Descripton

Introduction

Commercial premises on Krišjāņa Valdemāra Street, 145 k-1 - 55, Riga, Latvia - are attractive commercial premises on the 1st floor of a renovated building. For several years in a row, the tenant of these premises has been a well-known chain of stores in the Baltic States, under the brand name "Drogas" - a chain of beauty, health and home goods trade.

About Krišjāņa Valdemāra str., 145 k-1 - 55, project funding collection on Nordstreet platform:

• Loan amount: € 100,000
• Loan period: 24 months
• Annual investment return of the project: 12-13%. (Detailed information in the section "Business loan conditions")
• LTV (loan-to-value): 25%
• Project risk: B
• Purpose of the loan: to refinance the loan of the property pledged in the project
• Mortgaged property: commercial premises with a value of EUR 393 000 Eur. You can find more information about the property valuation 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 Krišjāņa Valdemāra str., 145 k-1 - 55, project funding collection on Nordstreet platform:

• Loan amount: € 100,000
• Annual investment return of the project: 12-13%.
• Interest payment: monthly
• Repayment of the invested amount: at the time of repayment of the loan
• LTV (loan-to-value): 25%
• Project risk: B
• Purpose of the loan: to refinance the loan of the property pledged in the project
• Mortgaged property: commercial premises with a value of EUR 393 000 Eur. You can find more information about the property valuation in the attached files (in the Documents section at the bottom of the project description).
• Loan term: 24 months with the possibility of repayment earlier, but not earlier than after a period of 6 months. If the Borrower repays the Loan amount or a part thereof earlier than 6 months after the due date of 24 months, it 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 (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 the borrower notifies the operator in writing before the loan amount is paid.

Annual return on investment

• When investing from 100 € - interest 12%
• When investing from 5,000 € - interest 12.5%
• When investing from € 10,000 - interest 13%

Krišjāņa Valdemāra st., 145 k-1 - 55 description

The mortgaged premises are located in a newly renovated building, in the central part of the city of Riga, in a perfectly visible place, in a good location. For several years in a row, the tenant of these premises has been a well-known chain of stores in the Baltic States, under the brand name "Drogas" - a chain of beauty, health and home goods trade.

Borrower

Project developer - a private person, property owner who specializes in the development of investment projects generating rent in Riga. The owner of the premises has experience in several successful real estate projects in Riga, including:

- Residential apartment located at Akaciju str.6-15, Riga, Latvia, which is generating additional rent.

- Commercial premises Kr. Valdemara g. 103-48, Riga, Latvia, which is generating additional rent.

- Commercial premises Pilkveza Brieza str.3, Riga, Latvia, which is generating additional rent.

The project owner has successfully paid previous obligations to the credit institution.

Loan protection collateral

Mortgaged property

Commercial premises with a value of EUR 393 000 Eur. You can find more information about the property valuation in the attached files (in the Documents section).

Loan collateral

After the project funds are raised, the property will be pledged in favor of investors by a first-line mortgage, taking over the pledge of the property from an existing creditor.

Loan to value ratio: 25%

Loan repayment: The loan is planned to be repaid by the end of the project term after the sale of the project, from the income of a natural person or after refinancing the loan.