Projects list

Loo, Niidu, Ristiku roads, Parnu (Estonia)

Project finished

Amount of funding 175 000 €

LTV 40%

Annual interest rate 12.00% - 13.00%

Total expected project return 18.00% - 19.49%

Loan period

18 mo.

Risk

C (higher)

Purpose of the loan

Development loan

Collateral Real estate pledge

Country

Estonia

Investors 244

Raised:
175 000 € Goal:
175 000 €

100.00%

Project updates

Period paid

2021-02-02

The debtor has paid interest for the period 2021-02-02.

Possible period delay

2021-03-01

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

Period paid

2021-03-08

The debtor has paid interest for the period 2021-03-02. Payment delay days: 6.

Period paid

2021-04-05

The debtor has paid interest for the period 2021-04-02. Payment delay days: 3.

Possible period delay

2021-05-01

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

Period paid

2021-05-05

The debtor has paid interest for the period 2021-05-02. Payment delay days: 3.

Possible period delay

2021-06-01

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

Period paid

2021-06-07

The debtor has paid interest for the period 2021-06-02. Payment delay days: 5.

Reminder about the upcoming deadline

2021-07-02

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-07-02

The debtor has paid interest for the period 2021-07-02.

Reminder about the upcoming deadline

2021-08-02

Debtor sent a reminder about the upcoming deadline for payment

Notification of breach of payment obligation

2021-08-03

A reminder of breach of payment was sent to the Debtor

Period paid

2021-08-03

The debtor has paid interest for the period 2021-08-02. Payment delay days: 1.

Reminder about the upcoming deadline

2021-09-02

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-09-02

The debtor has paid interest for the period 2021-09-02.

Reminder about the upcoming deadline

2021-10-02

Debtor sent a reminder about the upcoming deadline for payment

Notification of breach of payment obligation

2021-10-03

A reminder of breach of payment was sent to the Debtor

Possible period delay

2021-10-04

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

Period paid

2021-10-08

The debtor has paid interest for the period 2021-10-02. Payment delay days: 5.

Reminder about the upcoming deadline

2021-11-02

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-11-03

The debtor has paid interest for the period 2021-11-02.

Reminder about the upcoming deadline

2021-12-02

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-12-03

The debtor has paid interest for the period 2021-12-02.

Reminder about the upcoming deadline

2022-01-02

Debtor sent a reminder about the upcoming deadline for payment

Notification of breach of payment obligation

2022-01-03

A reminder of breach of payment was sent to the Debtor

Possible period delay

2022-01-03

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

Period paid

2022-01-04

The debtor has paid interest for the period 2022-01-02. Payment delay days: 1.

Reminder about the upcoming deadline

2022-02-02

Debtor sent a reminder about the upcoming deadline for payment

Notification of breach of payment obligation

2022-02-03

A reminder of breach of payment was sent to the Debtor

Period paid

2022-02-04

The debtor has paid interest for the period 2022-02-02. Payment delay days: 1.

Reminder about the upcoming deadline

2022-03-02

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-03-03

The debtor has paid interest for the period 2022-03-02. Payment delay days: 1.

Period paid

2022-03-28

The debtor has paid interest for the period 2022-04-02.

Period paid

2022-05-06

The debtor has paid interest for the period 2022-05-02.

Reminder about the upcoming deadline

2022-06-02

Debtor sent a reminder about the upcoming deadline for payment

Notification of breach of payment obligation

2022-06-03

A reminder of breach of payment was sent to the Debtor

Possible period delay

2022-06-10

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

Period paid

2022-06-16

The debtor has paid interest for the period 2022-06-02. Payment delay days: 1.

Possible period delay

2022-06-17

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

Period paid

2022-09-06

The debtor has paid interest for the period 2022-06-03. Payment delay days: 47.

Possible loan repay delay

2023-04-15

The debtor has informed of a possible delay in repaying the loan.

Business loan terms

About the loan

Amount of funding 175 000 €

LTV 40 %

Risk C (higher)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 18 mo.

Minimum loan period 6 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Investment from 100 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 12 %
Investing from 10 000.00 € - fixed interest 13 %
Investing from 5 000.00 € - fixed interest 12.5 %

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 18 mo.

Minimum loan period 6 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2020-12-02

Estimated loan repayment date:* 2022-06-02

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 OÜ Erel Group Trading

Company registration address

Valukoja 8 Tallinn Estonia 1

Erel Group Trading OÜ, engaged in real estate contracting, purchasing, sales and development.

The management of company has an experienced who are well acquainted with its work and the specifics of real estate, and has been doing business in the real estate market for more than 20 years. The company's 2019 balance sheet assets amount to more than EUR 5.97 million and total equity amount to more than 2.1 million euros.

Loan protection collateral

Purpose of a business loan

Full financing requires an amount of 175 000 EUR (Projected financing of 125 000 EUR in Phase 2, but LTV will not exceed 40%), which will be allocated to a development project for the construction works.

Loan collateral

First rank joint mortgage of existing real estate - Mortgage. The loan will be repaid from the sale of the company's development assets.

