Projects list

Žilvino str.7, Palanga, Lithuania

Project finished

Amount of funding 174 000 €

LTV 62%

Annual interest rate 11.00% - 12.50%

Total expected project return 11.00% - 12.50%

Loan period

12 mo.

Risk

B (medium)

Purpose of the loan

Development loan

Collateral Real estate pledge

Country

Lithuania

Investors 175

Raised:
174 000 € Goal:
174 000 €

100.00%

Project updates

Period paid

2021-11-23

The debtor has paid interest for the period 2021-10-31. Payment delay days: 19.

Period paid

2021-11-23

The debtor has paid interest for the period 2021-09-30. Payment delay days: 50.

Update of information on loan delays

2021-11-20

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

2021-11-14

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2021-11-07

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2021-11-01

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2021-10-31

Debtor sent a reminder about the upcoming deadline for payment

Possible period delay

2021-10-27

The bank is expected to refinance the project in the next two weeks. Construction obligations have been fulfilled, the project is almost completed. According to the client, the valuation of the property was updated to 950 thousand EUR. One buyer wants to buy two apartments, preliminary conditions are coordinated.

Possible period delay

2021-10-20

Partial coatings have been carried out, the customer has informed that the remaining overdue will be covered this week.

Possible period delay

2021-10-04

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

Period paid

2021-10-01

The debtor has paid interest for the period 2021-08-31. Payment delay days: 31.

Reminder about the upcoming deadline

2021-09-30

Debtor sent a reminder about the upcoming deadline for payment

Possible period delay

2021-09-01

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

Reminder about the upcoming deadline

2021-08-31

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-08-13

The debtor has paid interest for the period 2021-07-31. Payment delay days: 13.

Period paid

2021-08-13

The debtor has paid interest for the period 2021-06-30. Payment delay days: 44.

Notification of breach of payment obligation

2021-08-07

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2021-08-01

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2021-07-31

Debtor sent a reminder about the upcoming deadline for payment

Possible period delay

2021-07-01

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

Notification of breach of payment obligation

2021-07-01

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2021-06-30

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-06-28

The debtor has paid interest for the period 2021-05-31. Payment delay days: 28.

Possible period delay

2021-05-30

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

Period paid

2021-05-17

The debtor has paid interest for the period 2021-04-30. Payment delay days: 17.

Possible period delay

2021-04-29

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

Period paid

2021-04-06

The debtor has paid interest for the period 2021-03-31. Payment delay days: 6.

Possible period delay

2021-03-30

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

Period paid

2021-03-08

The debtor has paid interest for the period 2021-02-28. Payment delay days: 8.

Possible period delay

2021-02-27

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

Period paid

2021-02-10

The debtor has paid interest for the period 2021-01-31. Payment delay days: 10.

Possible period delay

2021-02-01

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

Business loan terms

About the loan

Amount of funding 174 000 €

LTV 62 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 12 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 11 %
Investing from 2 500.00 € - fixed interest 11.5 %
Investing from 5 000.00 € - fixed interest 12 %
Investing from 15 000.00 € - fixed interest 12.5 %

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 12 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2020-12-31

Estimated loan repayment date:* 2021-12-31

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 ESSCALA real estate

Company registration address

Project developer - UAB ESSCALA real estate, which specializes in project search, development and sales. The company’s shareholders and executives have developed successful real estate projects in the coastal region, and the company continues to successfully administer and lease existing properties.

Loan protection collateral

Purpose of a business loan

Funding requires an amount of € 174,000 to complete the project under development.

Loan collateral

Mortgage of the first line of existing real estate - Mortgage. The loan will be repaid after the sale of all / part of the pledged property, from the sale of the company's development assets, current and future profits or after refinancing the loan.

Investment risk: B (medium)

LTV: 62%

Mortgage property: Land plot (low-rise residential houses, No. 2501-0017-0011 and existing building No. 4400-5573-3032), with a total area of 0.1818 hectares and 238.35 m2, at Žilvino str.7, Palanga, Lithuania .

Value of mortgaged property: € 281,000

Interest:

• When investing from 100 EUR - interest 11%

• When investing from 2,500 EUR - interest 11.5%

• When investing from 5,000 EUR - interest 12%

• When investing from 15 000 EUR - interest 12.5%

Loan term

12 months (with the possibility of repayment earlier, but not earlier than after a period of 4 months).

