Projects list

Bistryčios st. 27, Vilnius, Lithuania (1 stage)

Waiting for investments

Amount of funding 100 000 €

LTV 60%

Annual interest rate 11.00% - 12.00%

Total expected project return 16.50% - 18.00%

Loan period

18 mo.

Risk

B (medium)

Purpose of the loan

Development loan

Collateral Real estate pledge

Country

Lithuania

Investors 16

Raised:
2 550 € Goal:
100 000 €

2.55%

How much will I earn if I invest:

Investment size

100.00 €

97 450.00 €

11% 11.25% 11.5% 11.75% 12%

With this project in one month I will earn

€

After 12 months I will earn

€

After 18 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 100 000 €

LTV 60 %

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 282 000.00 €

Purpose of the loan

The amount of EUR 423,000 is required for financing, which is collected in stages. The borrower is a special purpose company created to develop a real estate project - a prestigious class a two-apartment residential house in Vilnius, Antakalnis district, for which a valid construction permit document has been received. The loan funds will be used for the development of this real estate project. The loan will be repaid by refinancing it at another financial institution or from the proceeds of real estate sales. The amount that the project owner himself allocates to this project is EUR 282,000.

About the project under development

A two-apartment residential house, Bistryčios st. 27, Vilnius. A 3-storey a two-apartment residential building is planned to be built. Plot area: 1,835m². The plot of land has an irregular shape, the terrain is uneven - the plot is on a slope. The slope in the southern part of the plot is covered with forest, and several deciduous trees grow along the northern border of the plot. There is an entrance to the plot from Bistryčias street (concrete retaining walls for the entrance, crushed stone covering). The plot of land is not built with buildings. A building permit has been issued for the construction of a two-apartment residential building.

Engineering networks:

Electricity – there is a 0.4 kV underground line at the northern border of the land plot.
Gas pipeline - a medium-pressure gas distribution pipeline passes near the plot of land (Bistryčios st.).
Water supply, sewerage - near the plot of land (Bistryčios st.) there are water supply and sewage networks.

Indicators of the planned building:

Planned total area: ~720m²
Planned building area: ~420m²
Planned living area: ~447m²
Planned auxiliary area: ~273m²
Planned height: 3 floors
Planned construction intensity: 40%

The designed three-storey building without an attic, with a basement. Designed premises - the first and second floors of the building are intended for the residential premises of both apartments (living rooms, bedrooms, rest rooms, dining rooms, kitchens) and auxiliary premises, on the third floor of the building - premises for rest and hygiene. The basement floor is intended for parking, for laundries, boiler rooms and other auxiliary rooms. The floors of the building are connected by separate stairs in the apartments. In a residential house, conditions are created for rest, sleep, hygiene, cooking and other activities related to the needs of people and the house.

The building of laconic, modern architecture is designed taking into account the surrounding construction. The architectural solutions of the building are designed by complexly solving the composition of the facades and maintaining the integral architectural style of the facades. The main volume of the building is a rectangle with a pitched roof.

About the exterior and interior decoration of the building and more about the project (see Documents).

Investment from 50.00 €.

Interest

Annual interest rate

Investing from 50.00 € - fixed interest 11 %
Investing from 1 000.00 € - fixed interest 11.25 %
Investing from 3 000.00 € - fixed interest 11.5 %
Investing from 5 000.00 € - fixed interest 11.75 %
Investing from 7 000.00 € - fixed interest 12 %

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:* 2024-12-20

Estimated loan repayment date:* 2026-06-20

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 Vilniaus 60

Company code 306253942

Company registration address

Polocko g. 40 Vilnius Lithuania 01205

UAB Vilniaus 60 - the company was founded on 02/22/2023. The company's main field of activity is rental and operation of own or leased real estate (EVRK 682000). The company may engage in any other activity that does not conflict with the legal acts of the Republic of Lithuania. UAB Vilniaus 60 is a special purpose company created to develop an exclusive project of a prestigious two-family house in Vilnius, Antakalnis district, at the foot of the Sapieginė forest.

The company's shareholders are:

Kęstutis Ivanauskas 100% shares.

Loan protection collateral

Loan collateral:

The property located at the address Bistryčios st. 27, Vilnius, Lithuania is being pledged as a first mortgage:

A plot of land located at Bistryčios st. 27, Vilnius, Lithuania, the area of which is 0.1835 ha, unique No. 0101-0034-0040, cadastral No. 0101/0034:40 Vilnius k.v., purpose: other (method of use: territories of one- and two-apartment residential buildings).

Value of mortgaged property: 705,000 euros.

Additional security measures:

Company guarantee (promissory note).

Description of the mortgaged property

The mortgaged property consists of a plot of land of 0.1835 ha, located at Bistryčios st. 27, Vilnius, Lithuania, where the development of a real estate project is starting according to the construction permit issued by the Vilnius City Municipality for the construction of a two-apartment residential house. Land plot unique No. 0101-0034-0040, cadastral No. 0101/0034:40 Vilnius k.v., purpose: other (method of use: territories of one- and two-apartment residential buildings).

