Projects list

Business loan #00331

Waiting for investments

Amount of funding 20 000 €

Annual interest rate 14.00%

Loan period

24 mo.

Risk

B (medium)

Purpose of the loan

Loan for installation

Collateral Guarantees / surety

Country

Lithuania

Investors 49

Raised:
11 168 € Goal:
20 000 €

55.84%

How much will I earn if I invest:

Investment size

100.00 €

8 832.00 €

14%

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 Investment loan

Amount of funding 20 000 €

Risk B (medium)

Payment of interest Every month

Loan repayment Every month

Loan period 24 mo.

Minimum loan period 4 mo.

Collateral

Guarantees / surety

Mortgage rank Other pledge

Amount allocated by project owner 370 000.00 €

The company owns administrative premises in Savičius st. 13-10, Vilnius and auxiliary premises at Savičius st. 13-15, in Vilnius. The company is implementing an investment project during which the purchased premises are fully renovated and their main purpose of use is changed from administrative/other to residential. The premises are currently equipped as a 4-room apartment with three sanitary units. The loan funds will be used to complete the installation of the mentioned premises.

Investment from 50.00 €.

Interest

Annual interest rate

Investing from 50.00 € - fixed interest 14 %

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 Every month

Estimated start date of the loan:* 2024-09-26

Estimated loan repayment date:* 2026-09-26

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 MB MUS Property

Company code 306090865

Company registration address

Mozūriškių g. 112 Vilnius Lietuva 06298

UAB MUS Property - the company was founded on 30.05.2022. Main areas of activity: a) Activities of real estate agencies; b) Real estate purchase - sale; c) Valuation of real estate.

The company mediates luxury real estate transactions in the Old Town of Vilnius. Services are associated with first class service, luxury and prestige. Compared to economy-class properties, luxury properties have a higher value and price, so the income is significantly higher. The company's main clients: natural and legal persons selling their own real estate. With years of experience in the luxury real estate segment, the company selects investment projects to invest in, increases their value by carrying out repairs/renovations and, if necessary, repurposing, and then sells these assets with a profit margin.

The company's shareholder is 100% Danguolė Valantinienė.

Sales revenue in Y2022 - 76 TEUR, Y2023 - 98 TEUR.
Net profit/loss in Y2022 - 49 TEUR, Y2023 - 9.5 TEUR.
Total assets in Y2022 - 53.6 TEUR, Y2023 - 306 TEUR.
Equity in assets based on the presented balance sheet in Y2023. accounted for 19 percent.
Current assets in Y2023 40 TEUR, short-term payables amounted to 3 TEUR.

Loan protection collateral

Collateral:

Company guarantee (bill of exchange) and company's manager Danguolės Valantinienės guarantee.

Strengths and risks

Strengths:

Company guarantee (bill of exchange) and guarantee of its director.
The project is near the end.

Weaknesses:

Borrower 's activities are in a competitive sector.
There is no tangible collateral.

Possibilities:

The annual interest rate payable by the borrower is 14.00%.

Threats:

Uncertain economic situation.
Rising cost of building materials.
The property is under construction.

Documents

#	File name	File type	Actions
1	Nuostatai.pdf
2	FA 2023 iš CI.pdf
3	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 Investment loan

Amount of funding 20 000 €

Risk B (medium)

Payment of interest Every month

Loan repayment Every month

Loan period 24 mo.

Minimum loan period 4 mo.

Collateral

Guarantees / surety

Mortgage rank Other pledge

Amount allocated by project owner 370 000.00 €

Investment from 50.00 €.

Interest

Annual interest rate

Investing from 50.00 € - fixed interest 14 %

Loan term and repayment

Loan period 24 mo.

Minimum loan period 4 mo.

Loan repayment Every month

Estimated start date of the loan:* 2024-09-26

Estimated loan repayment date:* 2026-09-26

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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Months 9
Collateral Real estate pledge

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Waiting for investments