Projects list

Loo tee, Niidu tee, Elu tee, Parnu city, Estonia

Project finished

Amount of funding 235 000 €

LTV 50%

Annual interest rate 11.00% - 12.00%

Total expected project return 11.91% - 13.00%

Loan period

13 mo.

Risk

B (medium)

Purpose of the loan

Bridge loan

Collateral Real estate pledge

Country

Estonia

Investors 268

Raised:
235 000 € Goal:
235 000 €

100.00%

Project updates

Reminder about the upcoming deadline

2022-02-11

Debtor sent a reminder about the upcoming deadline for payment

Notification of breach of payment obligation

2022-02-12

A reminder of breach of payment was sent to the Debtor

Period paid

2022-02-14

The debtor has paid interest for the period 2022-02-11. Payment delay days: 1.

Reminder about the upcoming deadline

2022-03-11

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-03-14

The debtor has paid interest for the period 2022-03-11.

Reminder about the upcoming deadline

2022-04-11

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-04-12

The debtor has paid interest for the period 2022-04-11.

Reminder about the upcoming deadline

2022-05-11

Debtor sent a reminder about the upcoming deadline for payment

Notification of breach of payment obligation

2022-05-12

A reminder of breach of payment was sent to the Debtor

Possible period delay

2022-05-13

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

Period paid

2022-05-20

The debtor has paid interest for the period 2022-05-11. Payment delay days: 9.

Reminder about the upcoming deadline

2022-06-11

Debtor sent a reminder about the upcoming deadline for payment

Notification of breach of payment obligation

2022-06-12

A reminder of breach of payment was sent to the Debtor

Possible period delay

2022-06-17

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

Period paid

2022-07-05

The debtor has paid interest for the period 2022-06-11. Payment delay days: 23.

Reminder about the upcoming deadline

2022-07-11

Debtor sent a reminder about the upcoming deadline for payment

Notification of breach of payment obligation

2022-07-12

A reminder of breach of payment was sent to the Debtor

Possible period delay

2022-07-18

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

Period paid

2022-07-20

The debtor has paid interest for the period 2022-07-11. Payment delay days: 8.

Period paid

2022-08-08

The debtor has paid interest for the period 2022-08-11.

Period paid

2022-08-09

The debtor has paid interest for the period 2022-08-11.

Reminder about the upcoming deadline

2022-09-11

Debtor sent a reminder about the upcoming deadline for payment

Notification of breach of payment obligation

2022-09-12

A reminder of breach of payment was sent to the Debtor

Period paid

2022-09-13

The debtor has paid interest for the period 2022-09-11.

Period paid

2022-10-10

The debtor has paid interest for the period 2022-10-11.

Reminder about the upcoming deadline

2022-11-11

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-11-11

The debtor has paid interest for the period 2022-11-11.

Period paid

2022-12-09

The debtor has paid interest for the period 2022-12-11.

Reminder about the upcoming deadline

2023-01-11

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-01-11

The debtor has paid interest for the period 2023-01-11.

Period paid

2023-01-26

The debtor has paid interest for the period 2023-01-26.

Period paid

2023-02-11

The debtor has paid interest for the period 2023-02-11.

Reminder about the upcoming deadline

2023-03-07

Debtor sent a reminder about the upcoming deadline for payment

Notification of breach of payment obligation

2023-03-08

A reminder of breach of payment was sent to the Debtor

Possible period delay

2023-03-10

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

Period paid

2023-03-29

The debtor has paid interest for the period 2023-03-07. Payment delay days: 10.

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

Purpose of the loan To increase the company's working capital

Amount of funding 235 000 €

LTV 50 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 13 mo.

Minimum loan period 2 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Funding requires an amount of € 235 000, which can be split into stages and the funds raised for funding will be used to meet contractual obligations on the current creditor, as well as for increasing company capital. This decision will give the borrower time to sell the assets under current market price, meet existing obligations and complete preparations for the sale of the assets.

Investment from 100 €.

Interest

Annual interest rate

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

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 13 mo.

