Projects list

Loo tee, Niidu tee, Ristiku tee, Parnu city, Estonia (4 stage)

Processing

Amount of funding 69 200 €

LTV 50%

Annual interest rate 12.00% - 13.50%

Total expected project return 12.00% - 13.50%

Loan period

12 mo.

Risk

A (low)

Purpose of the loan

Business loan

Collateral Real estate pledge

Country

Estonia

Investors 46

Raised:
69 200 € Goal:
69 200 €

100.00%

Project updates

Period paid

2024-11-12

The debtor has paid interest for the period 2024-11-12.

Reminder about the upcoming deadline

2024-11-12

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-10-16

The debtor has paid interest for the period 2024-10-12. Payment delay days: 4.

Notification of breach of payment obligation

2024-10-13

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-10-12

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-09-13

The debtor has paid interest for the period 2024-09-12.

Notification of breach of payment obligation

2024-09-13

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-09-12

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-08-22

The debtor has paid interest for the period 2024-08-22.

Period paid

2024-08-12

The debtor has paid interest for the period 2024-08-12.

Period paid

2024-06-18

The debtor has paid interest for the period 2024-07-12.

Period paid

2024-06-17

The debtor has paid interest for the period 2024-07-12.

Period paid

2024-05-23

The debtor has paid interest for the period 2024-06-12.

Period paid

2024-05-23

The debtor has paid interest for the period 2024-06-12.

Period paid

2024-05-15

The debtor has paid interest for the period 2024-05-12.

Possible period delay

2024-05-15

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

Notification of breach of payment obligation

2024-05-13

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-05-12

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-04-12

The debtor has paid interest for the period 2024-04-12.

Period paid

2024-03-12

The debtor has paid interest for the period 2024-03-12.

Business loan terms

About the loan

Purpose of the loan Real estate development

Amount of funding 69 200 €

LTV 50 %

Risk A (low)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 12 mo.

Minimum loan period 2 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Amount allocated by project owner 1 774 000.00 €

The amount of 352,500 euros is required for financing, which will be divided into 4 stages. Part of the loan will be used for partial refinancing of the existing loan, the remaining part - for further real estate, i.e. for the construction and installation of private villas on mortgaged plots of land. More information about the project under development can be found here.

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 2024. Also, the loan can be refinanced in another financial institution or from other company income.

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 12 %
Investing from 1 000.00 € - fixed interest 12.25 %
Investing from 3 000.00 € - fixed interest 12.5 %
Investing from 5 000.00 € - fixed interest 12.75 %
Investing from 10 000.00 € - fixed interest 13 %
Investing from 15 000.00 € - fixed interest 13.5 %

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 12 mo.

Minimum loan period 2 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2024-02-12

Estimated loan repayment date:* 2025-01-25

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 trading group

Company code 12216805

Company registration address

Valukoja 8 Tallinn Estonia 1

Erel Group Trading OÜ, engaged in real estate development, purchase - sale and development. The registered capital of the company is EUR 600,000. Share of own capital in assets over 46%. Shareholders: Erel Group OÜ (capital share of EUR 396,000), Gruppo Faustini SRL (capital share of EUR 60,000), Osauhing Alminger (capital share of EUR 24,000), OÜ Drevor Investments (capital share of EUR 120,000). The company develops several projects and specializes in the construction of residential houses (villas, low-rise residential buildings). The company currently sells built and furnished apartments, houses and plots of land.

The company's financial indicators based on 2022 financial statements:

Sales revenue - 1 830 561 EUR;
Profit before tax - 1 230 508 EUR;
Equity - 2 758 688 EUR;
Total assets of the company - 5 963 937 EUR.

Loan protection collateral

Real estate property pledged first order mortgage:

Land plot, address Ristiku tee 3, registration number 2936106, area 1391 m2, property value - 51,000 EUR;
Land plot, address Ristiku tee 5, registration number 3927606, area 1444 m2, property value - 53,000 EUR;
Land plot, address Ristiku tee 7, registration number 3926706, area 1437 m2, property value - 53,000 EUR;
Land plot, address Ristiku tee 11, registration number 3411906, area 1298 m2, property value - 48,000 EUR;
Land plot, address Ristiku tee 12, registration number 3412006, area 1208 m2, property value - 44,000 EUR;
Land plot, address Ristiku tee 13, registration number 3412106, area 1604 m2, property value - 57,000 EUR;
Land plot, address Ristiku tee 14, registration number 3412206, area 1209 m2, property value - 44,000 EUR;
Land plot, address Ristiku tee 15, registration number 3412306, area 1374 m2, property value - 50,000 EUR;
Land plot, address Ristiku tee 16, registration number 3412406, area 1207 m2, property value - 44,000 EUR;
Land plot, address Ristiku tee 18, registration number 3412506, area 1205 m2, property value - 44,000 EUR;
Land plot, address Ristiku tee 20, registration number 3412606, area 1203 m2, property value - 44,000 EUR;
Land plot, address Ristiku tee 22, registration number 3412706, area 1206 m2, property value - 44,000 EUR;
Land plot, address Loo tee 9, registration number 3928806, area 1625 m2, property value - 57,000 EUR;
Land plot, address Niidu tee 3, registration number 3927006, area 2043 m2, property value - 72,000 EUR.

