Nordstreet takes these measures to ensure protection of 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 invested persons. Upon application by the Borrower, 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 claim rights. Nordstreet does not make it possible to transfer these acquired claim rights to other persons on its platform.
- The activities of UAB Nordstreet are controlled by the Bank of Lithuania and included in the Public List of Operators of Concentrated Financing Platforms administered by the Bank of Lithuania.
Without collecting the required funds until the start of the project, i.e. December 8th all investments will be returned to the invested people back.
The object of the loan is a residential apartment for sale and / or rent located in Antakalnis subdistrict, which needs financing - to complete the apartment installation.
The loan amount is 40,000 Eur (forty thousand euros).
The maturity of the loan is 18 months.
The loan return on investment is 12%. (annual interest)
The loan is mortgaged property - an apartment with an average market value of 96,733 Eur (ninety six thousand seven hundred thirty three euros).
The LTV (loan-to-value ratio) ratio is 41%.
The interest on the loan is repaid each month starting in 2019. January. The loan is repaid at the end of the project, after the sale or refinancing of the project.