Projects list

Ristiku tee, Kasteheina tee, Loo tee, Pärnu city, Estonia (3 stage)

Processing

Amount of funding 73 500 €

LTV 50%

Annual interest rate 12.50% - 14.00%

Total expected project return 16.66% - 18.66%

Loan period

16 mo.

Risk

B (medium)

Purpose of the loan

Refinancing

Collateral Real estate pledge

Country

Estonia

Investors 116

Raised:
73 500 € Goal:
73 500 €

100.00%

Secondary market

Project title	Interest	Until the expected end of the loan	Investment size	Price	Bonus/ discount	Offer valid until
Ristiku tee, Kasteheina tee, Loo tee, Pärnu city, Estonia (3 stage)	12.50 %	391 d.	100.00 €	103.00 €	3.00 %	2025-01-01	View offer Details
Ristiku tee, Kasteheina tee, Loo tee, Pärnu city, Estonia (3 stage)	12.75 %	391 d.	2 800.00 €	2 800.00 €	0.00 %	2025-01-02	View offer Details

Project updates

Period paid

2024-12-17

The debtor has paid interest for the period 2024-12-17.

Period paid

2024-11-18

The debtor has paid interest for the period 2024-11-17.

Reminder about the upcoming deadline

2024-11-17

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-10-17

The debtor has paid interest for the period 2024-10-17.

Business loan terms

About the loan

Purpose of the loan Real estate development

Amount of funding 73 500 €

LTV 50 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 16 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Amount allocated by project owner 245 500.00 €

The amount of 245,500 euros is required for financing, which will be divided into 3 phases. The loan will be used to refinance the existing loan, thus the borrower will use the loan for an additional 16 months.

The loan will be repaid from the sale of residential land plots owned by the borrower. The sale of plots has already started, several plots have been sold, negotiations are still ongoing for several, the main sales are planned for the spring and summer of 2025. The company constantly sells plots of land in this array of plots, the sale prices in the open market fully correspond to the market values determined by appraisers. The loan can also be refinanced at another financial institution or repaid from other company income.

Investment from 50.00 €.

Interest

Annual interest rate

Investing from 50.00 € - fixed interest 12.5 %
Investing from 1 000.00 € - fixed interest 12.75 %
Investing from 3 000.00 € - fixed interest 13 %
Investing from 9 000.00 € - fixed interest 13.25 %
Investing from 10 000.00 € - fixed interest 13.5 %
Investing from 15 000.00 € - 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 16 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2024-09-17

Estimated loan repayment date:* 2026-01-16

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 Erel trading group

Company code 12216805

Company registration address

Valukoja 8 Tallinn Estonia 1

Company website https://leonardokrundid.kinnisvaraekspert.ee/

Erel Trading Group LTD, engaged in the development, purchase - sale and development of real estate. The registered capital of the company is EUR 0.6 million. Shareholders AS Erel group (share of capital EUR 396,000), Faustini Europe SA (share of capital EUR 60,000), osauhing Alminger (capital share of EUR 24,000), OU Drevor investments (capital share of EUR 120,000). The company develops several projects and specializes in residential construction (villas, low-rise construction). The company's sales revenue in 2023 was EUR 513,723, equity capital 2,554,826 EUR, total value of available assets EUR 5,654,957.

Loan protection collateral

Loan collateral:

The firs real estate pledge - mortgage:

Land plot, address Ristiku tee 2, Pärnu, registration number 3411406, area 1,336 m2, property value - 49,000 EUR;
Land plot, address Ristiku tee 4, Pärnu, registration number 3411506, area 1,151 m2, property value - 42,000 EUR;
Land plot, address Ristiku tee 6, Pärnu, registration number 3411606, area 1,165 m2, property value - 43,000 EUR;
Land plot, address Kasteheina tee 1, Pärnu, registration number 3926306, area 1,310 m2, property value - 48,000 EUR;
Land plot, address Kasteheina tee 14, Pärnu, registration number 3413006, area 1,293 m2, property value - 47,000 EUR;
Land plot, address Kasteheina tee 16, Pärnu, registration number 3413106, area 1,197 m2, property value - 44,000 EUR;
Land plot, address Kasteheina tee 18, Pärnu, registration number 3413206, area 1,747 m2, property value - 61,000 EUR;
Land plot, address Kasteheina tee 20, Pärnu, registration number 3413306, area 1,374 m2, property value - 50,000 EUR;
Land plot, address Loo tee 7, Pärnu, registration number 3928706, area 1,635 m2, property value - 57,000 EUR;
Land plot, address Loo tee 8, Pärnu, registration number 3925406, area 1,356 m2, property value - 50,000 EUR.

Value of mortgaged property: € 491 000

About Leonardo Golf Village, the location of the property:

The Leonardo Golf Village is one of a kind project in Pärnu. It consists of 10 apartment buildings and 69 private houses. It is located in a rapidly developing area and constitutes one of the most notable new developments in Pärnu. Everything you need for life is at your fingertips. The Leonardo Golf Village offers the solution for a new lifestyle, a unique location in the midst of greenery and quite; public transport 50 m, kindergarten and supermarket 300 m, golf track and beach 500 m.

Strengths and risks

Strengths:

The first order of real estate pledge - mortgage.
The project is near the end.

Weaknesses:

Borrower 's activities are in a competitive sector.
The company is operating at a loss.

Possibilities:

The annual interest rate payable by the borrower is 12.50-14.00%.

