Zielona str.27, Nowy Sącz, Poland

 Development loan
Project listed: 20.07.2020
Nowy Sacz,
Poland
12%
Annual yield
67%
LTV
Term: 12 months
Mortgage rank:
First
Interest payment schedule:
Monthly
Interest payments
28.09.2020
Pending

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Risk rating

CriteriaFrom -2 to 2
Property type0
LTV2
Loan Structure0
Pre-sales-2
Experience1
License0
Macro-location2
Micro-location1
Purpose of the loan0
Investment length1
EBITDA Margin1
EvoEstate Risk rating is of an informative nature only and can not be considered investment advice.
Project rating
B
Originator rating
A-

Descripton

Introduction

The multi-apartment residential building at 27 Zielona Street, Nowy Sącz, Poland is a new construction project that will convert an existing building into residential apartments. You can find the project video material here.

The project developer successfully pays interest on the Nordstreet platform.

About Zielona str.27, fundraising for the Nowy Sącz project on the Nordstreet platform:

  • Loan amount: 615 000 EUr
  • Loan period: 12 months
  • Annual return on investment: 12-16%. (Details in the "Business loan terms" section)
  • LTV (loan-to-value): 67%
  • Project risk: B
  • Purpose of the loan: conversion of the project and installation into residential apartments
  • Mortgaged property: building and land plot with a value of 919 788 Eur (July 9 exchange rate) You will find more information about the valuation of the property in the attached files (in the Documents section at the bottom of the project description).

The loan will be repaid by the end of the project term through the sale of the project, the proceeds of the business or the refinancing of the loan.

Nordstreet takes these measures to guarantee a safe 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 term 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 Crowdfunding Financing Platforms administered by the Bank of Lithuania.

Business loan terms

About Zielona str.27, fundraising for the Nowy Sącz project on the Nordstreet platform:

  • Loan amount: 615 000 Eur
  • Annual return on investment: 12-16%. 
  • Interest payment: monthly
  • Repayment of the invested amount: at the time of repayment of the loan
  • LTV (loan-to-value): 67%
  • Project risk: B
  • Purpose of the loan: conversion of the project and installation into residential apartments
  • Mortgaged property: building and land plot with a value of 919 788 Eur (July 9 exchange rate). You will find more information about the valuation of the property in the attached files (in the Documents section at the bottom of the project description).
  • 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 a part thereof earlier than 4 months after the due date of 12 months, it 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.
  • Start of interest calculation: 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.

Annual return on investment:

  • When investing from 100 € - interest 12%
  • When investing from 2,500 € - interest 12.5%
  • When investing from 7,500 € - interest 13%
  • When investing from 15,000 € - interest 13.5%
  • When investing from 25,000 € - interest 14%
  • When investing from 50,000 € - interest 15%
  • When investing from 75,000 € - interest 16%

Zielona str.27, Nowy Sącz project description

"The Z - 27 project reflects the needs of modern youth, the living space is not burdened with complex technical solutions, which makes it easy to transform them according to customer needs.

The 7-storey building has 63 properties. pcs, different areas, from 17.99 m2 to 49.88 m2. The building is located in a block of individual houses, its uniqueness is the number of floors and the panorama opening from the upper floors. For this reason, it is planned to install larger apartments with balconies. Bicycle storage is planned for each bed.

Project location

Zielona Street where the building stands is a transit artery of the city that connects several main streets of the city. There is a business school and several supermarkets nearby.

Borrower

Project developer - PLC "Projekto owner", which specializes in the preparation of investment projects, their management, object search, development and sales. The company's shareholders and managers have developed successful real estate projects both in Vilnius and beyond in other cities and abroad. Below is a list of projects in Lithuania that were developed or participated in by the administration and owners of this project:

- Panerių st. conversion of warehouse premises into a multi-apartment residential building with administrative premises.

- Administrative building, Daugėliškio str. investment project preparation and management.

- Holiday home repair. investment project management and sales. Mokyklos street, Palanga.

- Administrative building Kauno str. investment project preparation and management.

- Wojska g. 18, Mrzeżyn Town, Gryfice County, Poland. (project funded on Nordstreet platform)

- Other real estate projects, their maintenance and administration in Vilnius, Naujamiestis and Senamestis. In Nemenčinė and Trakai.

More about the developer and business model can be found here.

Loan protection collateral

Mortgaged property

building and land plot with a value of 919 788 Eur (July 9 exchange rate). You will find more information about the valuation of the property in the attached files (in the Documents section at the bottom of the project description). 

Loan collateral

After the project funds are raised, the property will be pledged in favor of investors with a first-line mortgage.

Loan to value ratio: 67%

Loan repayment

The loan is planned to be repaid by the end of the project term after the sale of the project, from the company's income or after refinancing the loan.

Current situation and business model

- The project envisages the formation of 63 new residential flats / apartments with a total area of up to 2100 m2.

- 51 newly planned residential flats / apartments are already reserved, i.e. advances have been received for them.

- The project completion date is planned for the fourth quarter of 2020.

Project originated by:

Documentation

12%
Annual yield
67%
LTV
Term: 12 months
Mortgage rank:
First
Interest payment schedule:
Monthly
Interest payments
28.09.2020
Pending
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