Projects list

Beržų st. 56, Skrabinės vil., Rudamina, Vilniaus d. mun., Lithuania (2 stage)

Waiting for investments

Amount of funding 29 500 €

LTV 50%

Annual interest rate 13.00%

Total expected project return 19.49%

Loan period

18 mo.

Risk

B (medium)

Purpose of the loan

Development loan

Collateral Real estate pledge

Country

Lithuania

Investors 68

Raised:
14 438 € Goal:
29 500 €

48.94%

How much will I earn if I invest:

Investment size

100.00 €

15 062.00 €

13%

With this project in one month I will earn

€

After 12 months I will earn

€

After 18 months i will earn

€

Business loan terms

About the loan

Purpose of the loan Real estate development

Amount of funding 29 500 €

LTV 50 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 18 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

Funding requires an amount of EUR 79,500, which is divided into two phases. The first phase was financed until 11/29/2023. The borrower, having completed part of the work, revalued the object (property valuation report dated 04/17/2024) and determined the current market value of the property - EUR 159,000. Based on this, the borrower applied for additional financing of EUR 29,500 and improved the property value to loan ratio, which is now 50%. The loan funds will be used for the real estate object, i.e. 174.80 sq. m total area of an unfinished residential house located on Beržų st. 56, Skrabinės village, Rudaminas sen., Vilnius district. sav., Lithuania, for the installation of the facade, interior decoration and maintenance of the well-being. The loan will be repaid by refinancing it at another financial institution or from the proceeds of the property sale. The amount that the project owner allocates to the project himself is EUR 70,000.

About the project

The project consists of a plot of land and an unfinished two-story block masonry residential house, marked on the plan with the index 1A2/b. The registered total area of the building is 174.80 square meters. m., volume - 731 cubic meters. m. According to the cadastral measurements file, on the first floor of the house: two unfurnished rooms (1-1 and 1-2) are registered, partitions are installed in the room (1-1), which, according to the project, form a vestibule, san. the premises of the unit and the kitchen and living room, as well as partitions installed in the room (1-2), which, according to the project, form the boiler room and garage premises; on the second floor of the building: seven unfurnished rooms are registered. Year of construction of the building: 2023. According to the construction project, the energy efficiency class of the building is expected to be A++. The completion of the house registered in the Public Enterprise Register Center is 41 percent.

Real estate is best used for its current purpose (after completion of house construction and interior finishing works). The most likely potential buyers of the property are private individuals who intend to purchase the property and use it for their own purposes (residential purpose).

The residential building is designed with traditional architecture, one-volume shape - a two-story house, four-gable volume. Brick insulated walls with decorative plaster and clinker brick-type decoration, four-gable roof, wooden rafter structures, with profiled tin-type roof covering. The building is designed by applying modern solutions of constructive and engineering parts. The compositional solutions of the building volume correspond to the purpose of the building and the character of the surrounding construction. The interior walls of the residential building are made of brick, plastered, plastered and painted. St. the walls and floors of the nodes are glued with ceramic/stone mass tiles. Solid wood planks or other flooring selected by the builder are used for the floor of the rooms. Stone mass tiles are recommended for the kitchen floor. The ceiling of the building is made of plasterboard panels, plastered, painted. Windows with PVC profile frames. External doors are reinforced structures.

The building can be accessed by car from Biržų Street. Cars are parked and stored in the territory of the plot.

The plot of land is close to a trapezoidal shape, the terrain is relatively flat. The plot borders other undeveloped plots of similar or analogous purpose. Engineering networks:

Electricity - a 0.4 kV underground line runs near the plots of land, on Beržų and Skrabinė streets, and a transformer substation is located nearby;
Gas pipeline - near the plots of land, at 52 Beržų Street, a medium-pressure gas distribution pipeline has been laid.

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 100 €.

Interest

Annual interest rate

Investing from 100.00 € - 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 18 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2024-05-10

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

Debtor

Company title UAB Megaveta

Company code 306116986

Company registration address

Laisves pr 78B Vilnius Lietuva 06120

UAB Megaveta - the company was founded on 07/19/2022. Main areas of activity: a) Construction of residential and non-residential buildings; b) Construction of industrial facilities other than buildings; c) Completion and finishing of construction.

The shareholder of the company is 100% Roman Yusupov.

Loan protection collateral

Loan collateral:

The property located at Beržų st. 56, Skrabinės village, Rudaminas mun., Vilnius d., Lithuania is pledged as a first-line mortgage:

A plot of land whose address is Beržų st. 56, Skrabinės village, Rudaminas mun., Vilnius d., unique No. 4400-5695-2557, area - 0.1000 ha, cadastral No. 4177/0500:697 Rudamina k. v., purpose: other (method of use: territories of one- and two-family residential buildings);
The building is a one-room residential house, the address of which is Beržų st. 56, Skrabinės village, Rudaminas mun., Vilnius d., unique No. 4400-6208-1729, area - 174.80 sq. m, unfinished construction (completion 41%).

