Nordstreet guarantees safe investment:
Purpose of financing:
Project return on investment and interest payment
Object of the loan
The object of the loan is a newly designed agricultural land, the purpose of which is being changed to another (residential use) for obtaining a construction permit, at Bitėnų St., Pilaitė eldership, Vilnius City, which needs financing - for the newly developed land as investment project and land preparation finance.
The existing 2,0028 hectares of agricultural land includes a newly developed plot - for other purpose (residential use) for future dwelling houses with a design area of at least 10,000 m2.
GENERAL PROJECT INFORMATION
- Land - (other agricultural land)
- Land area of 2.0028 hectares;
Interest on the loan is calculated from the end date of the auction and is paid monthly.
The value of the existing real estate part (Land - other agricultural land) is € 551,500. Land plot - changeable purpose to other-residential purpose.
Project developer - Net Tactical Private Limited Company and its shareholders, engaged in real estate development and / or investment and administers several plots in Vilnius city.
The company's shareholders and management have experience in real estate investments, their management and administration.
The funding will require an amount of € 180,000 to be used for further land design, alteration and preparation work.
First-line mortgages on existing real estate part - Mortgage.
The value of the property part is € 551,500. The full property valuation is uploaded in the Documents section.
The loan will be repaid from the company's income, sale of the investment project, lease or refinancing the loan.
Investment risk: B (medium)
The value of the mortgaged property part is € 551,500. Estimated plot of land.
Annual return on investment
Interest on the loan is calculated from the predetermined closing date of the auction and is paid monthly. The invested amount is repaid by the project developer repaying the loan.
Loan term: 14 months (with the option of early repayment, but no earlier than 6 months).
If the Borrower repays the Loan Amount or part thereof less than 6 months after the due date of 14 months, the Borrower undertakes to pay interest to the Lender for a period of 6 months. After a period of 6 months, the Borrower may repay the loan at no additional charge.
Company loan repayment period
Start of the project: 2020 02 18
Expected project completion: 2020 12 18 - 2021 02 18
|07.04.2020||Paid||No||09 April 2020, 00:00|
|07.05.2020||Paid||No||11 May 2020, 00:00|
|07.06.2020||Paid||No||05 June 2020, 20:54|
|07.07.2020||Paid||No||07 July 2020, 18:42|
|07.08.2020||Paid||No||07 August 2020, 14:57|
|07.09.2020||Paid||No||04 September 2020, 13:37|
|07.10.2020||Paid||No||06 October 2020, 20:56|
|07.11.2020||Paid||No||06 November 2020, 19:50|
|07.12.2020||Paid||No||07 December 2020, 13:54|
|07.01.2021||Paid||No||06 January 2021, 23:21|
|07.02.2021||Paid||No||06 February 2021, 00:29|