Detailed Description

Introduction

Residential property with buildings at Teatra Street 9, Jurmala, Latvia is a non-movable property of a plot of land, own, residential house with garage, which will be pledged to secure a business loan, investment loan and release the company's working capital.

About Teatra St., 9, Jurmala, fundraising on the Nordstreet platform:

Loan amount: € 390,000

Loan period: 24 months

Annual investment return on the project: 11%. (Detailed information in the section "Business loan conditions")

LTV (loan-to-value): 43%

Project risk: B (medium)

The purpose of the loan: business, investment loan, to release the company's working capital

Mortgaged property: residential premises with buildings and a plot of land, the value of which is EUR 898,000. You can find more information about the property valuation in the attached files (in the Documents section at the bottom of the project description).

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 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

About Teatra St., 9, Jurmala, fundraising on the Nordstreet platform:

Loan amount: € 390,000

Annual investment return on the project: 11%.

Interest payment: monthly

Repayment of the invested amount: at the time of repayment of the loan

LTV (loan-to-value): 43%

Project risk: B

The purpose of the loan: business, investment loan, to release the company's working capital

Pledged property: residential premises 339.9 m2 with buildings and a plot of land of 0.095 ha, the value of which is EUR 898,000. 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 11%
• When investing from € 10,000 - interest 11,5%
• When investing from 25,000 € - interest 12%

IMPORTANT! When investing larger amounts, there is an opportunity to receive additional interest. There is also the opportunity to invest in other stages. Contact us by e-mail for more information. email: info@nordstreet.com

Teatra st., 9, Jurmala, property description

The mortgaged property is located in the well-known Latvian resort town of Jurmala, which is characterized by a large flow of visitors and popularity. In an attractive part of the city, in a good location with full settlement infrastructure, built residential house, with buildings, garages, perfectly meets the requirements of a recreational city and is a fairly liquid real estate object both for individual needs and as a long-term investment.

Borrower

The borrower is a legal entity Navis tecta, which specializes in the search, management and investment of business and investment projects. Company 2018m. and 2019. were profitable, the total revenue of the company amounted to EUR 21 million, and the total assets of the company amounted to more than EUR 1.6 million.

Loan protection collateral

Mortgaged property

Living premises 339.9 m2 with buildings and 0.095 ha of land, the value of which is 898,000 Eur. You can find more information about the valuation of the property in the attached files (in the Documents section).

Loan collateral

Mortgage of the first line of existing real estate - Mortgage. The loan is planned to be repaid by the end of the project term after the sale of the property, the income from the legal entity, the recovered investment and / or the refinancing of the loan.

Investment risk: B (medium)

LTV: 43%

Purpose of a business loan

Financing requires an amount of € 390,000, which will be used for a business, investment loan, to release the company's working capital.

Interest:

When investing from 100 € - interest 11%

When investing from € 10,000 - interest 11,5%

When investing from 25,000 € - interest 12%

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.

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.

Company loan repayment period

Estimated start date of the loan: 2020 09 10

Expected repayment date of the loan: 2021 09 01 - 2022 02 01