Projects list

Land project in Latgalos str. Palangos city municipality, Lithuania

Project finished

Amount of funding 197 500 €

LTV 50%

Annual interest rate 11.00% - 12.25%

Total expected project return 12.83% - 14.29%

Loan period

14 mo.

Risk

C (higher)

Purpose of the loan

Development loan

Collateral Real estate pledge

Country

Lithuania

Investors 190

Raised:
197 500 € Goal:
197 500 €

100.00%

Project updates

Period paid

2021-06-15

The debtor has paid interest for the period 2021-06-18.

Reminder about the upcoming deadline

2021-07-18

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-07-18

The debtor has paid interest for the period 2021-07-18.

Reminder about the upcoming deadline

2021-08-18

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-08-18

The debtor has paid interest for the period 2021-08-18.

Reminder about the upcoming deadline

2021-09-18

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-09-18

The debtor has paid interest for the period 2021-09-18.

Period paid

2021-10-08

The debtor has paid interest for the period 2021-10-18.

Period paid

2021-11-08

The debtor has paid interest for the period 2021-11-18.

Reminder about the upcoming deadline

2021-12-18

Debtor sent a reminder about the upcoming deadline for payment

Notification of breach of payment obligation

2021-12-19

A reminder of breach of payment was sent to the Debtor

Possible period delay

2021-12-20

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

Period paid

2021-12-20

The debtor has paid interest for the period 2021-12-18.

Period paid

2022-01-14

The debtor has paid interest for the period 2022-01-18.

Period paid

2022-02-17

The debtor has paid interest for the period 2022-02-18.

Business loan terms

About the loan

Amount of funding 197 500 €

LTV 50 %

Risk C (higher)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 14 mo.

Minimum loan period 3 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Investment from 100 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 11 %
Investing from 1 500.00 € - fixed interest 11.5 %
Investing from 500.00 € - fixed interest 11.25 %
Investing from 3 000.00 € - fixed interest 11.75 %
Investing from 9 000.00 € - fixed interest 12 %
Investing from 15 000.00 € - fixed interest 12.25 %

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 14 mo.

Minimum loan period 3 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2021-05-18

Estimated loan repayment date:* 2022-08-12

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 LTD Ritata

Company registration address

LTD "Ritata" is engaged in concluding, purchasing, selling and developing real estate contracts.

The company's shareholders have experience, are well acquainted with the specifics of their work in real estate, have been engaged in real estate transactions in the market for more than 4 years. In 2021 the Company value of the balance sheet assets amounts to more than 0.5 mln and the company's projected profit is 0.1 million euros.

Loan protection collateral

Purpose of a business loan

The funding required for this phase is EUR 197 500, which will be used for development and construction works of the project.

Loan collateral

First-line mortgage on existing real estate. The loan will be repaid upon sale of the company's development assets, from the company's profits or after refinancing the loan.

Investment risk: C (higher)

LTV: 50%

Pledged property: 9 residential plots with a total area of 1.5314 ha, located in Latgalos str. Palanga City Municipality, Lithuania.

Value of pledged property: EUR 395 000

Interest:

• When investing from 100 EUR - interest 11%

• When investing from EUR 500 - interest 11.25%

• When investing from 1 500 EUR - interest 11.5%

• When investing from 3 000 EUR - interest 11.75%

• When investing from 9 000 EUR - interest 12%

• When investing from 15 000 EUR - interest 12.25%

To invest larger amounts, contact info@nordstreet.com.

Loan Term

15 months (with the possibility to return the money earlier, but not earlier than after a period of 3 months).

If the borrower repays the loan amount or part of it earlier than 3 months before the 15-month term, he undertakes to pay interest for a period of 3 months. After a period of 3 months, the borrower can repay the loan (with applicable interest) at no extra charge.

Company loan repayment period

Estimated start date of the loan: 2020 05 25

Estimated repayment date of the loan: 2022 03 01 - 2022 04 01

Strengths and risks

SWOT analysis of the project beneficiary:

Strenghts: - First rank joint mortgage on existing 9 real estate plots;

Weaknesses: - Exclusive real estate project and selling period is longer.

- The borrower's company is new.

Opportunities: - The borrower's expected average annual interest rate payable is 11 - 12.25%.

