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Nordstreet

Legal Name: UAB Nordstreet

Analysis

Last update: October 2024

What is Nordstreet?

Nordstreet is a debt and real estate investment platform based in Lithuania. It originates and sells business loans as well as loans backed by real estate collateral. The platform provides an alternative financing option for Lithuanian small and medium-sized businesses, assisting with new loans and refinancing. Since its inception in 2018, Nordstreet has attracted over 5,467 investors and facilitated more than €43.9 million in investments. In the past 12 months, the platform has funded €8.68 million, averaging €0.72 million per month.[1]

Key Takeaways

  • Nordstreet originates and provides business and real estate loans in Lithuania, with investments starting at a minimum of €100.
  • The platform currently offers effective annual interest rates ranging from 6.86% to 18%, paid monthly.
  • Nordstreet reports a marginal delay rate of 0.31% for business loans and no delays for real estate loans.
  • The platform has not reported any defaulted loans to date.