Projects list

Ristiku tee, Kasteheina tee, Loo tee, Parnu city, Estonia (3 stage)

Project finished

Amount of funding 115 500 €

LTV 50%

Annual interest rate 12.00% - 13.50%

Total expected project return 17.00% - 19.12%

Loan period

17 mo.

Risk

B (medium)

Purpose of the loan

Bridge loan

Collateral Real estate pledge

Country

Estonia

Investors 234

Raised:
115 500 € Goal:
115 500 €

100.00%

Project updates

Period paid

2024-09-22

The debtor has paid interest for the period 2024-09-11. Payment delay days: 8.

Reminder about the upcoming deadline

2024-09-11

Debtor sent a reminder about the upcoming deadline for payment

About the possibility of transferring your investment

2024-09-09

Good day, As a reminder, you still have the option to transfer your investment if you haven't done so already. The new project has an increased interest rate and a valid promo code EST_SEP Happy investing! Nordstreet team

About the possibility of transferring your investment

2024-09-06

The borrower needs an additional 16 months to complete the project, so a refinancing of the existing loan is announced. The new project has an increased interest rate and the promo code EST_SEP valid for this project If you wish to keep your investment in this project, you can log in to your account and move your investment to the extension of this phase by clicking on the "Move" button. Once the investment has been transferred, the interest calculation does not stop! If you do not wish to move your investment, no action is required. Have a good investment! Nordstreet team

Period paid

2024-08-19

The debtor has paid interest for the period 2024-08-18.

Reminder about the upcoming deadline

2024-08-18

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-07-30

The debtor has paid interest for the period 2024-07-18. Payment delay days: 11.

Possible period delay

2024-07-22

The debtor has informed you of the possible delay in interest payment.

Notification of breach of payment obligation

2024-07-19

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-07-18

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-06-18

The debtor has paid interest for the period 2024-06-18.

Period paid

2024-05-20

The debtor has paid interest for the period 2024-05-18.

Notification of breach of payment obligation

2024-05-19

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-05-18

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-04-12

The debtor has paid interest for the period 2024-04-18.

Period paid

2024-04-12

The debtor has paid interest for the period 2024-04-18.

Period paid

2024-03-18

The debtor has paid interest for the period 2024-03-18.

Period paid

2024-02-23

The debtor has paid interest for the period 2024-02-20.

Period paid

2024-02-19

The debtor has paid interest for the period 2024-02-18.

Reminder about the upcoming deadline

2024-02-18

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-01-17

The debtor has paid interest for the period 2024-01-18.

Period paid

2023-12-18

The debtor has paid interest for the period 2023-12-18.

Reminder about the upcoming deadline

2023-12-18

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-11-17

The debtor has paid interest for the period 2023-11-18.

Period paid

2023-11-15

The debtor has paid interest for the period 2023-11-14.

Period paid

2023-10-17

The debtor has paid interest for the period 2023-10-18.

Period paid

2023-09-18

The debtor has paid interest for the period 2023-09-18.

Period paid

2023-08-17

The debtor has paid interest for the period 2023-08-18.

Period paid

2023-07-18

The debtor has paid interest for the period 2023-07-18.

Period paid

2023-06-23

The debtor has paid interest for the period 2023-06-23.

Period paid

2023-06-22

The debtor has paid interest for the period 2023-06-18. Payment delay days: 3.

Possible period delay

2023-06-21

The debtor has informed you of the possible delay in interest payment.

Notification of breach of payment obligation

2023-06-19

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-06-18

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-05-03

The debtor has paid interest for the period 2023-05-18.

Business loan terms

About the loan

Purpose of the loan To increase the company's working capital

Amount of funding 115 500 €

LTV 50 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 17 mo.

Minimum loan period 2 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Funding requires amount of € 335 500, which be funded in stages. The loan funds will be used for the construction apartments in the project Meshihaina tee street 6, Pernu city, Estonia.

The loan can be refinanced in other financial institution, from income of real estate sales or from company's capital.

