Projects list

P. Vileišio st. 18A-19, 20, 21, Vilnius, Lithuania (1 stage)

Fully invested

Amount of funding 30 000 €

LTV 60%

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

Investors 60

Raised:
30 000 € Goal:
30 000 €

100.00%

Business loan terms

About the loan

Purpose of the loan Real estate development

Amount of funding 30 000 €

LTV 60 %

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

Mortgage rank First order mortgage

Amount allocated by project owner 100 400.00 €

Purpose of the loan

Funding requires an amount of EUR 150,600, which is collected in three stages. The borrower is engaged in retail and wholesale trade of household appliances and plumbing equipment of European manufacturers in Lithuania. The loan funds will be used for the improvement of pledged premises, the purchase of production and the completion of another real estate project owned by the company. The loan will be repaid by refinancing it in another financial institution or from the proceeds of the company's activities or the sale of real estate. The amount that the project owner himself allocates to this project is EUR 100,400.

About property

The property consists of four industrial real estate objects, which form a complete whole. The complex of production facilities is located at P. Vileišio st. 18A, Vilnius. The total area of all premises is 236.33 sq. m. The year of construction of the building in which the premises are located is 1961, the completion of the building and premises is 100%.

Description of structures:

Foundation: reinforced concrete.
Walls: masonry, reinforced concrete, uninsulated.
Overlays: reinforced concrete.
Roof structure: pitched, reinforced concrete, uninsulated.
Roof covering: roll.

Interior decoration:

Walls: painted.
Ceiling: whitewashed.
Floor: concrete.
Door: metal.
Windows: plastic, with glass units.

Engineering equipment:

Heating: general central heating system.
Water supply: city communications.
Sewerage: city communications.
Gas: none.
Ventilation, conditioning: automatic.

Conclusions of the evaluators:

the condition of premises, buildings and structures is good.
facility location favorable for production purpose. The industrial facility is located in an active area, close to many other residential facilities, there are shopping centers nearby, good connections to all areas of the city, both by car and public transport. There are several similar objects nearby.
the first and best way of using the property (taking into account the location of the property, individual features of the property, market conditions, alternative use of the property and other factors) is for production purposes.

The photos of the showroom illustrate the company's activities. The photos of the mortgaged property are the last five and the building where the premises are located.

More about the 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 %

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:* 2024-12-18

Estimated loan repayment date:* 2025-12-18

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 Sateka

Company code 124022248

Company registration address

P.Vileisio 18A Vilnius Lietuva 10306

Company website http://sateka.lt/

UAB Sateka - the company was founded on February 25, 1997. The company has been engaged in retail and wholesale trade for more than 20 years. Since 1997 represents the best quality household appliances and plumbing equipment of European manufacturers in the Lithuanian market. For more than 20 years, the company is the representative of one of the largest manufacturers in Europe, TEKA, in Lithuania, and also represent the products of other well-known European manufacturers, giving preference to manufacturers who are able to create and produce only innovative, highest quality, most attractive design, and reasonably priced products. Works directly with manufacturers, without intermediaries. UAB Sateka sells a wide range of bathroom and kitchen equipment, a significant part of which is available in its warehouses and in the showrooms of its trading partners. Conducts online trade on the website www.sateka.lt

The company's shareholders are:

Vidmantas Bosevičius 60% shares;
Rūta Jankauskaitė 40% shares.

Loan protection collateral

Loan collateral:

The property located at the address P. Vileišio st. 18A, P. Vileišio st. 18A - 19/20/21, Vilnius, Lithuania is being pledged as a first mortgage:

Non-residential premises - Production premises (from R-21 to R-27), whose address is P. Vileišio st. 18A, Vilnius, Lithuania, unique No. 4400-0245-0273:5747, total area - 25.82 square meters, the main purpose of use is production, industry;
Non-residential premises - Production premises (R-36, R-37b, R-37a, R-37), whose address is P. Vileišio st. 18A – 19, Vilnius, Lithuania, unique No. 4400-0245-0184:5746, total area - 30.02 square meters, the main purpose of use is production, industry;
Non-residential premises - Production premises (R-5, R-40), whose address is P. Vileišio st. 18A – 20, Vilnius, Lithuania, unique No. 1096-1045-4070:0079, total area - 50.25 square meters, the main purpose of use is production, industry;
Non-residential premises - Production premises (R-42, R-43, R-44), whose address is P. Vileišio st. 18A – 21, Vilnius, Lithuania, unique No. 4400-0622-9090:2220, total area - 130.24 square meters, the main purpose of use is production, industry.

Value of mortgaged property: 251,000 euros.

Additional loan collateral:

Company (borrower) guarantee (promissory note);
The surety of the company manager and shareholder Vidmantas Bosevičius.

Description of the mortgaged property

A complex of premises for production purpose consisting of four property units, located in P. Vileišio st. 18A, Vilnius, Lithuania, is pledged. The total area of all premises is 236.33 sq. m. The premises are currently used for storage purposes. The mortgaged property forms a complete whole.

The mortgaged property is located in the Antakalnis ward of the city of Vilnius, on the left bank of the Neris River, to the northeast of the city center, at the Antakalnis microdistrict. It is the largest district of Vilnius, where 29 educational institutions, 24 medical institutions, a police station, a fire station, a post office, embassies and consulates of foreign countries, collective gardens, trade and commercial objects operate. Antakalnis borough and Žirmūnai borough are connected by 2 bridges (Žirmūnai Bridge and Valakampiai Bridge) across the Neris River.

