Projects list

Dubravų st. 60, Kaunas, Lithuania (1 stage)

Processing

Amount of funding 25 000 €

LTV 60%

Annual interest rate 14.00% - 15.00%

Total expected project return 14.00% - 15.00%

Loan period

12 mo.

Risk

C (higher)

Purpose of the loan

Development loan

Collateral Real estate pledge

Country

Lithuania

Investors 60

Raised:
25 000 € Goal:
25 000 €

100.00%

Business loan terms

About the loan

Purpose of the loan Real estate development

Amount of funding 25 000 €

LTV 60 %

Risk C (higher)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 12 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Guarantees / surety

Mortgage rank First order mortgage

Amount allocated by project owner 46 400.00 €

The purpose of the loan

The amount of EUR 79 560 is required for the financing, which is raised in several stages. The loan proceeds will be used for a project to convert the mortgaged properties into a residential building with 4 apartments and a furnished attic, changing the main use of the building to residential. The conversion of the existing building has already started. The project loan will be repaid from the proceeds of the sale of the property to be developed or by refinancing it with another financial institution. The amount that the project owner himself is contributing to the project is EUR 46 400.

About the project

The mortgaged property consists of a plot of land with three properties, an outbuilding and two garages. All buildings are connected by a common wall and belong to the category of ancillary farm buildings. The project consists in the conversion of the listed property into a residential house with 4 flats and a loft, changing the main use of the building to residential.

Land plot: unique No.: 4400-1985-5351; area: 0,0694 ha (694 sq. m.); designation: other, type of use - residential areas, type of use - construction of low-rise residential buildings. The plot is flat, rectangular in shape, suitable for the construction of a residential house or for the continuation of reconstruction/design. The access is asphalted Dubravų street.

Maintenance building: unique No. 5298-1022-9026; year of construction: 1982; built-up area: 85 m²; construction: reinforced concrete strip foundations, brick walls, reinforced concrete slabs, slate gable roof. Interior condition: in need of repair, part of the engineering systems dismantled.

The building is connected to two garages. Garages: unique No.: 5298-1022-9037 and 5298-1022-9048; built-up area: 41 m² and 34 m²; construction identical to the outbuilding. No interior finishes. Suitable for storage, reconstruction or conversion.

The assessors have carried out a legal, technical and economic analysis and found that: the existing use (auxiliary farm) is not the most cost-effective use. As the use of the site allows the construction of a low-rise residential building, the best and maximum use of the property is: Conversion to a residential use, the construction of a new residential building or the conversion of the existing buildings into residential accommodation.The conversion and reconstruction of the existing building has already started (new roof structure, possibility of residential space in the attic).This confirms the real, continuous and economically feasible potential for transformation of the property.

Factors affecting the project:

Attractive, quiet area.
Market liquid Kaunas area (Vaišvydava).
Opportunity to build a new residential house or to complete a reconstruction.
Lots of large area in this zone are in demand due to an attractive price range and low maintenance costs.
Demand for modern detached houses is high in the region.
Essential structures are old, requiring capital works.
Change of use procedure is required (in case of an alternative use).

Liquidity assessment

The combination of the site and the characteristics of the property suggest that:
the property is liquid,
the market can be disposed of in a shorter than average sales period,
the possibility of redevelopment enhances its attractiveness.

Evaluators' conclusion: Taking into account the location of the mortgaged property and its attractiveness, the existing use of the site and the potential for redevelopment, the market demand, the analysis of the best use of the property, the property is assessed as an attractive long-term investment with a high liquidity.The most efficient and economically viable use of the mortgaged property is the construction of a residential house or the conversion of existing structures to residential use.

For more information 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 14 %
Investing from 1 000.00 € - fixed interest 14.25 %
Investing from 3 000.00 € - fixed interest 14.5 %
Investing from 5 000.00 € - fixed interest 14.75 %
Investing from 7 000.00 € - fixed interest 15 %

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 12 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2025-11-28

Estimated loan repayment date:* 2026-11-28

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 Rekarta

Company code 307391558

Company registration address

Šlaito g. 12 - 21 Vilnius Lietuva LT-03157

MB Rekarta is a company incorporated on 14 August 2025. The main activities of the company are: (a) Construction of new buildings (EVRK 410010); (b) Construction of residential and non-residential buildings (EVRK 412000).

