Detailed Description

Introduction

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, 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.

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.

Purpose of funding

• Acquisition of mortgaged premises to be sold as investment property.

Loan protection

• Pledge of premises with a primary mortgage

Project investment return and interest payment

• Start of fundraising on the Nordstreet platform: 2020-08-14
• Investment from 50 €
• Annual investment return on the project 12%
• Interest on the Loan amount shall be 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 shall notify the Operator in writing prior to the disbursement of the Loan amount.
• Loan term: 12 months
• Interest is paid monthly.

Business loan terms