Projects list

Kestucio st. 5, Žvėryno eldership, Vilnius, Lithuania

Project cancelled

Amount of funding 220 000 €

LTV 82%

Annual interest rate 10.00% - 10.75%

Total expected project return 9.99% - 10.74%

Loan period

12 mo.

Risk

B (medium)

Purpose of the loan

Loan for acquisition

Collateral Real estate pledge

Country

Lithuania

Investors 0

Raised:
0 € Goal:
220 000 €

0.00%

How much will I earn if I invest:

Investment size

100.00 €

220 000.00 €

10% 10.25% 10.5% 10.75%

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

Business loan terms

About the loan

Purpose of the loan Real estate development

Amount of funding 220 000 €

LTV 82 %

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

To purchase real estate - apartment 42.31 sq. m. m. with an undeveloped shelter 136.99 sq.m. Vilnius, Zverynas district, Kęstučio str. 5. The shelter with the flat, will be developed, divided to separate units and sold. The credit will be paid from the sale of assets or by refinancing credit with another financial institution.

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 10 %
Investing from 1 000.00 € - fixed interest 10.25 %
Investing from 3 000.00 € - fixed interest 10.5 %
Investing from 5 000.00 € - fixed interest 10.75 %

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:* 2021-10-24

Estimated loan repayment date:* 2022-10-24

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 LTD Silko House

Company code 304694895

Company registration address

Naugarduko g. 19 Vilnius Lietuva LT-03226

Company website www.silkonamai.lt

UAB Silk House is registered in 2017 and specializes in real estate development, construction and decoration and execution works. The company has 22 employees. According to the financial statements, net profit was TEUR 454 in 2019, TEUR 938 in 2020, net profit in 2019 (-EUR 1848), and in 2020 TEUR 89 . Equity in assets accounted for 16 % (TEUR 62). The company intends to acquire liquid assets in Vilnius, Zverynas district, to develop undeveloped shelter with the flat and to sell. This is not the first similar project that the company has already successfully implemented.

Completed previous similar development projects with shelters:

- Algirdo g. 18, Vilnius area for sale - 210 sq.m,

- Kauno str. 6, Vilnius, area for sale - 260 sq.m,

- Užupio 16, Vilnius, area for sale 200 sq.m,

- A. Mickevičiaus 7, Vilnius (KVAD protected building), reconstruction of part of the building (shelter) by changing the purpose to residential and installing apartments for sale area 140 sq.m,

- A. Vivulskio str. 6, Vilnius full roof overhaul by installing 14 apartments, total area for sale 650 sq.m.

Finishing works

The largest objects implemented: Vilnius Akropolis finishing works, Business Garden offices of about 4500 sq.m finishing works were installed on the order of UAB Vastint.

Loan protection collateral

Location - one of the most attractive prestigious Zverynas district in Vilnius, which is near parks, stadium, close to the city center.

Apartment/Room – apartment.

The address of the apartment is Vilnius, Kęstučio g. 5 – 6 registered total area 42.31 sq. m. m., unique No. 1095-4004-4015:0010, purpose – residential (apartments), year of construction 1954, building wall material – bricks, property is on the 2nd floor of 2 floors, the condition of the property is in order, according to the statement of the Central Data Bank of the State Enterprise RC real estate is 100 percent complete.

Non-residential premises are uninhabited shelter.

The address of the premises is Vilnius, Kęstučio g. 5 (Note. The shelter is not given a full address), registered total area 136.99 sq. m. m., unique No. 4400-1585-2681:8207, purpose – other, construction year 1954, building wall material – bricks, property is on the 2nd floor (shelter), property is in poor condition (not installed), according to the statement of the Real Estate Data Bank of the State Enterprise RC, the registered completion is 100%.

To ensure the repayment of the loan, a non-protestable bill of 330 thousand euros is provided for UAB Silk House. EUR for the duration of the loan.

It is planned to purchase the entire attic of the house, which is on the third floor of the house together with the apartment under the attic. The attic is planned to be completely renovated together with the whole house, i.e. the attic will be overhauled by installing two or three residential apartments. During the major repairs, it is planned to open large volumetric windows on the attic roof, which will be dominated by glass and a view of the park. The biggest advantages of the project are the amazing location, where there is a school, tennis courts and of course Vingis Park. There is also a closed yard of the house with nursing home, a plot of land belonging to the house and parking spaces.

Strengths and risks

Strengths:

The first order of real estate pledge - mortgage.
Company guarantee (bill of exchange).

Weaknesses:

The LTV rate of the project is high.

Possibilities:

The annual interest rate payable by the borrower is 10.00-10.75%.

Threats:

Rising cost of building materials.

Documents

#	File name	File type	Actions
1	NTA-21-09-1323(10)V.pdf
2	Kęstučio 5-6 project of reconstruction.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 220 000 €

LTV 82 %

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

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 10 %
Investing from 1 000.00 € - fixed interest 10.25 %
Investing from 3 000.00 € - fixed interest 10.5 %
Investing from 5 000.00 € - fixed interest 10.75 %

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:* 2021-10-24

Estimated loan repayment date:* 2022-10-24

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

82%

Documentation

Asset Valuation Report

Report preparation date

2021-09-09

Assessor

UAB Kovertas

Location - one of the most attractive prestigious Zverynas district in Vilnius, which is near parks, stadium, close to the city center.

Apartment/Room – apartment.

Non-residential premises are uninhabited shelter.

To ensure the repayment of the loan, a non-protestable bill of 330 thousand euros is provided for UAB Silk House. EUR for the duration of the loan.

Debtor

Company title LTD Silko House

Company code 304694895

Company registration address

Naugarduko g. 19 Vilnius Lietuva LT-03226

Company website www.silkonamai.lt

Completed previous similar development projects with shelters:

- Algirdo g. 18, Vilnius area for sale - 210 sq.m,

- Kauno str. 6, Vilnius, area for sale - 260 sq.m,

- Užupio 16, Vilnius, area for sale 200 sq.m,

- A. Mickevičiaus 7, Vilnius (KVAD protected building), reconstruction of part of the building (shelter) by changing the purpose to residential and installing apartments for sale area 140 sq.m,

- A. Vivulskio str. 6, Vilnius full roof overhaul by installing 14 apartments, total area for sale 650 sq.m.

Finishing works

The largest objects implemented: Vilnius Akropolis finishing works, Business Garden offices of about 4500 sq.m finishing works were installed on the order of UAB Vastint.

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Kestucio st. 5, Žvėryno eldership, Vilnius, Lithuania

How much will I earn if I invest:

With this project in one month I will earn

€

After 12 months I will earn

€

Please register or sign in to access this information.

About the loan

Investment from 100.00 €.

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 100.00 €.

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

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