We are supervised by
Lubānas g. 133A, Riga, Latvia (3 stage)
Amount of funding
100 000 €
LTV
60%
Annual interest rate
12.00% - 13.50%
Total expected project return
12.00% - 13.50%
Loan period
12 mo.
Risk
B (medium)
Purpose of the loan
Development loan
Collateral
Real estate pledge
Country
Latvia
Latvia
Investors
107
Raised:
100 000 € Goal:
100 000 €
100 000 € Goal:
100 000 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | Articles of association.pdf |
|
|
| 2 | Brėžiniai.pdf |
|
|
| 3 | Vertinimo ataskaita.pdf |
|
|
| 4 | PIID (3 etapas).pdf |
|
About the loan
Purpose of the loan
Real estate development
Amount of funding
100 000 €
LTV
60 %
Risk
B (medium)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
12 mo.
Minimum loan period
4 mo.
Collateral
Real estate pledge
Mortgage rank
First order mortgage
Amount allocated by project owner
318 000.00 €
Purpose of the loan
An amount of EUR 477,000 is required for financing, which will be collected in stages. The loan funds will be used for the construction and installation of immovable objects located in Lubānas street 133A, in Riga, Latvia: three service buildings, outdoor engineering networks and facilities and other structures (car parking lots, passageways, passages, fences). It is planned to build 3,002 sq.m. m total area of three commercial buildings. The loan will be repaid by refinancing it in another financial institution, from the sale of assets or from company income.
About the project
The project - three service buildings intended for automated goods reception/issuance activities. The buildings are one-story with a mezzanine (~6m high). The buildings consist of rooms of different sizes, each of which has a separate entrance from the outside. The area can be accessed via the entrance from Lubānas Street. 55 parking spaces are installed along the long facades of the buildings. One place - for one goods reception - issue point. Main driveways, parking lots and sidewalks will be constructed of concrete pavers.
Three service buildings have been designed, two of which are built parallel to each other, the third - perpendicular. In the middle of the buildings, common building administration rooms are installed. The premises of the buildings are intended for small companies and individuals engaged in electronic commerce, for whom it is relevant to have small automated points of receipt/issuance of goods.
All buildings will consist of main rooms (receiving/issuing goods) with entrances from the outside and auxiliary rooms with separate entrances for servicing the building complex. Parking spaces are installed along all premises, at the entrances to them. All goods receiving/dispensing facilities will be managed through a mobile application. Each room is accessed directly from the outside through a door in the gate or a door next to the gate. The gate, with dimensions of 250cmx285cm, is designed to comfortably bring in larger items. Both buildings are one-story with tech. sites where a technological site is installed. In all rooms, it is possible to install WC facilities according to the needs of the users of the rooms. The buildings have technical premises for engineering inputs, administration of the complex, as well as a shared WC room adapted for people with disabilities.
The visual appearance of the building emphasizes its primary function, while the finishes and tones are chosen to harmonize with the surrounding buildings. The character of the building is achieved by rhythmic metal lamellas. They are designed in a brown tone with a wood texture, thus creating a friendlier dialogue with the neighboring buildings. The buildings are designed as a single fireproof section.
The gates and doors of the buildings are equipped with translucent materials through which light falls into the premises. The roofs of the buildings are gabled, water runs off the roof through gutters installed on the facade. At the edges of the facades, openwork, decorative elements made of metal tubular profiles are installed. Interior decoration of the walls - multi-layer panels (facade walls) and plasterboard partitions filled with cotton wool. The floor is concrete. Toilet facilities are provided as needed. Technological sites are equipped according to the needs of the tenants. The installation of a ladder or lift (up to 3t) is specified according to the need and technology.
More about the project (see Documents).
Investment from 50.00 €.
Interest
Annual interest rate
- Investing from 50.00 € - fixed interest 12 %
- Investing from 5 000.00 € - fixed interest 12.5 %
- 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
4 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2024-12-09
Estimated loan repayment date:*
2025-11-22
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
14% - 15%
- Investors 149
- LTV 60%
- Risk group C (higher)
- Months 12
- Collateral Real estate pledge
-
Annual interest rate
13% - 14%
- Investors 138
- LTV 31%
- Risk group B (medium)
- Months 24
- Collateral Real estate pledge
Lithuania
Waiting for investments
At this stage, the financing required for the loan is collected. You can replenish your investment at any time.
2 MW solar power park Narvydžių vil., Skuodo d., Lithuania (1 stage)
Raised:
50 000 € Goal:
50 000 €
50 000 € Goal:
50 000 €
100%
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