Threats: - Unstable economic situation, plots are less liquid.

Documents

#	File name	File type	Actions
1	PropertyvaluationLatgalos g., Palanga.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 197 500 €

LTV 50 %

Risk C (higher)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 14 mo.

Minimum loan period 3 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Investment from 100 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 11 %
Investing from 1 500.00 € - fixed interest 11.5 %
Investing from 500.00 € - fixed interest 11.25 %
Investing from 3 000.00 € - fixed interest 11.75 %
Investing from 9 000.00 € - fixed interest 12 %
Investing from 15 000.00 € - fixed interest 12.25 %

Loan term and repayment

Loan period 14 mo.

Minimum loan period 3 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2021-05-18

Estimated loan repayment date:* 2022-08-12

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

Residential

Mortgage rank

First order mortgage

LTV

50%

Purpose of a business loan

The funding required for this phase is EUR 197 500, which will be used for development and construction works of the project.

Loan collateral

First-line mortgage on existing real estate. The loan will be repaid upon sale of the company's development assets, from the company's profits or after refinancing the loan.

Investment risk: C (higher)

LTV: 50%

Pledged property: 9 residential plots with a total area of 1.5314 ha, located in Latgalos str. Palanga City Municipality, Lithuania.

Value of pledged property: EUR 395 000

Interest:

• When investing from 100 EUR - interest 11%

• When investing from EUR 500 - interest 11.25%

• When investing from 1 500 EUR - interest 11.5%

• When investing from 3 000 EUR - interest 11.75%

• When investing from 9 000 EUR - interest 12%

• When investing from 15 000 EUR - interest 12.25%

To invest larger amounts, contact info@nordstreet.com.

Loan Term

15 months (with the possibility to return the money earlier, but not earlier than after a period of 3 months).

Company loan repayment period

Estimated start date of the loan: 2020 05 25

Estimated repayment date of the loan: 2022 03 01 - 2022 04 01

Project updates

Period paid

2021-06-15

The debtor has paid interest for the period 2021-06-18.

Reminder about the upcoming deadline

2021-07-18

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-07-18

The debtor has paid interest for the period 2021-07-18.

Reminder about the upcoming deadline

2021-08-18

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-08-18

The debtor has paid interest for the period 2021-08-18.

Reminder about the upcoming deadline

2021-09-18

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-09-18

The debtor has paid interest for the period 2021-09-18.

Period paid

2021-10-08

The debtor has paid interest for the period 2021-10-18.

Period paid

2021-11-08

The debtor has paid interest for the period 2021-11-18.

Reminder about the upcoming deadline

2021-12-18

Debtor sent a reminder about the upcoming deadline for payment

Notification of breach of payment obligation

2021-12-19

A reminder of breach of payment was sent to the Debtor

Possible period delay

2021-12-20

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

Period paid

2021-12-20

The debtor has paid interest for the period 2021-12-18.

Period paid

2022-01-14

The debtor has paid interest for the period 2022-01-18.

Period paid

2022-02-17

The debtor has paid interest for the period 2022-02-18.

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Land project in Latgalos str. Palangos city municipality, Lithuania

About the loan

Investment from 100 €.

Interest

Annual interest rate

Loan term and repayment

Nordstreet takes the following measures to ensure a safer investment:

About the loan

Investment from 100 €.

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

Sergiškių st. 24 and 24A, Palanga, Lithuania (1 stage)

Ukmergės g. 326, Vilnius, Lietuva (4 stage)

Palionių str. 27, Vilnius, Lithuania (2 stage)

Vėjo st. 143 and 145, Klaipėda, Lithuania (4 stage)

Business loan #00309

Business loan #00308

Need a Business Development Loan?

News

Join the Nordstreet investor community!

Land project in Latgalos str. Palangos city municipality, Lithuania

Please register or sign in to access this information.

About the loan

Investment from 100 €.

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 €.

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

Sergiškių st. 24 and 24A, Palanga, Lithuania (1 stage)

Ukmergės g. 326, Vilnius, Lietuva (4 stage)

Palionių str. 27, Vilnius, Lithuania (2 stage)

Vėjo st. 143 and 145, Klaipėda, Lithuania (4 stage)

Business loan #00309

Business loan #00308

Need a Business Development Loan?

News

Join the Nordstreet investor community!