Projects list

Vaskussi tee, Rakvere city, Estonia (1 stage)

Amount of funding 150 000 €

LTV 50%

Annual interest rate 12.00% - 13.50%

Total expected project return 18.00% - 20.25%

Loan period

18 mo.

Risk

B (medium)

Purpose of the loan

Development loan

Collateral Real estate pledge

Country

Estonia

Investors 221

Raised:
150 000 € Goal:
150 000 €

100.00%

Secondary market

Project title	Interest	Investment size	Price	Bonus/ discount	Offer valid until
Vaskussi tee, Rakvere city, Estonia (1 stage)	12.00 %	100.00 €	100.00 €	0.00 %	2025-01-01	View offer Details
Vaskussi tee, Rakvere city, Estonia (1 stage)	12.00 %	100.00 €	100.00 €	0.00 %	2025-01-03	View offer Details

Project updates

The loan has been submitted for recovery

2024-11-29

The agreement was terminated. Initiation of forced execution through the bailiff.

Information update

2024-11-28

Please be informed that we have decided to terminate the loan agreement because the borrower has notified us of his inability to meet his obligations on time. The borrower is currently actively seeking buyers for the mortgaged property and it is likely that the sale of the property will result in a settlement with the investors in the near future. At the same time, we would like to inform you that we are preparing all the necessary steps to start the foreclosure process. We are also negotiating with the borrower the possibility of entering into a short-term amicable settlement agreement with the borrower, which could accelerate the resolution process. Thank you for your understanding and patience. Please keep an eye on our mailings for further action and updates. Regards, Nordstreet team.

Information update

2024-11-12

Please be informed that a notice has been sent to the borrower informing him of the possible termination of the loan agreement after 14 days if late payments are not made. At the same time, we are trying to work with the borrower to find a solution to this situation. Thank you for being with us, Nordstreet team.

Reminder about the upcoming deadline

2024-11-03

Debtor sent a reminder about the upcoming deadline for payment

Update of information on loan delays

2024-10-30

Communication with the debtor is in progress. A solution is sought to pay the overdue amount. We would also like to remind you that late interest is charged for each day of delay.

Notification of breach of payment obligation

2024-10-24

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2024-10-17

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2024-10-11

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-10-10

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-09-13

The debtor has paid interest for the period 2024-09-10. Payment delay days: 3.

Notification of breach of payment obligation

2024-09-11

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-09-10

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-08-09

The debtor has paid interest for the period 2024-08-10.

Period paid

2024-08-09

The debtor has paid interest for the period 2024-07-10. Payment delay days: 30.

Period paid

2024-08-09

The debtor has paid interest for the period 2024-06-10. Payment delay days: 60.

Information update

2024-08-09

The borrower promises to pay all overdue instalments by tomorrow. If late payments are not paid, we will initiate the process of terminating the loan agreement. Regards, Nordstreet team.

Information update

2024-08-01

The borrower indicates that he will make the late payments during this week. Please note that compensatory interest is charged for each day of delay. Regards, Nordstreet team.

Update of information on loan delays

2024-07-31

Communication with the debtor is in progress. A solution is sought to pay the overdue amount. We would also like to remind you that late interest is charged for each day of delay.

Notification of breach of payment obligation

2024-07-25

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2024-07-18

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2024-07-12

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-07-10

Debtor sent a reminder about the upcoming deadline for payment

Possible period delay

2024-06-12

The debtor has informed you of the possible delay in interest payment.

Notification of breach of payment obligation

2024-06-11

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-06-10

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-05-27

The debtor has paid interest for the period 2024-05-10. Payment delay days: 17.

Possible period delay

2024-05-15

The debtor has informed you of the possible delay in interest payment.

Notification of breach of payment obligation

2024-05-11

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-05-10

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-04-17

The debtor has paid interest for the period 2024-04-10. Payment delay days: 7.

Possible period delay

2024-04-15

The debtor has informed you of the possible delay in interest payment.

Notification of breach of payment obligation

2024-04-11

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-04-10

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-03-12

The debtor has paid interest for the period 2024-03-10.

Notification of breach of payment obligation

2024-03-11

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-03-10

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-02-19

The debtor has paid interest for the period 2024-02-10. Payment delay days: 9.

Notification of breach of payment obligation

2024-02-18

A reminder of breach of payment was sent to the Debtor

Possible period delay

2024-02-14

The debtor has informed you of the possible delay in interest payment.

Notification of breach of payment obligation

2024-02-11

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-02-10

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-01-05

The debtor has paid interest for the period 2024-01-10.

Period paid

2023-12-15

The debtor has paid interest for the period 2023-12-10. Payment delay days: 5.

Possible period delay

2023-12-14

The debtor has informed you of the possible delay in interest payment.