Value of mortgaged property: € 705 000

About Leonardo Golf Village, the location of the property:

Leonardo Golf Village is a unique project in Pärnu. It consists of 10 apartment buildings and 69 private houses. It is located in a rapidly developing area and is one of the most prominent projects in Pärnu. Everything you need for life is at your fingertips. Leonardo Golf Village offers a solution for a new way of life, a unique location in the middle of the green. Public transport - 50 m, kindergarten and shopping center 300 m away, golf course and beach 500 m away.

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 12.00-13.50%.

Threats:

Uncertain economic situation.
Loan refinancing.
Rising cost of building materials.

Documents

#	File name	File type	Actions
1	Vertinimo ataskaita.pdf
2	Įstatai.pdf
3	Erel Group Trading OU 2022 FISKALINIŲ METŲ ATASKAITA.pdf
4	Erel Group Trading OU 2021 FISKALINIŲ METŲ ATASKAITA.pdf
5	PIID (4 etapas).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 69 200 €

LTV 50 %

Risk A (low)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 12 mo.

Minimum loan period 2 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Amount allocated by project owner 1 774 000.00 €

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 12 %
Investing from 1 000.00 € - fixed interest 12.25 %
Investing from 3 000.00 € - fixed interest 12.5 %
Investing from 5 000.00 € - fixed interest 12.75 %
Investing from 10 000.00 € - fixed interest 13 %
Investing from 15 000.00 € - fixed interest 13.5 %

Loan term and repayment

Loan period 12 mo.

Minimum loan period 2 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2024-02-12

Estimated loan repayment date:* 2025-01-25

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

2022-10-25

Assessor

OÜ Kinnisvarabüroo Uus Maa

Real estate property pledged first order mortgage:

Land plot, address Ristiku tee 3, registration number 2936106, area 1391 m2, property value - 51,000 EUR;
Land plot, address Ristiku tee 5, registration number 3927606, area 1444 m2, property value - 53,000 EUR;
Land plot, address Ristiku tee 7, registration number 3926706, area 1437 m2, property value - 53,000 EUR;
Land plot, address Ristiku tee 11, registration number 3411906, area 1298 m2, property value - 48,000 EUR;
Land plot, address Ristiku tee 12, registration number 3412006, area 1208 m2, property value - 44,000 EUR;
Land plot, address Ristiku tee 13, registration number 3412106, area 1604 m2, property value - 57,000 EUR;
Land plot, address Ristiku tee 14, registration number 3412206, area 1209 m2, property value - 44,000 EUR;
Land plot, address Ristiku tee 15, registration number 3412306, area 1374 m2, property value - 50,000 EUR;
Land plot, address Ristiku tee 16, registration number 3412406, area 1207 m2, property value - 44,000 EUR;
Land plot, address Ristiku tee 18, registration number 3412506, area 1205 m2, property value - 44,000 EUR;
Land plot, address Ristiku tee 20, registration number 3412606, area 1203 m2, property value - 44,000 EUR;
Land plot, address Ristiku tee 22, registration number 3412706, area 1206 m2, property value - 44,000 EUR;
Land plot, address Loo tee 9, registration number 3928806, area 1625 m2, property value - 57,000 EUR;
Land plot, address Niidu tee 3, registration number 3927006, area 2043 m2, property value - 72,000 EUR.

Value of mortgaged property: € 705 000

About Leonardo Golf Village, the location of the property:

Project updates

Period paid

2024-11-12

The debtor has paid interest for the period 2024-11-12.

Reminder about the upcoming deadline

2024-11-12

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-10-16

The debtor has paid interest for the period 2024-10-12. Payment delay days: 4.

Notification of breach of payment obligation

2024-10-13

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-10-12

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-09-13

The debtor has paid interest for the period 2024-09-12.

Notification of breach of payment obligation

2024-09-13

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-09-12

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-08-22

The debtor has paid interest for the period 2024-08-22.

Period paid

2024-08-12

The debtor has paid interest for the period 2024-08-12.

Period paid

2024-06-18

The debtor has paid interest for the period 2024-07-12.

Period paid

2024-06-17

The debtor has paid interest for the period 2024-07-12.

Period paid

2024-05-23

The debtor has paid interest for the period 2024-06-12.

Period paid

2024-05-23

The debtor has paid interest for the period 2024-06-12.

Period paid

2024-05-15

The debtor has paid interest for the period 2024-05-12.

Possible period delay

2024-05-15

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

Notification of breach of payment obligation

2024-05-13

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-05-12

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-04-12

The debtor has paid interest for the period 2024-04-12.

Period paid

2024-03-12

The debtor has paid interest for the period 2024-03-12.

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Loo tee, Niidu tee, Ristiku tee, Parnu city, Estonia (4 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

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Loo tee, Niidu tee, Ristiku tee, Parnu city, Estonia (4 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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