Projects list

Rožių st. 74, Panevėžys, Lithuania (2 stage)

Waiting for investments

Amount of funding 50 000 €

LTV 49%

Annual interest rate 13.00%

Total expected project return 24.91%

Loan period

23 mo.

Risk

B (medium)

Purpose of the loan

Development loan

Collateral Real estate pledge

Country

Lithuania

Investors 34

Raised:
11 063 € Goal:
50 000 €

22.13%

How much will I earn if I invest:

Investment size

100.00 €

38 937.00 €

13%

With this project in one month I will earn

€

After 12 months I will earn

€

After 23 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 50 000 €

LTV 49 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 23 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Guarantees / surety

Mortgage rank First order mortgage

Amount allocated by project owner 256 000.00 €

Purpose of the loan

An amount of EUR 250,000 is required for financing, which will be collected in five stages. UAB Prekybos centras "Puriena", using the loan funds, will carry out the renovation and other real estate improvements of the shopping center owned by the company, located at 74 Rožių St., Panevėžys. The loan will be repaid by refinancing it in another financial institution or from the proceeds of the sale of the renovated property. The amount that the project owner himself allocates to the project is EUR 256,000.

About the project

Prekybos centras "Puriena" UAB owns the shopping center at Rožių st. 74, Panevėžys city. The object consists of two non-residential premises - shops (total area 912.52 sq. m, unfinished reconstruction), farm building (built-up area 55 sq. m), yard structures (yard fence, yard lot) and 0.2592 ha of commercial land plot, 1217/2592 part of which is owned by the company, and the remaining 1375/2592 part is leased from the state until 03/30/2098.

A business object forms a complete whole. In the opinion of the property appraiser, the purpose of the property corresponds to the current use, and the alternative use is inappropriate. The plot of land has electricity, city water and sewage connections. The condition of the plot of land: the paths are paved with concrete blocks, fenced.

The building is brick, built in 1987, reconstructed in 2004-2005. The reconstruction is not finished (completion 79%). The main purpose of the premises (shops) is trade. The premises are spread over one first floor.

Building structures: foundations - concrete, walls - brickwork, roof - plastered, covered with ruberoid coating. Windows - plastic frames with glass units. Communications and engineering equipment: electrical input, city water and sewage inputs. Interior decoration of the premises: floor - tiles, walls - painted / tiles / without decoration, ceiling - painted. Repairs have started (the old finishing materials are being dismantled).

More about the project (see Documents).

Investment from 50.00 €.

Interest

Annual interest rate

Investing from 50.00 € - 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 23 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2024-11-14

Estimated loan repayment date:* 2026-10-14

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 LTD Prekybos centras "Puriena"

Company code 268413210

Company registration address

Rožių g.74 37463 Panevėžys Lietuva 37463

UAB Prekybos centras "Puriena" - the company was founded on 12/29/1990 and previously operated as an individual company. In 2022, the legal form of this legal entity was changed to UAB (closed joint stock company). The company's authorized capital is EUR 600,000. The company has one shareholder (natural person). UAB Prekybos centras "Puriena" owns real estate: a shopping center located at 74 Rožių st., Panevėžys (the address of the company's headquarters is also registered in this building). The only UAB Prekybos centras "Puriena" "activity - real estate rental and real estate trade.

The shareholder of the company is 100% Gabrielė Grafman.

Loan protection collateral

Loan collateral:

The property at the address Rožių st. 74, Panevėžys, Lithuania is pledged as a first-line mortgage:

1217/2592 part of the land plot, the unique No. 4400-0028-1680, address Rožių str. 74, Panevėžys, market value EUR 18,000;
Non-residential premises - shop with a unique No. 4400-0566-1810:6061, address Rožių str. 74, Panevėžys, market value EUR 242,500;
Non-residential premises - shop with a unique No. 4400-0566-2028:6062, address Rožių st. 74, Panevėžys, market value EUR 242,500;
Building – farm building, whose unique No. 2798-7007-6026, address Rožių st. 74, Panevėžys, market value EUR 2,300;
Other engineering structures - yard structures with unique no. 2798-7007-6037, address Rožių st. 74, Panevėžys, market value 699 EUR;
Lease right to 1375/2592 parts of the land plot, the unique No. 4400-0028-1680, address Rožių str. 74, Panevėžys, market value 1 EUR and which is rented from the state.

