Projects list

P. Vileišio st. 18A-19, 20, 21, Vilnius, Lithuania (3 stage)

Waiting for investments

Amount of funding 50 600 €

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 14

Raised:
6 520 € Goal:
50 600 €

12.89%

How much will I earn if I invest:

Investment size

100.00 €

44 080.00 €

12% 12.25% 12.5% 12.75% 13%

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 50 600 €

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 €

Objective of the loan

The financing requires an amount of €150,600, which is raised in three stages. The borrower is engaged in the retail and wholesale of household appliances and sanitary equipment from European manufacturers in Lithuania. The loan proceeds will be used to improve the mortgaged premises, to purchase products and to complete another real estate project owned by the company. The loan will be repaid by refinancing with 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 is contributing to the project is EUR 100 400.

About the asset

The asset consists of four industrial properties which form a complete unit. The complex of industrial premises is located at P. Vileišio g. 18A, Vilnius. The total area of all premises is 236,33 sq.m. The building in which the premises are located has a construction year of 1961, the building and premises have a completion rate of 100%.

Description of structures:

Foundations: reinforced concrete.
Walls: masonry, reinforced concrete, uninsulated.
Slabs: reinforced concrete.
Roof structure: trussed, reinforced concrete, uninsulated.
Roof covering: rolled.

Interior finishes:

Walls: painted.
Leaves: whitewashed.
Floors: concrete.
Doors: metal.
Windows: plastic, double-glazed.

Utilities:

Heating.
Water supply: urban.
Sewerage: urban.
Gas: none.
Ventilation, air-conditioning: self-contained.

Conclusions of the assessors:

The condition of the premises, buildings and structures is good.
Location of the site is favourable for industrial use. The facility is located in an active location, close to many other residential properties, close to shopping centres, good access to all areas of the city both by car and public transport. There are several similar properties in the vicinity.
The first and best use of the property (taking into account the location of the property, the individual characteristics of the property, the market conjuncture, alternative uses and other factors) is for industrial use.

Photos of the showroom illustrate the company's activities. The pictures of the mortgaged properties are the last five and of the building in which the premises are located.

For more information 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:* 2025-01-03

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 - founded on 25 February 1997. The company has been engaged in retail and wholesale trade for more than 20 years. Since 1997 it has been representing on the Lithuanian market the best quality household appliances and sanitary equipment of European manufacturers. For more than 20 years they have been the representatives of one of the largest manufacturers in Europe, TEKA, in Lithuania, as well as the representatives of other well-known European manufacturers, giving preference to manufacturers who are able to develop and produce only innovative products of the highest quality, the most attractive design and reasonable price. They work directly with the manufacturers, without intermediaries. Sateka sells a wide range of bathroom and kitchen fittings, many of which are stocked in its own warehouses and in the showrooms of its sales partners. It sells online at www.sateka.lt

The shareholders of the company are:

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

Loan protection collateral

Loan collateral:

Pledged as a first-ranking mortgage on the property located at P. Vileišio st. 18A, P. Vileišio st. 18A - 19/20/21, Vilnius, Lithuania:

Production premises (from R-21 to R-27), address P. Vileišio st. 18A, Vilnius, Lithuania, unique No. 4400-0245-0273:5747, total area - 25,82 sq,
Production premises (R-36, R-37b, R-37a, R-37), address is P. Vileišio st. 18A - 19, Vilnius, Lithuania, unique No. 4400-0245-0184:5746, total area - 30,02 sq. m,
Production premises (R-5, R-40), address P. Vileišio st. 18A - 20, Vilnius, Lithuania, unique No. 1096-1045-4070:0079, total area - 50,25 sq.m.,
Production premises (R-42, R-43, R-44), address P. Vileišio st. 18A - 21, Vilnius, Lithuania, unique No. 4400-0622-9090:2220, total area - 130,24 sq. m, main use - manufacturing, industrial.

Value of the pledged property: EUR 251 000.

Additional collateral for the loan:

Guarantee (promissory note) by the company (borrower);
Guarantee by the company's manager and shareholder Vidmantas Bosevičius.

