Projects list

Eglių st. 23, Pašilių vil., Riešės mun., Vilniaus d., Lithuania

Processing

Amount of funding 36 780 €

LTV 60%

Annual interest rate 14.50% - 15.50%

Total expected project return 21.74% - 23.25%

Loan period

18 mo.

Risk

C (higher)

Purpose of the loan

Development loan

Collateral Real estate pledge

Country

Lithuania

Investors 76

Raised:
36 780 € Goal:
36 780 €

100.00%

Business loan terms

About the loan

Purpose of the loan Real estate development

Amount of funding 36 780 €

LTV 60 %

Risk C (higher)

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 50 000.00 €

Objective of the loan

The amount of EUR 36 780 is required for the financing, which is being raised in a single round. The loan funds will be used for 408.89 sq. m total area of a two-room residential building at Eglių st. 23, Pašilių vil., Riešės mun., Vilnius district, Lithuania for development. The loan will be repaid by refinancing with another financial institution or from the proceeds of the sale of the property. The amount that the project owner is contributing to the project is EUR 50 000.

About the project

The project is a two-bedroom residential building. The residential building is designed in the centre of the site, maintaining the regulatory distances to the boundary of the site. The site is accessed from the eastern side of the site. The site has a density of 21% and a built-up intensity of 17%. The plot has a built-up area of 512 m². The number of parking spaces on the plot is planned to be 8, with 2 spaces in the garage, 3 spaces in the carport next to the house, and 3 spaces within the boundaries of the plot.

Paved surfaces, lawns. The existing landscaping is maintained. The plot is fenced. The building is designed for the private use of two families. The house is designed on one storey, with a tiled roof. The total area of the projected dwelling house is 408,89 m2, the useful area is 408,89 m2. The height from the ground surface is 5.10 m. The residential building is designed with two apartments, 190.41 and 218.48 m2. The apartments have a vestibule, a living room connected to the dining room and kitchen, bathrooms, wardrobes, living rooms, utility rooms, a garage, an outdoor storage room.

Constructive solutions:

Foundations: Drilled.
Floors: black-grey, insulated with polystyrene foam.
Walls (ventilated): block masonry (silicate blocks 180mm (λ=0.69 W/(mK) + polyurethane panels, fixed with studs (λ=0.022W/(mK) + wooden cladding.
Walls (non-ventilated): blockwork (silicate blocks 180mm (λ=0.69 W/(mK) + insulated with polystyrene "Neoporas" (λ=0.032 W/(mK)*), ceramic tiles.
Roof: Roof: flat roof, prefabricated panels h=200mm, insulated.

Utilities:

The water supply of the plot is to be connected to the projected water borehole for the two apartments.
The connection of the domestic sewage network is to be connected to the projected wastewater treatment plant for each apartment separately. The treated water is to be discharged to the designed tanks for each apartment separately.
Sun sewage is to be collected from the roof by gutters and discharged to the designed tank of 14m3.
Electricity is to be provided by a solar photovoltaic power plant (10kW) designed on the roof of the building. Wall-mounted certified battery storage units (10kW) are planned to store the electricity generated by the solar power plant.

Internal engineering networks.

Heating systems - heat pump extracting energy from the air COP 4.90;
Hot water systems - hot water produced by a heat pump, tank insulated and heated room;
Ventilation systems - heat recovery ventilation system using, coefficient of performance (COP), 0.8 fans, electricity consumption 0.40WH/m3;
Cooling systems - not foreseen;
Lighting system - LED lamps.

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 14.5 %
Investing from 1 000.00 € - fixed interest 14.75 %
Investing from 3 000.00 € - fixed interest 15 %
Investing from 5 000.00 € - fixed interest 15.25 %
Investing from 7 000.00 € - fixed interest 15.5 %

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:* 2025-03-19

Estimated loan repayment date:* 2026-09-18

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 Fibasta

Company code 306179794

Company registration address

Girulių g. 10 Vilnius Lietuva 12112

UAB Fibasta - company incorporated on 18-11-2022. The main fields of activity of the company are construction of residential and non-residential buildings (EVRK 412000); construction of new buildings. The company may engage in any other activity that is not contrary to the legislation of the Republic of Lithuania.

The shareholders of the company are:

Zigmas Bagdonas 100% of shares.