The business activities of the company are:

64.99.00 Other financial service activities n.e.c., except insurance and pension funding activities;
66.19.00 Other activities auxiliary to financial services, except insurance and pension funding;
68.11.00 Buying and selling of own real estate;
68.12.00 Development of building projects;
68.20.00 Renting and operating of immovable property owned or leased;
68.31.00 Real estate brokerage activities;
68.32.90 Other real estate activities n.e.c., on a fee or contract basis;
70.20.00 Business consulting and other management activities.

The company may engage in any other activity that is not contrary to the legislation of the Republic of Lithuania.

The shareholder of the company is 100% Kęstutis Petrauskas.

Loan protection collateral

Loan collateral:

Pledged as first mortgage on the property located at Dubravų st. 60, Kaunas, Lithuania:

694/1507 share of a plot of land designated for residential use (0.0694 ha share), located at Dubravų st. 60, Kaunas, Lithuania, unique No. 4400-1985-5351, cadastral No. 1901/0293:209 Kaunas city cadastral area; purpose – other, land use type – Residential territories, land use category – Low-rise residential construction;
Utility building, located at Dubravų st. 60, Kaunas, Lithuania, built-up area 85.00 sq. m, unique No. 5298-1022-9026, designated use – Auxiliary farm building, completion – 100%;
Garage, located at Dubravų st. 60, Kaunas, Lithuania, built-up area 41.00 sq. m, unique No. 5298-1022-9037, designated use – Auxiliary farm building, completion – 100%;
Garage, located at Dubravų St. 60, Kaunas, Lithuania, built-up area 34.00 sq. m, unique No. 5298-1022-9048, designated use – Auxiliary farm building, completion – 100%.

The value of the pledged property: 132 600 EUR.

Additional security:

Guarantee of the Company (Borrower) (promissory note in double amount);
Surety of the shareholder and director Kęstutis Petrauskas;
Surety of the second natural or legal person who owns property with a value of at least equal to the amount of the loan;
Deposit of three (3) months interest.

Description of the pledged property

The pledged property is located in Kaunas, Dubravų str. 60, in the Vaišvydava micro-district in the southeastern part of the city, belonging to the Panemunė sub-district. The area is characterised by quiet development, natural environment, low-rise residential buildings and is considered one of the most attractive residential areas of Kaunas.

The area belongs to Kaunas City Municipality, located in Kaunas County. Kaunas is located in the central part of Lithuania, between the country's largest rivers - the Nemunas and the Neris. The city centre is located approximately 9 km from the mortgaged property and is easily accessible.

Vaišvydava is a steadily growing residential area with the following characteristics:

Vaišvydava Forest, Panemune Silas and the Nemunas coast are located close to the property, which form a recreational framework;
individual houses and new residential projects are dominant;
the area is considered to be safe, green, with a low level of noise.

Access to the plot is via Dubravų street, which is a local street, asphalted and suitable for traffic in all seasons.

Within walking distance there are:

public transport stops (~400 m),
school (~0,5 km),
kindergarten (~0,6 km),
shops and basic services (~1 km).

Easily accessible by car:

A. Juozapavičiaus av. and Vaidoto st. - the main arteries to the centre of Kaunas,
City centre of Kaunas: 15-20 min.
Kaunas International Airport: approx. 20-25 min.

The area is equipped with: electricity, water supply and sewage networks, possibility to connect to modern heating systems. According to the map of Kaunas city value zones, the property is located in the value zone 15.27, which is characterized by: higher than average property prices, good residential environment, attractiveness for long-term investments.

Considering the accessibility, characteristics of the area, the state of infrastructure and the attractiveness of the environment, the location of the mortgaged property is assessed as a good location, suitable for residential development and with a high long-term attractiveness on the real estate market.

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

Strengths and risks

Strengths:

Company guarantee (bill of exchange) and guarantee of its director and shareholder.
The first order of real estate pledge - mortgage.
3 months interest deposit
Related company guarantee

Weaknesses:

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

Possibilities:

The annual interest rate payable by the borrower is 14.00-15.00%.

