Projects list

Krokuvos st. 2, Vilnius, Lithuania (1 stage)

Waiting for investments

Amount of funding 150 000 €

LTV 49%

Annual interest rate 12.00% - 13.50%

Total expected project return 12.00% - 13.50%

Loan period

12 mo.

Risk

B (medium)

Purpose of the loan

Loan for acquisition

Collateral Real estate pledge

Country

Lithuania

Investors 13

Raised:
22 376 € Goal:
150 000 €

14.92%

How much will I earn if I invest:

Investment size

100.00 €

127 624.00 €

12% 12.25% 12.5% 12.75% 13% 13.25% 13.5%

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 150 000 €

LTV 49 %

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 560 000.00 €

Purpose of the Loan

The financing required amounts to 1,350,000 EUR, which will be raised in stages. The loan will be used to purchase real estate located at the following addresses in Vilnius: Krokuvos St. 2-16A, 2-16B, 2-24A, and 2-36A, as well as for the development of a real estate project. All units are located in a single multi-family residential building, and their total registered area is 703.55 m². The project involves a major renovation of the premises, a change of use from other auxiliary spaces to residential use, and the creation of 11 separate apartments with a total planned area of 697.24 m². During the project, the roof structures will be renovated and reinforced, and stairwells, skylights, balconies, mezzanines, and utility systems will be installed, and all construction and finishing work necessary for the residential units will be carried out. Technical solutions have been prepared and building permits have been issued for the project’s implementation. The loan will be repaid using proceeds from the sale of the developed real estate or by refinancing it with another financial institution during a later stage of development. The amount that the project owner is contributing to the project is 560,000 EUR.

About the Project

The project consists of four non-residential premises—unfinished attic spaces—registered as separate real estate objects in the Real Estate Register. Premises No. 16A, unique No. 4400-5654-6068:9223, total area – 319.50 sq. m; Premises No. 16B, unique No. 4400-5910-5443:1731, total area – 106.78 square meters; Premises No. 24A, unique No. 4400-5908-2792:1107, total area – 70.22 sq. m; Premises No. 36A, unique No. 4400-5908-2816:1109, total area – 207.05 sq. m. The total registered area of the four attic spaces is 703.55 square meters. The premises are classified as auxiliary, with the primary use designated as “other auxiliary.” All premises are located in the attic on the third floor of the building; the registered completion rate is 100 percent. In this case, the completion percentage refers to the formation and registration of the premises as real estate, but does not imply that they are fit for residential use.

The building in which the mortgaged property is located is a brick multi-family residential building, unique No. 1095-9016-4015. The building was renovated in 2001–2002, and routine maintenance work is listed in the registry for the period 2006–2025. It is a multifunctional, 100% complete, three-story building with a basement and an attic. Its walls are brick masonry; the roof covering listed in the registry is ceramic. The building is equipped with central heating, municipal water supply, and domestic sewage disposal, as well as natural gas. The building’s registered total area is 4,660.19 square meters, the usable area is 2,787.97 square meters, the living area is 1,720.56 square meters, basement area—539.82 square meters, the total above-ground area is 4,120.37 square meters, the volume is 21,736 cubic meters, and the built-up area is 1,344 square meters. The building comprises 48 separate real estate units, 41 of which are residential.

Structurally, the building has a compact L-shaped layout, with strip brick foundations, silicate brick walls, and a network of load-bearing walls. The exterior load-bearing walls are approximately three bricks thick. The facades facing Kraków and Rinktinės Streets are plastered, while the section of the facade facing the courtyard retains its silicate brick masonry. A specialized inspection identified moisture-damaged areas of the facade near the eaves, places where the plaster has fallen off, damp masonry on the courtyard facade, and signs of deterioration in the existing reinforced concrete slabs of the balconies.