Loan protection collateral

Loan collateral:

The following property located at Eglių st. 23, Pašilių vil., Riešės mun., Vilniaus d., Lithuania is subject to first-ranking mortgage:

Land plot of land with the following address: Eglių st. 23, Pašilių vil., Riešės mun., Vilniaus d., Lithuania, area - 0,2444 ha, unique No. 4400-4176-2109, cadastral No. 4117/0300:383 Didžiosios Riešės k.v., use: other, use: territories of one- and two-family residential buildings;
Land plot with address Pašilių vil., Riešės mun., Vilniaus d., Lithuania, area - 0,0273 ha, unique No. 4400-4176-2452, cadastre No. 4117/0300:383 Didžiosios Riešės k.v, use: other, type of use: separate green areas.

Value of the pledged property: EUR 61 300.

Additional collateral:

Guarantee (promissory note) of the Company (Borrower);
Guarantee of the company's manager and shareholder, Mr. Zigmas Bagdonas.

Description of the pledged property

The pledged property consists of two land plots located at Eglių g. 23, Pašilių k., Riešės sen., Vilniaus r. sav., Lithuania: 0,2444 ha of land plot with the following purpose: other, use: territories of one- and two-family residential buildings and 0,0273 ha of land plot with the following purpose: other, use: territories of separate greenery.

The mortgaged property is located in the district of Riešės. The property is located in the Riese municipality in the Vilnius district, north of Vilnius. The municipality has an area of 74 km². There are 45 villages in the territory of the municipality. The centre of the municipality is the village of Didžiosios Riešės. The larger settlements are Pikeliškės, Raudondvaris, Ažulaukės, Jadvygiškės. The district has: Riese St. Bishop Stanislovas Church, Riese St. Faustyna Kovalska Primary School and Riese St. Faustyna Kovalska Primary School. Stanislav Kostka Gymnasium, Pikeliškės Primary Education Department, Eitminiškės Gymnasium, Ažulauke Primary Education Branch, libraries in Pikeliškės and Ažulauke villages, 2 post offices, Riešės Palliative Care and Nursing Hospital, shops, a large supermarket "Link Molėtų", kiosks, restaurants, cafes, bars, rural tourist farms, and active village communities.

The mortgaged property is located in the village of Pašiliai, which is about 19-20 km north of the central part of Vilnius city. Pašiliai is a rural settlement, part of the settlement has old-built houses, the mortgaged property is located in the southern part of the settlement, next to the woods. New residential areas are being built in the area, new detached and semi-detached houses are being constructed. The immediate surroundings are dominated by farmland and woodland. The nearest settlement with a partially developed social infrastructure is Riese, approximately 8 km west of the mortgaged property. The village of Riese has a school, kindergarten, grocery shops. The nearest residential area is Santariškės, about 12 km away.

The mortgaged property is most conveniently accessible from the city of Vilnius by driving along the Molėtų highway, turning into Žirgų street, then turning into Pačtinės street, which gives access to Eglių street. The access roads are asphalted up to Pačtinės Street, the remaining approx. 1.3 km of the road to the mortgaged property is a gravel road. The distance from the central part of Vilnius city is about 19-20 km. The public transport stop (Raudondvaris stop), which is located next to the Molėtai highway, is about 2 km away from the pledged object. The bus stop is served by bus route 132 from Vilnius (Pramogų arena) to Paberžė. Buses run 3-4 times a day. It can be concluded that public transport access is available, but not convenient due to long waiting intervals for public transport and low choice of travel directions.

Factors influencing the mortgaged property:

Beautiful landscape (nearby forest);
Expanding neighbourhood - new detached houses are being built in the vicinity;
Quiet location away from noisy streets;
Easy access by individual transport;
Location suitable for residential use;
Distance to Vilnius city;
Inconvenient access to public transport;
Undeveloped social infrastructure in the area (the nearest partial social infrastructure is located in Rieste, about 6.5 km away);
Unpaved road section of about 1.3 km.

Evaluators' conclusion on the location of the mortgaged property: taking into account the above description of the area, the location of the mortgaged property is considered good.

The land plot is undeveloped, trapezoidal in shape, flat, unfenced, with perennial grass and shrubs. The land is bordered by undeveloped land and an unpaved access road. There is a 0,4 kV underground electricity line next to the plot. There are no other utilities.

In the view of the valuer, the mortgaged land parcels form a complete whole, i.e. an integrated real estate property, and can be disposed of on the open market as a separate property unit. The mortgaged property would be best used for the construction of a single-family or semi-detached dwelling house and no alternative use is appropriate. The most likely potential buyers of the mortgaged property may be legal entities seeking to construct a new building (a residential house) on the land for their own use.

For more information (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.

Weaknesses:

Borrower 's activities are in a competitive sector.
The company is operating at a loss.
The company experienced a loss.

Possibilities:

The annual interest rate payable by the borrower is 14.50-15.50%.

