Loan Amount
€20,000.00
Initial offer
€19,000.00
Available
€0.00
Available
€0.00
IR
12.00 %
LTV
-
Term
13 mo. 16 d.
€19,000.00 of €19,000.00

Loan details

Loan Type
Development Project
Loan Amount
20,000.00
Amortization method
Balloon
Date Listed
13.08.2019
Date Issued
13.08.2019
Maturity date
07.10.2020
Loan Originator
Primo invest SIA
Security
Guaranteed buyback

BuyBack guarantee in case of borrower's payments delay for more than 60 days

There is an agreement that SIA Primo Invest issues a loan to Latvian Company under investment contract dated 09/08/2019 to finance the development project in Bronnoysund, Norway. Money will be used to finance exterior works of a residential building containing 13 apartments in total.

In current project borrower is a subcontractor, who has signed a contract to provide exterior works. The project will be financed by main customers own assets and no upfront sales of the apartments are needed. The main customer is the biggest real estate developer in the area.

The ground floor will be done in concrete, which will include the garage and it will be done by local Norwegian companies. Electricity, plumbing and ventilation works will be carried out by Norwegian companies.

 

Project timeline:

Start of the groundworks: September 2019

Start of structure and interior works: December 2019

Completion of project: September 2020

Additional Information

Latvian company is a building contractor in Norway, whose team is a part of affiliated companies that have an extensive experience in construction industry, developing more than 180 building across Scandinavia, including multi-story apartment complexes, hotels, apartment buildings and dozens of private houses.

Property condition

All brand-new, turnkey design finishing

Building material

Timber

Number of floors

4

Number of apartments

13

Number of houses

1

Number of rooms per apartments

2-3

Address

Country:  Norway

Town: Bronnoysund

Year of completion

2020

 

DESCRIPTION

• General contractor has obtained a right to build a house with 13 apartments in total on the Bronnoysund island in Norway;

• The house is built for the future sale;

• Two large penthouses are already sold;

• The building will have 4 floors;

• Bronnoysund is the island, where register of all Norwegian companies is located;

• The property is located on the central street of Bronnoysund;

• The town has a population of 5,045 people. Despite low population the town managed to achieve economic growth in recent years;

• The city is quite remote, but is both a touristic object and an important city for Norwegian government institutions;

• The town has an airport 2km away from center and it has a connection to European route E6, connecting Norway and Denmark;

• The borrower will be responsible for exterior works only, which means borrower will have a chance to exit the project quickly. Local companies are responsible for concrete ground floor, garages, electricity, plumbing and ventilation works.

Collateral

-
Norway
Investor
Amount
Available
Total
Discount / Premium
Price
Investor
Amount €0.00
Available €0.00
Total €0.00
Discount / Premium 0.0%
Price €0.00
Investor Investor 1
Amount €10.00
-
-
-
-
Investor Investor 2
Amount €20.00
-
-
-
-
Investor Investor 3
Amount €10.00
-
-
-
-
Investor Investor 4
Amount €20.00
-
-
-
-
Investor Investor 5
Amount €106.79
-
-
-
-
Investor Investor 6
Amount €20.00
-
-
-
-
Investor Investor 7
Amount €15.00
-
-
-
-
Investor Investor 8
Amount €20.00
-
-
-
-
Investor Investor 9
Amount €20.00
-
-
-
-
Investor Investor 10
Amount €40.00
-
-
-
-
Investor Investor 11
Amount €10.00
-
-
-
-
Investor Investor 12
Amount €57.00
-
-
-
-
Investor Investor 13
Amount €30.00
-
-
-
-
Investor Investor 14
Amount €50.00
-
-
-
-
Investor Investor 15
Amount €25.00
-
-
-
-
Investor Investor 16
Amount €10.00
-
-
-
-
Investor Investor 17
Amount €10.00
-
-
-
-
Investor Investor 18
Amount €10.00
-
-
-
-
Investor Investor 19
Amount €12.00
-
-
-
-
Investor Investor 20
Amount €200.00
-
-
-
-
Investor Investor 21
Amount €118.95
-
-
-
-
Investor Investor 22
Amount €10.00
-
-
-
-
Investor Investor 23
Amount €10.00
-
-
-
-
Investor Investor 24
Amount €20.00
-
-
-
-
Investor Investor 25
Amount €25.00
-
-
-
-
Investor Investor 26
Amount €250.00
-
-
-
-
Investor Investor 27
Amount €50.00
-
-
-
-
Investor Investor 28
Amount €200.00
-
-
-
-
Investor Investor 29
Amount €205.00
-
-
-
-
Investor Investor 30
Amount €78.10
-
-
-
-
Investor Investor 31
Amount €10.00
-
-
-
-
Investor Investor 32
Amount €100.00
-
-
-
-
Investor Investor 33
Amount €10.00
-
-
-
-
Investor Investor 34
Amount €10.00
-
-
-
-
Investor Investor 35
Amount €50.00
-
-
-
-
Investor Investor 36
Amount €35.00
-
-
-
-
Investor Investor 37
Amount €550.00
-
-
-
-
Investor Investor 38
Amount €20.00
-
-
-
-
Investor Investor 39
Amount €10.00
-
-
-
-
Investor Investor 40
Amount €10.00
-
-
-
-
Investor Investor 41
Amount €20.00
-
-
-
-
Investor Investor 42
Amount €350.00
-
-
-
-
Investor Investor 43
Amount €949.00
-
-
-
-
Investor Investor 44
Amount €19.00
-
-
-
-
Investor Investor 45
Amount €50.00
-
-
-
-
Investor Investor 46
Amount €80.00
-
-
-
-
Investor Investor 47
Amount €15.00
-
-
-
-
Investor Investor 48
Amount €18.00
-
-
-
-
Investor Investor 49
Amount €114.43
-
-
-
-
Investor Investor 50
Amount €18.77
-
-
-
-
Investor Investor 51
Amount €50.00
-
-
-
-
Investor Investor 52
Amount €10.00
-
-
-
-
Investor Investor 53
Amount €20.00
-
-
-
-
Investor Investor 54
Amount €30.00
-
-
-
-
Investor Investor 55
Amount €20.00
-
-
-
-
Investor Investor 56
Amount €13.00
-
-
-
-
Investor Investor 57
Amount €20.00
-
-
-
-
Investor Investor 58
Amount €20.00
-
-
-
-
Investor Investor 59
Amount €35.00
-
-
-
-
Investor Investor 60
Amount €20.00
-
-
-
-
Investor Investor 61
Amount €10.00
-
-
-
-
Investor Investor 62
Amount €16.00
-
-
-
-
Investor Investor 63
Amount €100.00
-
-
-
-
Investor Investor 64
Amount €10.00
-
-
-
-
Investor Investor 65
Amount €90.00
-
-
-
-
Investor Investor 66
Amount €140.00
-
-
-
-
Investor Investor 67
Amount €10.00
-
-
-
-
Investor Investor 68
Amount €10.00
-
-
-
-
Investor Investor 69
Amount €30.00
-
-
-
-
Investor Investor 70
Amount €589.00
-
-
-
-
Investor Investor 71
Amount €59.00
-
-
-
-
Investor Investor 72
Amount €20.00
-
-
-
-
Investor Investor 73
Amount €10.00
-
-
-
-
Investor Investor 74
Amount €11.56
-
-
-
-
Investor Investor 75
Amount €10.00
-
-
-
-
Investor Investor 76
Amount €25.00
-
-
-
-
Investor Investor 77
Amount €10.00
-
-
-
-
Investor Investor 78
Amount €195.95
-
-
-
-
Investor Investor 79
Amount €10,506.48
-
-
-
-
Investor Investor 80
Amount €500.00
-
-
-
-
Investor Investor 81
Amount €10.00
-
-
-
-
Investor Investor 82
Amount €20.00
-
-
-
-
Investor Investor 83
Amount €20.00
-
-
-
-
Investor Investor 84
Amount €23.83
-
-
-
-
Investor Investor 85
Amount €19.69
-
-
-
-
Investor Investor 86
Amount €10.00
-
-
-
-
Investor Investor 87
Amount €300.00
-
-
-
-
Investor Investor 88
Amount €10.00
-
-
-
-
Investor Investor 89
Amount €20.00
-
-
-
-
Investor Investor 90
Amount €28.01
-
-
-
-
Investor Investor 91
Amount €20.91
-
-
-
-
Investor Investor 92
Amount €200.00
-
-
-
-
Investor Investor 93
Amount €20.00
-
-
-
-
Investor Investor 94
Amount €10.00
-
-
-
-
Investor Investor 95
Amount €10.00
-
-
-
-
Investor Investor 96
Amount €21.00
-
-
-
-
Investor Investor 97
Amount €50.00
-
-
-
-
Investor Investor 98
Amount €40.89
-
-
-
-
Investor Investor 99
Amount €25.00
-
-
-
-
Investor Investor 100
Amount €100.00
-
-
-
-
Investor Investor 101
Amount €10.00
-
-
-
-
Investor Investor 102
Amount €20.00
-
-
-
-
Investor Investor 103
Amount €10.00
-
-
-
-
Investor Investor 104
Amount €40.00
-
-
-
-
Investor Investor 105
Amount €50.00
-
-
-
-
Investor Investor 106
Amount €15.49
-
-
-
-
Investor Investor 107
Amount €90.00
-
-
-
-
Investor Investor 108
Amount €34.00
-
-
-
-
Investor Investor 109
Amount €100.00
-
-
-
-
Investor Investor 110
Amount €10.00
-
-
-
-
Investor Investor 111
Amount €23.83
-
-
-
-
Investor Investor 112
Amount €10.00
-
-
-
-
Investor Investor 113
Amount €10.00
-
-
-
-
Investor Investor 114
Amount €10.00
-
-
-
-
Investor Investor 115
Amount €50.00
-
-
-
-
Investor Investor 116
Amount €225.48
-
-
-
-
Investor Investor 117
Amount €34.00
-
-
-
-
Investor Investor 118
Amount €15.00
-
-
-
-
Investor Investor 119
Amount €50.00
-
-
-
-
Investor Investor 120
Amount €203.00
-
-
-
-
Investor Investor 121
Amount €50.00
-
-
-
-
Investor Investor 122
Amount €19.77
-
-
-
-
Investor Investor 123
Amount €60.00
-
-
-
-
Investor Investor 124
Amount €21.00
-
-
-
-
Investor Investor 125
Amount €40.00
-
-
-
-
Investor Investor 126
Amount €50.00
-
-
-
-
Investor Investor 127
Amount €50.00
-
-
-
-
Investor Investor 128
Amount €20.00
-
-
-
-
Investor Investor 129
Amount €26.07
-
-
-
-
Date
Principal
Interest
Total
Received i
Payment date
Status
Date 07.10.2020
Principal €19,000.00
Interest €2,629.81
Total €21,629.81
-
-
Status Scheduled
Loan Amount
€20,000.00
Initial offer
€19,000.00
Available
€0.00
Available
€0.00
IR
12.00 %
LTV
-
Term
13 mo. 16 d.
€19,000.00 of €19,000.00

Loan details

Loan Type
Development Project
Loan Amount
20,000.00
Amortization method
Balloon
Date Listed
13.08.2019
Date Issued
13.08.2019
Maturity date
07.10.2020
Loan Originator
Primo invest SIA
Security
Guaranteed buyback