Projects list

Lubānas g. 133A, Riga, Latvia (4 stage)

Waiting for investments

Amount of funding 112 740 €

LTV 60%

Annual interest rate 12.00% - 13.50%

Total expected project return 11.00% - 12.37%

Loan period

11 mo.

Risk

B (medium)

Purpose of the loan

Development loan

Collateral Real estate pledge

Country

Latvia

Investors 16

Raised:
3 219 € Goal:
112 740 €

2.86%

How much will I earn if I invest:

Investment size

100.00 €

109 521.00 €

12% 12.5% 13% 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 112 740 €

LTV 60 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 11 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Amount allocated by project owner 318 000.00 €

Purpose of the loan

An amount of EUR 477,000 is required for financing, which will be collected in stages. The loan funds will be used for the construction and installation of immovable objects located in Lubānas street 133A, in Riga, Latvia: three service buildings, outdoor engineering networks and facilities and other structures (car parking lots, passageways, passages, fences). It is planned to build 3,002 sq.m. m total area of three commercial buildings. The loan will be repaid by refinancing it in another financial institution, from the sale of assets or from company income.

About the project

The project - three service buildings intended for automated goods reception/issuance activities. The buildings are one-story with a mezzanine (~6m high). The buildings consist of rooms of different sizes, each of which has a separate entrance from the outside. The area can be accessed via the entrance from Lubānas Street. 55 parking spaces are installed along the long facades of the buildings. One place - for one goods reception - issue point. Main driveways, parking lots and sidewalks will be constructed of concrete pavers.

Three service buildings have been designed, two of which are built parallel to each other, the third - perpendicular. In the middle of the buildings, common building administration rooms are installed. The premises of the buildings are intended for small companies and individuals engaged in electronic commerce, for whom it is relevant to have small automated points of receipt/issuance of goods.

All buildings will consist of main rooms (receiving/issuing goods) with entrances from the outside and auxiliary rooms with separate entrances for servicing the building complex. Parking spaces are installed along all premises, at the entrances to them. All goods receiving/dispensing facilities will be managed through a mobile application. Each room is accessed directly from the outside through a door in the gate or a door next to the gate. The gate, with dimensions of 250cmx285cm, is designed to comfortably bring in larger items. Both buildings are one-story with tech. sites where a technological site is installed. In all rooms, it is possible to install WC facilities according to the needs of the users of the rooms. The buildings have technical premises for engineering inputs, administration of the complex, as well as a shared WC room adapted for people with disabilities.

The visual appearance of the building emphasizes its primary function, while the finishes and tones are chosen to harmonize with the surrounding buildings. The character of the building is achieved by rhythmic metal lamellas. They are designed in a brown tone with a wood texture, thus creating a friendlier dialogue with the neighboring buildings. The buildings are designed as a single fireproof section.

The gates and doors of the buildings are equipped with translucent materials through which light falls into the premises. The roofs of the buildings are gabled, water runs off the roof through gutters installed on the facade. At the edges of the facades, openwork, decorative elements made of metal tubular profiles are installed. Interior decoration of the walls - multi-layer panels (facade walls) and plasterboard partitions filled with cotton wool. The floor is concrete. Toilet facilities are provided as needed. Technological sites are equipped according to the needs of the tenants. The installation of a ladder or lift (up to 3t) is specified according to the need and technology.

More about the project (see Documents).

Investment from 50.00 €.

Interest

Annual interest rate

Investing from 50.00 € - fixed interest 12 %
Investing from 5 000.00 € - fixed interest 12.5 %
Investing from 10 000.00 € - fixed interest 13 %
Investing from 15 000.00 € - 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 11 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2024-12-22

Estimated loan repayment date:* 2025-11-22

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 SIA Hiltus

Company code 40203520487

Company registration address

Malduguņu iela 4 Riga Latvija LV-2167

Company website https://www.hiltus.lt

SIA Hiltus - the company was established on 11/08/2023. Company activities: a) general construction; (b) design; c) construction management.

Company shareholder - 100% Edvard Sokolovskij.