Threats:

Uncertain economic situation.
Rising cost of building materials.

Documents

#	File name	File type	Actions
1	UAB Fibasta įstatai.pdf
2	Brėžiniai.pdf
3	TP.pdf
4	Vertinimo ataskaita.pdf
5	RC - UAB Fibasta - ŽS G1 Vilniaus r. sav., Riešės sen., Pašilių k., Eglių g. 23.pdf
6	RC - UAB Fibasta - Želdynai Vilniaus r. sav., Riešės sen., Pašilių k..pdf
7	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 Real estate development

Amount of funding 36 780 €

LTV 60 %

Risk C (higher)

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 50 000.00 €

Objective of the loan

About the project

Constructive solutions:

Foundations: Drilled.
Floors: black-grey, insulated with polystyrene foam.
Walls (ventilated): block masonry (silicate blocks 180mm (λ=0.69 W/(mK) + polyurethane panels, fixed with studs (λ=0.022W/(mK) + wooden cladding.
Walls (non-ventilated): blockwork (silicate blocks 180mm (λ=0.69 W/(mK) + insulated with polystyrene "Neoporas" (λ=0.032 W/(mK)*), ceramic tiles.
Roof: Roof: flat roof, prefabricated panels h=200mm, insulated.

Utilities:

The water supply of the plot is to be connected to the projected water borehole for the two apartments.
The connection of the domestic sewage network is to be connected to the projected wastewater treatment plant for each apartment separately. The treated water is to be discharged to the designed tanks for each apartment separately.
Sun sewage is to be collected from the roof by gutters and discharged to the designed tank of 14m3.
Electricity is to be provided by a solar photovoltaic power plant (10kW) designed on the roof of the building. Wall-mounted certified battery storage units (10kW) are planned to store the electricity generated by the solar power plant.

Internal engineering networks.

Heating systems - heat pump extracting energy from the air COP 4.90;
Hot water systems - hot water produced by a heat pump, tank insulated and heated room;
Ventilation systems - heat recovery ventilation system using, coefficient of performance (COP), 0.8 fans, electricity consumption 0.40WH/m3;
Cooling systems - not foreseen;
Lighting system - LED lamps.

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 14.5 %
Investing from 1 000.00 € - fixed interest 14.75 %
Investing from 3 000.00 € - fixed interest 15 %
Investing from 5 000.00 € - fixed interest 15.25 %
Investing from 7 000.00 € - fixed interest 15.5 %

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:* 2025-03-19

Estimated loan repayment date:* 2026-09-18

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

2025-01-13

Assessor

UAB „Centro kubas – Nekilnojamasis turtas“

Loan collateral:

The following property located at Eglių st. 23, Pašilių vil., Riešės mun., Vilniaus d., Lithuania is subject to first-ranking mortgage:

Land plot of land with the following address: Eglių st. 23, Pašilių vil., Riešės mun., Vilniaus d., Lithuania, area - 0,2444 ha, unique No. 4400-4176-2109, cadastral No. 4117/0300:383 Didžiosios Riešės k.v., use: other, use: territories of one- and two-family residential buildings;
Land plot with address Pašilių vil., Riešės mun., Vilniaus d., Lithuania, area - 0,0273 ha, unique No. 4400-4176-2452, cadastre No. 4117/0300:383 Didžiosios Riešės k.v, use: other, type of use: separate green areas.

Value of the pledged property: EUR 61 300.

Additional collateral:

Guarantee (promissory note) of the Company (Borrower);
Guarantee of the company's manager and shareholder, Mr. Zigmas Bagdonas.

Description of the pledged property

Factors influencing the mortgaged property:

Beautiful landscape (nearby forest);
Expanding neighbourhood - new detached houses are being built in the vicinity;
Quiet location away from noisy streets;
Easy access by individual transport;
Location suitable for residential use;
Distance to Vilnius city;
Inconvenient access to public transport;
Undeveloped social infrastructure in the area (the nearest partial social infrastructure is located in Rieste, about 6.5 km away);
Unpaved road section of about 1.3 km.

Evaluators' conclusion on the location of the mortgaged property: taking into account the above description of the area, the location of the mortgaged property is considered good.

For more information (see Documents).

