We are supervised by
Beržų st. 56, Skrabinės vil., Rudamina, Vilniaus d. mun., Lithuania
Amount of funding
50 000 €
LTV
52%
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
Lithuania
Investors
53
Raised:
50 000 € Goal:
50 000 €
50 000 € Goal:
50 000 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | Vertinimo ataskaita.pdf |
|
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| 2 | Išrašas iš NTR - Vilniaus r. sav., Rudaminos sen., Skrabinės k., Beržų g. 56.pdf |
|
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| 3 | Techninis projektas.pdf |
|
About the loan
Purpose of the loan
Real estate development
Amount of funding
50 000 €
LTV
52 %
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
70 000.00 €
Purpose of the loan
The amount of EUR 244,000 is required for financing, which will be collected in two stages. The loan funds will be used for real estate, i.e. of a two-story recreation building and a two-story single-family residential building located on Gaukštonių str. 11, Gaukštonių vil., Vilnius district, Lithuania, for the completion of construction and finishing works. It is planned to fully implement a complex of two buildings, the total designed area of which is 1,102.56 square meters. The loan will be repaid by refinancing it in another financial institution or from the sale of assets and/or from the company's income. The amount that the project owner allocates to the project himself is EUR 300,000.
About the project
The project consists of two buildings: 962.23 sq. m two-story recreation building and 140.33 sq. m two-story single-family house. One building will have a sauna, 4 bedrooms and a ballroom that can accommodate 20-25 people. In the second building: a spacious ballroom for 150 people, a large kitchen for serving parties and 15 bedrooms.
The two-story single-family house is under construction. The total completion of the building recorded in the real estate register is 25 percent (cadastre data determination date: 2023-02-10). In the opinion of real estate appraisers, based on the property inspection data, the building's actual level of installation on 08/29/2023 is 62 percent.
Structural solutions: wall material: blocks; facade decoration: decorative plaster; type of windows: plastic with double-glazed windows; external doors of premises: plastic; chimney, ventilation system, visual assessment of condition: very good. The building is not finished. General assessment of the condition of the building: unfinished. The planning of a one-room residential house meets the needs of property users and modern volumetric - planning solutions.
The two-story recreational building is under construction. The total completion of the building recorded in the real estate register is 25 percent (cadastre data determination date: 2023-02-10). In the opinion of real estate appraisers, based on property inspection data, the building's actual installation level is 70 percent.
Structural solutions: wall material: blocks; there is no facade decoration; roof covering: metal; type of windows: plastic with double-glazed windows; external doors of premises: plastic; chimney, ventilation system, visual assessment of condition: very good. The building is not finished. General assessment of the condition of the building: incomplete construction, interior decoration of the premises - incomplete. The planning of the recreation building meets the needs of property users and modern volumetric - planning solutions.
Existing engineering equipment in the premises of both buildings: electricity, local water supply, local sewage disposal, air-to-air heating. Overall engineering rating: very good.
More about the project (see Documents).
We inform you that the employees of UAB Nordstreet (company code 304565690) are investing in this project.
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:*
2023-12-11
Estimated loan repayment date:*
2025-11-29
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
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