Krautuvių g.5, Panerių eldership, Vilnius (refinancing loan)

 Refinancing
Vilnius,
Lithuania
88 123.00 €
Raised Of 155 000.00 €
10.5%
Annual yield
69%
LTV
Term: 12 months
Mortgage rank:
First
Interest payment schedule:
Monthly
Invest:

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Descripton

Introduction

About the loan

 

The purpose of the loan is to refinance and extend the original loan. The object of the initial loan is real estate projects administered by the company, which require financing - to finance the preparation of newly developed administrative and commercial land plots and the course of their work. The borrower successfully pays interest on the Nordstreet platform.The loan amount is EUR 155,000 (one hundred and fifty five thousand euros).

  • The loan amount is EUR 155,000 (one hundred and fifty-five thousand euros).
  • Loan term 12 months.
  • The annual return on the loan investment is 10.5%. (For investments from EUR 10,000, an additional 1% is added. According to special offers, the interest rate for investors may differ.)
  • Loan risk: B
  • The property pledged for the loan is the land owned by the owner, the value of which is EUR 224,000 (two hundred and twenty-four thousand euros).
  • LTV (loan-to-value) ratio 69%.

Nordstreet takes these measures to protect your investment

  • The loan to value ratio of the project will not exceed the LTV ratio provided in the project description, including in cases when the project will be financed in stages.
  • If the required amount of funding is not collected before the start of the project, all investments will be returned to the invested persons. Upon application by the Borrower, the financing may be considered to have been successfully completed with a smaller amount collected, the financing of the project may be divided into several stages and / or the financing period of the project may be extended. In these cases, Nordstreet informs the funders and publishes the information on the completion of the project with a smaller amount, the division of the project funding into several stages or the extension of the project funding period on its website together with other information about the project.
  • By investing in a project, financiers acquire claim rights. Nordstreet does not make it possible to transfer these acquired claim rights to other persons on its platform.
  • The activities of UAB Nordstreet are controlled by the Bank of Lithuania and included in the Public List of Operators of Concentrated Financing Platforms administered by the Bank of Lithuania.

Business loan terms

The object of the initial loan is projects administered by the main real estate development company, which require financing - to finance the preparation of newly developed administrative and commercial land plots and the course of their work. Funding is currently being collected to extend the original loan.

To meet the need for financing for the development of other projects, the borrower pledges the available land as a guarantor and security for investments.

Business loan terms

  • The loan amount is EUR 155,000 (one hundred and fifty-five thousand euros).
  • Loan term 12 months with the possibility of repayment earlier, but not earlier than after a period of 4 months. If the Borrower repays the Loan amount or part thereof earlier than 4 months after the due date of 12 months, he undertakes to pay interest to the Lender for a period of 4 months. After a period of 4 months, the Borrower may repay the loan (together with the applicable interest) without any additional fees.
  • The minimum loan term is 4 months
  • Interest on the Loan amount is calculated from the date (inclusive) on which the Loan amount is paid to the Borrower's Paysera account or to such other account (or accounts) as indicated by the Borrower in writing to the Operator before disbursement of the Loan amount.
  • The loan would be secured by real estate - land for recreational (other) purposes, located at Krautuvių str. 5, Kadriškės, with a market value of EUR 224,000 (two hundred and twenty-four thousand euros).
  • LTV (loan-to-value) ratio 69%.

Annual return on loan investment

  • When investing from 100 € - interest is 10.5%.
  • For investments from € 10,000 - interest 11.5%

The loan will be repaid by the end of the project term after the sale of the mortgaged property, from the company's income or by refinancing the loan.

Borrower

Project developer - Capital City Group real estate (NT) development company, working in Lithuanian and Belarusian markets. The core of the Group 's activities - to invest its own funds and attract private investors - to implement various types of commercial and other purpose real estate projects.

Capital City Group implements the whole cycle of the RE project: seeking attractive investment opportunities, developing a concept, attracting funding, bringing together design and construction partners, coordinating project development up to its completion, and performing tenant and buyer search, building maintenance and administration functions as needed.

The company's key strength is years of experience in the field of RE. Since its inception in 2006, more than ten real estate projects in Lithuania and abroad have been successfully implemented for retail, manufacturing, transport services and more. businesses. The total area of ​​RE objects is over 100,000 square meters, and the value of the investment exceeds 100 million square meters. EUR.

Developed NT objects are always subject to 3 essential requirements. They must be:

- an investment that delivers safe and attractive returns;
- quality work or other space for clients (tenants and buyers);
- an integral part of a comfortable, modern city for residents.

Some of Capital City Group projects:

- Shopping and entertainment center in Minsk. In 2018, Capital City Group, together with its partners, began to develop one of the largest shopping and entertainment centers in Minsk, with a total area of ​​57,000 m². Currently construction work is underway. The new, modern shopping center will open the door for visitors at the end of 2019.
- Bonus Shopping Center in Minsk. Two-storey building area - 10,400 sq.m. The investment in the project exceeded 13 million. EUR. Belarusian media evaluated it as the most beautiful and modern shopping center in Minsk.
- Palanga Bus Station Complex is a modern shopping center and next to Palanga Bus Station. Total area of ​​the facility - 5,400 sq. M. meters.
- Car Cleanliness Complex in Kaunas Aleksotas district (Veiveriu Str. 132 D). Capital City Group has built a multifunctional car cleaning complex. It consists of 28 m. length automatic textile wash and two self-service boxing boxes.
- Building Materials Trade Center in Minsk. Area: 11,700 m², Customer: UАB “ОМА”.
- Maxima Shopping Center. Avižieniai, Vilnius district, Lithuania. Area: 1,200 m².

 

More about developer - http://www.ccg.lt/lt

Loan protection collateral

Loan collateral

  • Mortgage of the first line of existing real estate - Mortgage. The valuation of the property is presented in the "Documents" section
  • Value of the existing real estate (recreational land): 224,000 Eur
  • Funding amount to be collected: EUR 155,000
  • Loan to value ratio: 69%

GENERAL LAND INFORMATION

- 3,958 ha land plot - recreational (other) territory;

- It is possible to develop 10,700 square meters. m. a common area project for recreation (recreation houses, tourist centers, camping buildings, rural tourism buildings, summer houses, hunting lodges and other recreation buildings). Height 14 m, building 0.3, intensity 0.4.

- Near the A1 (Vilnius - Kaunas - Klaipeda) highway

- 1 km from Maxima base towards Grigiškės

- Asphalt access from the main entrance to Grigiškės.

 

Project originated by:

Documentation

88 123.00 €
Raised Of 155 000.00 €
10.5%
Annual yield
69%
LTV
Term: 12 months
Mortgage rank:
First
Interest payment schedule:
Monthly
Invest:
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