails will be sent. letters. So far, it is not possible to start negotiations with the debtor. We will inform you about the progress of the process. Best regards, Nordstreet team.

The loan has been submitted for recovery

2023-10-03

The agreement was terminated. Initiation of forced execution through the bailiff.

Reminder about the upcoming deadline

2023-09-19

Debtor sent a reminder about the upcoming deadline for payment

Update of information on loan delays

2023-09-08

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

2023-09-02

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2023-08-26

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2023-08-20

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-08-19

Debtor sent a reminder about the upcoming deadline for payment

Possible period delay

2023-08-07

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

Period paid

2023-08-04

The debtor has paid interest for the period 2023-06-19. Payment delay days: 46.

Notification of breach of payment obligation

2023-08-03

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2023-07-27

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2023-07-21

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-07-19

Debtor sent a reminder about the upcoming deadline for payment

Possible period delay

2023-07-10

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

Update of information on loan delays

2023-07-09

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.

Period paid

2023-07-07

The debtor has paid interest for the period 2023-05-19. Payment delay days: 49.

Notification of breach of payment obligation

2023-07-03

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2023-06-26

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2023-06-20

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-06-19

Debtor sent a reminder about the upcoming deadline for payment

Information update

2023-06-07

Please be informed that in the context of projects in Spain, we have received complaints from several borrowers about the excessive compensatory interest rate provided for in the loan agreement, which is not in line with Spanish legislation. To address these complaints and to establish the objective truth, we turned to our legal and recovery partners. We have received clarification from a law firm in Spain that a rate of 0.4% per day of delayed payment is significantly too high and is considered unfair, and cannot be applied, let alone recovered. According to case law and their interpretations, the interest rate should not exceed 0.025% per overdue day if the borrower or the lender of the collateral is a natural person and 0.05% if the borrower and lender of the collateral is a legal person. The 0.05% compensatory interest rate has been applied in this project in line with the above interpretation and in order to avoid the potential additional costs of challenging this contractual clause in court. We regret any inconvenience this change may cause. Please be informed that Nordstreet's administrative fee calculated on the recovered compensatory interest will not be applied in this project. This change to the contract is implemented in accordance with Clause 13.6 of the General Conditions of the Loan Agreement The legal reportprepared by the law firm is available in the "documents" section of the project. Best regards, Nordstreet team.

Possible period delay

2023-05-22

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

Period paid

2023-04-21

The debtor has paid interest for the period 2023-04-19. Payment delay days: 2.

Possible period delay

2023-04-21

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

Notification of breach of payment obligation

2023-04-20

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-04-19

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-03-29

The debtor has paid interest for the period 2023-03-19. Payment delay days: 10.

Possible period delay

2023-03-23

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

Notification of breach of payment obligation

2023-03-20

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-03-19

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-03-15

The debtor has paid interest for the period 2023-02-19. Payment delay days: 17.

Possible period delay

2023-02-22

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

Notification of breach of payment obligation

2023-02-20

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-02-19

Debtor sent a reminder about the upcoming deadline for payment

Business loan terms

About the loan

Purpose of the loan Real estate development

Amount of funding 150 000 €

LTV 28 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 12 mo.

Minimum loan period 6 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

The company has acquired some industrial land near Seville, in the town of Guillena where it is going to build some industrial warehouses which are easy to sell as they are next to the motorway and 15 minutes from Seville in an industrial estate with few warehouses for sale.

The intention is to build the warehouses and sell them at a very competitive price with good qualities and with the half of the sale of the warehouses to be able to pay back the credit.

The liquidity received from the loan and the capital gains from the real estate transactions will also enable it to acquire machinery and increase its productivity and turnover.

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 13 %
Investing from 1 000.00 € - fixed interest 13.25 %
Investing from 3 000.00 € - fixed interest 13.5 %
Investing from 9 000.00 € - fixed interest 13.75 %
Investing from 15 000.00 € - fixed interest 14 %
Investing from 20 000.00 € - 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 12 mo.

Minimum loan period 6 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2023-01-19

Estimated loan repayment date:* 2024-01-01

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 CONTENEDORES OSCAR RUBERT S.L.

