We are supervised by
Monciškės st. 41, Palangos city municipality, Lithuania (2 nd rate mortgage) refinancing 1 stage
Amount of funding
35 000 €
LTV
75%
Annual interest rate
9.00% - 10.25%
Total expected project return
6.75% - 7.68%
Loan period
9 mo.
Risk
C (higher)
Purpose of the loan
Development loan
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
80
Raised:
35 000 € Goal:
35 000 €
35 000 € Goal:
35 000 €
100.00%
| # | File name | File type | Actions |
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| 1 | 3e1d89d2d168df887b95c43bd62c2c87.pdf |
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| 2 | RITATA Balansas 2021-12-31..pdf |
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| 3 | Ritata PN ataskaita 2021-12-31..pdf |
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About the loan
Purpose of the loan
Real estate development
Amount of funding
35 000 €
LTV
75 %
Risk
C (higher)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
9 mo.
Minimum loan period
2 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
Second order mortgage
Purpose of the loan
The need for financing is an amount of € 52,000, which be funded in 2 stages. Loan which will be allocated for refinancing existing loan obligations on the Nordstreet platform. Part of the first loan has already been successfully repaid.
The loan can be refinanced in other financial institution, from income of real estate sales or from company's capital.
About the project
Currently 30 houses are being designed, each with an area of 100 m2. The company has already invested up to 400 TEUR in the company's own funds. The raised funds will be used to finance construction works, as the materials have been purchased in advance. Reservations are already in progress. More about the project https://j7.lt/. ”
Investment from 100.00 €.
Interest
Annual interest rate
- Investing from 100.00 € - fixed interest 9 %
- Investing from 500.00 € - fixed interest 9.25 %
- Investing from 1 500.00 € - fixed interest 9.5 %
- Investing from 3 000.00 € - fixed interest 9.75 %
- Investing from 9 000.00 € - fixed interest 10 %
- Investing from 15 000.00 € - fixed interest 10.25 %
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
9 mo.
Minimum loan period
2 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2022-06-06
Estimated loan repayment date:*
2023-03-06
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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