Notification of breach of payment obligation

2023-12-11

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-12-10

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-11-07

The debtor has paid interest for the period 2023-11-10.

Period paid

2023-10-06

The debtor has paid interest for the period 2023-10-10.

Period paid

2023-09-06

The debtor has paid interest for the period 2023-09-10.

Period paid

2023-08-07

The debtor has paid interest for the period 2023-08-10.

Period paid

2023-07-20

The debtor has paid interest for the period 2023-07-10. Payment delay days: 8.

Possible period delay

2023-07-12

The debtor has informed you of the possible delay in interest payment.

Notification of breach of payment obligation

2023-07-11

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-07-10

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-06-12

The debtor has paid interest for the period 2023-06-10.

Notification of breach of payment obligation

2023-06-11

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-06-10

Debtor sent a reminder about the upcoming deadline for payment

Business loan terms

About the loan

Purpose of the loan Real estate development

Amount of funding 150 000 €

LTV 50 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 18 mo.

Minimum loan period 2 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Funding requires amount of € 320 500, which be funded in stages. The loan funds will be used for real estate development. It is planned to build the first apartment building. The borrower has already completed architectural and basic construction engineering. The borrower plans to build a total of six 4-story apartment buildings.

The loan can be refinanced in other financial institution, from income of real estate sales or from company's capital.

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 12 %
Investing from 1 000.00 € - fixed interest 12.25 %
Investing from 3 000.00 € - fixed interest 12.5 %
Investing from 9 000.00 € - fixed interest 12.75 %
Investing from 10 000.00 € - fixed interest 13 %
Investing from 15 000.00 € - fixed interest 13.5 %

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 18 mo.

Minimum loan period 2 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2023-05-10

Estimated loan repayment date:* 2024-11-03

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 OÜ Narva Development Project

Company code 11128755

Company registration address

Valukoja 8 Tallinn Estonia 1

OÜ Narva Development Project, engaged in real estate contracting, purchasing, sales and development. The company belongs to the Erel Group AS group of companies.

A related company, Erel Group Trading OÜ, is granted financing on the Nordstreet platform. The company's financial indicators based on 2022 financial statements:

Sales revenue - EUR 1 954 559;
Net profit - EUR 1 067 589;
Equity - EUR 2 761 661 ;
Total assets - EUR 5 892 166.

Loan protection collateral

Loan collateral:

The firs real estate pledge - mortgage:

Land plot, address Vaskussi tee 1, Rakvere city, Estonia, cadastral number 77004:001:0093, area 12,633 m2;
Land plot, address Vaskussi tee 2, Rakvere city, Estonia, cadastral number 77004:001:0094, area 2,446 m2;
Land plot, address Vaskussi tee 3, Rakvere city, Estonia, cadastral number 77004:001:0095, area 4,208 m2;
Land plot, address Vaskussi tee T1, Rakvere city, Estonia, cadastral number 77004:001:0096, area 5,005 m2.

Value of mortgaged property: € 640 000.

Location

The residential area of Bellavere is located in a very beautiful landscape, next to the town of Rakvere, which is only a fifteen-minute walk away. A 100-place 2-story kindergarten with playgrounds and greenery is planned to be built in this new residential block.

Strengths and risks

Strengths:

The borrower made payments on time and without delay. (current loan at Nordstreet)
The first order of real estate pledge - mortgage.

Weaknesses:

Borrower 's activities are in a competitive sector.

Possibilities:

The annual interest rate payable by the borrower is 12.00-13.50%.

Threats:

Property is in development stage.
The location of the property is less liquid.
Rising cost of building materials.

Documents

#	File name	File type	Actions
1	Vertinimas 02.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 150 000 €

LTV 50 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 18 mo.

Minimum loan period 2 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

The loan can be refinanced in other financial institution, from income of real estate sales or from company's capital.

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 12 %
Investing from 1 000.00 € - fixed interest 12.25 %
Investing from 3 000.00 € - fixed interest 12.5 %
Investing from 9 000.00 € - fixed interest 12.75 %
Investing from 10 000.00 € - fixed interest 13 %
Investing from 15 000.00 € - fixed interest 13.5 %

Loan term and repayment

Loan period 18 mo.

Minimum loan period 2 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2023-05-10

Estimated loan repayment date:* 2024-11-03

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

2022-12-01

Assessor

OÜ Arco Vara Kinnisvarabüroo

Loan collateral:

The firs real estate pledge - mortgage:

Land plot, address Vaskussi tee 1, Rakvere city, Estonia, cadastral number 77004:001:0093, area 12,633 m2;
Land plot, address Vaskussi tee 2, Rakvere city, Estonia, cadastral number 77004:001:0094, area 2,446 m2;
Land plot, address Vaskussi tee 3, Rakvere city, Estonia, cadastral number 77004:001:0095, area 4,208 m2;
Land plot, address Vaskussi tee T1, Rakvere city, Estonia, cadastral number 77004:001:0096, area 5,005 m2.

