Projects list

Panevėžio str. 23, Naujininkų eldership, Vilnius

Project finished

Amount of funding 35 000 €

LTV 74%

Annual interest rate 14.00%

Total expected project return 14.00%

Loan period

12 mo.

Risk

C (higher)

Purpose of the loan

Development loan

Collateral Real estate pledge

Country

Lithuania

Investors 62

Raised:
35 000 € Goal:
35 000 €

100.00%

Project updates

Early return

2020-01-27

The debtor has made an early repayment of the loan. Duration of loan 227 d.

Period paid

2020-01-18

The debtor has paid interest for the period 2020-01-14. Payment delay days: 4.

Possible period delay

2020-01-13

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

Period paid

2019-12-19

The debtor has paid interest for the period 2019-12-14. Payment delay days: 5.

Possible period delay

2019-12-13

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

Period paid

2019-11-25

The debtor has paid interest for the period 2019-11-14. Payment delay days: 11.

Possible period delay

2019-11-13

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

Period paid

2019-10-14

The debtor has paid interest for the period 2019-10-14.

Period paid

2019-09-13

The debtor has paid interest for the period 2019-09-14.

Period paid

2019-08-14

The debtor has paid interest for the period 2019-08-14.

Period paid

2019-07-14

The debtor has paid interest for the period 2019-07-14.

Business loan terms

About the loan

Amount of funding 35 000 €

LTV 74 %

Risk C (higher)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 12 mo.

Collateral

Real estate pledge

Mortgage rank Second order mortgage

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - 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 12 mo.

Minimum loan period 0 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2019-06-14

Estimated loan repayment date:* 2020-06-14

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 registration address

Project developer - Private Limited Company "Pranašumas", whose shareholders and management are engaged in real estate investments, their development, management and administration, as well as specializing in the construction of residential buildings and renovation of buildings. The company belongs to the group NORHOUSE, which has developed and participated in several large real estate projects. Currently, the main activity of NORHOUSE Group is real estate development, land purchase, cottage construction, implementation of innovative construction technologies and energy solutions.

2017-2018 8 blocked cottages were built by the group NORHOUSE: 4pcs. Druskininkai (Žolynų str. 8) and 4pcs. (Juodupio g. 2H) in Vilnius. The cottages are built with innovative construction technologies.

For more information about the project and its progress, please visit: https://panauja.lt/

Joint Stock Company “Pranašumas” successfully pays interest on the Nordstreet platform!

Loan protection collateral

Value of existing real estate (land for residential buildings and dormitories): EUR 217,000
Financial amount collected: EUR 35,000
Loan maturity: 12 months (with the option to repay earlier, but not earlier than 6 months)
Annual project interest rate 14%, total project interest 14%

The pre-mortgage and asset collateral value ratio (LTV) is already 58%.

Future with the required amount of additional funding combined with a secondary mortgage loan / asset collateral value ratio (LTV) of 74%.

Loan collateral
Secondary Real Estate Mortgage - Mortgage.
The value of the property is EUR 217 000

Project installation period

Start of the project: 2019 04 10

Project preparation and process progress: 2019 04 01 - 2019 12 01 (8 months)

Start of project sale: 2019 08 01 (already started)

Expected end of the project: 2019 12 01 - 2020 02 01

Strengths and risks

Documents

#	File name	File type	Actions
1	APUS vertinimas Panevezio 23 19_215 NT.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 35 000 €

LTV 74 %

Risk C (higher)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 12 mo.

Collateral

Real estate pledge

Mortgage rank Second order mortgage

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 14 %

Loan term and repayment

Loan period 12 mo.

Minimum loan period 0 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2019-06-14

Estimated loan repayment date:* 2020-06-14

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

Project updates

Early return

2020-01-27

The debtor has made an early repayment of the loan. Duration of loan 227 d.

Period paid

2020-01-18

The debtor has paid interest for the period 2020-01-14. Payment delay days: 4.

Possible period delay

2020-01-13

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

Period paid

2019-12-19

The debtor has paid interest for the period 2019-12-14. Payment delay days: 5.

Possible period delay

2019-12-13

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

Period paid

2019-11-25

The debtor has paid interest for the period 2019-11-14. Payment delay days: 11.

Possible period delay

2019-11-13

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

Period paid

2019-10-14

The debtor has paid interest for the period 2019-10-14.

Period paid

2019-09-13

The debtor has paid interest for the period 2019-09-14.

Period paid

2019-08-14

The debtor has paid interest for the period 2019-08-14.

Period paid

2019-07-14

The debtor has paid interest for the period 2019-07-14.

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Collateral Guarantees / surety

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Fully invested

Teatra str. 9, Jurmala, Latvia

Raised:
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Annual interest rate
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Investors 138
LTV 31%
Risk group B (medium)
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Collateral Real estate pledge

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Panevėžio str. 23, Naujininkų eldership, Vilnius

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

Secondary market

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Lubānas st. 133A, Riga, Latvia (5 stage)

Bistryčios st. 27, Vilnius, Lithuania (1 stage)

Business loan #00342

Teatra str. 9, Jurmala, Latvia

Need a Business Development Loan?

News

Join the Nordstreet investor community!

Panevėžio str. 23, Naujininkų eldership, Vilnius

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

Latest loans

2 MW solar power park Narvydžių vil., Skuodo d., Lithuania (1 stage)

P. Vileišio st. 18A-19, 20, 21, Vilnius, Lithuania (2 stage)

Lubānas st. 133A, Riga, Latvia (5 stage)

Bistryčios st. 27, Vilnius, Lithuania (1 stage)

Business loan #00342

Teatra str. 9, Jurmala, Latvia

Need a Business Development Loan?

News

Join the Nordstreet investor community!