Investment risk: C (higher)

LTV: 40% (23% in 1 stage)

Pledged property: 26 land plots (residential) with the total area of 35 489 m2.

Value of mortgaged property: 757 000 EUR

Interest:

• When investing from € 100 - interest 12%

• When investing from € 5,000 - interest 12,5%

• When investing from € 10,000 - interest 13%

Loan term

18 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 part thereof earlier than 6 months before the due date of 18 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.

Company loan repayment period

Estimated start date of the loan: 2020 12 01

Expected repayment date of the loan: 2021 11 30 - 2022 04 30

Strengths and risks

SWOT analysis of the project beneficiary:

Stenghts: - First rank joint mortgage on existing 26 real estate plots;

- LTV is less than 50%.

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

Opportunities: - The borrower's expected average annual interest rate payable is 12 - 13%.

Threats: - Uncertain economic situation.

Documents

#	File name	File type	Actions
1	Land valuation act 103-0320GS.pdf
2	Landvalutaion Leondardo Golf Village+Papsaare küla+Audru vald+ Pärnu mk_5.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 175 000 €

LTV 40 %

Risk C (higher)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 18 mo.

Minimum loan period 6 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Investment from 100 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 12 %
Investing from 10 000.00 € - fixed interest 13 %
Investing from 5 000.00 € - fixed interest 12.5 %

Loan term and repayment

Loan period 18 mo.

Minimum loan period 6 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2020-12-02

Estimated loan repayment date:* 2022-06-02

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

Project updates

Period paid

2021-02-02

The debtor has paid interest for the period 2021-02-02.

Possible period delay

2021-03-01

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

Period paid

2021-03-08

The debtor has paid interest for the period 2021-03-02. Payment delay days: 6.

Period paid

2021-04-05

The debtor has paid interest for the period 2021-04-02. Payment delay days: 3.

Possible period delay

2021-05-01

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

Period paid

2021-05-05

The debtor has paid interest for the period 2021-05-02. Payment delay days: 3.

Possible period delay

2021-06-01

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

Period paid

2021-06-07

The debtor has paid interest for the period 2021-06-02. Payment delay days: 5.

Reminder about the upcoming deadline

2021-07-02

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-07-02

The debtor has paid interest for the period 2021-07-02.

Reminder about the upcoming deadline

2021-08-02

Debtor sent a reminder about the upcoming deadline for payment

Notification of breach of payment obligation

2021-08-03

A reminder of breach of payment was sent to the Debtor

Period paid

2021-08-03

The debtor has paid interest for the period 2021-08-02. Payment delay days: 1.

Reminder about the upcoming deadline

2021-09-02

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-09-02

The debtor has paid interest for the period 2021-09-02.

Reminder about the upcoming deadline

2021-10-02

Debtor sent a reminder about the upcoming deadline for payment

Notification of breach of payment obligation

2021-10-03

A reminder of breach of payment was sent to the Debtor

Possible period delay

2021-10-04

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

Period paid

2021-10-08

The debtor has paid interest for the period 2021-10-02. Payment delay days: 5.

Reminder about the upcoming deadline

2021-11-02

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-11-03

The debtor has paid interest for the period 2021-11-02.

Reminder about the upcoming deadline

2021-12-02

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-12-03

The debtor has paid interest for the period 2021-12-02.

Reminder about the upcoming deadline

2022-01-02

Debtor sent a reminder about the upcoming deadline for payment

Notification of breach of payment obligation

2022-01-03

A reminder of breach of payment was sent to the Debtor

Possible period delay

2022-01-03

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

Period paid

2022-01-04

The debtor has paid interest for the period 2022-01-02. Payment delay days: 1.

Reminder about the upcoming deadline

2022-02-02

Debtor sent a reminder about the upcoming deadline for payment

Notification of breach of payment obligation

2022-02-03

A reminder of breach of payment was sent to the Debtor

Period paid

2022-02-04

The debtor has paid interest for the period 2022-02-02. Payment delay days: 1.

Reminder about the upcoming deadline

2022-03-02

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-03-03

The debtor has paid interest for the period 2022-03-02. Payment delay days: 1.

Period paid

2022-03-28

The debtor has paid interest for the period 2022-04-02.

Period paid

2022-05-06

The debtor has paid interest for the period 2022-05-02.

Reminder about the upcoming deadline

2022-06-02

Debtor sent a reminder about the upcoming deadline for payment

Notification of breach of payment obligation

2022-06-03

A reminder of breach of payment was sent to the Debtor

Possible period delay

2022-06-10

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

Period paid

2022-06-16

The debtor has paid interest for the period 2022-06-02. Payment delay days: 1.

Possible period delay

2022-06-17

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

Period paid

2022-09-06

The debtor has paid interest for the period 2022-06-03. Payment delay days: 47.

Possible loan repay delay

2023-04-15

The debtor has informed of a possible delay in repaying the loan.

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Loo, Niidu, Ristiku roads, Parnu (Estonia)

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

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

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

Business loan #00309

Business loan #00308

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Loo, Niidu, Ristiku roads, Parnu (Estonia)

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!