Polocko st. 30, Vilnius, Lithuania (1 stage)

About the loan

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 %

Loan term and repayment

Collateral for the loan:

Pledge of first-rank mortgage on the property located at Polocko g. 30, Vilnius, Lithuania:

• 0.1442 ha of land plot with the address of Polocko st. 30, Vilnius, unique No. 0101-0042-0089, Cadastral No. 0101/0042:89, Vilnius city district. Purpose: other (use: residential territories, use: construction of low-rise residential buildings);
• 28,62 sq. m of total area, apartment with the address Polocko st. 30-1, Vilnius, unique No. 1094-0291-5015:0001;
• 32,71 sq. m total area apartment with address Polocko st. 30-2, Vilnius, unique No. 1094-0291-5015:0002;
• 9,31 sq. m total area apartment with address Polocko st. 30-3, Vilnius, unique No. 1094-0291-5015:0003, with shared premises marked 3-1, 3-5, 3-6 (1/2 of 10,34 sq. m.), i.e. 5,17 sq. m.;
• Apartment of total area of 20,46 sq. m., with the address of the address of the building Polocko st. 30-3, Vilnius, unique No. 1094-0291-5015:0007, with shared premises marked 3-1, 3-5, 3-6 (1/2 of 10,34 sq. m), i. e. 5,17 sq. m;
• 28,61 sq. m of total area in apartment with address Polocko st. 30-4, Vilnius, unique No. 1094-0291-5015:0004;
• 51,46 sq. m of total area in the apartment with address Polocko st. 30-5, Vilnius, unique No. 1094-0291-5015:0005;
• 45,75 sq. m of total area in the apartment with address Polocko st. 30-6, Vilnius, unique No. 1094-0291-5015:0006;
• 27,44 sq. m total area of non-residential premises - unfurnished shelter, with the address Polocko st. 30, Vilnius, unique No. 4400-0991- 6476:8901.

Value of the pledged property: 1 080 000 euro w/o VAT.

Additional security:

• Company guarantee (promissory note).

Description of the pledged property

The pledged property is located in the eastern part of the Old Town district of Vilnius, in the Užupis district, at Polocko str. 30.

The pledged land plot with an area of 0,1442 ha (14,42 acres), unique No 0101-0042-0089, cadastral No 0101/0042:89 in the vicinity of Vilnius city, district No 0101/0042:89. The plot is close to rectangular in shape, with a relatively flat topography. Purpose - other (use: residential territories, type of use: construction of low-rise residential houses). The plot contains a dwelling house (1A1m) with a built-up area of 156,00 sqm. The plot also contains buildings and structures 2I1m, 3I1m, 4I1m, 5I1m, 6I1m, 7I1m, 8I1m, 9I1m, which are not registered in the State Enterprise Register Centre. The site is overgrown with perennial grass, shrubs, single trees. Bordered by other built-up plots to the east and west and by Polocko Street to the south. The plot was formed by cadastral measurements.

Utilities: all essential urban utilities are available at the plot or on the plot itself: electricity, municipal water supply, municipal sewage disposal, gas (medium pressure distribution pipeline).

Description of the dwelling house. One-storey dwelling house with attic and basement, unique No 1094-0291-5015, marked on the plan as 1A1m. The dwelling house consists of seven flats and an unfurnished attic space. The building was built in 1940. Total area: 264,34 sq.m. Volume: 964 cubic metres. Built-up area: 156,00 sq.m. Energy performance class of the building (part of it): not determined. Completion of the building is registered in the Centre of State Registers as 100 %.

• Constructions of the building: Foundations - stone masonry; Walls - logs, some of them plastered; Exterior finishing - plaster, wooden paneling; Partition - wooden; Roof - pitched, wooden, covered with tin roofing; Entrance door - wooden; Windows - wooden.
• Main use of the flats is: residential, other. Percentage of completion: 100 %. Energy efficiency class: G.
• Interior finishing: Walls - paint, tiles; Ceilings - paint; Floors - parquet, laminate, linoleum, tiles; Doors - wooden; Bathroom - built-in toilets, washbasins.
• Engineering equipment: heating - furnace (there are wood-burning stove); Electricity - available; Water supply - municipal; Sewerage - municipal; Ventilation - natural.

Factors of influence:

• The social reputation and prestige of the district;
• Proximity to historical and architectural monuments;
• Fully developed social infrastructure of the area;
• Low distance to the central streets of the Old Town;
• Easy accessibility by both individual and public transport.

Conclusion on the location of the mortgaged property: the location of the mortgaged property is considered to be very good in the light of the aforementioned circumstances.

In the opinion of the valuer, the mortgaged land plot, together with the house and the flats/apartments and other buildings/buildings thereon, form a complete whole, i.e. a single immovable property, and can be disposed of in the open market as a separate asset without any restrictions. Taking into account the existing zoning documents, it can be said that the buildings on the site are dilapidated and do not exploit the development potential of the site, and therefore the subject property would be best used for the development of new multi-family residential buildings.

The most likely potential purchasers of the mortgaged property would be legal entities aiming to develop new property projects in the territory.

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

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.