Nordstreet guarantees a safe investment
- 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;
- failure to collect the required amount of 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, the financing may be deemed to be successfully completed at the lower amount.
Purpose of financing
Project investment return and interest payment
Object of the loan
The object of the loan is three agricultural parcels with building permits, which are designed three residential and six recreational (non-residential) buildings, address Sakiškių village, Bezdonys eldership, Vilnius district, which needs financing - land preparation and construction of newly planned buildings.
The existing three plots of 0.5764 ha, 0.5774 ha, 0.5217 ha have newly designed buildings, cozy and within easy reach of the forest area. The total area of the planned buildings is almost 2200 m2. The building areas are designed to meet the needs of the suburban population and are in demand in the market and in the area. The location of the project is attractive and is located in the long-loved area of Vilnius district, near the famous Laurai quarter, on the renewed Nemencine highway road.
GENERAL PROJECT INFORMATION
- 3 agricultural parcels with building permits;
- Total useful land area of 1.6755 hectares;
- 3 future residential buildings with an area of 262.31 m2 (visualization subject to change during project development)
- 6 future recreational (non-residential) buildings with an area of 240 to 241 m2 (visualizations may change during the project development)
The value of the existing real estate, land plots with building permits is 893,100 €.
Land parcels - target use - agricultural areas. Video can be found here
Project developer UAB "Aganus" is established to manage real estate development and administration activities.
The company has developed and participated in a number of successful real estate projects and successfully continues its beginnings by developing land and real estate activities in Vilnius and beyond. The company's turnover in 2019 was over EUR 0.6 million and its assets almost EUR 1 million.
The funding requires an amount of € 370,000, which will be used to finance the land preparation and the construction of the newly planned buildings.
Mortgages and personal pledge of the first employee of the company V.Zažeckytė.
The value of the property is € 893,100. The full property valuation is uploaded in the Documents section.
The loan will be repaid from the company's operating income, sale of assets or refinancing the loan.
Investment risk: B (medium)
Interest on the Loan Amount shall be calculated from the date (inclusive) on which the Loan Amount is paid into the Borrower's Paysera Account or such other account (s) as the Borrower shall provide in writing to the Operator prior to disbursement of the Loan Amount.
Loan term: 14 months (with option to repay earlier but not 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 project: 2020 03 01
Expected completion of the project: 2021 02 01 - 2021 04 01
|02.04.2020||Paid||No||10 April 2020, 00:00|
|02.05.2020||Paid||No||20 May 2020, 12:05|
|02.06.2020||Paid||No||04 June 2020, 20:12|
|02.07.2020||Paid||No||16 July 2020, 17:39|
|02.08.2020||Paid||No||31 August 2020, 18:53|
|02.09.2020||Paid||No||14 September 2020, 19:30|
|02.10.2020||Paid||No||15 October 2020, 23:59|
|02.11.2020||Paid||No||17 November 2020, 00:00|
|02.12.2020||Paid||No||21 December 2020, 00:00|
|02.01.2021||Paid||No||27 January 2021, 18:40|
|02.02.2021||Paid||No||23 February 2021, 00:00|