Projects list

M. K. Čiurlionio Street 2, Naujamiestis, Vilnius, Lithuania (refinancing)

Project finished

Amount of funding 290 000 €

LTV 49%

Annual interest rate 10.00% - 10.50%

Total expected project return 10.83% - 11.37%

Loan period

13 mo.

Risk

C (higher)

Purpose of the loan

Refinancing

Collateral Real estate pledge

Country

Lithuania

Investors 173

Raised:
290 000 € Goal:
290 000 €

100.00%

Project updates

Period paid

2022-03-14

The debtor has paid interest for the period 2022-03-04. Payment delay days: 6.

Possible period delay

2022-03-14

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

Notification of breach of payment obligation

2022-03-11

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2022-03-05

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2022-03-04

Debtor sent a reminder about the upcoming deadline for payment

Reminder about the upcoming deadline

2022-02-22

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-02-01

The debtor has paid interest for the period 2022-02-03.

Period paid

2021-12-22

The debtor has paid interest for the period 2022-01-03.

Period paid

2021-12-02

The debtor has paid interest for the period 2021-12-03.

Period paid

2021-11-03

The debtor has paid interest for the period 2021-11-03.

Period paid

2021-10-04

The debtor has paid interest for the period 2021-10-03. Payment delay days: 1.

Possible period delay

2021-10-04

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

Reminder about the upcoming deadline

2021-10-03

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-09-05

The debtor has paid interest for the period 2021-09-03.

Notification of breach of payment obligation

2021-09-04

A reminder of breach of payment was sent to the Debtor

Period paid

2021-08-03

The debtor has paid interest for the period 2021-08-03.

Period paid

2021-07-01

The debtor has paid interest for the period 2021-07-03.

Period paid

2021-06-04

The debtor has paid interest for the period 2021-06-03. Payment delay days: 1.

Period paid

2021-05-03

The debtor has paid interest for the period 2021-05-03.

Period paid

2021-04-03

The debtor has paid interest for the period 2021-04-03.

Business loan terms

About the loan

Amount of funding 290 000 €

LTV 49 %

Risk C (higher)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 13 mo.

Minimum loan period 3 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 10 %
Investing from 2 500.00 € - fixed interest 10.5 %

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 13 mo.

Minimum loan period 3 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2021-03-03

Estimated loan repayment date:* 2022-03-04

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 Vasga

Company registration address

Ateities 10 Vilnius Lietuva 08311

Project developer - PLC Vasga, whose owners and administration are involved in real estate development, project management administration and sales processes.

The company's shareholders have developed and are experienced in the development of land plots and commercial premises. One of the most biggest major transactions was the 6400 sq/m object located at Ateities street, additionally large plots are being developed in Avižieniai (3,19 hektares) and Druskininkai (175 ares) whicha are being prepared for the market sell this year.

Loan protection collateral

Purpose of a business loan

For this stage, an amount of € 290,000 is required for financing, which is intended to refinance / extend the existing loan.

Loan collateral

Mortgage of the first line of existing real estate - Mortgage. The loan will be repaid after the sale of all / part of the pledged property, from the sale of the company's development assets, current and future profits or after refinancing the loan.

Investment risk: C (higher)

LTV: 49%

Mortgage property: residential apartment (un.nr. 1094-0218-5015: 0006) with a total area of 229.21 m, address M.K. Čiurlionio str.2, Vilnius, Lithuania.

Value of mortgaged property: € 590,000

Interest:

• When investing from 100 € - interest 10%

• When investing from 2 500 € - interest 10.5%

Loan term

12 months (with the possibility of repayment earlier, but not earlier than after a period of 3 months).

If the Borrower repays the Loan amount or a part thereof earlier than 3 months after the due date of 12 months, it undertakes to pay interest to the Lender for a period of 3 months. After a period of 3 months, the Borrower may repay the loan (together with the applicable interest) without any additional fees.

