Projects list

Buy to let project V. Šopeno str. 1B-26 (Purchase)

Waiting for investments

Amount of funding 134 000 €

Expected rental yield Up to 6.86%

Fixed interest rate 6.00%

Loan period

40 mo.

Risk

A (low)

Purpose of the loan

Buy-to-let

Collateral Real estate pledge

Country

Lithuania

Investors 2

Raised:
400 € Goal:
134 000 €

0.30%

Business loan terms

About the loan

Purpose of the loan Buy to let

Amount of funding 134 000 €

Risk A (low)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 40 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Nordstreet introduces another buy-to-let property offering (English: "Buy to Let"), which allows platform members to finance real estate for rent and earn from the increase in property value after the sale of the property!

In 2021 on November 30, the first "Buy to Let" project initiated by "Nordstreet" started: 4 new and modernly equipped apartments in the center of Riga, Latvia. They have already started successfully generating returns for investors! Find out all the details about this project HERE

IMPORTANT TO MENTION: If the rental price or occupancy statistics exceed Houseys' historical data during the lease term, all the surplus profit generated by the lease (minus administrative expenses) will go to the investors of the Nordstreet platform!

You can find a detailed presentation of the project in the "Documents" section.

Payment schedule is not applicable for this project. The interest generated by the project depends on the accommodation of the properties. It is planned to start renting the premises April 01, 2023. The first interest payment (after deducting administrative costs) will be paid to project investors on 2023-05-20. Payments are made for the results generated during the previous month. Subsequent interest payments will be made on the 15th of each month. The return of the project (based on historical data) can be found in the project description in the section “Business loan terms”.

Detailed breakdown of project returns:

The average annual interest rate of the project is 6,86 % + 1.83% expected annual property appreciation. This figure is based on accommodation and rental price data provided by Houseys. If the apartments are not occupied at all, investors will receive a fixed annual interest rate of 6%.

Real estate capital appreciation and its split:

If at the end of the project term (after 36 months) the value of the apartments (RE) will be higher than the purchase price, the project investors will receive 50% of the real estate appreciation value (price increase) after sales tax. This additional yield is not included in the annual interest rate of 6,86%. The real estate price growth can significantly increase the overall profitability of the project for investors!

Share of rental income (100% of rental income is allocated to investors):

Interest will start to be calculated when the property is pledged in favor of the investors.

Distribution of capital gains:

For investors: 50%
Nordstreet: 50%

If the borrower sells the property at a higher price than it was acquired, the capital gain will be distributed in the above proportion. Amount will be divided after deducting taxes related to the sale of assets.

We present carefully selected projects on the NORDSTREET platform, but we point out that when investing you risk losing part or all of the invested funds. Invest wisely. You can familiarize yourself with the risks here.

Investment from 500.00 €.

Interest

Annual interest rate

Investing from 500.00 € - fixed interest 6 %

Expected investment yield to - 6.86%

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 40 mo.

Minimum loan period 0 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2023-09-05

Estimated loan repayment date:* 2027-01-05

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 1 hours from the submission of the money lending proposal on the platform

Debtor

Company title LTD "Šopeno 1B"

Company code 306197917

Company registration address

Borrower:

LTD "Šopeno 1B" established as a special purpose vehicle for this project. Although the company developing the project is new, the project owner signs a cooperation agreement with the project administrator Houseys. The latter's team of shareholders has accumulated extensive experience.

Development Property Administrator Houseys:

Founded in 2017, Houseys is a professional short-term lease management service provider. The company uses a wide range of innovative technologies and has an experienced team to ensure optimal accommodation and attractive returns for property investors.

Currently, the company operates in Lithuania (Vilnius, Kaunas, Palanga) and Latvia (Riga). Houseys offer a wide range of property management services. Houseys property owners can sit back, relax and enjoy the returns without breaking a sweat!

In addition to property management, Houseys also provide Online Onboarding services for owners who want to manage their property on their own but need initial technical and consulting assistance. Furthermore, they advise real estate developers and landlords on all matters related to renting, both short-term and long-term.

Houseys also advises real estate developers and owners on all matters related to renting, both short and long term.

Total number of properties for short - term management in Houseys portfolio: 70

Loan protection collateral

Pledged first real estate mortgage property:

Flat, unique no. 4400-5759-7463:5514, address V. Šopeno str. 1B-26, Vilnius, Lihuania, area 28.19 kv. m.

Value of pledged assets: EUR 128 000

*Vilnius real estate prices have doubled over the past 10 years, maintaining a 7.5% annual growth. We used a more conservative 4.6% annual price growth rate for our calculations. The data is taken from the 2022 Ober Haus Baltic Real Estate Market Review.

Project location:

The Old Town, V. Šopeno street is in the very heart of the city of Vilnius, where the main and places of interest of the city of Vilnius, restaurants, cafes, schools, and convenient transportation are always quickly accessible. The apartment is inside a courtyard, so the environment is calm and quiet.

Strengths and risks

Strengths:

The first order of real estate pledge - mortgage.
The project is completed.

Weaknesses:

The borrower has been operating for less than a year.
Borrower 's activities are in a competitive sector.
The LTV rate of the project is high.

Possibilities:

The annual interest rate payable by the borrower is 6.00%.

Threats:

A young company.
Uncertain economic situation.

Important

Capital Go Invest 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, Capital Go Invest 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). Capital Go Invest 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 Go investing are supervised by the Bank of Lithuania and UAB Go investing 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 Buy to let

Amount of funding 134 000 €

Risk A (low)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 40 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

You can find a detailed presentation of the project in the "Documents" section.

Detailed breakdown of project returns:

Real estate capital appreciation and its split:

Share of rental income (100% of rental income is allocated to investors):

Interest will start to be calculated when the property is pledged in favor of the investors.

Distribution of capital gains:

For investors: 50%
Nordstreet: 50%

Investment from 500.00 €.

Interest

Annual interest rate

Investing from 500.00 € - fixed interest 6 %

Expected investment yield to - 6.86%

Loan term and repayment

Loan period 40 mo.

Minimum loan period 0 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2023-09-05

Estimated loan repayment date:* 2027-01-05

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 1 hours from the submission of the money lending proposal on the platform

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Waiting for investments

-

Raised:
16 500 € Goal:
130 000 €

12.69%

Risk group A (low)
Annual interest rate
12% - 14%
LTV 70%
Payout frequency Monthly
Months 13
Collateral Real estate pledge

Details

Waiting for investments

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Raised:
0 € Goal:
30 000 €

Risk group A (low)
Annual interest rate
10% - 12%
LTV 50%
Payout frequency Monthly
Months 12
Collateral Real estate pledge

Details

Waiting for investments

-

Raised:
5 101 € Goal:
10 000 €

51.01%

Risk group B (medium)
Annual interest rate
10% - 12%
LTV 50%
Payout frequency Quarterly
Months 6
Collateral Real estate pledge

Details

Waiting for investments