Pramonės str. 8, Panevėžio city municipality

 Development loan
Project listed: 01.04.2020
Panevezys,
Lithuania
12%
Annual yield
52%
LTV
Term: 21 months
Mortgage rank:
First
Interest payment schedule:
Monthly
Interest payments
01.06.2020
Paid
29.06.2020
Paid
03.07.2020
Paid
03.07.2020
Paid
03.07.2020
Paid
03.07.2020
Repaid

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July 03, 2020
This project paid interest until October in advance.

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Descripton

Introduction

Nordstreet guarantees safe investment:

Project LTV (Loan Value) Relative Will Not Exceed Project Description The intended LTV relative project will be funded in phases;

Failing to collect the necessary funding before the start of the new project, all the investments returned by the bus 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

The freed for companies cash flow to acquire other real estates.

Loan protection

Mortgaging of premises on a primary mortgage

Project return on investment and interest payment

Starting Fundraising Nordstreet Platform: 31/03/2020

Investing from 100 €

Annual investment return from project 12% (investment conditions are described in more detail)

 The interest on the Loan Amount shall be calculated from and including the date of disbursement of the Loan Amount to the Borrower's Paysera account or to such other account (or accounts) as notified by the Borrower to the Operator in writing prior to the disbursement of the Loan Amount.

Loan term: 21 months

Interest is paid monthly.

 

Detailed Information

Loan Object

The subject of the loan is the assets held by the companies, which is one of less than 50 percent.

The developer pledges real estate located at Pramonės str. 8, Panevėžys City Municipality.

- Administrative building 12 floors - 4400-0230-6280: 4801, 3943.41 m2;

- Administrative building 2 floors - 4400-0230-6280: 4801, 1953.18 m2;

- "Industrial Building" - 2796-9002-0040, 16,306.84 m2.

The total area of ​​the premises is 22,203.43 m2.

 

Loan Terms

  • Loan Amount: € 275,000 (Phase 1)
  • Loan term: 21 months
  • Minimum loan term: 6 months
  • Value of the pledged property: € 1,429,000
  • LTV (loan to value ratio): 52% (19% Stage 1)
  • Project risk: A (low)
  • Loan Protection: Firs order Mortgage

Interest:

  • Investing from 100 € - 12% interest
  • Investing from € 5,000 - 12,5% interest
  • Investing from € 10,000 - 13% interest
  • Investing from € 30,000 - Interest 13.5%

Mortgage Information:

  • Address of the mortgaged property: Pramonės str. 8, Panevėžys City Municipality
  • Property Type: Non-Residential Administrative Furnished and Non-Residential Industrial Premises
  • Value of the pledged property: € 1,429,000
  • Documentation: Property Valuation Report.
  • Reporting details: November 8, 2018, and June 12th. 2019
  • Assessor: UAB Verslavita and UAB Inreal
  • Mortgage: A first-line mortgage

 

Project Developers

The legal entity Panevezys Industrial Park operates and administers non-real estate activities, real estate development and real estate leases to its clients in Panevezys.

The team has experienced managers and staff who are well versed in their work and real estate and work with the best in their class.

Last year the company acquired one real estate object and its turnover amounts to almost EUR 0.8 million. Companies are planning to submit new projects this year to be leased and for sale.

 

Finance

Loan

Financing requires € 275,000 to be used for buses that you invest in future capital.

Loan collateral

The first order of the existing real estate mortgage - "Mortgage".

"Loan" bus repayment loans from companies are developing asset sales, current and future profit or refinancing loans.

Investment risk: A (low)

LTV: 52% (19% Stage 1)

Pledged property: 22 203.43 m2 non-residential administrative and production premises, Pramonės str. 8, Panevezys.

Value of the pledged property: € 1,429,000

Interest:

Investing from 100 € - 12% interest

Investing from € 5,000 - 12,5% interest

Investing from € 10,000 - 13% interest

Investing from € 30,000 - Interest 13.5%

The interest on the Loan Amount shall be calculated from and including the date of disbursement of the Loan Amount to the Borrower's Paysera account or to such other account (or accounts) as notified by the Borrower to the Operator in writing prior to the disbursement of the Loan Amount.

Loan term

21 months (with the option of early repayment, but not earlier than 6 months).

If the Borrower repays the Loan Amount less than 6 months after the due date of 21 months, the Borrower undertakes to offer the loan at a higher interest rate for 6 months. After 6 months, there may be higher fees to pay back the loan to the Borrower.

Company loan repayment period

Expected loan start date: 2020 04 16

Plan for Loan Repayment Date: 2021 01 01 - 2021 12 31

By investing in the project, the financiers acquire claim rights. It is not possible to transfer these acquired claim rights to other persons.

Project originated by:

Documentation

12%
Annual yield
52%
LTV
Term: 21 months
Mortgage rank:
First
Interest payment schedule:
Monthly
Interest payments
01.06.2020
Paid
29.06.2020
Paid
03.07.2020
Paid
03.07.2020
Paid
03.07.2020
Paid
03.07.2020
Repaid
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