Projects list

Pušaloto str. 108, Panevėžio city municipality, Lithuania (3 stage)

Amount of funding 35 000 €

LTV 49%

Annual interest rate 10.50% - 12.00%

Total expected project return 9.62% - 11.00%

Loan period

11 mo.

Risk

B (medium)

Purpose of the loan

Development loan

Collateral Real estate pledge

Country

Lithuania

Investors 47

Raised:
35 000 € Goal:
35 000 €

100.00%

Secondary market

Project title	Interest	Investment size	Price	Bonus/ discount	Offer valid until
Pušaloto str. 108, Panevėžio city municipality, Lithuania (3 stage)	10.50 %	1.22 €	0.73 €	-40.00 %	2024-05-01	View offer Details

Project updates

Reminder about the upcoming deadline

2021-09-24

Debtor sent a reminder about the upcoming deadline for payment

Notification of breach of payment obligation

2021-09-25

A reminder of breach of payment was sent to the Debtor

Possible period delay

2021-09-27

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

Status update

2021-09-30

The client reported that he had a temporary cash flow disruption. Expect to cover all overdue payments this week.

Possible period delay

2021-10-12

The client has informed that there were unforeseen problems an that late projects will be paid by the end of this week.

Possible period delay

2021-10-20

The client has informed that there were unforeseen problems an that late projects will be paid by the end of this week.

Reminder about the upcoming deadline

2021-10-24

Debtor sent a reminder about the upcoming deadline for payment

Notification of breach of payment obligation

2021-10-26

A reminder of breach of payment was sent to the Debtor

Possible period delay

2021-10-27

The borrower negotiates refinancing with another institution. Warnings on termination of contracts due to unacceptable performance of obligations were sent to the client.

Notification of breach of payment obligation

2021-11-01

A reminder of breach of payment was sent to the Debtor

The loan has been submitted for recovery

2021-11-05

The agreement was terminated. Initiation of forced execution through the bailiff.

Information update

2021-12-08

Requests were sent for full payment of all obligations in the absence of payment, documents were prepared and handed over to a notary for removal of the executives. At the same time, it is known that the client is looking for opportunities to refinance the loan.

Information update

2022-01-24

An enforcement order has been issued on the basis of a mortgage, submitted for enforcement through the Bailiffs' Chamber. The client is negotiating refinancing and has prior approval.

Information update

2022-02-20

Negotiations on refinancing are still ongoing. Meanwhile, the process of expression continues. 01-31: Executive assigned to bailiff, summons sent. Arrests are subject to a 30-day summons. Due to the fact that the recovery is carried out on the basis of a mortgage (mortgage executive), the bailiff does not seize any other property of the debtor until the realization of the mortgaged real estate until the realization of the mortgaged real estate. Only after the realization of the pledged property and without covering the entire debt - for the remaining part of the debt, further recovery of the debt from the other assets of the debtor will be carried out. An additional application for attachments will be made in view of the large amount of debt.

Information update

2022-03-27

The bailiff's notice has expired. The current valuation of the property was submitted to the bailiff, but he refused to accept and publish the auction on the basis of it. Commissioned by a bailiff for an appraisal of the value of the property, it is expected to receive an appraisal next week. The auction will be announced within 20 days after the examination.

Information update

2022-05-11

Latest comment from a lawyer: An appraisal of the mortgaged property was received, the conclusion of this appraisal was disputed, and a new examination was ordered. The latest report on the valuation of the mortgaged property has been received, and the auction of the mortgaged property is expected to take place at the end of May.

Information update

2022-06-03

The auction of the pledged property was announced in 2022. June 2 The status of the auction can be tracked on the auction portal. https://www.evarzytynes.lt/evs/pages/auction.do?id=258083&number=227948.

Information update

2022-08-01

The second auction of mortgaged property has been published. Progress can be followed here: https://www.evarzytynes.lt/evs/pages/auction.do?id=260468&number=230357

Information update

2022-10-11

We have received a notification from the bailiff that the buyer has not paid the balance of the amount, so the tenders have been declared void. We are currently negotiating with a potential buyer of the property. Potentially, the property will be taken into administration by us as representative of the creditors and sold directly to the buyer. We will inform you about the decisions made in the near future.

Information update

2022-11-07

The mortgaged property was taken over by Nordstreet as a bailiff. In the course of two or three weeks, the property will be sold for 400 TEur, and the money received will be paid to the financiers. 120Teur, including the money received from the bailiff as a participation fee, is already in the escrow account, and the financing of the remaining amount must be approved by another creditor in the near future.

