We are supervised by
M. K. Čiurlionio str. 2, Naujamiestis, Vilnius, Lithuania refinancing
Amount of funding
150 000 €
LTV
65%
Annual interest rate
13.00% - 14.50%
Total expected project return
8.66% - 9.66%
Loan period
8 mo.
Risk
C (higher)
Purpose of the loan
Refinancing
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
304
Raised:
150 000 € Goal:
150 000 €
150 000 € Goal:
150 000 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | VERTINIMAS naujas.pdf |
|
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| 2 | Vertinimas M K Ciurlionio 2_6 pasirasytas.pdf |
|
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About the loan
Purpose of the loan
Loan refinancing
Amount of funding
150 000 €
LTV
65 %
Risk
C (higher)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
8 mo.
Minimum loan period
2 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
Loan with another pledge
The need for financing is an amount of 150,000 €, which can be be allocated for refinancing existing loan obligations on the Nordstreet platform and additionally get a period of 8 months to repay the financing.
At the moment, according to the executed loan agreements, the Property is pledged in the following order:
For the credit institution, the Property is pledged with a 1st-tier Property Mortgage, for Nordstreet investors, the property is pledged with a subsequent (2nd) Tier Property Mortgage. Both financial institutions agree to an financing of 150,000 euros and have signed an agreement on the recovery of the Property and the termination and execution of the contract if at least one of the financing institutions does not fulfill its obligations, regardless of the order of the Property's mortgage.
The loan will be repaid from sale of the project or refinanced in other financial institution.
Investment from 100.00 €.
Interest
Annual interest rate
- Investing from 100.00 € - fixed interest 13 %
- Investing from 1 000.00 € - fixed interest 13.25 %
- Investing from 3 000.00 € - fixed interest 13.5 %
- Investing from 9 000.00 € - fixed interest 13.75 %
- Investing from 15 000.00 € - fixed interest 14 %
- Investing from 20 000.00 € - fixed interest 14.25 %
- Investing from 25 000.00 € - fixed interest 14.5 %
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
8 mo.
Minimum loan period
2 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2023-05-09
Estimated loan repayment date:*
2023-12-27
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
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Annual interest rate
16% - 16%
- Investors 43
- LTV 0%
- Risk group B (medium)
- Months 24
- Collateral Guarantees / surety
Lithuania
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.
Business loan #00337 (2 stage)
Raised:
12 000 € Goal:
12 000 €
12 000 € Goal:
12 000 €
100%
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Why apply to Nordstreet for a business loan?
- Advertising and comfortable returns
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Warning
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- Average return 12.72%
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