Documents

#	File name	File type	Actions
1	UAB Fibasta įstatai.pdf
2	Brėžiniai.pdf
3	TP.pdf
4	Vertinimo ataskaita.pdf
5	RC - UAB Fibasta - ŽS G1 Vilniaus r. sav., Riešės sen., Pašilių k., Eglių g. 23.pdf
6	RC - UAB Fibasta - Želdynai Vilniaus r. sav., Riešės sen., Pašilių k..pdf
7	PIID.pdf

Latest loans

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

Waiting for investments

Polocko st. 30, Vilnius, Lithuania (5 stage)

Raised:
35 475 € Goal:
90 000 €

39.41%

Annual interest rate
12% - 13%
Investors 42
LTV 70%
Risk group B (medium)
Months 22
Collateral Real estate pledge

Details Invest

Waiting for investments

Mokyklos st. 1B, Viešvilė, Jurbarko d. mun., Lithuania (1 stage)

Raised:
20 538 € Goal:
61 000 €

33.66%

Annual interest rate
12% - 13%
Investors 76
LTV 60%
Risk group B (medium)
Months 12
Collateral Real estate pledge

Details Invest

Waiting for investments

2 MW solar power park Narvydžių vil., Skuodo d., Lithuania (16 stage)

Raised:
20 269 € Goal:
50 000 €

40.53%

Annual interest rate
14% - 15%
Investors 52
LTV 60%
Risk group C (higher)
Months 9
Collateral Real estate pledge

Details Invest

Waiting for investments

Bistryčios st. 27, Vilnius, Lithuania (7 stage)

Raised:
27 532 € Goal:
61 000 €

45.13%

Annual interest rate
12% - 13%
Investors 83
LTV 60%
Risk group B (medium)
Months 16
Collateral Real estate pledge

Details Invest

Waiting for investments

Pramonės st. 21, Statikų vil., Deltuva, Ukmergės d. mun., Lithuania (3 stage)

Raised:
5 952 € Goal:
50 000 €

11.9%

Annual interest rate
14% - 15%
Investors 42
LTV 60%
Risk group C (higher)
Months 12
Collateral Real estate pledge

Details Invest

Waiting for investments

Quarter "Asiūklės parkas" (developed by "Lapino namai") Riešės mun., Vilnius d., Lithuania

Raised:
73 062 € Goal:
145 950 €

50.05%

Annual interest rate
11% - 12.5%
Investors 137
LTV 69%
Risk group A (low)
Months 24
Collateral Real estate pledge

Details Invest

Waiting for investments

Business loan #00349 (2 stage)

Raised:
3 539 € Goal:
20 000 €

17.69%

Annual interest rate
16% - 16%
Investors 18
LTV 0%
Risk group B (medium)
Months 36
Collateral Guarantees / surety

Details Invest

All projects

Need a Business Development Loan?

Grow your business faster! Getting a business loan secured through mortgage is much easier and faster with Nordstreet.

Why apply to Nordstreet for a business loan?

Advertising and comfortable returns
Speed and your choice when to return the loan
Competence and simplicity

Learn more

Eglių st. 23, Pašilių vil., Riešės mun., Vilniaus d., Lithuania

About the loan

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:

About the loan

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:

Project updates

Secondary market

Latest loans

Polocko st. 30, Vilnius, Lithuania (5 stage)

Mokyklos st. 1B, Viešvilė, Jurbarko d. mun., Lithuania (1 stage)

2 MW solar power park Narvydžių vil., Skuodo d., Lithuania (16 stage)

Bistryčios st. 27, Vilnius, Lithuania (7 stage)

Pramonės st. 21, Statikų vil., Deltuva, Ukmergės d. mun., Lithuania (3 stage)

Quarter "Asiūklės parkas" (developed by "Lapino namai") Riešės mun., Vilnius d., Lithuania

Business loan #00349 (2 stage)

Need a Business Development Loan?

News

Join the Nordstreet investor community!

Eglių st. 23, Pašilių vil., Riešės mun., Vilniaus d., Lithuania

Please register or sign in to access this information.

About the loan

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

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:

Project updates

Secondary market

Latest loans

Polocko st. 30, Vilnius, Lithuania (5 stage)

Mokyklos st. 1B, Viešvilė, Jurbarko d. mun., Lithuania (1 stage)

2 MW solar power park Narvydžių vil., Skuodo d., Lithuania (16 stage)

Bistryčios st. 27, Vilnius, Lithuania (7 stage)

Pramonės st. 21, Statikų vil., Deltuva, Ukmergės d. mun., Lithuania (3 stage)

Quarter "Asiūklės parkas" (developed by "Lapino namai") ​​Riešės mun., Vilnius d., Lithuania

Business loan #00349 (2 stage)

Need a Business Development Loan?

News

Join the Nordstreet investor community!

Quarter "Asiūklės parkas" (developed by "Lapino namai") Riešės mun., Vilnius d., Lithuania