K. Donelaičio g.14B, Naujamiesčio seniūnija, Vilnius

 Development loan
Lithuania
Status
Done
40 072 € (33.39%)
120 000 €
Term: 12 months
Interest payment schedule: At Project Completion
11%
Annual yield
-
LTV
First
Mortgage rank
No
EVOEstate skin in the game

EvoEstate comment:

The LTV and value of land is fair. The biggest risk of this project is the type of land: 'commercia' and there is a risk to changing it to residential: it might take longer than expected or at worst case can not be changed.

NordStreet

The object of the loan is a newly planned and projected apartment building (photos No.1, 2, 3, 4, 5, 6, 7) at K. Donelaičio str. for project preparation and initial earthworks.

The existing 2.88 acre site has a multi-apartment residential 4-storey residential building with 8 penthouses and 4 newly built modern apartments. Residential flats and premises are designed to meet the needs of the majority and are in demand in the market and Užupis area. The location of the project is very attractive, the windows of the planned apartments are oriented slightly further from the main street, so the environment is quiet and cozy.

GENERAL PROJECT INFORMATION

- Plot of land - commercial objects (purpose is changed to apartment building);

- Land area of ​​0.0288 hectares;

- Commercial building with total area of ​​47.51 sq.m;

The purpose of the loan is EUR 120,000 (one hundred and twenty thousand euros).

Loan term is 12 months.

Annual loan return on investment from 11%

Exceptional Investment Terms!

Investing from € 2,500 return on investment: 11.5%

Investing from € 5,000 Return on Investment: 12%

Investing from € 15,000 return on investment: 12.5%

After investing from 2500 € be sure to contact us by email: info@nordstreet.com

Project annual return on investment from 11%

LTV (loan-to-value) ratio is 52%.

The loan would be mortgaged real estate - a proprietary commercial building and a land lease (land of multiple buildings) with a total value of EUR 232,000 (two hundred and thirty two thousand euros). For more information, see the attached evaluation ("Documents" section)

Interest on the loan is calculated from the end date of the auction and is paid monthly.

The loan is repaid by the end of the project term through the sale of residential flats, income from the company or refinancing the loan.

Project provided by:
Status
Done
40 072 € (33.39%)
120 000 €
Term: 12 months
Interest payment schedule: At Project Completion
11%
Annual yield
-
LTV
First
Mortgage rank
No
EVOEstate skin in the game