We are supervised by
Production and office complex on Via Valsessera, Guardabosone city, Province of Verchelli, Italy (Phase 1)
Amount of funding
250 000 €
LTV
19%
Annual interest rate
13.00% - 14.25%
Total expected project return
6.49% - 7.12%
Loan period
6 mo.
Risk
C (higher)
Purpose of the loan
Bridge loan
Collateral
Real estate pledge
Country
Italy
Italy
Investors
243
Raised:
250 000 € Goal:
250 000 €
250 000 € Goal:
250 000 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | Valuation property warhouse Relazione tecnica estimativa_REV2.pdf |
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| 2 | Valuation property office Stima uffici.pdf |
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| 3 | Corporate Profile - Italian Premium Cold Cuts.pdf |
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About the loan
Purpose of the loan
Investment loan
Amount of funding
250 000 €
LTV
19 %
Risk
C (higher)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
6 mo.
Minimum loan period
3 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
First order mortgage
IMPORTANT INFORMATION FOR INVESTORS! The project developer informed that after receiving the bank financing offer, financing on the Nordstreet platform is needed only as a “bridge loan” and it is planned to repay in full within the next 3 months. part of the leaseback of property (equipment), which is not pledged as collateral for the loan. In response to the customer's request, we reduced the loan term to 6 months. What’s more, the project developer offered to pay all project investors up to 2% higher annual interest to compensate for these unforeseen changes!
The final acquisition of a production, warehouse complex with office premises and all the inventories, address Via Valsessera street, Guardabosone city, Verchelli province, Italy, total building size 12,332 sq / m, land area 8.39 hectares and further development. The loan will be returned from sales revenue, after selling (part/all) real estate or refinancing the loan.
The second stage of the project is possible, but in any case the LTV ratio of the project will not exceed 19%. Accordingly, it is important to mention that at the request of the Borrower, the need for Phase 1 funding was reduced.
According to the client's updated plan, loan will be returned in 3 months from leaseback of equipment (will not be pledged at Nordstreet). Due to this information, loan term was changed to 6 months ( 3 months additional term in any case) along with increase of interests for investors.
Investment from 100 €.
Interest
Annual interest rate
- Investing from 100.00 € - fixed interest 13 %
- Investing from 500.00 € - fixed interest 13.25 %
- Investing from 1 500.00 € - fixed interest 13.5 %
- Investing from 4 500.00 € - fixed interest 13.75 %
- Investing from 9 000.00 € - fixed interest 14 %
- Investing from 15 000.00 € - fixed interest 14.25 %
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
6 mo.
Minimum loan period
3 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2021-08-30
Estimated loan repayment date:*
2022-03-02
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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