Vilnius, Kareivių str. 2B-401

About the loan

Investment from 100.00 €.

Interest

Annual interest rate

• Investing from 100.00 € - fixed interest 13 %

Loan term and repayment

The property value is estimated at 43,000 Eur. The property valuation report is attached as a separate document.

Loan amount and asset value ratio LTV (Loan-to-Value)69%.

The amount of the loan of 30,000 Eur will be used & nbsp; under the conditions discussed below:

• 30,000 Eur will be used to carry out an apartment renovation project

The project developer pledges to pay 10% annual interest on using the loan and repay the full amount of the loan at the end of the loan period. The developer will be able to refinance or repay the loan no earlier than 12 months.

The loan will be secured by providing a primary mortgage to the lenders.

Nordstreet takes the following measures to ensure a safer 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 investors. Upon application by the Debtor, 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 rights of recourse (claim rights). Nordstreet may provide the financiers with the possibility to transfer these claim rights to other users of the platform on the Secondary Market in accordance with the User Terms.
• The activities of UAB Nordstreet are supervised by the Bank of Lithuania and UAB Nordstreet is included on the Public List of Operators of Crowdfunding Financing Platforms administered by the Bank of Lithuania.