We are supervised by
Vytauto st. 18A, Zarasai, Lietuva (refinancing)
Amount of funding
65 000 €
LTV
24%
Annual interest rate
10.75% - 12.25%
Total expected project return
8.06% - 9.18%
Loan period
9 mo.
Risk
B (medium)
Purpose of the loan
Loan for acquisition
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
84
Raised:
65 000 € Goal:
65 000 €
65 000 € Goal:
65 000 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | Zarasai, Vytauto g. 18A.pdf |
|
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| 2 | AGR-Balansas ir PNA 2021-s0419 pasirašyti.pdf |
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About the loan
Purpose of the loan
To increase the company's working capital
Amount of funding
65 000 €
LTV
24 %
Risk
B (medium)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
9 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 65,000 €, which will be allocated for refinancing existing loan obligations on the Nordstreet platform.
This decision will give the borrower time to obtain better financing or sale conditions for the project, as well as to fulfill existing obligations and free up the working capital of the enterprise.
Investment from 100.00 €.
Interest
Annual interest rate
- Investing from 100.00 € - fixed interest 10.75 %
- Investing from 1 000.00 € - fixed interest 11 %
- Investing from 3 000.00 € - fixed interest 11.25 %
- Investing from 5 000.00 € - fixed interest 11.5 %
- Investing from 7 500.00 € - fixed interest 11.75 %
- Investing from 10 000.00 € - fixed interest 12.25 %
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
9 mo.
Minimum loan period
2 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2022-05-02
Estimated loan repayment date:*
2023-01-26
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
13% - 14%
- Investors 138
- LTV 31%
- Risk group B (medium)
- Months 24
- Collateral Real estate pledge
Latvia
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.
Teatra str. 9, Jurmala, Latvia
Raised:
283 200 € Goal:
283 200 €
283 200 € Goal:
283 200 €
100%
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