Projects list

Rinktinės g.29A, Šnipiškės, Vilnius

Project finished

Amount of funding 60 000 €

LTV 53%

Annual interest rate 11.00%

Total expected project return 16.50%

Loan period

18 mo.

Risk

C (higher)

Purpose of the loan

Loan for installation

Collateral Real estate pledge

Country

Lithuania

Investors 69

Raised:
60 000 € Goal:
60 000 €

100.00%

Project updates

Early return

2020-02-12

The debtor has made an early repayment of the loan. Duration of loan 372 d.

Period paid

2020-02-12

The debtor has paid interest for the period 2020-02-05. Payment delay days: 7.

Possible period delay

2020-02-04

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

Period paid

2020-01-03

The debtor has paid interest for the period 2020-01-05.

Period paid

2019-12-27

The debtor has paid interest for the period 2019-12-05. Payment delay days: 17.

Possible period delay

2019-12-04

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

Period paid

2019-11-07

The debtor has paid interest for the period 2019-11-05. Payment delay days: 2.

Possible period delay

2019-11-04

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

Period paid

2019-10-04

The debtor has paid interest for the period 2019-10-05.

Period paid

2019-09-02

The debtor has paid interest for the period 2019-09-05.

Period paid

2019-08-05

The debtor has paid interest for the period 2019-08-05.

Period paid

2019-07-05

The debtor has paid interest for the period 2019-07-05.

Period paid

2019-06-05

The debtor has paid interest for the period 2019-06-05.

Business loan terms

About the loan

Amount of funding 60 000 €

LTV 53 %

Risk C (higher)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 18 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 11 %

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 18 mo.

Minimum loan period 0 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2019-02-05

Estimated loan repayment date:* 2020-08-05

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 - UAB "Soreco", whose owners are engaged in real estate development, general construction contracting, project management administration and sales process. The group of companies has developed and participated in most major projects in Vilnius city, one of which is the WOW CITY: eco life house - low-rise construction, closed residential block in the center of Vilnius, Šnipiškės district.

Loan protection collateral

Value of existing real estate (commercial premises): 114,000 Eur
The amount of financing required for the premises: 60 000 Eur
Loan maturity: 18 months (with the option to repay earlier, but not earlier than 6 months)
Interest 11%
Loan to value ratio: Loan to value 53%.

Loan collateral
First-line mortgage - Mortgage.
The value of the property is EUR 114,000.

Project planned period

Project start date: 2019 02 01

Progress of the project (premises) installation process: 2019 02 04 - 2019 06 04 (4 months)

Start of project sales: 2019 05 04

Expected end of the project: 2019 10 01 - 2019 12 01

Strengths and risks

Documents

#	File name	File type	Actions
1	Rinktine 2016 VN-16-098 Ataskaita su priedais.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 60 000 €

LTV 53 %

Risk C (higher)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 18 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 11 %

Loan term and repayment

Loan period 18 mo.

Minimum loan period 0 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2019-02-05

Estimated loan repayment date:* 2020-08-05

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

2020-02-12

The debtor has made an early repayment of the loan. Duration of loan 372 d.

Period paid

2020-02-12

The debtor has paid interest for the period 2020-02-05. Payment delay days: 7.

Possible period delay

2020-02-04

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

Period paid

2020-01-03

The debtor has paid interest for the period 2020-01-05.

Period paid

2019-12-27

The debtor has paid interest for the period 2019-12-05. Payment delay days: 17.

Possible period delay

2019-12-04

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

Period paid

2019-11-07

The debtor has paid interest for the period 2019-11-05. Payment delay days: 2.

Possible period delay

2019-11-04

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

Period paid

2019-10-04

The debtor has paid interest for the period 2019-10-05.

Period paid

2019-09-02

The debtor has paid interest for the period 2019-09-05.

Period paid

2019-08-05

The debtor has paid interest for the period 2019-08-05.

Period paid

2019-07-05

The debtor has paid interest for the period 2019-07-05.

Period paid

2019-06-05

The debtor has paid interest for the period 2019-06-05.

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Rinktinės g.29A, Šnipiškės, 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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Business loan #00342

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Rinktinės g.29A, Šnipiškės, 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!