The attic floor is constructed of 200 mm thick precast reinforced concrete slabs; with 500 mm wide slabs above the stairwells and 1,000 mm wide slabs above the living quarters. The conclusions of a specialized inspection found the floor slab to be in good condition. The existing roof is a truss structure, with intermediate wooden trusses, rafters, posts, purlins, ties, and other wooden elements. Some of the rafters have a cross-section of approximately 175 × 50 mm and are spaced at intervals of about 1.25 m; a layer of approximately 130 mm of wood shavings and clay fill was found in the roof deck.

A capital renovation project has been prepared for the conversion of the unfinished attic spaces No. 16A, 16B, 24A, and 36A from auxiliary to residential use, creating 11 apartments, has been prepared for the project’s development. The building is registered in the Real Estate Register with the cadastral reference of the building permit issued on March 4, 2026; The document is intended for major renovation and is valid as of March 5, 2026. The Registry also lists a previous major renovation permit and a notice of the start of construction. This significantly reduces the legal risk associated with the project.

The project calls for the construction of eleven residential units ranging in size from 46.54 to 79.67 square meters: MB1 – 58.73 square meters, MB2 – 56.94 square meters, MB3 – 72.08 square meters, MB4 – 74.01 square meters, MB5 – 55.48 square meters, MB6 – 53.19 square meters, MB7 – 53.05 square meters, MB8 – 57.52 square meters, MB9 – 51.43 square meters, MB10 – 46.54 square meters, and MB11 – 79.67 square meters. The units are designed to include living rooms or combined kitchen and living areas, separate bedrooms, bathrooms with toilets, entryways, closets, balconies, and mezzanines.

Following the major renovation, the total area of the attic spaces is projected to be 697.24 square meters, the living area is 444.98 square meters, the usable area excluding stairwells is 658.64 square meters, the auxiliary area including stairwells is 252.26 square meters, and the area of balconies not included in the usable area is 22.53 square meters. The areas of the four stairwells are 9.01, 9.90, 9.98, and 9.71 square meters. Some of the apartments feature mezzanines ranging from 2.67 to 12.35 square meters, allowing for more efficient use of the upper attic areas.

The project calls for the installation of new inter-apartment and interior partitions, as well as box and flat skylights, balconies, the extension of stairwells, the reconstruction of the water supply network, and the installation of new engineering systems. The proposed roofing material is “Classic” RAL 8004 rolled sheet metal, with the same color used for the flashings on the box skylights, snow guards, and rainwater drainage elements. The new roof structures are designed using Class C24 lumber; some rafters have a cross-section of 250 × 50 mm. All wooden structures must be treated with antiseptics and fire retardants, and fasteners must be galvanized, stainless, or corrosion-resistant.

The design solutions provide for an insulated roof, insulated interior and exterior stud walls, and sound-insulated floors. The roof structure includes two layers of gypsum board, layers of mineral wool, vapor barrier, a diffusion membrane, rafters, and new roofing. The floor structure includes impact-sound-insulating mineral wool, “Teriva”-type joists and blocks, a reinforced layer of C25/30-grade concrete, floor finishing, and insulation layers. The interior walls will feature double stud frames, mineral wool insulation, and two layers of gypsum board sheathing. The structures of the dormer windows and balconies are designed with a wooden frame, and the balcony assemblies include slopes, PVC waterproofing, PIR and EPS thermal insulation layers, and controlled rainwater drainage.

From the perspective of optimal use, maintaining the existing auxiliary, unfinished attic spaces would be economically inefficient, as the 703.55 sq. m. area in central Vilnius would be used only for storage or auxiliary purposes, whereas the location, the building’s residential function and the prepared design solutions allow for the creation of significantly greater economic benefits. The conversion into commercial or administrative spaces would theoretically be possible; however, the geometry of the sloped roof, the division of the space into four separate units, the planned sanitary facilities, balconies, and mezzanines, as well as the predominantly residential character of the surrounding area, make it more suitable for residential use.