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 12 %
Investing from 1 000.00 € - fixed interest 12.25 %
Investing from 3 000.00 € - fixed interest 12.5 %
Investing from 9 000.00 € - fixed interest 12.75 %
Investing from 10 000.00 € - fixed interest 13 %
Investing from 15 000.00 € - fixed interest 13.5 %

The Interest on the Loan Amount shall be calculated from and including the date of disbursement of the Loan Amount to the Debtor's Account or to such other account (or accounts) as notified by the Debtor to the Operator in writing prior to the disbursement of the Loan Amount.

Loan term and repayment

Loan period 17 mo.

Minimum loan period 2 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2023-04-18

Estimated loan repayment date:* 2024-09-11

If the Debtor repays the Loan earlier than after the specified minimum loan period, it undertakes to pay interest to the Lender for the entire specified minimum period.

* The loan is planned to be repaid by the end of the project term from the expected growing income of the company, increasing profits, sale of assets or refinancing of the loan.

Procedure for disputes between parties to a financing transaction

The investor has the right to withdraw their investment within 96 hours from the submission of the money lending proposal on the platform

Debtor

Company title LTD Erel trading group

Company code 12216805

Company registration address

Valukoja 8 Tallinn Estonia 1

Company website http://www.leonardogolf.ee/

Erel Trading Group OÜ, engaged in real estate contracting, purchasing, sales and development. Registred capital 0,6 mln EUR. Shareholders AS Erel group (396 000 capital ownership), Faustini Europe SA (60 000 EUR capital ownership), osauhing Alminger (24 000 EUR capital ownership), OU Drevor investments (120 000 EUR capital ownership). Currently company is developing real estate projects, some of them are on sale. Company is specialized in residential real estate development (apartments, villas, etc). Company's total assets over 6 million EUR, equity ratio is more than 35%. Real estate selling price is approx. 1 800 - 2 100 EUR with VAT.

The company's financial indicators based on 2021 financial statements:

Sales revenue - EUR 1,310,125;
Net profit - EUR 512,635;
Equity - EUR 2,492,159;
Total assets - EUR 6,008,793.

Loan protection collateral

Loan collateral:

The firs real estate pledge - mortgage:

Land plot, address Ristiku tee 2, Pärnu, registration number 3411406, area 1,336 m2, property value - 49,000 EUR;
Land plot, address Ristiku tee 4, Pärnu, registration number 3411506, area 1,151 m2, property value - 42,000 EUR;
Land plot, address Ristiku tee 6, Pärnu, registration number 3411606, area 1,165 m2, property value - 43,000 EUR;
Land plot, address Ristiku tee 8, Pärnu, registration number 3411706, area 1,178 m2, property value - 43,000 EUR;
Land plot, address Ristiku tee 10, Pärnu, registration number 3411806, area 1,191 m2, property value - 44,000 EUR;
Land plot, address Kasteheina tee 1, Pärnu, registration number 3926306, area 1,310 m2, property value - 48,000 EUR;
Land plot, address Kasteheina tee 8, Pärnu registration number 3926406, area 1,359 m2, property value - 50,000 EUR;
Land plot, address Kasteheina tee 13, Pärnu, registration number 3927806, area 1,161 m2, property value - 43,000 EUR;
Land plot, address Kasteheina tee 14, Pärnu, registration number 3413006, area 1,293 m2, property value - 47,000 EUR;
Land plot, address Kasteheina tee 16, Pärnu, registration number 3413106, area 1,197 m2, property value - 44,000 EUR;
Land plot, address Kasteheina tee 18, Pärnu, registration number 3413206, area 1,747 m2, property value - 61,000 EUR;
Land plot, address Kasteheina tee 20, Pärnu, registration number 3413306, area 1,374 m2, property value - 50,000 EUR;
Land plot, address Loo tee 7, Pärnu, registration number 3928706, area 1,635 m2, property value - 57,000 EUR;
Land plot, address Loo tee 8, Pärnu, registration number 3925406, area 1,356 m2, property value - 50,000 EUR.

