Projects list

Vytauto st. 18A, Zarasai, Lietuva

Project finished

Amount of funding 85 000 €

LTV 33%

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

Investors 107

Raised:
85 000 € Goal:
85 000 €

100.00%

Project updates

Possible loan repay delay

2023-04-15

The debtor has informed of a possible delay in repaying the loan.

Period paid

2022-05-16

The debtor has paid interest for the period 2022-04-28. Payment delay days: 18.

Information update

2022-05-12

The client is taking care of refinancing documentation. This or next week loan will be fully covered and paid out to investors.

Possible period delay

2022-05-02

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

Period paid

2022-04-04

The debtor has paid interest for the period 2022-04-05.

Period paid

2022-03-04

The debtor has paid interest for the period 2022-03-05.

Period paid

2022-02-03

The debtor has paid interest for the period 2022-02-05.

Period paid

2022-01-04

The debtor has paid interest for the period 2022-01-05.

Period paid

2021-12-03

The debtor has paid interest for the period 2021-12-05.

Period paid

2021-11-05

The debtor has paid interest for the period 2021-11-05.

Reminder about the upcoming deadline

2021-11-05

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-10-04

The debtor has paid interest for the period 2021-10-05.

Period paid

2021-09-01

The debtor has paid interest for the period 2021-09-05.

Business loan terms

About the loan

Purpose of the loan Investment loan

Amount of funding 85 000 €

LTV 33 %

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

Acquisition of a building (former Zarasai city hospital) with a land plot and other registered object on the land plot, address Vytauto st. 18A, Zarasai, Lithuania. Loan will be returned from company income, can be refinanced or from sale of an investment project.

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:* 2021-08-05

Estimated loan repayment date:* 2022-04-28

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 UAB Agroorganika

Company code 304693124

Company registration address

Company website https://agroorganic.eu/

LTD Agroorganika was registered in 2017. The main activity is sales of organic fertilizers and other products. The company wants to add to its business additional line and to acquire historical building (former hospital of Zarasai town), which is situated in the center of Zarasai town, at Vytautas st. 18A, Zarasai. The acquisition will be followed by further real estate development/conversion to elderly house.

According to Y2020 finance statements, sales revenue 2019 - 213 TEUR, 2020 - 454 TEUR, net profit 2019 -57 TEUR, 2020 - 47 TEUR. Shareholders equity - 66 TEUR, 2020 - 113 TEUR.

Loan protection collateral

Purchase price of a real estate is 105 TEUR, company's part in acquisition 20 TEUR, financing amount 85 TEUR. The company will develop acquired real estate and willing to invest in reconstruction/building conversion.

Loan collaterals

1. Land plot, i/d 4400-0380-9398, the main purpose - other (commercial object territory), total area 0,2233 hectares.

2. Building -hospital, i/d 4394-0030-2019, the main purpose - nursery, total space 1209,85 m2, construction date 1940.

3. Other registered object (fence, field b1,b2), i/d 4394-0030-2119, construction date 1940.

4. LTD Agroorganika letter of credit of 127,5 TEUR with additional guarantor Evelina Jegerskiene.

The place.

The purchase object is former hopsital building of Zarasai town, which is in a center of Zarasai, with easy access by cars, good condition roads and a parking space near the building . The area and surroundings are well organized.

The main positive aspects of the object:

- The object is situated in the center of Zarasai town, great place to start commercial activities, Zarasai has beautiful lakes and beautiful nature surroundings;

- The engineering and social infrastructure is well developed;

- The premises in the building can be easily converted to other functional commercial real estate. From a commercial point of view, premises can be used as commercial, social, academical, housing or hotel, o nursery.

Other aspects

- Before start of any type of operations, the object should be renovated, currently is not being used.

Strengths and risks

Strengths:

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 10.75-12.25%.

Threats:

The location of the property is less liquid.

Documents

#	File name	File type	Actions
1	Zarasai, Vytauto g. 18A.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 Investment loan

Amount of funding 85 000 €

LTV 33 %

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

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 %

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:* 2021-08-05

Estimated loan repayment date:* 2022-04-28

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

Guarantees / surety

Property type

Other

Mortgage rank

First order mortgage

LTV

33%

Documentation

Asset Valuation Report

Report preparation date

2021-07-08

Assessor

UAB Apus turtas

Loan collaterals

1. Land plot, i/d 4400-0380-9398, the main purpose - other (commercial object territory), total area 0,2233 hectares.

2. Building -hospital, i/d 4394-0030-2019, the main purpose - nursery, total space 1209,85 m2, construction date 1940.

3. Other registered object (fence, field b1,b2), i/d 4394-0030-2119, construction date 1940.

4. LTD Agroorganika letter of credit of 127,5 TEUR with additional guarantor Evelina Jegerskiene.

The place.

The main positive aspects of the object:

- The object is situated in the center of Zarasai town, great place to start commercial activities, Zarasai has beautiful lakes and beautiful nature surroundings;

- The engineering and social infrastructure is well developed;

Other aspects

- Before start of any type of operations, the object should be renovated, currently is not being used.

Project updates

Possible loan repay delay

2023-04-15

The debtor has informed of a possible delay in repaying the loan.

Period paid

2022-05-16

The debtor has paid interest for the period 2022-04-28. Payment delay days: 18.

Information update

2022-05-12

The client is taking care of refinancing documentation. This or next week loan will be fully covered and paid out to investors.

Possible period delay

2022-05-02

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

Period paid

2022-04-04

The debtor has paid interest for the period 2022-04-05.

Period paid

2022-03-04

The debtor has paid interest for the period 2022-03-05.

Period paid

2022-02-03

The debtor has paid interest for the period 2022-02-05.

Period paid

2022-01-04

The debtor has paid interest for the period 2022-01-05.

Period paid

2021-12-03

The debtor has paid interest for the period 2021-12-05.

Period paid

2021-11-05

The debtor has paid interest for the period 2021-11-05.

Reminder about the upcoming deadline

2021-11-05

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-10-04

The debtor has paid interest for the period 2021-10-05.

Period paid

2021-09-01

The debtor has paid interest for the period 2021-09-05.

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Vytauto st. 18A, Zarasai, Lietuva

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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Vytauto st. 18A, Zarasai, Lietuva

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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Bistryčios st. 27, Vilnius, Lithuania (1 stage)

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Teatra str. 9, Jurmala, Latvia

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