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225 000 €
Listed: 2019-10-25
Type: Development loan
Mortgage rank: First
Interest payment schedule: Monthly
Min. amount of investment - € 0
EvoEstate Description:
We are investing our personal capital into this deal, because:
1. This project has already pre-sold 2 apartments, the deposits by the buyers have already been placed. The funds will be used to refinance the previous loan and use money to further development.
2. The current completion of the development is close to 60% and has the total area of the premises equal to 297.01 m2. Therefore in case of liquidation, the price of square meter would be 757 EUR/M, which considering the location of the property would make it liquid.
Nordstreet Description:
This is a project which continue its further development stage. Earlier in Nordstreet platform Lvovo st. 11, Šnipiškės, Vilnius project has received funding of 174 380 Eur.
Nordstreet guarantees safe investment:
the project LTV (loan value) relative will not exceed the project description the estimated LTV ratio, if the project will be funded phase;
failing to collect the necessary funding before the start of the new project, all the investment investment returned by the buses back to the people. Applying for a lower loan amount by the borrower can ensure a proper reduction of the funds collected for completion.
Purpose of financing
Loan protection
Project return on investment and interest payment
Object of the loan
The object of the loan is the acquisition of developing premises with 4 residential flats under development, which require financing - for the complete redemption of the premises and the final installation with partial finishing. The company needs financing to complete the final settlement of these assets and to complete the installation of the apartments.
To meet the financing need, the Developer pledges the property to be purchased located at Lvovo str. 11, Šnipiškės, Vilnius. The mortgaged property consists of premises, which are formed into 4 separate, unique residential apartments:
Flat / Room - Flat, u.n. 4400-5336-0004: 9436, total area 66.92 sq.m, floor - 4, target use - Residential (flats), designation is 32, year of construction 1940, year of reconstruction 2009 - 2019, completeness is 56 percent, condition - unfinished reconstruction, construction / reconstruction works in progress.
Flat / Room - Flat, u.n. 4400-5336-3636: 9437, total area 80.45 sq. M, floor 4, target use - Residential (flats), designation is 33, year of construction 1940, year of reconstruction 2009 - 2019, completeness is 56 percent, condition - unfinished reconstruction, construction / reconstruction works in progress.
Flat / Room - Flat, u.n. 4400-5336-3650: 9438, total area 82.7 sq. M, floor - 4, intended use - Residential (flats), designation is 34, year of construction 1940, year of reconstruction 2009 - 2019, completeness is 56 percent, condition - unfinished reconstruction, construction / reconstruction works in progress.
Flat / Room - Flat, u.n. 4400-5336-3661: 9439, total area 66.94 sq.m, floor 4, target use - Residential (flats), designation is 35, year of construction 1940, year of reconstruction 2009 -2019, completeness is 56 percent, condition - unfinished reconstruction, construction / reconstruction works in progress.
The total area of the premises is 297.01 m2
IMPORTANT! Already 2 apartments have been sold and purchase-sale agreements have been signed and advances have been received.
Loan Terms
Security Information
The mortgaged property will be purchased on premises with an asset value of -323,300 € according to the report.
Date | Status | Late | Assignment date |
---|---|---|---|
06.12.2019 | Paid | No | 13 December 2019, 11:39 |
06.01.2020 | Paid | No | 09 January 2020, 12:36 |
06.02.2020 | Paid | No | 10 February 2020, 13:03 |
06.03.2020 | Paid | No | 12 March 2020, 15:35 |
06.04.2020 | Paid | No | 07 April 2020, 08:04 |
06.05.2020 | Paid | No | 06 May 2020, 19:17 |
06.06.2020 | Paid | No | 08 June 2020, 21:39 |
06.07.2020 | Paid | No | 13 July 2020, 15:34 |
06.08.2020 | Paid | No | 13 August 2020, 19:09 |
06.09.2020 | Paid | No | 11 September 2020, 13:20 |
06.10.2020 | Paid | No | 26 October 2020, 12:33 |
06.11.2020 | Paid | No | 02 December 2020, 16:24 |
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Amount €