Minimum loan period 2 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2022-01-11

Estimated loan repayment date:* 2023-03-07

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 Erel trading group

Company code 12216805

Company registration address

Valukoja 8 Tallinn Estonia 1

Company website http://www.leonardogolf.ee/

Erel Trading Group LTD, engaged in real estate contracting, purchasing, sales and development. Registred capital 0,6 mln EUR. Shareholders AS Erel group (396 000 capital ownership), Faustini Europe SA (60 000 EUR capital ownership), osauhing Alminger (24 000 EUR capital ownership), OU Drevor investments (120 000 EUR capital ownership). Currently company is developing real estate projects, some of them are on sale. Company is specialized in residential real estate development (apartments, villas, etc). Company's total assets over 6 million EUR, equity ratio is more than 35%. Real estate selling price is approx. 1 800 - 2 100 EUR with VAT.

Loan protection collateral

Pledged property:

1190 m2 size land plot at Loo tee 2, Pärnu, registration number 3927106.
1252m2 size land plot at Loo tee 4, Pärnu, registration number 3927306.
1304 m2 size land plot at Loo tee 6, Pärnu, registration number 3929406.
1890 m2 size land plot at Loo tee 10, Pärnu, registration number 3929506.
1617 m2 size land plot at Loo tee 11, Pärnu, registration number 3927406.
1948 m2 size land plot at Loo tee 12, Pärn, Pärnu, registration number 3925506.
1162 m2 size land plot at Niidu tee 12, Pärnu, registration number 3928206.
1541 m2 size land plot at Elu tee 20, Pärnu, registration number 3927506.
1661 m2 size land plot at Elu tee 24, Pärnu, Pärnu, registration number 3924606.
1598 m2 size land plot at Elu tee 26, Pärnu, registration number 3924406.
1468 m2 size land plot at Elu tee 28, Pärnu, registration number 3927706.
1564 m2 size land plot at Elu tee 30, Pärnu, registration number 3925906.
2052 m2 size land plot at Elu tee 32, Pärnu registration number 3928406.
940 m2 size land plot at Elu tee 36, Pärnu, registration number 3928506.

Value of mortgaged property: € 473 000

About Leonardo Golf Village, the location of the property:

The Leonardo Golf Village is a one of a kind project in Pärnu. It consists of 10 apartment buildings and 69 private houses. It is located in a rapidly developing area and constitutes one of the most notable new developments in Pärnu. Everything you need for life is at your fingertips. The Leonardo Golf Village offers the solution for a new lifestyle, a unique location in the midst of greenery and quite; bus stop 50 m, kindergarten and supermarket 300 m, golf track and beach 500m.

Strengths and risks

Strengths:

The borrower made payments on time and without delay. (current loan at Nordstreet)
The first order of real estate pledge - mortgage.
The project is near the end.

Weaknesses:

Borrower 's activities are in a competitive sector.
In 2020, due to the quarantine introduced caused by Covid - 19, the company had a loss.

Possibilities:

The annual interest rate payable by the borrower is 11.00-12.00%.

Threats:

Loan refinancing.
Rising cost of building materials.

Documents

#	File name	File type	Actions
1	219-0521GS+ Leonardo Golf elamurajooni kinnistud+ Papsaare küla+Pärnu linn+ Pärnu mk.pdf
2	Leonardo Village Golf land plots evaluations 2019_145-0419GS+ Leondardo Golf Village+Papsaare küla+Audru vald+ Pärnu mk_0.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 To increase the company's working capital

Amount of funding 235 000 €

LTV 50 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 13 mo.

Minimum loan period 2 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 1 000.00 € - fixed interest 11.25 %
Investing from 3 000.00 € - fixed interest 11.5 %
Investing from 9 000.00 € - fixed interest 11.75 %
Investing from 15 000.00 € - fixed interest 12 %

Loan term and repayment

Loan period 13 mo.

Minimum loan period 2 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2022-01-11

Estimated loan repayment date:* 2023-03-07

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%

Documentation

Asset Valuation Report

Report preparation date

2021-05-21

Assessor

LTD LVM Kinnisvara

Pledged property:

