Residential property with buildings at Teatra Street 9, Jurmala, Latvia is a non-movable property of a plot of land, own, residential house with garage, which will be pledged to secure a business loan, investment loan and release the company's working capital.
About Teatra St., 9, Jurmala, fundraising on the Nordstreet platform:
Loan amount: € 390,000
Loan period: 24 months
Annual investment return on the project: 11%. (Detailed information in the section "Business loan conditions")
LTV (loan-to-value): 43%
Project risk: B (medium)
The purpose of the loan: business, investment loan, to release the company's working capital
Mortgaged property: residential premises with buildings and a plot of land, the value of which is EUR 898,000. You can find more information about the property valuation in the attached files (in the Documents section at the bottom of the project description).
Nordstreet takes these measures to ensure a safe 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 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.
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