The criteria for a use that is legally permissible, physically feasible, financially sound, and generates the greatest long-term productivity are best met by the major renovation of the attic spaces, a change of use to residential, and the creation of eleven separate apartments in accordance with the prepared design. This choice is supported by the issued major renovation documents, the good condition of the main reinforced concrete floor slab, the possibility of connecting to the building’s and city’s existing utility networks, the designed stairwells, skylights, balconies, and the practical apartment sizes ranging from 46.54 to 79.67 square meters. The creation of eleven medium-sized apartments also allows for the diversification of sales risk, as the property can be sold or leased as individual units rather than solely as a single high-value property. The attractiveness of the mortgaged property in its current condition is high in terms of location, development potential, and the project design.

Potential end buyers of the completed apartments would be professionals and executives working in the city center, couples, small families, employees of foreign companies, individuals seeking housing near the Old Town and the business center, as well as private investors purchasing one or more apartments for long-term rental. Apartments ranging from 46 to 60 square meters would be suitable for single- or two-person households and the rental market, while 70–80 sq. m apartments are suitable for couples or small families who prefer two or three living areas.

The project has significant development potential but requires substantial capital and professional expertise. The best use of the property, as outlined in the documentation, is a major renovation, a change of use to residential, and the creation of eleven separate apartments. Once the project is implemented—after repairing defects in the roof and wooden structures, installing all engineering systems, completing the interior finishes, and registering the individual residential units— the property’s appeal and marketability should increase significantly. The property’s primary economic value is determined not by the current function of the unfinished attic, but by its central location in Vilnius, the legally approved possibility of residential conversion, and the potential to create a diversified project comprising eleven apartments.

More about the project (see Description of the Collateralized Property) (see Documents).

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 %
Investing from 9 000.00 € - fixed interest 13.25 %
Investing from 12 000.00 € - fixed interest 13.5 %

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 12 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2026-08-27

Estimated loan repayment date:* 2027-08-27

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 Meguva Invest

Company code 307144497

Company registration address

Veiverių g. 9B - 41 Vilnius Lietuva LT-11346

UAB Meguva Invest — a company established on April 14, 2025. Areas of activity: a) Real estate management for a fee or under contract (EVRK 683200); b) rental and operation of owned or leased real estate; c) purchase and sale of owned real estate; d) construction of residential and non-residential buildings. The company may engage in any other activities that do not conflict with the laws of the Republic of Lithuania.

UAB Meguva Invest develops residential and non-residential construction projects and invests in real estate development. It is a company operating in the real estate sector, engaged in real estate transactions, the purchase and sale of real estate, as well as real estate leasing and management.&

Darius Tereikis is the company’s sole shareholder.

Loan protection collateral

Loan Collateral:

First-priority mortgage on the property located at Krokuvos St. 2 - 16A/16B/24A/36A, Vilnius, Lithuania:

Non-residential premises – Unfinished attic located at Krokuvos St. 2-16A, Vilnius, Lithuania, unique No. 4400-5654-6068:9223, total area – 319.50 sq. m, primary intended use of the property – Other auxiliary, completion rate – 100%;
Non-residential premises – Unfinished attic, located at Krokuvos St. 2-16B, Vilnius, Lithuania, unique No. 4400-5910-5443:1731, total area – 106.78 sq. m, primary intended use of the property – Other auxiliary, completion rate – 100%;
Non-residential premises – Unfinished attic, located at Krokuvos St. 2-24A, Vilnius, Lithuania, unique No. 4400-5908-2792:1107, total area – 70.22 sq. m, primary intended use of the property – Other auxiliary, completion – 100%;
Non-residential premises – Unfinished attic, located at Krokuvos St. 2-36A, Vilnius, Lithuania, unique No. 4400-5908-2816:1109, total area – 207.05 sq. m, primary intended use of the property – Other auxiliary uses, completion rate – 100%.

Value of the property being mortgaged: 2,781,000 euros.

Additional security measures:

Guarantee by the company (borrower) (promissory note for double the amount);
Personal surety by the director and shareholder;
A deposit equal to 3 (three) months’ interest.