The mortgaged property is located in the Antakalnis micro-district of Vilnius. Antakalnis is the oldest and currently the largest microdistrict of the city of Vilnius, located in the northeast of the central part of the city. Located on the left bank of the Neris, above the mouth of Vilnelė. The western part of Antakalnis occupies the terrace of the Neris valley, in the east the forested Antakalnis - Sapieginės hillock flows to it. In the southern part there is the slope of the Vilnius Valley, several large hills and ridges, the Mountain Park. To the north of Antakalnis are the summer resorts of Valakampiai, Turniškės, and Ežerelis. Antakalnis is the largest and most forested part of Vilnius. Antakalnis and Žirmūnai are connected by 3 bridges over Neris. There are educational institutions - universities, colleges, secondary and primary schools, nurseries - kindergartens and special purpose educational institutions, medical institutions - hospitals, clinics, polyclinics and others, as well as a police station, fire station, post offices and other similar type of facilities in the microdistrict.

The mortgaged property is located in the eastern part of the Antakalnis microdistrict, on Bistryčios street. The territory is characterized by a very beautiful landscape - the plot of land is surrounded by forests, nearby is the Sapieginė educational trail, the Antakalnis - Sapieginė hills, the Swiss park, the Giria valley, etc. natural objects that provide attractiveness to the inhabitants of the area. The area has a fully developed infrastructure, schools, kindergartens, shopping centers, medical institutions, bank branches and other trade and service facilities are a short distance away. The mortgaged property is located at a distance of ~ 4 km from the central part of the city.

The plot of land can be accessed by private transport on Bistryčios street. All access roads are paved and in good condition. The connection with the central part of the city of Vilnius by private transport is good during off-peak hours and moderate during peak hours, because during peak hours there is a lot of traffic on Antakalnis street, which causes traffic jams.

Public transport: the nearest public transport stops are ~ 400 m away on Žolyno street ("Bistryčios st."). Buses with three routes run at the stops. Other public transport stops Šilo g. ("Vinco Grybo st." and st. "Saulės slėnis"), where a one-route bus runs. Public transport traffic is regular, the choice of driving directions is sufficient, waiting intervals are not long. It can be concluded that the object's accessibility by city public transport is good.

Positive influencing factors:

Developed social infrastructure;
Convenient access by private transport during off-peak hours;
Good landscape of the area;
Convenient access by public transport.

Negative influencing factors:

Average access by private transport during peak hours.

According to appraisers, the location of the mortgaged real estate is accepted as good.

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

Strengths and risks

Strengths:

The first order of real estate pledge - mortgage.
Company guarantee (bill of exchange).
Liquid pledged assets

Weaknesses:

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

Possibilities:

The annual interest rate payable by the borrower is 11.00-12.00%.

Threats:

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

Documents

#	File name	File type	Actions
1	Įstatai UAB Vilniaus 60.pdf
2	Vertinimo ataskaita.pdf
3	RC - UAB Vilniaus 60 - Bistryčios g. 27, Vilnius.pdf
4	B27 AUKSTU PLANAI.pdf
5	B27 SKLYPO PLANAS.pdf
6	LS.pdf
7	TP bendroji dalis.pdf
8	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 100 000 €

LTV 60 %

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 282 000.00 €

Purpose of the loan

About the project under development

Engineering networks:

Electricity – there is a 0.4 kV underground line at the northern border of the land plot.
Gas pipeline - a medium-pressure gas distribution pipeline passes near the plot of land (Bistryčios st.).
Water supply, sewerage - near the plot of land (Bistryčios st.) there are water supply and sewage networks.

Indicators of the planned building:

Planned total area: ~720m²
Planned building area: ~420m²
Planned living area: ~447m²
Planned auxiliary area: ~273m²
Planned height: 3 floors
Planned construction intensity: 40%

About the exterior and interior decoration of the building and more about the project (see Documents).

Investment from 50.00 €.

Interest

Annual interest rate

Investing from 50.00 € - fixed interest 11 %
Investing from 1 000.00 € - fixed interest 11.25 %
Investing from 3 000.00 € - fixed interest 11.5 %
Investing from 5 000.00 € - fixed interest 11.75 %
Investing from 7 000.00 € - fixed interest 12 %

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:* 2024-12-20

Estimated loan repayment date:* 2026-06-20

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

60%

Documentation

Asset Valuation Report

Report preparation date

2024-11-14

Assessor

UAB „Centro kubas – Nekilnojamasis turtas“

Loan collateral:

The property located at the address Bistryčios st. 27, Vilnius, Lithuania is being pledged as a first mortgage:

A plot of land located at Bistryčios st. 27, Vilnius, Lithuania, the area of which is 0.1835 ha, unique No. 0101-0034-0040, cadastral No. 0101/0034:40 Vilnius k.v., purpose: other (method of use: territories of one- and two-apartment residential buildings).

Value of mortgaged property: 705,000 euros.

Additional security measures:

Company guarantee (promissory note).

Description of the mortgaged property

Positive influencing factors:

Developed social infrastructure;
Convenient access by private transport during off-peak hours;
Good landscape of the area;
Convenient access by public transport.

Negative influencing factors:

Average access by private transport during peak hours.

According to appraisers, the location of the mortgaged real estate is accepted as good.

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

Documents

#	File name	File type	Actions
1	Įstatai UAB Vilniaus 60.pdf
2	Vertinimo ataskaita.pdf
3	RC - UAB Vilniaus 60 - Bistryčios g. 27, Vilnius.pdf
4	B27 AUKSTU PLANAI.pdf
5	B27 SKLYPO PLANAS.pdf
6	LS.pdf
7	TP bendroji dalis.pdf
8	PIID (1 etapas).pdf

Latest loans

With Nordstreet everyone can become an investor! Register now and start investing!

Waiting for investments