Projects list

Basliupio st. 14, Panevėžys, Lithuania (1 stage)

Waiting for investments

Amount of funding 50 000 €

LTV 61%

Annual interest rate 13.00%

Total expected project return 25.99%

Loan period

24 mo.

Risk

B (medium)

Purpose of the loan

Development loan

Collateral Real estate pledge

Country

Lithuania

Investors 20

Raised:
10 058 € Goal:
50 000 €

20.12%

How much will I earn if I invest:

Investment size

100.00 €

39 942.00 €

13%

With this project in one month I will earn

€

After 12 months I will earn

€

After 24 months i will earn

€

* This calculator is exemplary and provides approximate results. Please note that the actual earnings may differ from the results provided by the calculator

Business loan terms

About the loan

Purpose of the loan Real estate development

Amount of funding 50 000 €

LTV 61 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 24 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Guarantees / surety

Mortgage rank First order mortgage

Amount allocated by project owner 150 000.00 €

Objective of the loan

The financing requires an amount of EUR 350 000 to be raised in stages. UAB Senvagės rezidencija will use the loan to renovate the building it owns, a shopping centre located at Molainių st. 11, Panevėžys, which was built in 2005 and has been fully leased for more than 20 years to stable tenants. The shopping centre has a leasable area of approximately 2 400 square metres and an average monthly rental income of approximately EUR 16 000. This will ensure a steady operating cash flow, allowing the loan to be serviced properly and on time. The loan will be repaid by refinancing with another financial institution or from the proceeds of the sale of the renovated property. The amount that the project owner himself is committing to the project is EUR 150 000.

About the project

The mortgaged property consists of a plot of land of 2.2256 hectares and a yard and other civil engineering structures located thereon. The main use of the land plot is other, and the use type is commercial purpose object territories. The land plot has been formed by cadastral measurements, has clearly defined boundaries and is registered in the Real Estate Register. The built-up and used part of the plot allows for a rational organisation of commercial activities and traffic movement.

The yard, which has a total area of approximately 10 108 sq. m., is asphalted and is registered as 100 % complete. Functionally, the site is designed for intensive use. This civil engineering structure constitutes an essential part of the mortgaged property as it allows the use of the property for warehousing, logistics, manufacturing or other commercial activities. The land and the parking lot are valued as a single, related collateral.

The collateral is owned by the company and has a lease agreement. The existing use of the property is in accordance with the legal requirements and the registered use. The fact that the property is leased shows that it generates income and is effectively integrated into the market, which increases its attractiveness for credit institutions.

In the context of the best and most efficient use analysis, the valuer has found that the use of the collateral for its current purpose is optimal. The commercial use of the area, the development of the infrastructure and the functional characteristics of the site allow for an efficient use of the property without additional significant investments. Alternative uses would be economically and functionally less appropriate and therefore the existing use is considered to be the maximum and best use.

The attractiveness of the mortgaged property is determined by its size, its clear legal status, its good location in the city of Panevėžys, and its suitability for commercial activities. The property is attractive for entities engaged in logistics, warehousing, manufacturing, transport or other activities related to large parking lots. Potential buyers could be logistics companies, manufacturing companies, investors seeking to acquire income-generating commercial real estate.

From the point of view of liquidity, the pledged asset is to be considered as an object of medium to high liquidity. The stable demand for commercial and industrial sites in the region provides realistic realisation opportunities within an economically feasible timeframe. Taking into account the physical, legal and functional characteristics of the assets, it can be concluded that the collateral is rationally used, attractive to the market, suitable as collateral and has sufficient liquidity to meet the needs of credit institutions.

For more information on the project (see Documents).

Investment from 50.00 €.

Interest

Annual interest rate

Investing from 50.00 € - fixed interest 13 %

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 24 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2026-02-06

Estimated loan repayment date:* 2028-02-06

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

Debtor

Company title LTD Senvagės rezidencija

Company code 302518674

Company registration address

Laisvės aikštė 1 Panevėžys Lietuva 35175

UAB Senvagės rezidencija - company was founded on 3 June 2010. The authorised capital of the company is EUR 2 027 200. The object of the company's business is: (a) Renting and operating of own or leased immovable property (EVKR 682000); (b) Real estate operations, renting of immovable property, services and other business activities, which are currently in demand in the market and are capable of securing the material interests of the company's shareholders. The company may engage in any other activity which is not contrary to the legislation of the Republic of Lithuania.

UAB Senvagės rezidencija has a long experience in the real estate sector. The company was established in 2010 and has been actively engaged in the purchase, lease and sale of commercial real estate for over a decade. During this period, the company has acquired, renovated, leased and sold dozens of different commercial premises and buildings, thus accumulating valuable experience in managing different types of assets and adapting to market changes.

