We are supervised by
M. K. Čiurlionio str. 2, Naujamiestis, Vilnius, Lithuania (2nd rate mortgage, 3 stage)
Amount of funding
30 000 €
LTV
58%
Annual interest rate
12.50% - 14.00%
Total expected project return
10.41% - 11.66%
Loan period
10 mo.
Risk
C (higher)
Purpose of the loan
Refinancing
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
59
Raised:
30 000 € Goal:
30 000 €
30 000 € Goal:
30 000 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | VERTINIMAS naujas.pdf |
|
|
About the loan
Purpose of the loan
Real estate development
Amount of funding
30 000 €
LTV
58 %
Risk
C (higher)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
10 mo.
Minimum loan period
2 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
Second order mortgage
The total value of the project is EUR 400,000. The funding is provided in conjunction with the Credit Institution, which intends to co-finance the project with Nordstreet and provide € 300,000 in funding. For the credit union, the Property will be pledged with an initial Property Mortgage, and Nordstreet investors will be pledged with a subsequent Property Mortgage. The Nordstreet platform aims to raise € 100,000 (possibly in stages) for the borrower to boost the company's working capital. Both financial institutions will sign an agreement on the occurrence of the Assets and the termination and performance of the contract if at least one of the financing institutions fails to meet its obligations, regardless of the order in which the Assets are mortgaged.
The loan will be repaid from sale of the project or refinanced in other financial institution.
Investment from 100 €.
Interest
Annual interest rate
- Investing from 100.00 € - fixed interest 12.5 %
- Investing from 1 000.00 € - fixed interest 12.75 %
- Investing from 3 000.00 € - fixed interest 13 %
- Investing from 9 000.00 € - fixed interest 13.25 %
- Investing from 15 000.00 € - fixed interest 13.5 %
- Investing from 20 000.00 € - fixed interest 13.75 %
- Investing from 25 000.00 € - 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
10 mo.
Minimum loan period
2 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2022-05-13
Estimated loan repayment date:*
2023-03-21
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!
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 from50.00 €
- Average return 12.43%
- Exclusive investment offers
- Property backedloans
