Nordstreet takes these measures to protect your 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 invested persons. Upon application by the Borrower, 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 claim rights. Nordstreet does not make it possible to transfer these acquired claim rights to other persons on its platform.
- The activities of UAB Nordstreet are controlled by the Bank of Lithuania and included in the Public List of Operators of Concentrated Financing Platforms administered by the Bank of Lithuania.
Without collecting the required funds until the start of the project, i.e. November 24th all investments will be returned to the invested people back.
The object of the loan is non-residential buildings located in the Old Town, which require financing - for the redemption of premises and partial installation.
The loan amount is 82,500 Eur (eighty two thousand and five hundred euros).
The maturity of the loan is 36 months.
The loan return on investment is 9%.
Loans are mortgaged property - a property with a market value of EUR 114,800 (one hundred and fourteen thousand and eight hundred euros).
According to the latest evaluation of real estate agency UAB "Cre pro", the market value of mortgaged property is EUR 114,800.
The ratio of LTV (loan-to-value) to 69%.
Loan interest is repaid every month starting in 2018. December. The full loan would be repaid at the end of the project by selling the entire project, premises individually or from the business income of the company.