1190 m2 size land plot at Loo tee 2, Pärnu, registration number 3927106.
1252m2 size land plot at Loo tee 4, Pärnu, registration number 3927306.
1304 m2 size land plot at Loo tee 6, Pärnu, registration number 3929406.
1890 m2 size land plot at Loo tee 10, Pärnu, registration number 3929506.
1617 m2 size land plot at Loo tee 11, Pärnu, registration number 3927406.
1948 m2 size land plot at Loo tee 12, Pärn, Pärnu, registration number 3925506.
1162 m2 size land plot at Niidu tee 12, Pärnu, registration number 3928206.
1541 m2 size land plot at Elu tee 20, Pärnu, registration number 3927506.
1661 m2 size land plot at Elu tee 24, Pärnu, Pärnu, registration number 3924606.
1598 m2 size land plot at Elu tee 26, Pärnu, registration number 3924406.
1468 m2 size land plot at Elu tee 28, Pärnu, registration number 3927706.
1564 m2 size land plot at Elu tee 30, Pärnu, registration number 3925906.
2052 m2 size land plot at Elu tee 32, Pärnu registration number 3928406.
940 m2 size land plot at Elu tee 36, Pärnu, registration number 3928506.

Value of mortgaged property: € 473 000

About Leonardo Golf Village, the location of the property:

Project updates

Reminder about the upcoming deadline

2022-02-11

Debtor sent a reminder about the upcoming deadline for payment

Notification of breach of payment obligation

2022-02-12

A reminder of breach of payment was sent to the Debtor

Period paid

2022-02-14

The debtor has paid interest for the period 2022-02-11. Payment delay days: 1.

Reminder about the upcoming deadline

2022-03-11

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-03-14

The debtor has paid interest for the period 2022-03-11.

Reminder about the upcoming deadline

2022-04-11

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-04-12

The debtor has paid interest for the period 2022-04-11.

Reminder about the upcoming deadline

2022-05-11

Debtor sent a reminder about the upcoming deadline for payment

Notification of breach of payment obligation

2022-05-12

A reminder of breach of payment was sent to the Debtor

Possible period delay

2022-05-13

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

Period paid

2022-05-20

The debtor has paid interest for the period 2022-05-11. Payment delay days: 9.

Reminder about the upcoming deadline

2022-06-11

Debtor sent a reminder about the upcoming deadline for payment

Notification of breach of payment obligation

2022-06-12

A reminder of breach of payment was sent to the Debtor

Possible period delay

2022-06-17

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

Period paid

2022-07-05

The debtor has paid interest for the period 2022-06-11. Payment delay days: 23.

Reminder about the upcoming deadline

2022-07-11

Debtor sent a reminder about the upcoming deadline for payment

Notification of breach of payment obligation

2022-07-12

A reminder of breach of payment was sent to the Debtor

Possible period delay

2022-07-18

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

Period paid

2022-07-20

The debtor has paid interest for the period 2022-07-11. Payment delay days: 8.

Period paid

2022-08-08

The debtor has paid interest for the period 2022-08-11.

Period paid

2022-08-09

The debtor has paid interest for the period 2022-08-11.

Reminder about the upcoming deadline

2022-09-11

Debtor sent a reminder about the upcoming deadline for payment

Notification of breach of payment obligation

2022-09-12

A reminder of breach of payment was sent to the Debtor

Period paid

2022-09-13

The debtor has paid interest for the period 2022-09-11.

Period paid

2022-10-10

The debtor has paid interest for the period 2022-10-11.

Reminder about the upcoming deadline

2022-11-11

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-11-11

The debtor has paid interest for the period 2022-11-11.

Period paid

2022-12-09

The debtor has paid interest for the period 2022-12-11.

Reminder about the upcoming deadline

2023-01-11

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-01-11

The debtor has paid interest for the period 2023-01-11.

Period paid

2023-01-26

The debtor has paid interest for the period 2023-01-26.

Period paid

2023-02-11

The debtor has paid interest for the period 2023-02-11.

Reminder about the upcoming deadline

2023-03-07

Debtor sent a reminder about the upcoming deadline for payment

Notification of breach of payment obligation

2023-03-08

A reminder of breach of payment was sent to the Debtor

Possible period delay

2023-03-10

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

Period paid

2023-03-29

The debtor has paid interest for the period 2023-03-07. Payment delay days: 10.

Possible loan repay delay

2023-04-15

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

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Loo tee, Niidu tee, Elu tee, Parnu city, Estonia

About the loan

Investment from 100 €.

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 €.

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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Loo tee, Niidu tee, Elu tee, Parnu city, Estonia

Please register or sign in to access this information.

About the loan

Investment from 100 €.

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 €.

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

Latest loans

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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

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