If the Borrower repays the Loan amount or a part thereof earlier than 4 months after the due date of 12 months, he 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 (together with the applicable interest) without any additional fees.

Company loan repayment period

Estimated start date of the loan: 2020 12 30

Expected repayment date of the loan: 2021 09 01 - 2021 10 01

Strengths and risks

SWOT analysis of the project beneficiary:

Strengths - First lien on existing real estate - Mortgage.

Weaknesses - Collateral assets are developing.

Opportunities - The borrower's expected average annual interest rate payable is 11 - 12.5%.

Threats - The current economic situation is unclear.

Documents

#	File name	File type	Actions
1	LandvalutionZilvino7N2012S17.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 174 000 €

LTV 62 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 12 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 11 %
Investing from 2 500.00 € - fixed interest 11.5 %
Investing from 5 000.00 € - fixed interest 12 %
Investing from 15 000.00 € - fixed interest 12.5 %

Loan term and repayment

Loan period 12 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2020-12-31

Estimated loan repayment date:* 2021-12-31

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

62%

Purpose of a business loan

Funding requires an amount of € 174,000 to complete the project under development.

Loan collateral

Investment risk: B (medium)

LTV: 62%

Value of mortgaged property: € 281,000

Interest:

• When investing from 100 EUR - interest 11%

• When investing from 2,500 EUR - interest 11.5%

• When investing from 5,000 EUR - interest 12%

• When investing from 15 000 EUR - interest 12.5%

Loan term

12 months (with the possibility of repayment earlier, but not earlier than after a period of 4 months).

Company loan repayment period

Estimated start date of the loan: 2020 12 30

Expected repayment date of the loan: 2021 09 01 - 2021 10 01

Project updates

Period paid

2021-11-23

The debtor has paid interest for the period 2021-10-31. Payment delay days: 19.

Period paid

2021-11-23

The debtor has paid interest for the period 2021-09-30. Payment delay days: 50.

Update of information on loan delays

2021-11-20

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

2021-11-14

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2021-11-07

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2021-11-01

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2021-10-31

Debtor sent a reminder about the upcoming deadline for payment

Possible period delay

2021-10-27

Possible period delay

2021-10-20

Partial coatings have been carried out, the customer has informed that the remaining overdue will be covered this week.

Possible period delay

2021-10-04

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

Period paid

2021-10-01

The debtor has paid interest for the period 2021-08-31. Payment delay days: 31.

Reminder about the upcoming deadline

2021-09-30

Debtor sent a reminder about the upcoming deadline for payment

Possible period delay

2021-09-01

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

Reminder about the upcoming deadline

2021-08-31

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-08-13

The debtor has paid interest for the period 2021-07-31. Payment delay days: 13.

Period paid

2021-08-13

The debtor has paid interest for the period 2021-06-30. Payment delay days: 44.

Notification of breach of payment obligation

2021-08-07

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2021-08-01

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2021-07-31

Debtor sent a reminder about the upcoming deadline for payment

Possible period delay

2021-07-01

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

Notification of breach of payment obligation

2021-07-01

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2021-06-30

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-06-28

The debtor has paid interest for the period 2021-05-31. Payment delay days: 28.

Possible period delay

2021-05-30

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

Period paid

2021-05-17

The debtor has paid interest for the period 2021-04-30. Payment delay days: 17.

Possible period delay

2021-04-29

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

Period paid

2021-04-06

The debtor has paid interest for the period 2021-03-31. Payment delay days: 6.

Possible period delay

2021-03-30

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

Period paid

2021-03-08

The debtor has paid interest for the period 2021-02-28. Payment delay days: 8.

Possible period delay

2021-02-27

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

Period paid

2021-02-10

The debtor has paid interest for the period 2021-01-31. Payment delay days: 10.

Possible period delay

2021-02-01

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

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Žilvino str.7, Palanga, Lithuania

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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Žilvino str.7, Palanga, Lithuania

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

Rožių st. 74, Panevėžys, Lithuania (3 stage)

Dovinės 18-oji str. 6, Liudvinavo vil., Marijampolės mun., Lithuania (1 stage)

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Business loan #00340

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Join the Nordstreet investor community!