Description of the collateral

The pledged property consists of four unfinished attics formed as separate real estate units, located at the following addresses in Vilnius: 2-16A Krokuvos St., 2-16B Krokuvos St., 2-24A Krokuvos St., and 2-36A Krokuvos St. All premises are located in the same multi-family residential building, whose main address is Krokuvos St. 2, Vilnius. The building is located in the central part of Vilnius, in the Šnipiškės district, at the corner of Krokuvos and Rinktinės Streets. It falls within the Vilnius Old Town, unique cultural heritage registry code 16073, visual protection zone; therefore, any alterations to the building’s exterior architecture, roof shape, facades, and other visible elements are subject to cultural heritage protection and architectural compatibility requirements.

The location of the mortgaged property is very favorable from an urban planning perspective. Šnipiškės is one of the fastest-changing areas in central Vilnius, where historically developed residential buildings are combined with new administrative, commercial, residential, and mixed-use projects. The area in question is located near Vilnius’s main business center, Konstitucijos Avenue, the complex of administrative buildings on the right bank of the Neris River, and the rapidly developing neighborhoods along Lvivo, Kalvarijų, and Rinktinės Streets. The ongoing conversion of older commercial, industrial, and ancillary facilities in the immediate vicinity into residential and mixed-use buildings is enhancing the area’s functional quality, increasing the population, the supply of services, and the long-term appeal of real estate. The area is characterized by active investment and high demand for housing in the central part of the city.

According to the provisions of the Vilnius City Master Plan, the area is classified as part of the main city center zone, which is characterized by dense, mixed-use urban development and a combination of residential, administrative, commercial, and service facilities. This urban environment is suitable for residential development, as the social, commercial, and transportation infrastructure elements necessary for residential use are already in place. The cadastral number of the land parcel on which the building stands is 0101/0032:1173; the project documents specify the plot area as 0.3403 ha, and the land use designation as an area for multi-family residential buildings and dormitories.

Access to the mortgaged property is convenient by both private and public transportation. Krokuvos Street is connected via Rinktinės, Kalvarijų, Lvivo, and Šeimyniškių Streets to Konstitucijos Avenue, Geležinio Vilko Street, and other major city transportation arteries. These connections provide quick access to Vilnius’s Old Town, the city center, Žirmūnai, Antakalnis, Žvėrynas, the Naujamiesčio area, the western bypass, and exits leading to other parts of the city. Public transportation runs along the nearby Rinktinės, Kalvarijų, and Šeimyniškių streets, making the property accessible from various districts of Vilnius and not solely dependent on private cars.

Shopping and business centers, administrative offices, as well as dining, healthcare, educational, sports, and everyday service facilities are all within walking distance. Nearby are the business centers on Konstitucijos Avenue, the “Europa” and VCUP shopping centers, Europos Square, the pedestrian and bicycle paths along the Neris River embankment, Vilnius’s Old Town, and the city’s recreational spaces. This environment allows residents to meet most of their daily needs on foot or by public transportation.

The building is accessed from Krokuvos and Rinktinės Streets, while the inner courtyard is used for resident access, service entry, and parking. The building has a compact L-shaped floor plan, and its volume forms the corner where Krokuvos and Rinktinės Streets meet. On the courtyard side, there are green spaces and mature trees that partially separate the residential environment from the busier streets. The space in the building’s inner courtyard is limited, so parking options should be considered a relatively constraining factor. The project, taking into account the need for eleven new apartments, provides for six additional parking spaces and five bicycle racks; the parking areas are to be paved with openwork concrete pavers. This solution improves the usability of the property but does not eliminate the general shortage of parking spaces characteristic of central Vilnius.

The site’s advantages include its central location, proximity to Vilnius’s main business center and Old Town, a good public transportation network, well-developed social and commercial infrastructure, services within walking distance, intensive development of the surrounding areas, and high demand for residential space. Factors limiting the site include heavier traffic and potential street noise, dense development, limited courtyard space and parking options, temporary inconveniences caused by ongoing construction and the transformation of the area, as well as requirements for the visual protection zone of cultural heritage sites. In the documents, the location is described as good or very good, and its main advantages are directly linked to its central location, transportation links, and the potential for environmental development.

