Nordstreet guarantees safe investment - (I) The ratio of project to LTV (loan to value) will not exceed the LTV ratio in the project description in case of secondary pledge; (II) If the required financing amount is not collected before the start of the project, all investments will be returned to the investees.
The object of the loan is a project of a multi-apartment residential building that has already been successfully financed on the Nordstreet platform located in Naujininkai, which needs financing - to finance the construction of a newly constructed building, with a secondary mortgage on the property.
The loan amount is EUR 35,000 (thirty-five thousand euros).
Loan term 12 months.
The annual return on loan investment is 14%.
The total return on the loan investment project is 14%.
Loan pledged property is property owned with a value of EUR 217,000 (two hundred and seventeen thousand euros).
Loan-to-value ratio of primary mortgage 58%. (Primary Mortgage Holder Nordstreet)
The loan-to-value ratio of the secondary mortgage is 74%.
The loan interest is repaid each month starting from the start of the project.
The loan is repaid by selling the dwellings before the end of the project, or by refinancing the company.
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