Threats:

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

Documents

#	File name	File type	Actions
1	Rekarta nuostatai.pdf
2	Turto vertinimo ataskaita.pdf
3	PIID (1 etapas) (25 000 EUR).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 25 000 €

LTV 60 %

Risk C (higher)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 12 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Guarantees / surety

Mortgage rank First order mortgage

Amount allocated by project owner 46 400.00 €

The purpose of the loan

About the project

Factors affecting the project:

Attractive, quiet area.
Market liquid Kaunas area (Vaišvydava).
Opportunity to build a new residential house or to complete a reconstruction.
Lots of large area in this zone are in demand due to an attractive price range and low maintenance costs.
Demand for modern detached houses is high in the region.
Essential structures are old, requiring capital works.
Change of use procedure is required (in case of an alternative use).

Liquidity assessment

The combination of the site and the characteristics of the property suggest that:
the property is liquid,
the market can be disposed of in a shorter than average sales period,
the possibility of redevelopment enhances its attractiveness.

For more information 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 14 %
Investing from 1 000.00 € - fixed interest 14.25 %
Investing from 3 000.00 € - fixed interest 14.5 %
Investing from 5 000.00 € - fixed interest 14.75 %
Investing from 7 000.00 € - fixed interest 15 %

Loan term and repayment

Loan period 12 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2025-11-28

Estimated loan repayment date:* 2026-11-28

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

2025-10-20

Assessor

UAB Vertinimo partneriai

Loan collateral:

Pledged as first mortgage on the property located at Dubravų st. 60, Kaunas, Lithuania:

694/1507 share of a plot of land designated for residential use (0.0694 ha share), located at Dubravų st. 60, Kaunas, Lithuania, unique No. 4400-1985-5351, cadastral No. 1901/0293:209 Kaunas city cadastral area; purpose – other, land use type – Residential territories, land use category – Low-rise residential construction;
Utility building, located at Dubravų st. 60, Kaunas, Lithuania, built-up area 85.00 sq. m, unique No. 5298-1022-9026, designated use – Auxiliary farm building, completion – 100%;
Garage, located at Dubravų st. 60, Kaunas, Lithuania, built-up area 41.00 sq. m, unique No. 5298-1022-9037, designated use – Auxiliary farm building, completion – 100%;
Garage, located at Dubravų St. 60, Kaunas, Lithuania, built-up area 34.00 sq. m, unique No. 5298-1022-9048, designated use – Auxiliary farm building, completion – 100%.

The value of the pledged property: 132 600 EUR.

Additional security:

Guarantee of the Company (Borrower) (promissory note in double amount);
Surety of the shareholder and director Kęstutis Petrauskas;
Surety of the second natural or legal person who owns property with a value of at least equal to the amount of the loan;
Deposit of three (3) months interest.

Description of the pledged property

Vaišvydava is a steadily growing residential area with the following characteristics:

Vaišvydava Forest, Panemune Silas and the Nemunas coast are located close to the property, which form a recreational framework;
individual houses and new residential projects are dominant;
the area is considered to be safe, green, with a low level of noise.

Access to the plot is via Dubravų street, which is a local street, asphalted and suitable for traffic in all seasons.

Within walking distance there are:

public transport stops (~400 m),
school (~0,5 km),
kindergarten (~0,6 km),
shops and basic services (~1 km).

Easily accessible by car:

A. Juozapavičiaus av. and Vaidoto st. - the main arteries to the centre of Kaunas,
City centre of Kaunas: 15-20 min.
Kaunas International Airport: approx. 20-25 min.

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

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Dubravų st. 60, Kaunas, Lithuania (1 stage)

Please register or sign in to access this information.

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

Loan term and repayment

Strengths:

Weaknesses:

Possibilities:

Threats:

Nordstreet takes the following measures to ensure a safer investment:

Please register or sign in to access this information.

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

Loan term and repayment

Loan protection collateral

Debtor

Strengths and risks

Strengths:

Weaknesses:

Possibilities:

Threats:

Documents

Nordstreet takes the following measures to ensure a safer investment:

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