Projects list

Giriau str. Bendorių village, Avižieniai, Vilnius, Lithuania (1 stage)

Waiting for investments

Amount of funding 100 000 €

LTV 47%

Annual interest rate 13.50% - 15.00%

Total expected project return 18.00% - 20.00%

Loan period

16 mo.

Risk

C (higher)

Purpose of the loan

Development loan

Collateral Real estate pledge

Country

Lithuania

Investors 2

Raised:
600 € Goal:
100 000 €

0.60%

How much will I earn if I invest:

Investment size

100.00 €

99 400.00 €

13.5% 14% 14.5% 15%

With this project in one month I will earn

€

After 12 months I will earn

€

After 16 months i will earn

€

* This calculator is exemplary and provides approximate results. Please note that the actual earnings may differ from the results provided by the calculator

Business loan terms

About the loan

Purpose of the loan Real estate development

Amount of funding 100 000 €

LTV 47 %

Risk C (higher)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 16 mo.

Minimum loan period 6 mo.

Collateral

Real estate pledge

Guarantees / surety

Mortgage rank First order mortgage

Funding requires amount of € 718 400, which be divided into stages. The loan funds will be used for real estate development. The borrower plans to build a commercial building of about 10,000 m2 and rent it out.

The following will be built: warehouses, commercial premises, offices, exhibition premises, etc. It is also planned to rent part of the parking lot. A separate access to the Vilnius - Panevėžys highway will be installed. (Highway A2)

The borrower already has two companies interested in renting real estate, letters of intent have been signed.

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 13.5 %
Investing from 1 000.00 € - fixed interest 14 %
Investing from 5 000.00 € - fixed interest 14.5 %
Investing from 10 000.00 € - fixed interest 15 %

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 16 mo.

Minimum loan period 6 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2023-03-01

Estimated loan repayment date:* 2024-06-10

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 LTD MBW

Company code 30617aaaa

Company registration address

Debtor information

Loan protection collateral

Loan collateral:

Value of pledged assets: 1 522 000 EUR.

Additional collateral: Company guarantee (bill of exchange), company' s shareholder XXXXX guarantee.

Strengths and risks

Strengths:

The first order of real estate pledge - mortgage.
Company guarantee (bill of exchange).

Weaknesses:

The borrower has been operating for less than a year.
The guarantor was late in paying small amounts.
Borrower 's activities are in a competitive sector.
The amount of funding is higher than average, so the project funding period may take longer.

Possibilities:

The annual interest rate payable by the borrower is 13.50-15.00%.

Threats:

Uncertain economic situation.
Property is in development stage.
Rising cost of building materials.

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 Real estate development

Amount of funding 100 000 €

LTV 47 %

Risk C (higher)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 16 mo.

Minimum loan period 6 mo.

Collateral

Real estate pledge

Guarantees / surety

Mortgage rank First order mortgage

The borrower already has two companies interested in renting real estate, letters of intent have been signed.

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 13.5 %
Investing from 1 000.00 € - fixed interest 14 %
Investing from 5 000.00 € - fixed interest 14.5 %
Investing from 10 000.00 € - fixed interest 15 %

Loan term and repayment

Loan period 16 mo.

Minimum loan period 6 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2023-03-01

Estimated loan repayment date:* 2024-06-10

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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Raised:
1 250 € Goal:
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3.06%

Annual interest rate
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Collateral Real estate pledge

Details

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M. K. Čiurlionio str. Naujamiestis, Vilnius, Lithuania refinancing

Raised:
1 200 € Goal:
150 000 €

0.8%

Annual interest rate
13% - 14.5%
Investors 2
LTV 65%
Risk group C (higher)
Months 8
Collateral Real estate pledge

Details

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