We are supervised by
Beržų st. 56, Skrabinės vil., Rudamina, Vilniaus d. mun., Lithuania (5 stage)
Amount of funding
12 500 €
LTV
50%
Annual interest rate
13.00%
Total expected project return
15.16%
Loan period
14 mo.
Risk
C (higher)
Purpose of the loan
Development loan
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
35
Raised:
12 500 € Goal:
12 500 €
12 500 € Goal:
12 500 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | Techninis projektas.pdf |
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| 2 | RC - Vilniaus r. sav., Rudaminos sen., Skrabinės k., Beržų g. 56.pdf |
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| 3 | Vertinimo ataskaita 2024-10-04.pdf |
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| 4 | PIID (5 etapas).pdf |
|
About the loan
Purpose of the loan
Real estate development
Amount of funding
12 500 €
LTV
50 %
Risk
C (higher)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
14 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 117,500, which is divided into phases. The first 4 stages were financed until 31.08.2024. The borrower, having completed part of the work, revalued the object (property valuation report dated 04.10.2024) and determined the current market value of the property - EUR 235,000. In view of this, the borrower applied for additional financing of EUR 12,500. 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, Skrabinė vil., Rudamina, Vilnius district. mun., Lithuania, for the 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 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
14 mo.
Minimum loan period
4 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2024-10-15
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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Annual interest rate
16% - 16%
- Investors 43
- LTV 0%
- Risk group B (medium)
- Months 24
- Collateral Guarantees / surety
Lithuania
Fully invested
The status indicates that the necessary funds have been raised to finance the loan, but the transaction has not yet taken place and is currently in the process of fulfilling the loan disbursement conditions (mortgage etc). At this
stage, the interest does not count. Interest starts to run after the loan is paid to the debtor and the project
status changes to "Processing". By default, fulfillment takes 2-3 weeks.
Business loan #00337 (2 stage)
Raised:
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12 000 € Goal:
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100%
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