The mortgaged property is located in a strategically attractive central part of Vilnius with long-term demand. Convenient transportation links, access to public transit, well-developed infrastructure, and proximity to the business district, the Old Town, and recreational areas create favorable conditions for residential use. Visual preservation requirements for cultural heritage, limited courtyard space, and parking options increase the complexity of the project’s implementation but do not substantially diminish the site’s high attractiveness. Given the city’s structure, the direction of environmental development, and the quality of transportation links, the location of the mortgaged property is considered suitable for the development of a multi-unit residential project and favorable for the sale or rental of the property.

For more detailed 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

Weaknesses:

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

Possibilities:

The annual interest rate payable by the borrower is 12.00-13.50%.

Threats:

A young company.
Uncertain economic situation.
Rising cost of building materials.

Documents

#	File name	File type	Actions
1	Įstatai UAB Meguva Invest.pdf
2	Turto vertinimo ataskaita.pdf
3	SLD.pdf
4	Techninis projektas (konstruktyvas).pdf
5	TP (BD ir SA).pdf
6	PIID (1 etapas).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 150 000 €

LTV 49 %

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 560 000.00 €

Purpose of the Loan

About the Project

More about the project (see Description of the Collateralized Property) (see Documents).

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 %
Investing from 9 000.00 € - fixed interest 13.25 %
Investing from 12 000.00 € - fixed interest 13.5 %

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:* 2026-08-27

Estimated loan repayment date:* 2027-08-27

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

49%

Documentation

Asset Valuation Report

Report preparation date

2026-06-04

Assessor

UAB Nepriklausomų vertintojų biuras

Loan Collateral:

First-priority mortgage on the property located at Krokuvos St. 2 - 16A/16B/24A/36A, Vilnius, Lithuania:

Non-residential premises – Unfinished attic located at Krokuvos St. 2-16A, Vilnius, Lithuania, unique No. 4400-5654-6068:9223, total area – 319.50 sq. m, primary intended use of the property – Other auxiliary, completion rate – 100%;
Non-residential premises – Unfinished attic, located at Krokuvos St. 2-16B, Vilnius, Lithuania, unique No. 4400-5910-5443:1731, total area – 106.78 sq. m, primary intended use of the property – Other auxiliary, completion rate – 100%;
Non-residential premises – Unfinished attic, located at Krokuvos St. 2-24A, Vilnius, Lithuania, unique No. 4400-5908-2792:1107, total area – 70.22 sq. m, primary intended use of the property – Other auxiliary, completion – 100%;
Non-residential premises – Unfinished attic, located at Krokuvos St. 2-36A, Vilnius, Lithuania, unique No. 4400-5908-2816:1109, total area – 207.05 sq. m, primary intended use of the property – Other auxiliary uses, completion rate – 100%.

Value of the property being mortgaged: 2,781,000 euros.

Additional security measures:

Guarantee by the company (borrower) (promissory note for double the amount);
Personal surety by the director and shareholder;
A deposit equal to 3 (three) months’ interest.

Description of the collateral

For more detailed information (see About the Project) (see Documents).

Latest loans

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

Waiting for investments

Vytauto st. 12, Aleksandrava, Semeliškių mun., Elektrėnų d., Lithuania (3 stage)

Raised:
1 450 € Goal:
100 000 €

1.45%

Annual interest rate
12.00% - 13.00%
Investors 9
LTV 60%
Risk group B (medium)
Months 12
Collateral Real estate pledge

Details Invest

Waiting for investments

Plento st. 5A, Trakai, Lithuania (4 stage)

Raised:
15 275 € Goal:
48 400 €

31.55%

Annual interest rate
12.00% - 13.00%
Investors 55
LTV 60%
Risk group B (medium)
Months 11
Collateral Real estate pledge

Details Invest

Waiting for investments

Residential quarter Javų st., Šiauliai, Lithuania (2 stage)

Raised:
23 535 € Goal:
80 000 €

29.41%

Annual interest rate
14.00% - 15.00%
Investors 56
LTV 41%
Risk group C (higher)
Months 12
Collateral Real estate pledge

Details Invest

Waiting for investments