60 000 €
Type: Development loan
Mortgage rank: First
Interest payment schedule: Monthly
Min. amount of investment - € 0
The object of the loan is a residential building already funded on the Nordstreet platform, located in Kėdainiai, Kaunas County, which needs funding - to complete the building's construction, with a secondary mortgage on the property.
The amount of the loan is EUR 60,000 (sixty thousand euros).
Loan term is 12 months.
Loan annual return on investment 15%
Project annual return on investment 15%
Loan pledged property is a residential building with a value of EUR 575,000. (five hundred and seventy five thousand euros).
Loan-to-value ratio of primary mortgage 61%. (Mortgage Holder Nordstreet)
The loan-to-value ratio of the secondary mortgage is 71%.
The loan interest is repaid every month starting from the start of the project.
The loan is repaid before the end of the project by selling the residential dwellings, income from the company or refinancing the loan.
Project developer - Kohena Closed Joint-Stock Company engaged in real estate development, construction management and specializing in renovation of plots and / or residential buildings. The company is well-versed in a large-scale real estate project, the latest of which is the well-known, energy-class A modern, residential „Neries Ardai“ project.
Private Joint-Stock Company Kohena has already successfully repaid a loan on the Nordstreet platform.
Project provided by: