Loan Amount
€30,000.00
Initial offer
€28,500.00
Available
€19,124.76
Available
€19,124.76
IR
12.00 %
LTV
-
Term
11 mo. 14 d.
€9,375.24 of €28,500.00

Loan details

Loan Type
Development Project
Loan Amount
30,000.00
Repayment type
Balloon
Date Listed
11.09.2019
Date Issued
06.09.2019
Maturity date
06.09.2020
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 06/08/2019 to finance the development project in Tanem, Norway. Money will be used to finance construction of 3 houses containing 32 apartments in total.

The collateral of loan is the land, including the building.

In current project borrower is a subcontractor, who has signed a contract to provide exterior finish and interior works. The project will be financed by main customers own assets and no upfront sales of the apartments are needed.

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.

The collateral of loan are current and future assets of the borrower, including the building. 

Project timeline:

Start of the groundworks: September 2019

Start of structure and interior works: November 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

2 floors, 1 basement

Number of apartments

32

Number of houses

3

Number of rooms per

apartments

2-3

Area per apartment

48 sq.m.-73 sq.m.

Address

Country:  Norway

Town: Tanem

Region: Trondheim

Street: Flatheimvegen 23-25

Year of completion

2020

 

DESCRIPTION

• General contractor has obtained a right to build 3 identical houses with 32 apartments in total in quiet neighborhood in Tanem, Norway;

• The townhouses are built for the future sale;

• Each townhouse will have 2 floors with 1 basement;

• Tanem is a small town in Norway, located 20-minute drive to the 3rd largest city Trondheim;

• The property is located in the center of Tanem;

• Trondheim has 196,000 inhabitants, which will rise to 210,000 by 2030;

• Trondheim, once capital during the Viking time is home to famous Norwegian University of Science and Technology;

• The property is located in quite town and is perfect for families;

• The borrower will be responsible for both exterior and interior works, while 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 €19,124.76
Available €19,124.76
Total €19,124.76
Discount / Premium 0.0%
Price €19,124.76
Investor Investor 1
Amount €25.00
-
-
-
-
Investor Investor 2
Amount €200.00
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-
-
-
Investor Investor 3
Amount €25.00
-
-
-
-
Investor Investor 4
Amount €50.00
-
-
-
-
Investor Investor 5
Amount €50.00
-
-
-
-
Investor Investor 6
Amount €20.00
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-
-
-
Investor Investor 7
Amount €10.00
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-
Investor Investor 8
Amount €10.00
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-
Investor Investor 9
Amount €30.00
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-
Investor Investor 10
Amount €30.00
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Investor Investor 11
Amount €20.00
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Investor Investor 12
Amount €10.00
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Investor Investor 13
Amount €10.00
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Investor Investor 14
Amount €10.00
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Investor Investor 15
Amount €10.00
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Investor Investor 16
Amount €10.63
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Investor Investor 17
Amount €10.00
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Investor Investor 18
Amount €15.00
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Investor Investor 19
Amount €10.00
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-
Investor Investor 20
Amount €10.00
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Investor Investor 21
Amount €10.00
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Investor Investor 22
Amount €10.00
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Investor Investor 23
Amount €10.00
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Investor Investor 24
Amount €10.00
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Investor Investor 25
Amount €10.00
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Investor Investor 26
Amount €10.00
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Investor Investor 27
Amount €15.00
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Investor Investor 28
Amount €15.00
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Investor Investor 29
Amount €20.00
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Investor Investor 30
Amount €10.00
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Investor Investor 31
Amount €47.00
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Investor Investor 32
Amount €100.00
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Investor Investor 33
Amount €120.00
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Investor Investor 34
Amount €20.19
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Investor Investor 35
Amount €10.01
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Investor Investor 36
Amount €40.00
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Investor Investor 37
Amount €20.00
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Investor Investor 38
Amount €10.00
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Investor Investor 39
Amount €20.00
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Investor Investor 40
Amount €50.00
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Investor Investor 41
Amount €10.00
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-
Investor Investor 42
Amount €10.00
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Investor Investor 43
Amount €20.00
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Investor Investor 44
Amount €10.00
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Investor Investor 45
Amount €20.00
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Investor Investor 46
Amount €20.00
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Investor Investor 47
Amount €10.00
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Investor Investor 48
Amount €25.00
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Investor Investor 49
Amount €100.00
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Investor Investor 50
Amount €25.00
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Investor Investor 51
Amount €20.00
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Investor Investor 52
Amount €100.00
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Investor Investor 53
Amount €20.00
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Investor Investor 54
Amount €10.00
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Investor Investor 55
Amount €75.00
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Investor Investor 56
Amount €1,000.00
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Investor Investor 57
Amount €20.00
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Investor Investor 58
Amount €20.00
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Investor Investor 59
Amount €20.00
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Investor Investor 60
Amount €20.00
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Investor Investor 61
Amount €20.00
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Investor Investor 62
Amount €100.00
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Investor Investor 63
Amount €15.00
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Investor Investor 64
Amount €14.75
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Investor Investor 65
Amount €20.00
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Investor Investor 66
Amount €100.00
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Investor Investor 67
Amount €20.00
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Investor Investor 68
Amount €50.00
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Investor Investor 69
Amount €20.00
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Investor Investor 70
Amount €20.00
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Investor Investor 71
Amount €200.00
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Investor Investor 72
Amount €10.17
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Investor Investor 73
Amount €29.48
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Investor Investor 74
Amount €10.00
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Investor Investor 75
Amount €10.00
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Investor Investor 76
Amount €10.00
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Investor Investor 77
Amount €20.00
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Investor Investor 78
Amount €100.00
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Investor Investor 79
Amount €50.00
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Investor Investor 80
Amount €10.00
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Investor Investor 81
Amount €40.00
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Investor Investor 82
Amount €20.00
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Investor Investor 83
Amount €50.00
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Investor Investor 84
Amount €10.00
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Investor Investor 85
Amount €30.00
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Investor Investor 86
Amount €25.00
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Investor Investor 87
Amount €20.00
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Investor Investor 88
Amount €10.00
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Investor Investor 89
Amount €10.00
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Investor Investor 90
Amount €152.00
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Investor Investor 91
Amount €10.00
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Investor Investor 92
Amount €20.00
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Investor Investor 93
Amount €10.00
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Investor Investor 94
Amount €20.00
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Investor Investor 95
Amount €100.00
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Investor Investor 96
Amount €20.00
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Investor Investor 97
Amount €100.00
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Investor Investor 98
Amount €20.00
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Investor Investor 99
Amount €50.00
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Investor Investor 100
Amount €10.00
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Investor Investor 101
Amount €50.00
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Investor Investor 102
Amount €20.00
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Investor Investor 103
Amount €10.00
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Investor Investor 104
Amount €10.00
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Investor Investor 105
Amount €20.00
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Investor Investor 106
Amount €10.00
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Investor Investor 107
Amount €20.00
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Investor Investor 108
Amount €15.00
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Investor Investor 109
Amount €20.00
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Investor Investor 110
Amount €13.00
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Investor Investor 111
Amount €10.00
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Investor Investor 112
Amount €10.00
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Investor Investor 113
Amount €10.00
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Investor Investor 114
Amount €10.00
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Investor Investor 115
Amount €25.00
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Investor Investor 116
Amount €50.00
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Investor Investor 117
Amount €10.00
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Investor Investor 118
Amount €30.00
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Investor Investor 119
Amount €10.00
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Investor Investor 120
Amount €20.00
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Investor Investor 121
Amount €20.00
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Investor Investor 122
Amount €10.00
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Investor Investor 123
Amount €25.00
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Investor Investor 124
Amount €25.00
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Investor Investor 125
Amount €25.00
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Investor Investor 126
Amount €70.00
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Investor Investor 127
Amount €20.00
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Investor Investor 128
Amount €200.00
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Investor Investor 129
Amount €10.00
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Investor Investor 130
Amount €20.00
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Investor Investor 131
Amount €100.00
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Investor Investor 132
Amount €20.00
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Investor Investor 133
Amount €10.00
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Investor Investor 134
Amount €15.00
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Investor Investor 135
Amount €10.00
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Investor Investor 136
Amount €200.00
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Investor Investor 137
Amount €20.00
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Investor Investor 138
Amount €10.00
-
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Investor Investor 139
Amount €50.00
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Investor Investor 140
Amount €15.00
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Investor Investor 141
Amount €25.00
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Investor Investor 142
Amount €10.00
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Investor Investor 143
Amount €10.00
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Investor Investor 144
Amount €10.00
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Investor Investor 145
Amount €60.00
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Investor Investor 146
Amount €10.00
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Investor Investor 147
Amount €20.00
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Investor Investor 148
Amount €20.00
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Investor Investor 149
Amount €20.00
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Investor Investor 150
Amount €10.00
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Investor Investor 151
Amount €20.00
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Investor Investor 152
Amount €10.00
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Investor Investor 153
Amount €20.00
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Investor Investor 154
Amount €10.00
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Investor Investor 155
Amount €20.00
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Investor Investor 156
Amount €10.00
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Investor Investor 157
Amount €20.00
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Investor Investor 158
Amount €20.00
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Investor Investor 159
Amount €20.00
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Investor Investor 160
Amount €12.10
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Investor Investor 161
Amount €10.00
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Investor Investor 162
Amount €50.00
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Investor Investor 163
Amount €10.00
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Investor Investor 164
Amount €10.00
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Investor Investor 165
Amount €10.00
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Investor Investor 166
Amount €25.81
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Investor Investor 167
Amount €10.00
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Investor Investor 168
Amount €10.00
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Investor Investor 169
Amount €50.00
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Investor Investor 170
Amount €15.00
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Investor Investor 171
Amount €50.00
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Investor Investor 172
Amount €2,000.00
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Investor Investor 173
Amount €10.00
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Investor Investor 174
Amount €100.00
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Investor Investor 175
Amount €50.00
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Investor Investor 176
Amount €100.00
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Investor Investor 177
Amount €20.00
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Investor Investor 178
Amount €50.00
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Investor Investor 179
Amount €20.00
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Investor Investor 180
Amount €10.00
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Investor Investor 181
Amount €20.00
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Investor Investor 182
Amount €20.00
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Investor Investor 183
Amount €15.00
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Investor Investor 184
Amount €20.00
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Investor Investor 185
Amount €20.00
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Investor Investor 186
Amount €50.00
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Investor Investor 187
Amount €40.00
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Investor Investor 188
Amount €20.00
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Investor Investor 189
Amount €30.00
-
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Investor Investor 190
Amount €550.00
-
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Investor Investor 191
Amount €20.00
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Investor Investor 192
Amount €20.00
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Investor Investor 193
Amount €10.00
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Investor Investor 194
Amount €10.00
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Investor Investor 195
Amount €20.00
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Investor Investor 196
Amount €10.00
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Investor Investor 197
Amount €10.00
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Investor Investor 198
Amount €10.00
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Investor Investor 199
Amount €10.10
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Investor Investor 200
Amount €20.00
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Date
Principal
Interest
Total
Received i
Payment date
Status
Date 06.09.2020
Principal €28,500.00
Interest €3,429.37
Total €31,929.37
-
-
Status Scheduled
Loan Amount
€30,000.00
Initial offer
€28,500.00
Available
€19,124.76
Available
€19,124.76
IR
12.00 %
LTV
-
Term
11 mo. 14 d.
€9,375.24 of €28,500.00

Loan details

Loan Type
Development Project
Loan Amount
30,000.00
Repayment type
Balloon
Date Listed
11.09.2019
Date Issued
06.09.2019
Maturity date
06.09.2020
Loan Originator
Primo invest SIA
Security
Guaranteed buyback