Projects list

Mindaugo st. 16-10, Vilnius, Lithuania (2 stage)

Waiting for investments

Amount of funding 63 900 €

LTV 70%

Annual interest rate 13.00% - 14.50%

Total expected project return 25.99% - 28.99%

Loan period

24 mo.

Risk

B (medium)

Purpose of the loan

Investment loan

Collateral Real estate pledge

Country

Lithuania

Investors 66

Raised:
28 735 € Goal:
63 900 €

44.97%

How much will I earn if I invest:

Investment size

100.00 €

35 165.00 €

13% 13.25% 13.5% 13.75% 14% 14.25% 14.5%

With this project in one month I will earn

€

After 12 months I will earn

€

After 24 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 Investment loan

Amount of funding 63 900 €

LTV 70 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 24 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Guarantees / surety

Mortgage rank First order mortgage

Amount allocated by project owner 145 200.00 €

Purpose of the loan

The amount of EUR 338,800 is required for financing, which is collected in two stages. The borrower is engaged in debt management solutions and management of debt portfolios of financial institutions. The loan funds will be partially used to refinance an existing loan in another credit institution, partially - to purchase a new debt portfolio from a financial institution. The loan will be repaid by refinancing it in another financial institution or from the proceeds of the company's activities and the sale of real estate. The amount that the project owner allocates to the project himself is EUR 145,200.

About property

The property consists of an apartment and two parts of a parking lot (see the Loan Protection Security section for a description of the property). The building was built in 1998, repair/reconstruction works were completed in 2020. Building and apartment completion - 100%.

Construction description: foundations - reinforced concrete; walls - monolithic reinforced concrete / masonry; overlays - reinforced concrete; roof structure - wood, metal structures; roof covering - metal.
Engineering equipment: heating - local, central heating (gas boiler); water supply - city; sewage - city; gas - there is; ventilation, conditioning - self-contained.
Finishing: walls - plastered, painted; ceiling - plastered, painted, covered with wood panels; floor - parquet boards, stone mass tiles; door: armored (entrance), interior veneered; windows - plastic, with glass units.

According to appraisers, the first and best way of using the mortgaged property (taking into account the location of the property, individual characteristics of the property, market conditions, alternative use of the property and other factors) is the existing one, i.e. for residential purposes.

More about the property (see Documents).

Investment from 50.00 €.

Interest

Annual interest rate

Investing from 50.00 € - fixed interest 13 %
Investing from 1 000.00 € - fixed interest 13.25 %
Investing from 3 000.00 € - fixed interest 13.5 %
Investing from 5 000.00 € - fixed interest 13.75 %
Investing from 7 000.00 € - fixed interest 14 %
Investing from 10 000.00 € - fixed interest 14.25 %
Investing from 15 000.00 € - fixed interest 14.5 %

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 24 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2024-11-08

Estimated loan repayment date:* 2026-11-05

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 MB Dives vitae

Company code 306717759

Company registration address

Mindaugo 16 Vilnius Lietuva 03225

MB Dives vitae - the company was founded on 04/05/2024. The main area of the company's activity is consulting management activities. The company is engaged in debt management solutions and management of debt portfolios of financial institutions.

The members of the small community are:

Dovydas Varkulevičius 100% shares.

Loan protection collateral

Loan collateral:

The property located at the address Mindaugo str. 16-10, Vilnius, Lithuania is being pledged as a first mortgage:

Apartment/Premises - Apartment whose address is Mindaugo st. 16 – 10, Vilnius, unique No. 1094-0235-6014:0025, area - 86,29 sq. m, purpose - residential (apartments), with shared underground parking lot (2/92 of 1652.82 sq. m.).

Value of mortgaged property: 484,000 euros.

Additional security measures:

Company guarantee (promissory note);
Guarantee of the director and shareholder Dovydas Varkulevičius.

Description of the mortgaged property

The mortgaged property consists of a fully equipped and furnished 3-room, 86.29 sq. m. useful area apartment on the 4th floor of the 6th floor building with 2/92 parts of a shared underground parking lot at Mindaugo st. 16 - 10, Vilnius, Lithuania.

The mortgaged property is located in the Old Town of Vilnius, which is located in the center of the city of Vilnius, basically coincides with the boundaries of the Old Town of Vilnius, but also includes Užupis and Paupis. Mindaugo street borders Naugarduko and J. Basanavičiaus streets. Excellent social and communication infrastructure is nearby (shopping centers IKI EXPRESS, Maxima XXX, Aibė; Vilnius College, Faculty of Economics, Simonas Daukantas Pro-Gymnasium, Mindaugas Secondary School, Kindergarten "Krivūlė"; restaurants, etc.).

For more details (see About the Project) (see Documentation).

Strengths and risks

Strengths:

Company guarantee (bill of exchange) and guarantee of its director and shareholder.
The first order of real estate pledge - mortgage.
The project is completed.

Weaknesses:

The borrower has been operating for less than a year.

Possibilities:

The annual interest rate payable by the borrower is 13.00-14.50%.

Threats:

A young company.
Uncertain economic situation.
Loan refinancing.

Documents

#	File name	File type	Actions
1	Nuostatai MB Dives vitae.pdf
2	Vertinimo ataskaita.pdf
3	PIID (2 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 Investment loan

Amount of funding 63 900 €

LTV 70 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 24 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Guarantees / surety

Mortgage rank First order mortgage

Amount allocated by project owner 145 200.00 €

Purpose of the loan

About property

Construction description: foundations - reinforced concrete; walls - monolithic reinforced concrete / masonry; overlays - reinforced concrete; roof structure - wood, metal structures; roof covering - metal.
Engineering equipment: heating - local, central heating (gas boiler); water supply - city; sewage - city; gas - there is; ventilation, conditioning - self-contained.
Finishing: walls - plastered, painted; ceiling - plastered, painted, covered with wood panels; floor - parquet boards, stone mass tiles; door: armored (entrance), interior veneered; windows - plastic, with glass units.

More about the property (see Documents).

Investment from 50.00 €.

Interest

Annual interest rate

Investing from 50.00 € - fixed interest 13 %
Investing from 1 000.00 € - fixed interest 13.25 %
Investing from 3 000.00 € - fixed interest 13.5 %
Investing from 5 000.00 € - fixed interest 13.75 %
Investing from 7 000.00 € - fixed interest 14 %
Investing from 10 000.00 € - fixed interest 14.25 %
Investing from 15 000.00 € - fixed interest 14.5 %

Loan term and repayment

Loan period 24 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2024-11-08

Estimated loan repayment date:* 2026-11-05

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

70%

Documentation

Asset Valuation Report

Report preparation date

2024-04-02

Assessor

UAB Newsec valuations

Loan collateral:

The property located at the address Mindaugo str. 16-10, Vilnius, Lithuania is being pledged as a first mortgage:

Apartment/Premises - Apartment whose address is Mindaugo st. 16 – 10, Vilnius, unique No. 1094-0235-6014:0025, area - 86,29 sq. m, purpose - residential (apartments), with shared underground parking lot (2/92 of 1652.82 sq. m.).

Value of mortgaged property: 484,000 euros.

Additional security measures:

Company guarantee (promissory note);
Guarantee of the director and shareholder Dovydas Varkulevičius.

Description of the mortgaged property

For more details (see About the Project) (see Documentation).

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