The company's shareholder is 100% David Grafman.

Loan protection collateral

Loan collateral:

Pledge of a first-rank mortgage on the property at Basliupio st. 14, Panevėžys, Lithuania:

Land plot with the address Basliupio st. 14, Panevėžys, Lithuania, area - 2,2256 ha, unique No. 4400-4605-2439, cadastral No. 2701/0008:83, Panevėžys m. k.v, purpose – other, method of use – Commercial premises;
Other engineering structures - Yard, address Basliupio st. 14, Panevėžys, Lithuania, area - 10 108,00 sq. m, unique No. 4400-1650-1801, engineering structure group - Other engineering structures, purpose - Other purpose; completion - 100%.

The value of the pledged property: 577 000 euros.

Additional security:

Guarantee of the company (Borrower) (promissory note in double amount);
Guarantee of the shareholder David Grafman.

Description of the pledged property

The pledged real estate is located in the town of Panevėžys, 14, Basliupio str. The property is located within the administrative boundaries of the City of Panevėžys, in an area which, according to its urban nature, is classified as a mixed - industrial and commercial zone. This part of the city has been historically and currently shaped as a business and industrial territory, focused on warehousing, logistics, manufacturing and related commercial activities.

The location of the property is characterised by good accessibility to the main transport arteries of Panevėžys city. Access to the mortgaged property is convenient, provided by the city street network, suitable for both light and freight transport. The existing infrastructure allows for efficient organisation of transport flows, deliveries and removals, which is a significant factor for commercial and industrial real estate.

The area around the mortgaged property is dominated by similar types of development and use - industrial, warehousing, logistics and commercial facilities. This creates a coherent and functional business environment, reduces conflict with the residential environment and increases the attractiveness of the area for economic activities. The engineering infrastructure in the territory is well developed - access to the city's engineering networks creates conditions for smooth operation of the property.

The mortgaged land plot is subject to special land use conditions related to the protection zones for underground water water points, protection zones for electricity grids and water supply and sewage infrastructure. These conditions are typical for areas of this type and, in accordance with the requirements of the applicable legislation, do not substantially restrict the existing and rational use of the commercial property.

Taking into account the location, the surrounding urban structure, access roads and infrastructure, the assessors conclude that the location of the pledged property is suitable and favourable for commercial and industrial activities, ensuring stable functional attractiveness and long-term use potential.

For further information (see Documents).

Strengths and risks

Strengths:

Company guarantee (bill of exchange) and its shareholder guarantee.
The first order of real estate pledge - mortgage.
The project is completed.

Weaknesses:

Borrower 's activities are in a competitive sector.

Possibilities:

The annual interest rate payable by the borrower is 13.00%.

Threats:

Uncertain economic situation.
Rising cost of building materials.

Documents

#	File name	File type	Actions
1	MB Senvagės rezidencija įstatai.pdf
2	Turto vertinimo ataskaita.pdf
3	Santrauka Basliupio g. 14, Panevėžys.pdf
4	Žemės sklypo planas.pdf
5	PIID (1 etapas).pdf

Important

Nordstreet 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, Nordstreet 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). Nordstreet 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 Nordstreet are supervised by the Bank of Lithuania and UAB Nordstreet 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 Real estate development

Amount of funding 50 000 €

LTV 61 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 24 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Guarantees / surety

Mortgage rank First order mortgage

Amount allocated by project owner 150 000.00 €

Objective of the loan

About the project

For more information on the project (see Documents).

Investment from 50.00 €.

Interest

Annual interest rate

Investing from 50.00 € - fixed interest 13 %

Loan term and repayment

Loan period 24 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2026-02-06

Estimated loan repayment date:* 2028-02-06

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

Loan protection collateral

Collateral

Real estate pledge

Guarantees / surety

Property type

Commercial

Mortgage rank

First order mortgage

LTV

61%

Documentation

Asset Valuation Report

Report preparation date

2025-12-01

Assessor

UAB Aireda

Loan collateral:

Pledge of a first-rank mortgage on the property at Basliupio st. 14, Panevėžys, Lithuania:

Land plot with the address Basliupio st. 14, Panevėžys, Lithuania, area - 2,2256 ha, unique No. 4400-4605-2439, cadastral No. 2701/0008:83, Panevėžys m. k.v, purpose – other, method of use – Commercial premises;
Other engineering structures - Yard, address Basliupio st. 14, Panevėžys, Lithuania, area - 10 108,00 sq. m, unique No. 4400-1650-1801, engineering structure group - Other engineering structures, purpose - Other purpose; completion - 100%.

The value of the pledged property: 577 000 euros.

Additional security:

Guarantee of the company (Borrower) (promissory note in double amount);
Guarantee of the shareholder David Grafman.

Description of the pledged property

For further information (see Documents).

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