General Information

  • IRR%: 11
  • CoC%: -
  • Minimum: 100 EUR
  • Type: lending
  • Asset: residential-single
  • Investors: 281
  • Start Date: 2021-05-14
  • End Date: 2022-08-14
  • Target: 235k EUR
  • Completed: 100%

Additional Information

  • Land project in Baltų, Monciškių, Šaltinio str. Palangos city municipality, Lithuania
  • -
  • -
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  • Lithuania

Purpose of funding

• Residential land development project (you can get acquainted with the projected private house project in visualizations and photos)

Loan protection

• 9 residential land plots, first-line mortgage.

Project return on investment and interest payment

• Start of fundraising for the Nordstreet platform: 2021 04 30

• Investments from 100 €. First investment from 50 €.

• Annual return on project investment from 11% (investment conditions are described in more detail in the Details section)

• Interest on the Loan amount is calculated from the date (inclusive) when the Loan amount is paid to the Borrower's Paysera account or to another account (or accounts) of which the Borrower notifies the Operator in writing prior to the disbursement of the loan amount.

• Loan term: 15 months

• Interest is paid monthly. Loan repayment at maturity.

Nordstreet takes these measures to guarantee a safe 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, financing may be considered successful upon completion of a smaller amount, project financing may be divided into several stages and / or the project financing period 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 may make it possible to transfer these claim rights to other users of the platform in the Secondary Market in accordance with the terms of use.

• The activities of UAB Nordstreet are supervised by the Bank of Lithuania and included in the Public List of Operators of Concentrated Financing Platforms administered by the Bank of Lithuania.

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