Projects list

Winston-Salem, Forsyth County, North Carolina 27127, United States of America (3 stage)

Project finished

Amount of funding 80 000 €

LTV 17%

Annual interest rate 12.00%

Total expected project return 8.00%

Loan period

8 mo.

Risk

A (low)

Purpose of the loan

Development loan

Collateral Real estate pledge

Country

United States of America

Investors 87

Raised:
80 000 € Goal:
80 000 €

100.00%

Project updates

Period paid

2020-07-13

The debtor has paid interest for the period 2020-06-30. Payment delay days: 10.

Loan repaid

2020-07-13

The debtor has repaid the loan. Duration of loan 250 d.

Period paid

2020-06-08

The debtor has paid interest for the period 2020-05-06. Payment delay days: 1.

Period paid

2020-06-06

The debtor has paid interest for the period 2020-06-06.

Period paid

2020-05-07

The debtor has paid interest for the period 2020-04-06. Payment delay days: 4.

Period paid

2020-03-06

The debtor has paid interest for the period 2020-03-06.

Period paid

2020-02-06

The debtor has paid interest for the period 2020-02-06.

Period paid

2020-01-06

The debtor has paid interest for the period 2020-01-06.

Period paid

2019-12-06

The debtor has paid interest for the period 2019-12-06.

Business loan terms

About the loan

Amount of funding 80 000 €

LTV 17 %

Risk A (low)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 8 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 12 %

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 8 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2019-11-06

Estimated loan repayment date:* 2020-06-30

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 LLC BSG Assets

Company registration address

Naugarduko g. 19 Vilnius Lietuva LT-03226

PI CAPITAL GROUP LLC is an outcome of a vast experience in developing European residential projects, combined with a detailed observation of US real estate field.

Despite of being established in 2018, PI CAPITAL GROUP has a strong background in the real estate industry. Company history started in 1999 with the name of JSC Progresyvios Investicijos (PI) in Lithuania (Baltic country). From that time company successfully expand its activities in to Latvia, Ukraine, Slovakia real estate markets and has completed more than 40 projects with more than 2500 units in total.

From 2012 companies’ activities has moved to US market, with its main specialization on senior segment.

TEAM MEMBERS

Alexander Soloveicik

With over 20-years of experience in the real estate market as an Owner and CEO of a Lithuanian real estate development company JSC Progresyvios Investicijos, which completed more than 40 residential projects or 2,500 units across Lithuania, Latvia, Ukraine and Slovakia. In 2012 he came to the US and became the Owner and CEO of BSG Assets, LLC, a real estate development firm in the U.S. with a focus on the South and North Carolinas. As of 2018, he is the Owner and CEO of PI Capital Group, LLC formed to develop residential and independent senior living communities.

Joseph C. Posh

Has 30-years of development experience as a Development Manager of Posh Properties. As a Development Manager, he evaluates raw land, prepares development and construction budgets, prepares pro-forma and operating statements, manages the development process from acquisition through entitlement, manages the construction process from permits through C.O., performs lease negotiations and executions, provides oversight of contracts and vendors and manages both tenant and financial relationships.

Mach Schoneveld

Has more than 30-years of experience in the hotel, resort and retirement housing/care industry. From 2001 going CEO and Founder of Sotel Enterprises, Inc. developing and implementing a new senior housing program/ product. The hallmark of Mr. Schoneveld’s efforts has been his response to a need in the field in which he was involved. His objectives include, research and detailed analysis of appropriate markets and the establishment of production systems that will produce the highest quality product at the lowest possible cost.

Minvydas Zykas

With over 15 years of international experience in real estate project management, development, repairs and constructions also business process and marketing management. International experience with JSC Progresyvios investicijos in Lithuania, Latvia, Ukraine and Slovakia real estate markets. Starting from 2010 team member of international company SNC Lavalin, as property manager for the Baltic countries. Main focus on increasing asset value through innovation, improvements and efficiency. From 2018 partner of PI Capital Group, LLC.

Loan protection collateral

Current situation & business model

PI capital group has 100% of land plot ownership (no debts).
Land plot is fully prepared for development with all needed permissions.
All architectural drawings and other required projects are done.
Construction bidding processes are in final stage.
Marketing, sales and operational partnerships have preliminary agreements and waits for project start.
Real estate project is 100% rental active adult community.
Equity partners entrance at the project start and takes exit after project sale.
Equity partner profitability is complex number of preferable return and final profit part (calculated according to the water fall methodology).

