Projects list

Polocko st. 30, Vilnius, Lithuania (5 stage)

Waiting for investments

Amount of funding 90 000 €

LTV 70%

Annual interest rate 12.00% - 13.00%

Total expected project return 22.00% - 23.83%

Loan period

22 mo.

Risk

B (medium)

Purpose of the loan

Development loan

Collateral Real estate pledge

Country

Lithuania

Investors 42

Raised:
35 475 € Goal:
90 000 €

39.42%

How much will I earn if I invest:

Investment size

100.00 €

54 525.00 €

12% 12.25% 12.5% 12.75% 13%

With this project in one month I will earn

1.00 €

After 12 months I will earn

12.00 €

After 22 months i will earn

22.00 €

* 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 90 000 €

LTV 70 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 22 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Guarantees / surety

Mortgage rank First order mortgage

Amount allocated by project owner 590 000.00 €

Objective of the loan

The amount of EUR 756 000 is required for the financing, which is being raised in stages. The borrower is a special purpose vehicle established to develop a real estate project - a prestigious class apartment building with commercial premises and an underground car park in 30 Polocko street, Užupis microdistrict, Vilnius. The loan proceeds will be used for the development of this real estate project. The loan will be repaid by refinancing with another financial institution or from the proceeds of the sale of the real estate. The amount that the project owner is contributing to the project is EUR 590 000.

About the project

The project developer has currently prepared design proposals for the construction/renovation of an apartment building for the development of the land. The plans include an underground car park in the basement of the building, commercial premises on the ground floor and apartments on the remaining floors. The developer has also initiated a detailed plan preparation procedure in accordance with the current Vilnius City Master Plan.

According to the approved Vilnius Master Plan 2021, the area where the project is being developed is located in the medium intensity zone. The following land uses are possible in this area: G1 (Territories of single-family dwellings); G2 (Territories of multi-family dwellings and dormitories); K (Territories of commercial facilities); V (Territories of public use); R (Recreational territories); B (Territories of common use (of towns, cities, villages and municipalities or municipalities)); I2 (Territories of corridors of transport and engineering networks); E (Territories of individual green areas). The site has the following development regulations: maximum number of storeys of buildings - unspecified, maximum height of buildings (in metres) from the ground surface - 12, maximum intensity of development of the plot - 1, maximum density of development of the plot - 60%. Type of development: pr_u (perimeter regular (closed-plan blocks)); pr_a (perimeter regular (semi-closed-plan blocks)), mv (urban villas), vd (one-bedroom semi-detached dwellings).

The project area belongs to the Old Town district of Vilnius, one of the most beautiful and unique components of the city and its centre. It is the oldest part of Vilnius, located on the left bank of the Neris River, south of Castle Hill. Vilnius Old Town is an urban monument. In 1994, Vilnius Old Town was inscribed on the UNESCO World Heritage List as one of the most beautiful cities of the Old Continent, with the largest Baroque Old Town in the whole of East-Central Europe.

Užupis is a part of Vilnius City, covering an area of about 0.6 km². It is a relatively enclosed area, separated from the Old Town on three sides by a river and on the other by steep hills. Due to its location, the area is considered one of the most prestigious districts of the city, as it is located at a short distance from the main streets of the Old Town and has a unique landscape: it is bordered by the Vilnius Castles Reserve in the north, the Vilnia River flows along the edge of the area, and the buildings here offer exceptional panoramas of the Old Town. Over the last decade, a number of real estate projects have been carried out in Užupis, where old buildings have been reconstructed or new ones have been constructed, improving the aesthetic appearance of the buildings in the area and adding to the attractiveness of the place. The project under development is located at 30 Polocko St., close to the symbol of Užupis, the Angel Sculpture. The site is located between Užupio Street and the Vilnelė River. The surrounding area is dominated by apartment buildings with various types of commercial premises on the ground floors.

The social infrastructure in the vicinity of the project is well developed: the nearest school is Vilnius Užupio Gymnasium, the nearest pre-school is kindergarten Taškius, the nearest shopping centre is IKI stores. The nearest shopping centre are "IKI" AND "RIMI". There are also pharmacies, cafes, various clinics nearby, and the whole service sector necessary for a comfortable life can be found in the surroundings. It is a strategically convenient place to live, where you can enjoy all the amenities of the Old Town: cultural events, the magnificent architecture of the UNESCO heritage. The distance to the main streets of the Old Town - Didžioji, Pilies, Vokiečių, Vilniaus - is about 800-1500 m, and to Paupis - about 500 m.

The main technical indicators of the project are:

Lot area 1 450 sq. m
General area 2 585 sq. m
Apartment area 1 595 sq. m
Commercial premises area 300 sq. m
Useful area 1 895 sq. m
Car storage and technical rooms 690 sq. m
Number of flats 18 flats
Car storage 24 parking spaces

The accessibility of the property has a significant impact on its attractiveness. The access/egress road infrastructure in the surrounding area (infrastructure of the roads connecting Vilnius to the city) is important for the buyers of the property. There are good connections to other parts of the city by individual transport, as the development is located in the central part of the city. Access to the site is possible via Užupis - Polocko streets. The nearest public transport stops are located at Polocko street, as well as at Užupio, Maironio, Olandų streets. Public transport traffic is regular, with short waiting intervals and a good choice of routes. Public transport links are good.

For more information on the project (see Documents).

We inform you that the employees of UAB Nordstreet (company code 304565690) are investing in this project.

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 22 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2025-04-04

Estimated loan repayment date:* 2027-01-30

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 Pol 30

Company code 307023773

Company registration address

M. Valančiaus g. 7, LT-03158 Vilnius 7 Vilnius Lithuania LT-03158

UAB Pol 30 - company incorporated on 7-11-2024. The main activity of the company is buying and selling of own real estate (EVRK 681000). Other activities: real estate operations for consideration or on a fee or contract basis; rental and operation of own or leased real estate; management consultancy activities. The company may engage in any other activity which is not contrary to the legislation of the Republic of Lithuania. UAB Pol 30 is a special purpose company created for the development of an exclusive prestigious class apartment building with commercial premises and an underground parking lot in Vilnius, Užupis district, 30 Polocko street.

The shareholders of the company are:

UAB Industrial solutions LT (company registration number 300556053) 100% of shares.

Loan protection collateral

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).

Strengths and risks

Strengths:

The first order of real estate pledge - mortgage.
Company guarantee (bill of exchange).
Liquid pledged assets

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 12.00-13.00%.

Threats:

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

Documents

#	File name	File type	Actions
1	UAB Pol 30 įstatai.pdf
2	P-30 planai 1-2-3-4.pdf
3	Išrašai iš RC NTR.pdf
4	Žemės sklypo planas.pdf
5	Vertinimo ataskaita.pdf
6	PIID (5 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 90 000 €

LTV 70 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 22 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Guarantees / surety

Mortgage rank First order mortgage

Amount allocated by project owner 590 000.00 €

Objective of the loan

About the project

The main technical indicators of the project are:

Lot area 1 450 sq. m
General area 2 585 sq. m
Apartment area 1 595 sq. m
Commercial premises area 300 sq. m
Useful area 1 895 sq. m
Car storage and technical rooms 690 sq. m
Number of flats 18 flats
Car storage 24 parking spaces

For more information on the project (see Documents).

We inform you that the employees of UAB Nordstreet (company code 304565690) are investing in this project.

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 22 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2025-04-04

Estimated loan repayment date:* 2027-01-30

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

2024-11-05

Assessor

UAB „Centro kubas – Nekilnojamasis turtas“

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.

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).

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.

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).

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