The companies group has successfully implemented over 30 projects.

More information https://hiltus.lt/komerciniai-projektai/

Loan protection collateral

Loan collateral:

The property is pledged with a first-order mortgage at Lubānas g. 133A, Riga, Latvia:

A plot of land, whose address is Lubānas street 133A, Riga, Latvia, cadastral No. 0100 121 1284 (land plot area 9633 sq. m);
Pumping station of artesian wells, whose address is Lubānas street 133A, Riga, Latvia, cadastral No. 0100 121 1284 009;
The water tower, whose address is Lubānas street 133A, Riga, Latvia, cadastral No. 0100 121 1284 010.

Value of mortgaged property: 795,000 euros.

Property description

The mortgaged property consists of three real estate objects: (a) 9,633 sq. m. a plot of land whose address is Lubānas st. 133A, Riga, cadastral No. 0100 121 1284; (b) pumping station of artesian wells, whose address is Lubānas street 133A, Riga, Latvia, cadastral No. 0100 121 1284 009; (c) water tower with address Lubānas street 133A, Riga, Latvia, cadastral No. 0100 121 1284 010.

Territorial zoning of the plot of land - Central mixed building area (JC2), where the construction of storage buildings is permitted.

The mortgaged property is located in the lateral part of the Pļavnieki micro-district of the city of Riga. The plot of land is on the left side of Lubānas street. The plot of land is bordered by Lubānas, Braļu Kaudzīs and Kupriču streets. The area is dominated by the 20th century. construction of mid and end production/storage buildings. The plot is located in an area with well-developed engineering infrastructure. It takes about 15 - 25 minutes to drive to the city center, about 30 minutes by public transport. Well-developed transport infrastructure.

Lubānas street is considered one of the main streets of the city, ensuring road transport when entering and leaving the city territory. The street is characterized by a high intensity of traffic.

The plot of land has a fairly regular polygonal shape. The plot borders Lubānas street on one side. Suitable for construction. The relief of the plot is flat, the territory is fenced.

For more details (see Documentation).

Strengths and risks

Strengths:

The first order of real estate pledge - mortgage.

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 12.00-13.50%.

Threats:

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

Documents

#	File name	File type	Actions
1	Articles of association.pdf
2	Brėžiniai.pdf
3	Vertinimo ataskaita.pdf
4	PIID (4 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 112 740 €

LTV 60 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 11 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Amount allocated by project owner 318 000.00 €

Purpose of the loan

About the project

More about the project (see Documents).

Investment from 50.00 €.

Interest

Annual interest rate

Investing from 50.00 € - fixed interest 12 %
Investing from 5 000.00 € - fixed interest 12.5 %
Investing from 10 000.00 € - fixed interest 13 %
Investing from 15 000.00 € - fixed interest 13.5 %

Loan term and repayment

Loan period 11 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2024-12-22

Estimated loan repayment date:* 2025-11-22

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

Property type

Commercial

Mortgage rank

First order mortgage

LTV

60%

Documentation

Asset Valuation Report

Report preparation date

2023-09-05

Assessor

SIA Latio

Loan collateral:

The property is pledged with a first-order mortgage at Lubānas g. 133A, Riga, Latvia:

A plot of land, whose address is Lubānas street 133A, Riga, Latvia, cadastral No. 0100 121 1284 (land plot area 9633 sq. m);
Pumping station of artesian wells, whose address is Lubānas street 133A, Riga, Latvia, cadastral No. 0100 121 1284 009;
The water tower, whose address is Lubānas street 133A, Riga, Latvia, cadastral No. 0100 121 1284 010.

Value of mortgaged property: 795,000 euros.

Property description

Territorial zoning of the plot of land - Central mixed building area (JC2), where the construction of storage buildings is permitted.

Lubānas street is considered one of the main streets of the city, ensuring road transport when entering and leaving the city territory. The street is characterized by a high intensity of traffic.

The plot of land has a fairly regular polygonal shape. The plot borders Lubānas street on one side. Suitable for construction. The relief of the plot is flat, the territory is fenced.

For more details (see Documentation).

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