Company code B12958708

Company registration address

Company website https://www.oscarrubert.com/

The company CONTENEDORES OSCAR RUBERT S.L. is a company dedicated to the construction of industrial warehouses and earthmoving work on a national level.

Thanks to the provision of containers of 1.5 m3, 5m3, 7m3, crates for pruning. Consult our telephone number for any service you need to transport and manage construction site, garden and pruning waste.

With a long experience in the excavation and earth transport sector, we carry out (after studying the tasks to be carried out) any task of transport, excavation and earth moving, earth supply, demolition, filling, as well as cleaning of estates and land with the machinery that we have.

The company's financial indicators based on 2021 financial statements:

Sales revenue - EUR 444 700 Eur;

Net profit - EUR 30 396 Eur;

Own capital - EUR 196 539 Eur;

Total assets - EUR 3 174 573 Eur.

Loan protection collateral

loan guarantee:

description of the property: plots of building plots close to mortorum, el borseral

it's plot of land for residential use

it includes several subplots located in various polygons of the municipality of cabanes, specifically plots 362, 384 and 579 of polygon 22, plots 50 and 51 of polygon 23, and plot 70 of polygon 30.

in the municipality of oropesa del mar

identification cadastral reference

parcel 362 12033a0/2200362/0000/kr

parcel 384 12033a0/2200384/0000/kp

parcel 579 12033a0/2200579/0000/km

parcel 50 12033a0/2300050/0000/kk

parcel 51 12033a0/2300051/0000/kr

parcel 70 12033a0/3000070/0000/kb

parcel 82 12033a0/3000082/0000/ko

the appraised value is 1.600.802,24 € (one million six hundred thousand eight hundred and twenty two euros and twenty four cents).

file no: 2022/008603/04/01

this report is dated 20 november 2022 and consists of 16 pages.

the property was last visited on 18 november 2022.

the undersigned technician assures that this valuation report has been carried out in compliance with the requirements of incompatibility and secrecy established in r.d.775/1997. valid until 20 may 2023.

Strengths and risks

Strengths:

The first order of real estate pledge - mortgage.

Weaknesses:

Borrower 's activities are in a competitive sector.

Possibilities:

The annual interest rate payable by the borrower is 13.00-15.00%.

Threats:

Uncertain economic situation.
Property is in development stage.
The location of the property is less liquid.
Rising cost of building materials.

Documents

#	File name	File type	Actions
1	20221120Turto vertinimas-Valuation act.pdf
2	7522 23_Legal_report.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

Purpose of the loan Real estate development

Amount of funding 150 000 €

LTV 28 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 12 mo.

Minimum loan period 6 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

The intention is to build the warehouses and sell them at a very competitive price with good qualities and with the half of the sale of the warehouses to be able to pay back the credit.

The liquidity received from the loan and the capital gains from the real estate transactions will also enable it to acquire machinery and increase its productivity and turnover.

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 13 %
Investing from 1 000.00 € - fixed interest 13.25 %
Investing from 3 000.00 € - fixed interest 13.5 %
Investing from 9 000.00 € - fixed interest 13.75 %
Investing from 15 000.00 € - fixed interest 14 %
Investing from 20 000.00 € - fixed interest 14.5 %
Investing from 25 000.00 € - fixed interest 15 %

Loan term and repayment

Loan period 12 mo.

Minimum loan period 6 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2023-01-19

Estimated loan repayment date:* 2024-01-01

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

28%

Report preparation date

2022-11-20

Assessor

Arquitasa SA

loan guarantee:

description of the property: plots of building plots close to mortorum, el borseral

it's plot of land for residential use

it includes several subplots located in various polygons of the municipality of cabanes, specifically plots 362, 384 and 579 of polygon 22, plots 50 and 51 of polygon 23, and plot 70 of polygon 30.

in the municipality of oropesa del mar

identification cadastral reference

parcel 362 12033a0/2200362/0000/kr

parcel 384 12033a0/2200384/0000/kp

parcel 579 12033a0/2200579/0000/km

parcel 50 12033a0/2300050/0000/kk

parcel 51 12033a0/2300051/0000/kr

parcel 70 12033a0/3000070/0000/kb

parcel 82 12033a0/3000082/0000/ko

the appraised value is 1.600.802,24 € (one million six hundred thousand eight hundred and twenty two euros and twenty four cents).

file no: 2022/008603/04/01

this report is dated 20 november 2022 and consists of 16 pages.

the property was last visited on 18 november 2022.