Amount of the loan: 80 000 €

Loan term: 7 months (with option to repay before maturity, but not earlier 4 months)

If the Borrower repays the Loan Amount or part thereof less than 4 months after the due date of 8 months, the Borrower undertakes to pay interest to the Lender for a period of 4 months. After a period of 4 months, the Borrower may repay the loan at no additional charge.

The annual return on loan investment: 12%.

LTV (loan-to-value): 17%

Object of the loan: land infrastructure development

Loan collateral: First-Quarter Real Estate Mortgage - Mortgage.

Loan pledged property: $ 1.7 million worth land. You will find a valuation of the asset in the attachment.

This project, probably, will be funded in several stages, so the final LTV (loan-to-mortgage ratio) will not exceed 50%. The pledge of assets at all stages of financing will be the mortgage of the original project under development.

After the fundraising of the project, the assets will be mortgaged for the benefit of investors. (Stage 1 funds are already secured by projects assets, i.e. mortgaged assets on a primary mortgage)

Strengths and risks

Documents

#	File name	File type	Actions
1	Apraizal Sotel Independent Living Land Tract - Winston Salem, NC (2018.03.08).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

Amount of funding 80 000 €

LTV 17 %

Risk A (low)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 8 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 12 %

Loan term and repayment

Loan period 8 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2019-11-06

Estimated loan repayment date:* 2020-06-30

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

Commercial

Mortgage rank

First order mortgage

LTV

17%

Current situation & business model

PI capital group has 100% of land plot ownership (no debts).
Land plot is fully prepared for development with all needed permissions.
All architectural drawings and other required projects are done.
Construction bidding processes are in final stage.
Marketing, sales and operational partnerships have preliminary agreements and waits for project start.
Real estate project is 100% rental active adult community.
Equity partners entrance at the project start and takes exit after project sale.
Equity partner profitability is complex number of preferable return and final profit part (calculated according to the water fall methodology).

Amount of the loan: 80 000 €

Loan term: 7 months (with option to repay before maturity, but not earlier 4 months)

The annual return on loan investment: 12%.

LTV (loan-to-value): 17%

Object of the loan: land infrastructure development

Loan collateral: First-Quarter Real Estate Mortgage - Mortgage.

Loan pledged property: $ 1.7 million worth land. You will find a valuation of the asset in the attachment.

After the fundraising of the project, the assets will be mortgaged for the benefit of investors. (Stage 1 funds are already secured by projects assets, i.e. mortgaged assets on a primary mortgage)

Debtor

Company title LLC BSG Assets

Company registration address

Naugarduko g. 19 Vilnius Lietuva LT-03226

PI CAPITAL GROUP LLC is an outcome of a vast experience in developing European residential projects, combined with a detailed observation of US real estate field.

From 2012 companies’ activities has moved to US market, with its main specialization on senior segment.

TEAM MEMBERS

Alexander Soloveicik

Joseph C. Posh

Mach Schoneveld

Minvydas Zykas

Project updates

Period paid

2020-07-13

The debtor has paid interest for the period 2020-06-30. Payment delay days: 10.

Loan repaid

2020-07-13

The debtor has repaid the loan. Duration of loan 250 d.

Period paid

2020-06-08

The debtor has paid interest for the period 2020-05-06. Payment delay days: 1.

Period paid

2020-06-06

The debtor has paid interest for the period 2020-06-06.

Period paid

2020-05-07

The debtor has paid interest for the period 2020-04-06. Payment delay days: 4.

Period paid

2020-03-06

The debtor has paid interest for the period 2020-03-06.

Period paid

2020-02-06

The debtor has paid interest for the period 2020-02-06.

Period paid

2020-01-06

The debtor has paid interest for the period 2020-01-06.

Period paid

2019-12-06

The debtor has paid interest for the period 2019-12-06.

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Winston-Salem, Forsyth County, North Carolina 27127, United States of America (3 stage)

About the loan

Investment from 100.00 €.

Interest

Annual interest rate

Loan term and repayment

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

Documents

Nordstreet takes the following measures to ensure a safer investment:

Project updates

Secondary market

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Business loan #00342

Teatra str. 9, Jurmala, Latvia

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Winston-Salem, Forsyth County, North Carolina 27127, United States of America (3 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

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

Documents

Nordstreet takes the following measures to ensure a safer investment:

Project updates

Secondary market

Latest loans

2 MW solar power park Narvydžių vil., Skuodo d., Lithuania (1 stage)

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

Business loan #00342

Teatra str. 9, Jurmala, Latvia

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Join the Nordstreet investor community!