Information update

2023-01-03

The potential buyer started negotiations with alternative financiers for the acquisition of the mortgaged assets a few weeks ago. We are awaiting final confirmation of the acquisition financing.

2023-04-19

Information update

2023-05-12

Please be informed that due to a change in the financial situation of the potential buyer, the main contract for the purchase of the mortgaged property has not been concluded. In accordance with the provisions of the Preliminary Sale and Purchase Agreement, half of the deposit paid (EUR 68 250) shall be deemed to be a Buyer's penalty and shall remain with the Seller. In order to represent the best interests of the investors, we will pay this penalty in the following order: 1. The legal costs incurred by the Operator for the recovery of the debt shall be paid in the first line (fee for the issuance of the enforcement record, necessary costs of enforcement, fee for the takeover of the property, etc.). 2. The second tranche shall be interest receivable from investors. 3. Thirdly, the loan amount to be repaid. The disbursement will be staggered over the loan financing in accordance with the principles of proportionality and investor equity. The subsequent sale of the property will be facilitated by the intermediaries of Ober-Haus. Regards, Nordstreet team

Period paid

2023-05-16

The debtor has paid interest for the period 2023-05-12.

2023-08-01

2023-09-15

Period paid

2023-09-15

The debtor has paid interest for the period 2023-09-15.

Information update

2024-01-30

Please be informed that the court has issued a decision on 12/01/2024 on the debt from the guarantor (the decision is due to enter into force on 2/02/2024). After the judgment has entered into force, a bailiff will be contacted to recover the debt from the guarantor. Regards, Nordstreet team

Information update

2024-02-02

Please be informed that the enforcement document for the recovery of the debt from the guarantor has been submitted to the bailiff. We will inform you about the progress of the enforcement by a separate notification. Regards, Nordstreet team.

Information update

2024-04-17

Hello. Please be informed that on 16 April 2024. Vilnius Regional Court has adopted a decision No eB2-651-967/2024 declaring the bankrupt UAB Plastex LT, j. a. k. 302766627, to be dissolved by liquidation due to bankruptcy. The bailiff states that the guarantor does not have any assets or income at the moment. Yours sincerely, Nordstreet team.

Business loan terms

About the loan

Purpose of the loan Real estate development

Amount of funding 35 000 €

LTV 49 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 11 mo.

Collateral

Real estate pledge

Guarantees / surety

Mortgage rank First order mortgage

For this phase, funding of € 35,000 is needed to continue the renovation and refurbishment of the building.

Investment from 100 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 10.5 %
Investing from 500.00 € - fixed interest 10.75 %
Investing from 1 000.00 € - fixed interest 11 %
Investing from 5 000.00 € - fixed interest 11.25 %
Investing from 10 000.00 € - fixed interest 11.5 %
Investing from 15 000.00 € - fixed interest 11.75 %
Investing from 25 000.00 € - fixed interest 12 %

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 11 mo.

Minimum loan period 0 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2021-08-24

Estimated loan repayment date:* 2022-07-29

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 Plastex LT

Company code 302766627

Company registration address

Veiverių g. 9B-41 Vilnius Lietuva 11346

Legal entity "Plastex LT", which carries out and administers real estate activities, real estate development and real estate rental for itself and its clients, in Panevėžys.

The company employs a manager who is well acquainted with his work and the specifics of real estate and works with the best representatives of his class in Panevėžys.

2019 In 2020, the company successfully acquired several real estate objects, its profit amounted to more than 0.37 million Eur. successfully continued the started projects and recorded a profit of 0.17 million Eur. The total assets of the company in 2021 amounted to more than 0.7 million Eur. This year, the company plans to acquire several new projects that will be for rent and sale.

IMPORTANT! The borrower, successfully, pays interest on the Nordstreet platform with minimal delays.

Loan protection collateral

Building, warehouse (un. No. 2790-0002: 8187) with a total area of 2807.75 m2;

Address of the pledged property: Pušaloto str. 108, Panevėžys City Municipality, Lithuania

Real estate type: non-residential - storage building

Strengths and risks

Strengths:

Company guarantee (bill of exchange) and guarantee of its director and shareholder.
The first order of real estate pledge - mortgage.

Weaknesses:

The borrower and the guarantor were late in paying small amounts.
Borrower 's activities are in a competitive sector.

Possibilities:

The annual interest rate payable by the borrower is 10.50-12.00%.

Threats:

Property is in development stage.
Rising cost of building materials.

