Dubliškių st. 31, Vilnius, Lithuania (1 stage)

About the loan

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 9 %
• Investing from 1 000.00 € - fixed interest 9.25 %
• Investing from 3 000.00 € - fixed interest 9.5 %
• Investing from 5 000.00 € - fixed interest 9.75 %
• Investing from 7 000.00 € - fixed interest 10 %

Loan term and repayment

Loan collateral:

Pledge of first-rank mortgage on the property located at Dubliškių st. 31, Vilnius, Lithuania:

• Land plot with the address Dubliškių st. 31, Vilnius, Lithuania, unique No. 0101-0067-0016, cadastre No. 0101/0067:16, Vilniaus cadastral area, purpose – other, type of use – residential areas, type of use – construction of low-rise residential buildings;
• Building - Single-family residential house, address Dubliškių st. 31, Vilnius, Lithuania, unique No. 1093-7003-9011, total area - 578,74 sq. m, purpose - single-family residential house, completion - 100%.

Value of the pledged property: 849 000 euro.

Additional security:

• Company's guarantee (promissory note);
• Guarantee of the related company UAB Jolivis (company code 122922576).

Description of the pledged asset

The pledged asset is located at 31 Dubliškių st., Vilnius, Lithuania. The mortgaged property consists of two immovable properties: a plot of land and a one-bedroom residential house located thereon, which form a single immovable property complex.

The mortgaged property is located at 31 Dubliškių st. in the municipality of Vilnius, Vilnius, Paneriai district. Paneriai district is an administrative-territorial unit in the south-west of Vilnius City Municipality, on the left bank of the Neris River. The administration of the municipality is located in the Trakai Voke Manor House. It borders with Trakai and Vilnius districts, Lazdynai, Vilkpėde, Naujininkai. It is the largest district in Vilnius by area - it includes Aukštieji Paneriai, Trakų Vokė, Daniliškės, Vaidotai, Pagiriai, Kazbejiai, Naujakiemis, Gariūnai, Jočionys, Mačiuliškės, Gureliai, Vaidegiai, Baliskės, Mūrinė Vokė, Dobrovolė, Liudvinavas. The district has Gariūnai market, car market, AB "Vilniaus gelžbetonis", railway, Mūrinė Vokė pond, Paneriai cemetery. A large part of the territory is covered by forests.

The mortgaged property is a residential house with a land plot. The property is located in the western part of Vilnius, in the Paneriai district. The area is classified as a peripheral zone of the capital city, where mixed development is predominant, with a mix of individual residential houses, garden buildings and individual commercial or warehouse facilities. The area is characterised by a shift from garden community type development to more rapidly urbanising neighbourhoods. The residential environment in this area is shaped by relatively low density, abundant green spaces and natural areas. This gives the settlement a suburban character with limited noise levels and lower traffic intensity compared to the central parts of the city. However, due to the limited infrastructure (public transport, utilities, paved roads), the quality of life depends on individual decisions. Most of the plots are individual house or garden land, where self-developed infrastructure prevails. The nearest shopping and educational centres are accessible by car - the main access is via Eišiškių pl. or Jočionių str. Taking into account the structure and demographic dynamics of the area, Dubliškių Street is seen as a residential area in the process of being formed or transformed, with potential for further urban integration into the urban structure, especially if the transport infrastructure and accessibility of services are improved. 

For more information (see About the project) (see Documents).

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.