Value of mortgaged property: € 671 000

About Leonardo Golf Village, the location of the property:

The Leonardo Golf Village is a one of a kind project in Pärnu. It consists of 10 apartment buildings and 69 private houses. It is located in a rapidly developing area and constitutes one of the most notable new developments in Pärnu. Everything you need for life is at your fingertips. The Leonardo Golf Village offers the solution for a new lifestyle, a unique location in the midst of greenery and quite; bus stop 50 m, kindergarten and supermarket 300 m, golf track and beach 500m.

Strengths and risks

Strengths:

The borrower made payments on time and without delay. (current loan at Nordstreet)
The first order of real estate pledge - mortgage.

Weaknesses:

Borrower 's activities are in a competitive sector.
In 2020, due to the quarantine introduced caused by Covid - 19, the company had a loss.

Possibilities:

The annual interest rate payable by the borrower is 12.00-13.50%.

Threats:

Property is in development stage.
Rising cost of building materials.

Documents

#	File name	File type	Actions
1	Vertinimas.pdf

Important

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.

About the loan

Purpose of the loan To increase the company's working capital

Amount of funding 115 500 €

LTV 50 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 17 mo.

Minimum loan period 2 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Funding requires amount of € 335 500, which be funded in stages. The loan funds will be used for the construction apartments in the project Meshihaina tee street 6, Pernu city, Estonia.

The loan can be refinanced in other financial institution, from income of real estate sales or from company's capital.

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 12 %
Investing from 1 000.00 € - fixed interest 12.25 %
Investing from 3 000.00 € - fixed interest 12.5 %
Investing from 9 000.00 € - fixed interest 12.75 %
Investing from 10 000.00 € - fixed interest 13 %
Investing from 15 000.00 € - fixed interest 13.5 %

Loan term and repayment

Loan period 17 mo.

Minimum loan period 2 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2023-04-18

Estimated loan repayment date:* 2024-09-11

If the Debtor repays the Loan earlier than after the specified minimum loan period, it undertakes to pay interest to the Lender for the entire specified minimum period.

* The loan is planned to be repaid by the end of the project term from the expected growing income of the company, increasing profits, sale of assets or refinancing of the loan.

Procedure for disputes between parties to a financing transaction

The investor has the right to withdraw their investment within 96 hours from the submission of the money lending proposal on the platform

Loan protection collateral

Collateral

Real estate pledge

Property type

Residential

Mortgage rank

First order mortgage

LTV

50%

Documentation

Asset Valuation Report

Report preparation date

2022-12-05

Assessor

OÜ Kinnisvarabüroo Uus Maa eksperthinnang

Loan collateral:

The firs real estate pledge - mortgage:

Land plot, address Ristiku tee 2, Pärnu, registration number 3411406, area 1,336 m2, property value - 49,000 EUR;
Land plot, address Ristiku tee 4, Pärnu, registration number 3411506, area 1,151 m2, property value - 42,000 EUR;
Land plot, address Ristiku tee 6, Pärnu, registration number 3411606, area 1,165 m2, property value - 43,000 EUR;
Land plot, address Ristiku tee 8, Pärnu, registration number 3411706, area 1,178 m2, property value - 43,000 EUR;
Land plot, address Ristiku tee 10, Pärnu, registration number 3411806, area 1,191 m2, property value - 44,000 EUR;
Land plot, address Kasteheina tee 1, Pärnu, registration number 3926306, area 1,310 m2, property value - 48,000 EUR;
Land plot, address Kasteheina tee 8, Pärnu registration number 3926406, area 1,359 m2, property value - 50,000 EUR;
Land plot, address Kasteheina tee 13, Pärnu, registration number 3927806, area 1,161 m2, property value - 43,000 EUR;
Land plot, address Kasteheina tee 14, Pärnu, registration number 3413006, area 1,293 m2, property value - 47,000 EUR;
Land plot, address Kasteheina tee 16, Pärnu, registration number 3413106, area 1,197 m2, property value - 44,000 EUR;
Land plot, address Kasteheina tee 18, Pärnu, registration number 3413206, area 1,747 m2, property value - 61,000 EUR;
Land plot, address Kasteheina tee 20, Pärnu, registration number 3413306, area 1,374 m2, property value - 50,000 EUR;
Land plot, address Loo tee 7, Pärnu, registration number 3928706, area 1,635 m2, property value - 57,000 EUR;
Land plot, address Loo tee 8, Pärnu, registration number 3925406, area 1,356 m2, property value - 50,000 EUR.