Value of mortgaged property: 159,000 euros.

Additional security measures:

Company guarantee (promissory note);
Guarantee of shareholder and director Roman Yusupov.

Description of the mortgaged property

The mortgaged property consists of two property objects: (a) Property located in Vilnius d., Rudamina mun., Skrabinė village, Beržų st. 56, a plot of land with an area of 0.1000 ha, whose unique no. 4400-5695-2557, cadastral no. 4177/0500:697 Rudamina k. v., purpose: other (method of use: territories of one- and two-family residential buildings); (b) 174.80 sq. m total area unfinished residential house (completion 41%), unique no. 4400-6208-1729, purpose: residential (one-apartment buildings), marking on the plan 1A2/b.

The mortgaged real estate is located in the Nemėžis borough. Nemėžys municipality is located next to the Minsk highway, 8 km southeast of Vilnius. It borders Rudamina, Rukainai, Šatrininkai boroughs and the city of Vilnius. The facility is located about 17 km southeast of the central part of Vilnius city. The locality has a partially developed infrastructure: there is a school - kindergarten, grocery stores, other infrastructure needed by residents is located in Nemėžys settlement or Vilnius city. The immediate environment of the property is dominated by newly built individual and detached residential houses and plots of land that are not built with buildings.

Factors affecting asset value and liquidity:

Good access to the evaluated object (by private transport);
Prospective, expanding settlement;
Quiet location away from noisy streets;
Developed social infrastructure at a short distance;
Underdeveloped public transport network;
Not all access roads are paved;
The location of the property is considered to be good considering the mentioned circumstances.

For more details (see About the Project) (see Documentation).

Strengths and risks

Strengths:

Company guarantee (bill of exchange) and guarantee of its director and shareholder.
The borrower made payments on time and without delay. (current loan at Nordstreet)
The first order of real estate pledge - mortgage.

Weaknesses:

The borrower has been operating for less than two years.
Borrower 's activities are in a competitive sector.
The company is operating at a loss.
The company experienced a loss.

Possibilities:

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

Threats:

A young company.
Uncertain economic situation.
Property is in development stage.
Rising cost of building materials.

Documents

#	File name	File type	Actions
1	Vertinimo ataskaita.pdf
2	Techninis projektas.pdf
3	Išrašas iš NTR - Vilniaus r. sav., Rudaminos sen., Skrabinės k., Beržų g. 56 2024-04-23.pdf
4	Vertinimo ataskaita 2024-04-17.pdf
5	PIID.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 29 500 €

LTV 50 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 18 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

About the project

The building can be accessed by car from Biržų Street. Cars are parked and stored in the territory of the plot.

The plot of land is close to a trapezoidal shape, the terrain is relatively flat. The plot borders other undeveloped plots of similar or analogous purpose. Engineering networks:

Electricity - a 0.4 kV underground line runs near the plots of land, on Beržų and Skrabinė streets, and a transformer substation is located nearby;
Gas pipeline - near the plots of land, at 52 Beržų Street, a medium-pressure gas distribution pipeline has been laid.

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 100 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 13 %

Loan term and repayment

Loan period 18 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2024-05-10

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

Loan protection collateral

Collateral

Real estate pledge

Guarantees / surety

Property type

Residential

Mortgage rank

First order mortgage

LTV

50%

Documentation

Asset Valuation Report

Report preparation date

2024-04-17

Assessor

UAB „Centro kubas – Nekilnojamasis turtas“

Loan collateral:

The property located at Beržų st. 56, Skrabinės village, Rudaminas mun., Vilnius d., Lithuania is pledged as a first-line mortgage:

A plot of land whose address is Beržų st. 56, Skrabinės village, Rudaminas mun., Vilnius d., unique No. 4400-5695-2557, area - 0.1000 ha, cadastral No. 4177/0500:697 Rudamina k. v., purpose: other (method of use: territories of one- and two-family residential buildings);
The building is a one-room residential house, the address of which is Beržų st. 56, Skrabinės village, Rudaminas mun., Vilnius d., unique No. 4400-6208-1729, area - 174.80 sq. m, unfinished construction (completion 41%).

Value of mortgaged property: 159,000 euros.

Additional security measures:

Company guarantee (promissory note);
Guarantee of shareholder and director Roman Yusupov.

Description of the mortgaged property

Factors affecting asset value and liquidity:

Good access to the evaluated object (by private transport);
Prospective, expanding settlement;
Quiet location away from noisy streets;
Developed social infrastructure at a short distance;
Underdeveloped public transport network;
Not all access roads are paved;
The location of the property is considered to be good considering the mentioned circumstances.

For more details (see About the Project) (see Documentation).

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