We are supervised by
Ukmerges st. 18A, Kaunas, Lithuania (refinancing)
Amount of funding
240 000 €
LTV
68%
Annual interest rate
13.00% - 14.00%
Total expected project return
14.08% - 15.16%
Loan period
13 mo.
Risk
C (higher)
Purpose of the loan
Development loan
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
267
Raised:
240 000 € Goal:
240 000 €
240 000 € Goal:
240 000 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | Vertinimas.pdf |
|
|
| 2 | Vertinimas naujas 08.pdf |
|
|
About the loan
Purpose of the loan
Real estate development
Amount of funding
240 000 €
LTV
68 %
Risk
C (higher)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan repayment postponement
4
Loan period
13 mo.
Minimum loan period
2 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
First order mortgage
The need for financing is an amount of 240,000 €, which can be be allocated for refinancing existing loan obligations on the Nordstreet platform and working capital to strengthen the company’s flow.
The borrower is waiting for a building permit. The building permit should be obtained in August. It is planned to sell the real estate after receiving the permit. There are already several potential buyers.
Investment from 100.00 €.
Interest
Annual interest rate
- Investing from 100.00 € - fixed interest 13 %
- Investing from 500.00 € - fixed interest 13.25 %
- Investing from 1 500.00 € - fixed interest 13.5 %
- Investing from 3 000.00 € - fixed interest 13.75 %
- Investing from 9 000.00 € - 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
13 mo.
Minimum loan period
2 mo.
Loan repayment
At the end of the loan period
Loan repayment postponement
4
Estimated start date of the loan:*
2022-09-01
Estimated loan repayment date:*
2023-09-15
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
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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%
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- Advertising and comfortable returns
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