Value of mortgaged property: € 671 000

About Leonardo Golf Village, the location of the property:

Project updates

Period paid

2024-09-22

The debtor has paid interest for the period 2024-09-11. Payment delay days: 8.

Reminder about the upcoming deadline

2024-09-11

Debtor sent a reminder about the upcoming deadline for payment

About the possibility of transferring your investment

2024-09-09

About the possibility of transferring your investment

2024-09-06

Period paid

2024-08-19

The debtor has paid interest for the period 2024-08-18.

Reminder about the upcoming deadline

2024-08-18

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-07-30

The debtor has paid interest for the period 2024-07-18. Payment delay days: 11.

Possible period delay

2024-07-22

The debtor has informed you of the possible delay in interest payment.

Notification of breach of payment obligation

2024-07-19

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-07-18

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-06-18

The debtor has paid interest for the period 2024-06-18.

Period paid

2024-05-20

The debtor has paid interest for the period 2024-05-18.

Notification of breach of payment obligation

2024-05-19

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2024-05-18

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-04-12

The debtor has paid interest for the period 2024-04-18.

Period paid

2024-04-12

The debtor has paid interest for the period 2024-04-18.

Period paid

2024-03-18

The debtor has paid interest for the period 2024-03-18.

Period paid

2024-02-23

The debtor has paid interest for the period 2024-02-20.

Period paid

2024-02-19

The debtor has paid interest for the period 2024-02-18.

Reminder about the upcoming deadline

2024-02-18

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2024-01-17

The debtor has paid interest for the period 2024-01-18.

Period paid

2023-12-18

The debtor has paid interest for the period 2023-12-18.

Reminder about the upcoming deadline

2023-12-18

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-11-17

The debtor has paid interest for the period 2023-11-18.

Period paid

2023-11-15

The debtor has paid interest for the period 2023-11-14.

Period paid

2023-10-17

The debtor has paid interest for the period 2023-10-18.

Period paid

2023-09-18

The debtor has paid interest for the period 2023-09-18.

Period paid

2023-08-17

The debtor has paid interest for the period 2023-08-18.

Period paid

2023-07-18

The debtor has paid interest for the period 2023-07-18.

Period paid

2023-06-23

The debtor has paid interest for the period 2023-06-23.

Period paid

2023-06-22

The debtor has paid interest for the period 2023-06-18. Payment delay days: 3.

Possible period delay

2023-06-21

The debtor has informed you of the possible delay in interest payment.

Notification of breach of payment obligation

2023-06-19

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2023-06-18

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-05-03

The debtor has paid interest for the period 2023-05-18.

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Ristiku tee, Kasteheina tee, Loo tee, Parnu city, Estonia (3 stage)

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About the loan

Investment from 100.00 €.

Interest

Annual interest rate

Loan term and repayment

Strengths:

Weaknesses:

Possibilities:

Threats:

Nordstreet takes the following measures to ensure a safer investment:

Please register or sign in to access this information.

About the loan

Investment from 100.00 €.

Interest

Annual interest rate

Loan term and repayment

Loan protection collateral

Debtor

Strengths and risks

Strengths:

Weaknesses:

Possibilities:

Threats:

Documents

Nordstreet takes the following measures to ensure a safer investment:

Project updates

Secondary market

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