80 000 €
Type: Business loan
Mortgage rank: First
Interest payment schedule: Monthly
Min. amount of investment - € 0
This is skin in the game project. Our analysis say that in case of default this property could be sold for 100.000€ in a medium term. The loan is 80k and valuation 145k €
Nordstreet guarantees safe investment:
Purpose of financing:
Project return on investment and interest payment
Object of the loan
The object of the loan is real estate used for the operation of the company, which needs financing - to finance the purchase of the building located on the site, its renovation and the internal workflow. The company needs financing for business development. The company is engaged in trading of chemical raw materials.
This project is raising additional funding for a project already successfully funded by the Nordstreet platform at Vilties St. 20 in Nemekstė, Utena district, by pledging other additional assets.
The developer pledges the available real estate located at Skynimų str. 2, Panevezys. The mortgaged property consists of own plot of 0.1499 ha, residential building. The total area of the building is 179.94 sq.m. m.
Interest - annual return on investument
Loan protection Information
The mortgaged property is property and land owned by it and the property is valued at € 145,000, according to the report.
The project is sponsored by JSC "Norbalta", whose owners and shareholders administer the company's real estate. The company's current activities include overseeing, leasing, operating and administering real estate.
JSC Norbalta has a great deal of experience in trade, which is evidenced by the turnover achieved. By acquiring the premises, the company will reduce its costs and engage in on-site production of parts.
Turnover in 2017 was EUR 1.08 million, and already in 2018 the company was able to increase its turnover to EUR 6.5 million. For further development and growth, the company plans to acquire the said premises and adapt them to its own needs.
Currently, UAB Norbalta is preparing the material and will develop a joint project "Eksperimentas LT" with KTU University scientists to receive support for this project, which will start in the fourth quarter of this year.
JSC Norbalta has already successfully secured financing for Nordstreet platform in another project!
The amount of funding required is € 80,000, which will be allocated to the building at Vilties str. 20, Nemekščiai for renovation and renovation.
First-line mortgage on existing real estate - Mortgage.
The value of the property is € 145 000.
Investment risk: B
The value of the pledged property is 145 000 €
1) 0,1499 sq.m land
2) 179,94 sq.m building
Interest on the loan is calculated from the end date of the auction and is paid monthly.
Loan term: 12 months (with option to repay earlier, but not earlier than 2 months).
If the Borrower repays the Loan Amount or part thereof less than 2 months after the due date of 12 months, the Borrower undertakes to pay interest to the Lender for a period of 2 months. After a period of 2 months, the Borrower may repay the loan at no additional charge.
Loan repayment period
Expected loan start date: 2019 09 18
Expected loan repayment date: 2020 06 18 - 2020 09 18
|10.11.2019||Paid||No||29 November 2019, 18:04|
|10.12.2019||Paid||No||06 January 2020, 23:33|
|10.01.2020||Paid||No||15 January 2020, 15:16|
|10.02.2020||Paid||No||10 March 2020, 12:06|
|10.03.2020||Paid||No||15 May 2020, 18:58|
|10.04.2020||Paid||No||26 May 2020, 17:48|
|10.04.2020||Paid||No||27 May 2020, 16:48|
|10.05.2020||Paid||No||11 June 2020, 17:24|
|10.06.2020||Paid||No||16 June 2020, 20:18|