P. Vileišio street is located in Antakalnis, in the northeastern part of the city of Vilnius, on the left bank of the Neris river, in the southwest of the Antakalnis borough. It is bordered by Antakalnis, Sluškai, Pauliaus Širvis, K. Jaunias and K. Būga streets. The street is about 3-4 km away from the city center. The social, communication and engineering infrastructure is very well developed. 4 trolleybus and 20 bus routes have been built in the Antakalnis microdistrict, which ensure very good public transport connections. Near the street are shopping centers IKI Neris, two Express Market, Maxima X, two Rimi, IKI Eglutė.

According to the evaluators, the location of the object in P. Vileišio st. 18A-19, 20, 21, Vilnius, is favorable for the development of production facilities. Access to the object is paved. The surroundings are dominated by residential complexes, there are public, administrative and other similar objects. Distance to the public transport stop, about 200 m. There is a large parking lot next to the building.

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 near the end.

Weaknesses:

Borrower 's activities are in a competitive sector.

Possibilities:

The annual interest rate payable by the borrower is 12.00-13.00%.

Threats:

Uncertain economic situation.
Rising cost of building materials.

Documents

#	File name	File type	Actions
1	Įstatai 1 iš 2.pdf
2	Įstatai 2 iš 2.pdf
3	Vertinimo ataskaita.pdf
4	RC - UAB Sateka - P. Vileišio g. 18A-19.pdf
5	RC - UAB Sateka - P. Vileišio g. 18A.pdf
6	RC - UAB Sateka - P. Vileišio g. 18A-20.pdf
7	RC - UAB Sateka - P. Vileišio g. 18A-21.pdf
8	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 30 000 €

LTV 60 %

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

Mortgage rank First order mortgage

Amount allocated by project owner 100 400.00 €

Purpose of the loan

About property

Description of structures:

Foundation: reinforced concrete.
Walls: masonry, reinforced concrete, uninsulated.
Overlays: reinforced concrete.
Roof structure: pitched, reinforced concrete, uninsulated.
Roof covering: roll.

Interior decoration:

Walls: painted.
Ceiling: whitewashed.
Floor: concrete.
Door: metal.
Windows: plastic, with glass units.

Engineering equipment:

Heating: general central heating system.
Water supply: city communications.
Sewerage: city communications.
Gas: none.
Ventilation, conditioning: automatic.

Conclusions of the evaluators:

the condition of premises, buildings and structures is good.
facility location favorable for production purpose. The industrial facility is located in an active area, close to many other residential facilities, there are shopping centers nearby, good connections to all areas of the city, both by car and public transport. There are several similar objects nearby.
the first and best way of using the property (taking into account the location of the property, individual features of the property, market conditions, alternative use of the property and other factors) is for production purposes.

The photos of the showroom illustrate the company's activities. The photos of the mortgaged property are the last five and the building where the premises are located.

More about the 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 %

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:* 2024-12-18

Estimated loan repayment date:* 2025-12-18

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

Other

Mortgage rank

First order mortgage

LTV

60%

Documentation

Asset Valuation Report

Report preparation date

2024-09-12

Assessor

UAB Newsec valuations

Loan collateral:

The property located at the address P. Vileišio st. 18A, P. Vileišio st. 18A - 19/20/21, Vilnius, Lithuania is being pledged as a first mortgage:

Non-residential premises - Production premises (from R-21 to R-27), whose address is P. Vileišio st. 18A, Vilnius, Lithuania, unique No. 4400-0245-0273:5747, total area - 25.82 square meters, the main purpose of use is production, industry;
Non-residential premises - Production premises (R-36, R-37b, R-37a, R-37), whose address is P. Vileišio st. 18A – 19, Vilnius, Lithuania, unique No. 4400-0245-0184:5746, total area - 30.02 square meters, the main purpose of use is production, industry;
Non-residential premises - Production premises (R-5, R-40), whose address is P. Vileišio st. 18A – 20, Vilnius, Lithuania, unique No. 1096-1045-4070:0079, total area - 50.25 square meters, the main purpose of use is production, industry;
Non-residential premises - Production premises (R-42, R-43, R-44), whose address is P. Vileišio st. 18A – 21, Vilnius, Lithuania, unique No. 4400-0622-9090:2220, total area - 130.24 square meters, the main purpose of use is production, industry.

Value of mortgaged property: 251,000 euros.

Additional loan collateral:

Company (borrower) guarantee (promissory note);
The surety of the company manager and shareholder Vidmantas Bosevičius.

Description of the mortgaged property

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

Documents

#	File name	File type	Actions
1	Įstatai 1 iš 2.pdf
2	Įstatai 2 iš 2.pdf
3	Vertinimo ataskaita.pdf
4	RC - UAB Sateka - P. Vileišio g. 18A-19.pdf
5	RC - UAB Sateka - P. Vileišio g. 18A.pdf
6	RC - UAB Sateka - P. Vileišio g. 18A-20.pdf
7	RC - UAB Sateka - P. Vileišio g. 18A-21.pdf
8	PIID (1 etapas).pdf

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P. Vileišio st. 18A-19, 20, 21, Vilnius, Lithuania (1 stage)

About the loan

Investment from 50.00 €.

Interest

Annual interest rate

Loan term and repayment

Strengths:

Weaknesses:

Possibilities:

Threats:

Nordstreet takes the following measures to ensure a safer investment:

About the loan

Investment from 50.00 €.

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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P. Vileišio st. 18A-19, 20, 21, Vilnius, Lithuania (1 stage)

Please register or sign in to access this information.

About the loan

Investment from 50.00 €.

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 50.00 €.

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

Secondary market

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