Documents

#	File name	File type	Actions
1	VP21N07-23.pdf
2	Propertyvaluation (NEW) Panevėžys Pušaloto g. 108.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

Purpose of the loan Real estate development

Amount of funding 35 000 €

LTV 49 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 11 mo.

Collateral

Real estate pledge

Guarantees / surety

Mortgage rank First order mortgage

For this phase, funding of € 35,000 is needed to continue the renovation and refurbishment of the building.

Investment from 100 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 10.5 %
Investing from 500.00 € - fixed interest 10.75 %
Investing from 1 000.00 € - fixed interest 11 %
Investing from 5 000.00 € - fixed interest 11.25 %
Investing from 10 000.00 € - fixed interest 11.5 %
Investing from 15 000.00 € - fixed interest 11.75 %
Investing from 25 000.00 € - fixed interest 12 %

Loan term and repayment

Loan period 11 mo.

Minimum loan period 0 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2021-08-24

Estimated loan repayment date:* 2022-07-29

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

Reminder about the upcoming deadline

2021-09-24

Debtor sent a reminder about the upcoming deadline for payment

Notification of breach of payment obligation

2021-09-25

A reminder of breach of payment was sent to the Debtor

Possible period delay

2021-09-27

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

Status update

2021-09-30

The client reported that he had a temporary cash flow disruption. Expect to cover all overdue payments this week.

Possible period delay

2021-10-12

The client has informed that there were unforeseen problems an that late projects will be paid by the end of this week.

Possible period delay

2021-10-20

The client has informed that there were unforeseen problems an that late projects will be paid by the end of this week.

Reminder about the upcoming deadline

2021-10-24

Debtor sent a reminder about the upcoming deadline for payment

Notification of breach of payment obligation

2021-10-26

A reminder of breach of payment was sent to the Debtor

Possible period delay

2021-10-27

The borrower negotiates refinancing with another institution. Warnings on termination of contracts due to unacceptable performance of obligations were sent to the client.

Notification of breach of payment obligation

2021-11-01

A reminder of breach of payment was sent to the Debtor

The loan has been submitted for recovery

2021-11-05

The agreement was terminated. Initiation of forced execution through the bailiff.

Information update

2021-12-08

Information update

2022-01-24

An enforcement order has been issued on the basis of a mortgage, submitted for enforcement through the Bailiffs' Chamber. The client is negotiating refinancing and has prior approval.

Information update

2022-02-20

Information update

2022-03-27

Information update

2022-05-11

Information update

2022-06-03

Information update

2022-08-01

The second auction of mortgaged property has been published. Progress can be followed here: https://www.evarzytynes.lt/evs/pages/auction.do?id=260468&number=230357

Information update

2022-10-11

Information update

2022-11-07

Information update

2023-01-03

The potential buyer started negotiations with alternative financiers for the acquisition of the mortgaged assets a few weeks ago. We are awaiting final confirmation of the acquisition financing.

2023-04-19

Information update

2023-05-12

Period paid

2023-05-16

The debtor has paid interest for the period 2023-05-12.

2023-08-01

2023-09-15

Period paid

2023-09-15

The debtor has paid interest for the period 2023-09-15.

Information update

2024-01-30

Information update

2024-02-02

Information update

2024-04-17

Project title	Interest	Investment size	Price	Bonus/ discount	Offer valid until
Pušaloto str. 108, Panevėžio city municipality, Lithuania (3 stage)	10.50 %	1.22 €	0.73 €	-40.00 %	2024-05-15	View offer Details

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Pušaloto str. 108, Panevėžio city municipality, Lithuania (3 stage)

About the loan

Investment from 100 €.

Interest

Annual interest rate

Loan term and repayment

Strengths:

Weaknesses:

Possibilities:

Threats:

Nordstreet takes the following measures to ensure a safer investment:

About the loan

Investment from 100 €.

Interest

Annual interest rate

Loan term and repayment

Loan protection collateral

Debtor

Strengths and risks

Strengths:

Weaknesses:

Possibilities:

Threats:

Documents

Nordstreet takes the following measures to ensure a safer investment:

Project updates

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Pušaloto str. 108, Panevėžio city municipality, Lithuania (3 stage)

Please register or sign in to access this information.

About the loan

Investment from 100 €.

Interest

Annual interest rate

Loan term and repayment

Strengths:

Weaknesses:

Possibilities:

Threats:

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 €.

Interest

Annual interest rate

Loan term and repayment

Loan protection collateral

Debtor

Strengths and risks

Strengths:

Weaknesses:

Possibilities:

Threats:

Documents

Nordstreet takes the following measures to ensure a safer investment:

Project updates

Secondary market

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