Company loan repayment period

Estimated start date of the loan: 2021 03 01

Expected repayment date of the loan: 2021 12 01 - 2022 01 01

Strengths and risks

SWOT analysis of the project beneficiary:

Strengths - First lien on existing real estate - Mortgage.

- The borrower made payments on time and without delay. (current loan at Nordstreet)

- The value of the borrower's balance sheet assets is EUR 1.4677 million.

Weaknesses - Loan refinancing.

Opportunities - The borrower's expected average annual interest rate payable is 10 - 10.5%.

Threats - Unclear current economic situation, the borrower's company is unprofitable.

Documents

#	File name	File type	Actions
1	M.K.Ciurlionio g. 2-6, Vilnius (vertinimo ataskaita).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

Amount of funding 290 000 €

LTV 49 %

Risk C (higher)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 13 mo.

Minimum loan period 3 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 10 %
Investing from 2 500.00 € - fixed interest 10.5 %

Loan term and repayment

Loan period 13 mo.

Minimum loan period 3 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2021-03-03

Estimated loan repayment date:* 2022-03-04

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

49%

Purpose of a business loan

For this stage, an amount of € 290,000 is required for financing, which is intended to refinance / extend the existing loan.

Loan collateral

Investment risk: C (higher)

LTV: 49%

Mortgage property: residential apartment (un.nr. 1094-0218-5015: 0006) with a total area of 229.21 m, address M.K. Čiurlionio str.2, Vilnius, Lithuania.

Value of mortgaged property: € 590,000

Interest:

• When investing from 100 € - interest 10%

• When investing from 2 500 € - interest 10.5%

Loan term

12 months (with the possibility of repayment earlier, but not earlier than after a period of 3 months).

Company loan repayment period

Estimated start date of the loan: 2021 03 01

Expected repayment date of the loan: 2021 12 01 - 2022 01 01

Project updates

Period paid

2022-03-14

The debtor has paid interest for the period 2022-03-04. Payment delay days: 6.

Possible period delay

2022-03-14

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

Notification of breach of payment obligation

2022-03-11

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2022-03-05

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2022-03-04

Debtor sent a reminder about the upcoming deadline for payment

Reminder about the upcoming deadline

2022-02-22

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-02-01

The debtor has paid interest for the period 2022-02-03.

Period paid

2021-12-22

The debtor has paid interest for the period 2022-01-03.

Period paid

2021-12-02

The debtor has paid interest for the period 2021-12-03.

Period paid

2021-11-03

The debtor has paid interest for the period 2021-11-03.

Period paid

2021-10-04

The debtor has paid interest for the period 2021-10-03. Payment delay days: 1.

Possible period delay

2021-10-04

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

Reminder about the upcoming deadline

2021-10-03

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-09-05

The debtor has paid interest for the period 2021-09-03.

Notification of breach of payment obligation

2021-09-04

A reminder of breach of payment was sent to the Debtor

Period paid

2021-08-03

The debtor has paid interest for the period 2021-08-03.

Period paid

2021-07-01

The debtor has paid interest for the period 2021-07-03.

Period paid

2021-06-04

The debtor has paid interest for the period 2021-06-03. Payment delay days: 1.

Period paid

2021-05-03

The debtor has paid interest for the period 2021-05-03.

Period paid

2021-04-03

The debtor has paid interest for the period 2021-04-03.

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M. K. Čiurlionio Street 2, Naujamiestis, Vilnius, Lithuania (refinancing)

About the loan

Investment from 100.00 €.

Interest

Annual interest rate

Loan term and repayment

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

Documents

Nordstreet takes the following measures to ensure a safer investment:

Project updates

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M. K. Čiurlionio Street 2, Naujamiestis, Vilnius, Lithuania (refinancing)

Please register or sign in to access this information.

About the loan

Investment from 100.00 €.

Interest

Annual interest rate

Loan term and repayment

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

Documents

Nordstreet takes the following measures to ensure a safer investment:

Project updates

Secondary market

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