Project updates

Updating information

2024-12-10

Infromation update

2024-10-03

Payment of recovery costs received

2024-07-03

Payment of recovery costs received: 106.27 €

Information update

2024-05-07

Information update

2024-01-24

Information update

2023-12-13

The loan has been submitted for recovery

2023-10-03

The agreement was terminated. Initiation of forced execution through the bailiff.

Reminder about the upcoming deadline

2023-09-19

Debtor sent a reminder about the upcoming deadline for payment

Update of information on loan delays

2023-09-08

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

2023-09-02

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2023-08-26

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2023-08-20

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-08-19

Debtor sent a reminder about the upcoming deadline for payment

Possible period delay

2023-08-07

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

Period paid

2023-08-04

The debtor has paid interest for the period 2023-06-19. Payment delay days: 46.

Notification of breach of payment obligation

2023-08-03

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2023-07-27

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2023-07-21

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-07-19

Debtor sent a reminder about the upcoming deadline for payment

Possible period delay

2023-07-10

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

Update of information on loan delays

2023-07-09

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.

Period paid

2023-07-07

The debtor has paid interest for the period 2023-05-19. Payment delay days: 49.

Notification of breach of payment obligation

2023-07-03

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2023-06-26

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2023-06-20

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-06-19

Debtor sent a reminder about the upcoming deadline for payment

Information update

2023-06-07

Possible period delay

2023-05-22

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

Period paid

2023-04-21

The debtor has paid interest for the period 2023-04-19. Payment delay days: 2.

Possible period delay

2023-04-21

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

Notification of breach of payment obligation

2023-04-20

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-04-19

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-03-29

The debtor has paid interest for the period 2023-03-19. Payment delay days: 10.

Possible period delay

2023-03-23

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

Notification of breach of payment obligation

2023-03-20

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-03-19

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-03-15

The debtor has paid interest for the period 2023-02-19. Payment delay days: 17.

Possible period delay

2023-02-22

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

Notification of breach of payment obligation

2023-02-20

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-02-19

Debtor sent a reminder about the upcoming deadline for payment

Secondary market

Project title	Interest	Investment size	Price	Bonus/ discount	Offer valid until
Cabanes, Castellon , Spain (2 stage)	13.25 %	1 000.00 €	800.00 €	-20.00 %	2025-01-05	View offer Details
Cabanes, Castellon , Spain (2 stage)	13.00 %	500.00 €	533.00 €	6.60 %	2025-01-13	View offer Details
Cabanes, Castellon , Spain (2 stage)	13.25 %	1 000.00 €	1 080.65 €	8.07 %	2025-01-13	View offer Details
Cabanes, Castellon , Spain (2 stage)	13.00 %	100.00 €	90.00 €	-10.00 %	2025-01-15	View offer Details
Cabanes, Castellon , Spain (2 stage)	13.00 %	100.00 €	90.00 €	-10.00 %	2025-01-15	View offer Details
Cabanes, Castellon , Spain (2 stage)	13.00 %	100.00 €	100.00 €	0.00 %	2025-01-17	View offer Details

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Cabanes, Castellon , Spain (2 stage)

About the loan

Investment from 100.00 €.

Interest

Annual interest rate

Loan term and repayment

Strengths:

Weaknesses:

Possibilities:

Threats:

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

Strengths:

Weaknesses:

Possibilities:

Threats:

Documents

Nordstreet takes the following measures to ensure a safer investment:

Project updates

Secondary market

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Cabanes, Castellon , Spain (2 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

Strengths:

Weaknesses:

Possibilities:

Threats:

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

Strengths:

Weaknesses:

Possibilities:

Threats:

Documents

Nordstreet takes the following measures to ensure a safer investment:

Project updates

Secondary market

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