Description of the mortgaged property

The mortgaged property is a complex of industrial premises located at P. Vileišio g. 18A, Vilnius, Lithuania, consisting of four property units. The total area of the premises is 236,33 sq.m. The premises are currently used for storage purposes. The mortgaged assets form a complete whole.The mortgaged property is located in the Antakalnis district of Vilnius, on the left bank of the Neris River, north-east of the city centre, at the Antakalnis micro-district;Police station, fire station, post office, foreign embassies and consulates, collective gardens, trade and commercial facilities. Antakalnis ward is connected with Žirmūnai ward by 2 bridges (Žirmūnai Bridge and Valakampiai Bridge) over the Neris River.

P. Vileišio Street is located in Antakalnis, in the north-eastern part of Vilnius city, on the left bank of the Neris River, in the south-west of Antakalnis district. It borders Antakalnis, Sluškų, Pauliaus Širvio, K. Jauniaus and K. Būgos streets. The street is about 3-4 km away from the city centre. Antakalnis micro-district has 4 trolleybus and 20 bus routes, which provide very good public transport connections. Near the street there are supermarkets IKI Neris, du Express Market, Maxima X, du Rimi, IKI Eglutė.

In the opinion of the assessors, the location of the object at P. Vileišio g. 18A-19, 20, 21, Vilnius, is favourable for the development of production facilities. Access to the site is asphalted. The surrounding area is dominated by residential buildings, public, administrative and other facilities. Distance to a public transport stop, approx. 200 m. There is a large parking lot next to the building.

For more 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.
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 (3 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 50 600 €

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 €

Objective of the loan

About the asset

Description of structures:

Foundations: reinforced concrete.
Walls: masonry, reinforced concrete, uninsulated.
Slabs: reinforced concrete.
Roof structure: trussed, reinforced concrete, uninsulated.
Roof covering: rolled.

Interior finishes:

Walls: painted.
Leaves: whitewashed.
Floors: concrete.
Doors: metal.
Windows: plastic, double-glazed.

Utilities:

Heating.
Water supply: urban.
Sewerage: urban.
Gas: none.
Ventilation, air-conditioning: self-contained.

Conclusions of the assessors:

The condition of the premises, buildings and structures is good.
Location of the site is favourable for industrial use. The facility is located in an active location, close to many other residential properties, close to shopping centres, good access to all areas of the city both by car and public transport. There are several similar properties in the vicinity.
The first and best use of the property (taking into account the location of the property, the individual characteristics of the property, the market conjuncture, alternative uses and other factors) is for industrial use.

Photos of the showroom illustrate the company's activities. The pictures of the mortgaged properties are the last five and of the building in which the premises are located.

For more information 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:* 2025-01-03

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:

Pledged as a first-ranking mortgage on the property located at P. Vileišio st. 18A, P. Vileišio st. 18A - 19/20/21, Vilnius, Lithuania:

Production premises (from R-21 to R-27), address P. Vileišio st. 18A, Vilnius, Lithuania, unique No. 4400-0245-0273:5747, total area - 25,82 sq,
Production premises (R-36, R-37b, R-37a, R-37), address is P. Vileišio st. 18A - 19, Vilnius, Lithuania, unique No. 4400-0245-0184:5746, total area - 30,02 sq. m,
Production premises (R-5, R-40), address P. Vileišio st. 18A - 20, Vilnius, Lithuania, unique No. 1096-1045-4070:0079, total area - 50,25 sq.m.,
Production premises (R-42, R-43, R-44), address P. Vileišio st. 18A - 21, Vilnius, Lithuania, unique No. 4400-0622-9090:2220, total area - 130,24 sq. m, main use - manufacturing, industrial.

Value of the pledged property: EUR 251 000.

Additional collateral for the loan:

Guarantee (promissory note) by the company (borrower);
Guarantee by the company's manager and shareholder Vidmantas Bosevičius.

Description of the mortgaged property

For more information (see About the project) (see Documents).

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 (3 etapas).pdf

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