Nordstreet - Risk and return review
Nordstreet - Returns and loss rates
Nordstreet – Platform statistics 2026
6618
investors
Nordstreet – Pros & Cons
About Nordstreet
What it is
Nordstreet is a Lithuanian crowdfunding platform from Vilnius that has been lending since February 2018. Investors fund loans to property developers and small businesses; property loans were about 92% of the money lent in 2025. It has lent €72.03 million across 1,169 loans, 575 of which are fully repaid, to 6,618 investors (October 2026). It holds an EU crowdfunding licence from the Bank of Lithuania.
How it works
You choose loans yourself or use auto-invest, from €50 (€100 on some loans). Live loans paid 11% to 15% a year in August 2026, with interest paid during the term and the capital at the end; property loans run up to 36 months. Nordstreet grades each borrower from A (lower risk) to D (higher risk) and sets the rate. The site is in seven languages.
Returns
Nordstreet shows an "average AROI" of 13.03% (5 October 2026). This is a calculated yearly return that mixes money actually received on finished loans with payments still planned on running loans and the platform's own estimate of what defaulted loans will return. It is not money received, and the platform warns real results may differ. New loans made in 2025 carried an average interest rate of 12.81%. Investors have received €9.44 million of interest since 2018. No return after actual losses is published.
Losses and defaults
Defaults are high. €6.50 million of the €72.03 million ever lent is in default, 9.03%, calculated from the platform's own figures (5 October 2026): 8.42% of property loans and 13.69% of business loans. Because two-thirds of the money has already been repaid, that is about 27% of the money still out on loan. A loan counts as in default once its contract is terminated after a breach that was not fixed; there is no fixed number of days late. Loans that are late but not terminated (€0.45 million) are not counted.
Under the EU crowdfunding rules, Nordstreet also publishes default rates for loans followed over 36 months (as at 30 September 2026). By number of loans, 31% of the property loans observed defaulted (33 of 106) and 23% of the business loans (61 of 266). For grade B and C property loans the rate was 31% to 34%.
Nordstreet publishes no figure for money finally lost. Its table shows that only 15 of those 94 defaulted loans (16%) had been fully paid back after termination; partial recoveries and amounts are not published.
What secures your money
Property loans are secured by a mortgage on the property, with an average loan-to-value of 56%: the loans are on average a little over half the appraised value. The platform does not say whether its mortgages always rank first. Business loans usually rely on pledges and personal guarantees from the owners, which are weaker. There is no buyback, reserve fund or insurance. When a loan is terminated, the security has to be enforced, and investors report cases taking years. In plain words: the security exists, but so far it has fully covered only about one defaulted loan in six.
Who runs it and its licence
UAB Nordstreet (company code 304565690, Vilnius, set up in July 2017) holds an EU crowdfunding service provider licence from the Bank of Lithuania (number LB002225, since 10 November 2023). On 13 February 2024 the Bank of Lithuania fined it €16,000, with a public disclosure order, for weak checks on borrowers' reputation and creditworthiness and for missing risk information. Investments are not covered by deposit or investor compensation schemes.
Fees
Opening an account and investing are free; payments go through NS Pay at its own rates. Selling a loan on the secondary market costs the seller 2%. When a late borrower pays penalty interest, Nordstreet keeps 50% of what you receive as a debt administration fee.
Getting your money out
You can offer your loans for sale on Nordstreet's secondary market. In August 2026 there were 224 loans for sale, many at a discount, with loans in trouble listed 10% to 20% below face value. Otherwise your money comes back when the borrower repays, up to 36 months later, or later still if the loan defaults.
Our view
Return: Very High — a calculated average return of 13.03% a year, partly based on estimates, on loans paying 11% to 15%. Risk: High (higher means more risk) — 9% of all money lent is in default, which on its own gives Medium; we set it one step higher, at High, because about a quarter of loans followed over 36 months defaulted, only one in six of those was fully recovered, and the regulator fined the platform in 2024. Risk-return: Medium — high rates, but defaults are frequent and the security has often fallen short.
Regulation
License / Regulation: UAB Nordstreet (company code 304565690) holds an EU crowdfunding service provider licence under Regulation (EU) 2020/1503 from the Bank of Lithuania, number LB002225, since 10 November 2023. On 13 February 2024 the Bank of Lithuania fined it €16,000, with public disclosure, for weak borrower creditworthiness checks and missing risk disclosures. Investments are not covered by deposit or investor compensation schemes.
Functionality
For Investors
Useful Information
Yes. UAB Nordstreet holds an EU crowdfunding licence from the Bank of Lithuania (LB002225, since November 2023). The Bank of Lithuania fined it €16,000 in February 2024 for weak checks on borrowers and missing risk information.
NS PAY, an e-money institution licensed by the Bank of Lithuania and owned by Nordstreet. It keeps client money in separate accounts at licensed Lithuanian banks. Once invested, your money is lent to the borrower.
€50, or €100 on some loans.
The platform's calculated average return is 13.03% a year (October 2026), partly based on planned payments and estimates. 9.03% of all money ever lent is in default, and only 16% of loans that defaulted in the 36-month table were fully recovered. No final loss figure is published.
Property loans are secured by a mortgage, at an average of 56% of the appraised value; the ranking of the mortgage is not stated. Business loans rely mostly on owner guarantees and pledges. There is no buyback or reserve fund, and the security has fully covered about one defaulted loan in six so far.
You can list loans on the secondary market for a 2% fee paid by the seller. Loans in trouble usually sell only at a discount, often 10% to 20%.
Investing is free. Selling costs 2%, payment services are charged at NS Pay's rates, and Nordstreet keeps half of any late-payment penalty interest paid to you.
If a borrower fails, Nordstreet terminates the loan and enforces the security, which can take years and may not return all your money. Client cash is held apart from the platform's money; the platform publishes no plan for servicing loans if it stopped operating.
A yearly return worked out from finished loans, payments still planned on running loans and Nordstreet's own estimate of what defaulted loans will bring back. It is a projection, not money received, so it falls less than investors' real results when defaults rise.
