We are supervised by
Seinų str.13, Panevėžio city municipality, Lithuania (1 stage)
Amount of funding
117 000 €
LTV
60%
Annual interest rate
10.75% - 12.00%
Total expected project return
9.85% - 11.00%
Loan period
11 mo.
Risk
B (medium)
Purpose of the loan
Development loan
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
116
Raised:
117 000 € Goal:
117 000 €
117 000 € Goal:
117 000 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | PropertyvaluationTVA2107-21.pdf |
|
|
About the loan
Purpose of the loan
Real estate development
Amount of funding
117 000 €
LTV
60 %
Risk
B (medium)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
11 mo.
Minimum loan period
6 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
First order mortgage
Purpose if the loan
Land plot development, address Seinų st. 13, Panevėžys, plot area 0.2139ha, i/d No. 2701-0021-0174, intended use - Territories of multi-apartment residential buildings and dormitories. The loan will be repaid by selling the property under development or refinancing at another financial institution.
The plot is in attractive location and a little further from the main Nemunas street in Panevezis town, Lithuania. Land plot is clean, without already demolished ground structures. Within a short distance from the territory - shops, kindergartens, schools, companies engaged in commercial activities. There are excellent connections to the city center, medical facilities, the A2 and A9 motorways.
Technical parameters of the designed building
• 4-storey residential apartment building with parking spaces (reconstruction)
• Designed 28 apartments, 33 parking spaces
• Plot area - 0.2139ha
• Building density of the plot - 44.29%
• Plot construction intensity - 134.78%. The total area is 2882.90 m2
Estimated project cost
Construction price 869 EUR / sq.m. m. The total area is 2889 sq.m., the area for sale would be 1889.29 sq / m, the administrative area is 186.56 sq / m, the plinth / basement area is 590.16 sq/m.
Useful area vs total: 92.27 percent.
Planned income
The planned sale prices of apartments are 1115 EUR / sq.m. without VAT, with VAT 1350 EUR / sq.m. The total income from the sale of apartments is EUR 2 106 513 excluding VAT, EUR 2 548 881.64 EUR including VAT.
The planned income of administrative premises is 205,216 EUR without VAT, with VAT 248,311 EUR.
The planned income of parking places is 177,422 EUR without VAT, with VAT 214,680 EUR.
Planned basement / plinth income 413 112 EUR without VAT, with VAT 499 865 EUR.
Planned profitability
The planned profit is EUR 424,625
Planned project total profitability 18.36%
Investment from 100.00 €.
Interest
Annual interest rate
- Investing from 100.00 € - fixed interest 10.75 %
- Investing from 500.00 € - fixed interest 11 %
- Investing from 1 500.00 € - fixed interest 11.25 %
- Investing from 4 500.00 € - fixed interest 11.5 %
- Investing from 9 000.00 € - fixed interest 11.75 %
- Investing from 15 000.00 € - 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
6 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2021-08-17
Estimated loan repayment date:*
2022-07-17
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
Latest loans
With Nordstreet everyone can become an investor! Register now and start investing!
-
Annual interest rate
16% - 16%
- Investors 43
- LTV 0%
- Risk group B (medium)
- Months 24
- Collateral Guarantees / surety
Lithuania
Fully invested
The status indicates that the necessary funds have been raised to finance the loan, but the transaction has not yet taken place and is currently in the process of fulfilling the loan disbursement conditions (mortgage etc). At this
stage, the interest does not count. Interest starts to run after the loan is paid to the debtor and the project
status changes to "Processing". By default, fulfillment takes 2-3 weeks.
Business loan #00337 (2 stage)
Raised:
12 000 € Goal:
12 000 €
12 000 € Goal:
12 000 €
100%
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
Success
Warning
- Invest from 50.00 €
- Average return 12.72%
- Exclusive investment offers
- Property backedloans
