We are supervised by
Loo tee, Elu tee, Pärnu city, Estonia (2 stage)
Amount of funding
129 000 €
LTV
50%
Annual interest rate
12.50% - 14.00%
Total expected project return
14.58% - 16.33%
Loan period
14 mo.
Risk
B (medium)
Purpose of the loan
Refinancing
Collateral
Real estate pledge
Country
Estonia
Estonia
Investors
180
Raised:
129 000 € Goal:
129 000 €
129 000 € Goal:
129 000 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | 435-1122GS+ Leonardo Golf elamurajooni kinnistud+ Papsaare küla+Pärnu linn+ Pärnumaa_0.pdf |
|
|
| 2 | 2 aukšto planas.pdf |
|
|
| 3 | 3 aukšto planas.pdf |
|
|
| 4 | 2024-08-01 - Erel Group Trading OÜ _ e-Äriregister.pdf |
|
|
| 5 | 2024-08-01 - Erel Group Trading OÜ _ CreditInfo.pdf |
|
|
| 6 | PIID (2 etapas).pdf |
|
About the loan
Purpose of the loan
Real estate development
Amount of funding
129 000 €
LTV
50 %
Risk
B (medium)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
14 mo.
Minimum loan period
2 mo.
Collateral
Real estate pledge
Mortgage rank
First order mortgage
Amount allocated by project owner
281 000.00 €
The amount of 281,000 euros is required for financing, which will be divided into 2 phases. The loan will be used to refinance the existing loan, thus the borrower will use the loan for an additional 14 months.
The loan will be repaid from the sale of residential land plots owned by the borrower. The sale of plots has already started, several plots have been sold, negotiations are still ongoing for several, the main sales are planned for the spring and summer of 2025. The company constantly sells plots of land in this array of plots, the sale prices in the open market fully correspond to the market values determined by appraisers. The loan can also be refinanced at another financial institution or repaid from other company income.
Investment from 50.00 €.
Interest
Annual interest rate
- Investing from 50.00 € - fixed interest 12.5 %
- Investing from 1 000.00 € - fixed interest 12.75 %
- Investing from 3 000.00 € - fixed interest 13 %
- Investing from 5 000.00 € - fixed interest 13.25 %
- Investing from 7 000.00 € - fixed interest 13.5 %
- Investing from 10 000.00 € - fixed interest 13.75 %
- Investing from 15 000.00 € - fixed interest 14 %
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
2 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2024-09-02
Estimated loan repayment date:*
2025-10-30
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
13% - 14%
- Investors 138
- LTV 31%
- Risk group B (medium)
- Months 24
- Collateral Real estate pledge
Latvia
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.
Teatra str. 9, Jurmala, Latvia
Raised:
283 200 € Goal:
283 200 €
283 200 € Goal:
283 200 €
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