Value of mortgaged property: € 640 000.

Location

Project updates

The loan has been submitted for recovery

2024-11-29

The agreement was terminated. Initiation of forced execution through the bailiff.

Information update

2024-11-28

Information update

2024-11-12

Reminder about the upcoming deadline

2024-11-03

Debtor sent a reminder about the upcoming deadline for payment

Update of information on loan delays

2024-10-30

Communication with the debtor is in progress. A solution is sought to pay the overdue amount. We would also like to remind you that late interest is charged for each day of delay.

Notification of breach of payment obligation

2024-10-24

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2024-10-17

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2024-10-11

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-10-10

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-09-13

The debtor has paid interest for the period 2024-09-10. Payment delay days: 3.

Notification of breach of payment obligation

2024-09-11

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-09-10

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-08-09

The debtor has paid interest for the period 2024-08-10.

Period paid

2024-08-09

The debtor has paid interest for the period 2024-07-10. Payment delay days: 30.

Period paid

2024-08-09

The debtor has paid interest for the period 2024-06-10. Payment delay days: 60.

Information update

2024-08-09

The borrower promises to pay all overdue instalments by tomorrow. If late payments are not paid, we will initiate the process of terminating the loan agreement. Regards, Nordstreet team.

Information update

2024-08-01

The borrower indicates that he will make the late payments during this week. Please note that compensatory interest is charged for each day of delay. Regards, Nordstreet team.

Update of information on loan delays

2024-07-31

Communication with the debtor is in progress. A solution is sought to pay the overdue amount. We would also like to remind you that late interest is charged for each day of delay.

Notification of breach of payment obligation

2024-07-25

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2024-07-18

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2024-07-12

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-07-10

Debtor sent a reminder about the upcoming deadline for payment

Possible period delay

2024-06-12

The debtor has informed you of the possible delay in interest payment.

Notification of breach of payment obligation

2024-06-11

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-06-10

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-05-27

The debtor has paid interest for the period 2024-05-10. Payment delay days: 17.

Possible period delay

2024-05-15

The debtor has informed you of the possible delay in interest payment.

Notification of breach of payment obligation

2024-05-11

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-05-10

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-04-17

The debtor has paid interest for the period 2024-04-10. Payment delay days: 7.

Possible period delay

2024-04-15

The debtor has informed you of the possible delay in interest payment.

Notification of breach of payment obligation

2024-04-11

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-04-10

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-03-12

The debtor has paid interest for the period 2024-03-10.

Notification of breach of payment obligation

2024-03-11

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-03-10

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-02-19

The debtor has paid interest for the period 2024-02-10. Payment delay days: 9.

Notification of breach of payment obligation

2024-02-18

A reminder of breach of payment was sent to the Debtor

Possible period delay

2024-02-14

The debtor has informed you of the possible delay in interest payment.

Notification of breach of payment obligation

2024-02-11

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-02-10

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-01-05

The debtor has paid interest for the period 2024-01-10.

Period paid

2023-12-15

The debtor has paid interest for the period 2023-12-10. Payment delay days: 5.

Possible period delay

2023-12-14

The debtor has informed you of the possible delay in interest payment.

Notification of breach of payment obligation

2023-12-11

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-12-10

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-11-07

The debtor has paid interest for the period 2023-11-10.

Period paid

2023-10-06

The debtor has paid interest for the period 2023-10-10.

Period paid

2023-09-06

The debtor has paid interest for the period 2023-09-10.

Period paid

2023-08-07

The debtor has paid interest for the period 2023-08-10.

Period paid

2023-07-20

The debtor has paid interest for the period 2023-07-10. Payment delay days: 8.

Possible period delay

2023-07-12

The debtor has informed you of the possible delay in interest payment.

Notification of breach of payment obligation

2023-07-11

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-07-10

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-06-12

The debtor has paid interest for the period 2023-06-10.

Notification of breach of payment obligation

2023-06-11

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-06-10

Debtor sent a reminder about the upcoming deadline for payment

Project title	Interest	Investment size	Price	Bonus/ discount	Offer valid until
Vaskussi tee, Rakvere city, Estonia (1 stage)	12.00 %	100.00 €	100.00 €	0.00 %	2025-01-15	View offer Details
Vaskussi tee, Rakvere city, Estonia (1 stage)	12.00 %	100.00 €	100.00 €	0.00 %	2025-01-17	View offer Details

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Vaskussi tee, Rakvere city, Estonia (1 stage)

About the loan

Investment from 100.00 €.

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 100.00 €.

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

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Vaskussi tee, Rakvere city, Estonia (1 stage)

Please register or sign in to access this information.

About the loan

Investment from 100.00 €.

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 100.00 €.

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

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