Wojska str. 18, Mrzeżyno village, Gryfice county, Poland
Descripton
Introduction
Nordstreet guarantees safe investment:
(i) the loan-to-value (LTV) ratio of the project will not exceed the LTV ratio provided in the project description if the project is funded in stages;
(ii) failure to collect the required funding before the start of the project will return all investments back to the invested persons. Upon application by the borrower for a lower loan amount, financing may be deemed to have been successfully completed by the collection of the lower amount.
Purpose of financing
Funding is collected for the development of a plot of land with a building on it.
Loan protection
Land and building located at Wojska st. 18, Mrzeżyn Township, Gryfice County, Poland, pledge on original mortgage.
Project return on investment and interest payment
Investing from 100 €
Annual investment return on the project from 11% (investment details are described in more detail)
Interest on the loan is calculated from the actual closing date of the auction and is paid monthly. The amount invested is repaid by the project developer repaying the loan.
Loan term: 12 months
Detailed Information
The object of the loan is a newly designed residential building for tourism and recreation, located at Wojska str. 18, Mrzeżyn Township, Gryfice County, Poland, which needs financing for the development of a plot of land with a building on it.
Location of the loan object
Mrzeżyn is a fishing seaport in the county of Gryfice. It is also a wellness resort with numerous recreational, spa and camping accommodation. The town is situated at the mouth of the river Rega. Every year during the July season, Mezzyn is visited by many tourists from Poland and Germany.
On the existing plot of 16,29 ares is designed a tourist holiday residential 2-storey building with a penthouse and 21 parking spaces. Residential holiday apartments are designed to meet the needs of the local market and are in demand in Polish housing. The location of the project is very attractive, close to the sea, in a quiet and beautiful forest area. The building is a little further from the main street, so the environment is quiet and cozy.
IMPORTANT! The project description and photos provide initial visualizations of the building, which may differ from the final architectural elements of the project as a result of the project, in order to make the project as attractive as possible to the end customer.
Loan Terms
Loan amount: € 120,000
Loan term: 12 months
Minimum loan term: 6 months
Value of the mortgaged property: € 182,700 (at current exchange rate PLN / EUR)
LTV (Loan-to-value ratio): 66%
Project risk: B (medium risk)
Loan Protection: A first line mortgage
Interest
Investing from 100 € - interest 11%
Investing from 15,000 € - Interest 11.5%
Security Information
Land plot with other (potential recreational and tourism purpose) purpose, area 0.1629 hectares and other (potential recreational and tourism purpose) purpose building, total area 331.00 m2;
Address of the mortgaged property: Wojska g. 18, Mrzeżyn Township, Gryfice County, Poland
Valuable property: land, building - other purpose
Value of the mortgaged property: € 182,700 (at current exchange rate PLN / EUR)
Documentation: Property Valuation
Report preparation date: January 7th. 2020
Evaluator: Plc Plus (Ewa Urbanska Firma)
Mortgage: A first line mortgage
Project Developers
Project developer - UAB "Projekto savininkas", which specializes in investment project preparation, management, object search, development and sales. Shareholders and executives of the company have developed successful real estate projects both in the city of Vilnius, in other cities and abroad. Below is a list of projects in Lithuania that have been developed or developed by the project administration and owners:
· Panerių str. conversion of warehouse space into an apartment building with administrative space.
· Office building, Daugėliškio str. preparation and management of the investment project.
· Holiday home repairs. investment project management and sales. School str., Palanga.
· Office building Kauno str. preparation and management of the investment project.
· Other real estate projects, their supervision and administration in Vilnius, Naujamiestis and Old Town. Nemenčynė and Trakai.
Documentation
