We are supervised by
Žolyno str. 3-101, R1, Vilnius, Lithuania (4 stage)
Amount of funding
25 000 €
LTV
63%
Annual interest rate
14.00% - 15.50%
Total expected project return
12.83% - 14.20%
Loan period
11 mo.
Risk
C (higher)
Purpose of the loan
Development loan
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
66
Raised:
25 000 € Goal:
25 000 €
25 000 € Goal:
25 000 €
100.00%
| # | File name | File type | Actions |
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| 1 | Vertinimas.pdf |
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About the loan
Purpose of the loan
Real estate development
Amount of funding
25 000 €
LTV
63 %
Risk
C (higher)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
11 mo.
Minimum loan period
4 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
Second order mortgage
The total value of the project is EUR 900,000. The funding is provided in conjunction with the Credit Institution, which intends to co-finance the project with Nordstreet and provide € 550,000 in funding. For the credit union, the Property will be pledged with an initial Property Mortgage, and Nordstreet investors will be pledged with a subsequent Property Mortgage. The Nordstreet platform aims to raise € 350,000 (which be divided into stages). Both financial institutions will sign an agreement on the occurrence of the Assets and the termination and performance of the contract if at least one of the financing institutions fails to meet its obligations, regardless of the order in which the Assets are mortgaged.
The loan funds will be used:
- EUR 800,000 for the purchase of real estate;
- The remaining amount of EUR 100,000 will be used for the implementation of the real estate project:
-EUR 33,000 for separation of the heating system, construction of new heating boilers;
-EUR 35,000 for the installation of commercial premises;
-EUR 13,000 for separating and equipping the premises of the third floor with a separate heating method (air and water);
- EUR 12,000 design works, separation of commercial premises according to unique numbers;
- EUR 10,000 for other works (maintenance, lot).The loan can be refinanced in other financial institution, from income of real estate sales or from company's capital.
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 14 %
- Investing from 1 000.00 € - fixed interest 14.25 %
- Investing from 3 000.00 € - fixed interest 14.5 %
- Investing from 5 000.00 € - fixed interest 14.75 %
- Investing from 10 000.00 € - fixed interest 15 %
- Investing from 15 000.00 € - fixed interest 15.5 %
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
11 mo.
Minimum loan period
4 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2023-04-06
Estimated loan repayment date:*
2024-02-28
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
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Annual interest rate
16% - 16%
- Investors 43
- LTV 0%
- Risk group B (medium)
- Months 24
- Collateral Guarantees / surety
Lithuania
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.
Business loan #00337 (2 stage)
Raised:
12 000 € Goal:
12 000 €
12 000 € Goal:
12 000 €
100%
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- Average return 12.72%
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