Threats:

Uncertain economic situation.
Loan refinancing.
Rising cost of building materials.

Documents

#	File name	File type	Actions
1	Vertinimas.pdf
2	Įstatai.pdf
3	PIID (3 etapas).pdf
4	Balance sheet 2023 EGT signed.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 73 500 €

LTV 50 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 16 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Amount allocated by project owner 245 500.00 €

Investment from 50.00 €.

Interest

Annual interest rate

Investing from 50.00 € - fixed interest 12.5 %
Investing from 1 000.00 € - fixed interest 12.75 %
Investing from 3 000.00 € - fixed interest 13 %
Investing from 9 000.00 € - fixed interest 13.25 %
Investing from 10 000.00 € - fixed interest 13.5 %
Investing from 15 000.00 € - fixed interest 14 %

Loan term and repayment

Loan period 16 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2024-09-17

Estimated loan repayment date:* 2026-01-16

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

Loan protection collateral

Collateral

Real estate pledge

Property type

Residential

Mortgage rank

First order mortgage

LTV

50%

Documentation

Asset Valuation Report

Report preparation date

2022-12-05

Assessor

OÜ Kinnisvarabüroo Uus Maa eksperthinnang

Loan collateral:

The firs real estate pledge - mortgage:

Land plot, address Ristiku tee 2, Pärnu, registration number 3411406, area 1,336 m2, property value - 49,000 EUR;
Land plot, address Ristiku tee 4, Pärnu, registration number 3411506, area 1,151 m2, property value - 42,000 EUR;
Land plot, address Ristiku tee 6, Pärnu, registration number 3411606, area 1,165 m2, property value - 43,000 EUR;
Land plot, address Kasteheina tee 1, Pärnu, registration number 3926306, area 1,310 m2, property value - 48,000 EUR;
Land plot, address Kasteheina tee 14, Pärnu, registration number 3413006, area 1,293 m2, property value - 47,000 EUR;
Land plot, address Kasteheina tee 16, Pärnu, registration number 3413106, area 1,197 m2, property value - 44,000 EUR;
Land plot, address Kasteheina tee 18, Pärnu, registration number 3413206, area 1,747 m2, property value - 61,000 EUR;
Land plot, address Kasteheina tee 20, Pärnu, registration number 3413306, area 1,374 m2, property value - 50,000 EUR;
Land plot, address Loo tee 7, Pärnu, registration number 3928706, area 1,635 m2, property value - 57,000 EUR;
Land plot, address Loo tee 8, Pärnu, registration number 3925406, area 1,356 m2, property value - 50,000 EUR.

Value of mortgaged property: € 491 000

About Leonardo Golf Village, the location of the property:

Project title	Interest	Until the expected end of the loan	Investment size	Price	Bonus/ discount	Offer valid until
Ristiku tee, Kasteheina tee, Loo tee, Pärnu city, Estonia (3 stage)	12.50 %	391 d.	100.00 €	103.00 €	3.00 %	2025-01-15	View offer Details
Ristiku tee, Kasteheina tee, Loo tee, Pärnu city, Estonia (3 stage)	12.75 %	391 d.	2 800.00 €	2 800.00 €	0.00 %	2025-01-16	View offer Details

Latest loans

With Nordstreet everyone can become an investor! Register now and start investing!

Waiting for investments

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

Raised:
49 239 € Goal:
50 000 €

98.47%

Annual interest rate
14% - 15%
Investors 148
LTV 60%
Risk group C (higher)
Months 12
Collateral Real estate pledge

Details Invest

Waiting for investments

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

Raised:
55 308 € Goal:
70 000 €

79.01%

Annual interest rate
12% - 13%
Investors 107
LTV 60%
Risk group B (medium)
Months 12
Collateral Real estate pledge

Details Invest

Waiting for investments

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

Raised:
30 738 € Goal:
64 260 €

47.83%

Annual interest rate
12% - 13.5%
Investors 59
LTV 60%
Risk group B (medium)
Months 11
Collateral Real estate pledge

Details Invest

Waiting for investments

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

Raised:
27 710 € Goal:
100 000 €

27.71%

Annual interest rate
11% - 12%
Investors 72
LTV 60%
Risk group B (medium)
Months 18
Collateral Real estate pledge

Details Invest

Waiting for investments

Business loan #00342

Raised:
6 248 € Goal:
15 000 €

41.65%

Annual interest rate
14% - 14%
Investors 18
LTV 0%
Risk group B (medium)
Months 24
Collateral Guarantees / surety

Details Invest

Fully invested

Teatra str. 9, Jurmala, Latvia

Raised:
283 200 € Goal:
283 200 €

100%

Annual interest rate
13% - 14%
Investors 138
LTV 31%
Risk group B (medium)
Months 24
Collateral Real estate pledge

Details

All projects

Need a Business Development Loan?

Grow your business faster! Getting a business loan secured through mortgage is much easier and faster with Nordstreet.

Why apply to Nordstreet for a business loan?

Advertising and comfortable returns
Speed and your choice when to return the loan
Competence and simplicity

Learn more

Ristiku tee, Kasteheina tee, Loo tee, Pärnu city, Estonia (3 stage)

About the loan

Investment from 50.00 €.

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 50.00 €.

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

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!

Ristiku tee, Kasteheina tee, Loo tee, Pärnu city, Estonia (3 stage)

Please register or sign in to access this information.

About the loan

Investment from 50.00 €.

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 50.00 €.

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

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!