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J. Puzino st. 8 - 1, Kaunas, Lithuania (1 stage)
Amount of funding
60 000 €
LTV
65%
Annual interest rate
12.00% - 13.00%
Total expected project return
12.00% - 12.99%
Loan period
12 mo.
Risk
B (medium)
Purpose of the loan
Development loan
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
0
Raised:
0 € Goal:
60 000 €
0 € Goal:
60 000 €
0.00%
How much will I earn if I invest:
Investment size
100.00 €
60 000.00 €
12%
12.25%
12.5%
12.75%
13%
With this project in one month I will earn
€
After 12 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
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | MB Doronas nuostatai.pdf |
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| 2 | Turto vertinimo ataskaita.pdf |
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| 3 | PIID (J. Puzino g. 8 - 1, Kaunas) (1 etapas).pdf |
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About the loan
Purpose of the loan
Real estate development
Amount of funding
60 000 €
LTV
65 %
Risk
B (medium)
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
87 850.00 €
Objective of the loan
The amount of €163,150 is required for the financing, which is raised in stages. The borrower's activity is the purchase, market adaptation/development and sale of residential and commercial real estate. The loan will be used for the finishing and furnishing of the property owned by the company - a townhouse at J. Puzino st. 8 - 1, Kaunas, Lithuania, which is mortgaged against this loan. The loan will be repaid by refinancing with another financial institution or from the proceeds of the company's activities and the sale of the real estate. The amount to be contributed by the project owner is EUR 87 850.
About the property
An apartment (townhouse) with a 761/1024 share of a plot of land located at the same address in Kaunas, J. Puzino str. 8-1. Apartment (unique No 4400-5697-7088:4403): total area - 89,61 m², residential use, located in a semi-detached house (1A2/b). Construction started in 2021, level of completion - 80 %. Construction: blocks, insulated walls, metal roofing.
Land plot (unique No 4400-0959-1846): total area of 0,1024 ha, of which 0,0761 ha as collateral. The plot is classified as residential - low-rise residential buildings. The plot has been formed by cadastral surveys, easements have been established - road and utility easements.
A two-family house with separate entrances and a private part of the courtyard is planned for completion of the construction.
The property is the most suitable physical and legal parameters for the residential use - individual or two-family dwelling operation. Taking into account the infrastructure, the location, the size of the plot and the nature of the development, the best use of the property is to complete the construction works, to fully furnish the apartment and use it for living purposes, or to sell it as a new-build dwelling.
In the opinion of the appraisers, the property has a high attractiveness due to:
- convenient location in Žaliakalnis microdistrict;
- small and green residential area;
- new building;
- the possibility of completing the furnishing according to the individual needs.
Moderate-high liquidity as the residential properties in Kaunas, especially in the Žaliakalnis district, have a stable buyer base. As the property is unfinished, its sale may require additional investments, but the market demand for new or little-used dwellings in this area remains high.
Potential buyers of the mortgaged property are individuals or families looking for new-build dwellings in a quiet, green part of the city, with a private land plot and convenient access to the centre. The property may also be attractive to investors looking to acquire and complete the property, with a view to selling or renting it out at a later date.
For more information about the property (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 12 %
- Investing from 1 000.00 € - fixed interest 12.25 %
- Investing from 3 000.00 € - fixed interest 12.5 %
- Investing from 5 000.00 € - fixed interest 12.75 %
- Investing from 7 000.00 € - fixed interest 13 %
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
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