Value of mortgaged property: 506,000 euros.

Additional security measures:

Company guarantee (promissory note);
Guarantee of shareholder Gabrielė Grafman.

Description of the mortgaged property

The premises located in the private and state-leased parts of the plot of land are shops with other buildings in the yard, at the address Rožių st. 74, Panevėžys (last 3 photos). The location of the property, its layout, structural elements of the buildings, and its installation ensure that the use of the property is maximal and the best, alternative use is inappropriate.

The property is located on Rožių st. 74, Panevėžys, Rožių street is located in the northern part of the city, in the residential micro-district of Rožynas. From the city center, the area can be reached by driving along Smėlynė street and it intersects with Rožių street.

The property is located in a prominent location, next to the street, access is convenient and good (on asphalted streets). The object is surrounded by a block of low-rise residential houses. The property has electricity, city water and sewage connections. The well-being of the plot of land: the tracks are paved with concrete blocks, fenced.

The premises are located on one (first) floor, the total area is 912.52 square meters. Building structures: foundations - concrete, walls - brickwork, roof - plastered, covered with ruberoid coating. Windows - plastic frames with glass units. Communications and engineering equipment: electrical input and installation, local central heating system (disconnected), city water and sewage inputs and pipelines. Interior decoration of the premises: floor - tiles, cardboard panels, linoleum, walls - paint, tiles, plastic paneling, ceiling - plastic paneling. Needs repair.

For more details (see Documentation).

Strengths and risks

Strengths:

Company guarantee (bill of exchange) and its shareholder guarantee.
The borrower made payments on time and without delay. (current loan at Nordstreet)
The first order of real estate pledge - mortgage.
The project is near the end.

Weaknesses:

Borrower 's activities are in a competitive sector.
The company is operating at a loss.

Possibilities:

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

Threats:

Uncertain economic situation.
Rising cost of building materials.

Documents

#	File name	File type	Actions
1	2024-07-09 Įstatai.pdf
2	RC - UAB Prekybos centras Puriena - Parduotuvė, ŪP, KS Panevėžys, Rožių g. 74 neįkeista.pdf
3	RC - UAB Prekybos centras Puriena - dalis ŽS Panevėžys, Rožių g. 74 neįkeista.pdf
4	RC - UAB Prekybos centras Puriena - Parduotuvės patalpa Nr. 1 Panevėžys, Rožių g. 74 neįkeista.pdf
5	RC - UAB Prekybos centras Puriena - Parduotuvės patalpa Nr. 2 Panevėžys, Rožių g. 74 neįkeista.pdf
6	Vertinimo ataskaita.pdf
7	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 Real estate development

Amount of funding 50 000 €

LTV 49 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 23 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Guarantees / surety

Mortgage rank First order mortgage

Amount allocated by project owner 256 000.00 €

Purpose of the loan

About the project

More about the project (see Documents).

Investment from 50.00 €.

Interest

Annual interest rate

Investing from 50.00 € - fixed interest 13 %

Loan term and repayment

Loan period 23 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2024-11-14

Estimated loan repayment date:* 2026-10-14

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

Commercial

Mortgage rank

First order mortgage

LTV

49%

Documentation

Asset Valuation Report

Report preparation date

2024-09-11

Assessor

UAB "Inreal"

Loan collateral:

The property at the address Rožių st. 74, Panevėžys, Lithuania is pledged as a first-line mortgage:

1217/2592 part of the land plot, the unique No. 4400-0028-1680, address Rožių str. 74, Panevėžys, market value EUR 18,000;
Non-residential premises - shop with a unique No. 4400-0566-1810:6061, address Rožių str. 74, Panevėžys, market value EUR 242,500;
Non-residential premises - shop with a unique No. 4400-0566-2028:6062, address Rožių st. 74, Panevėžys, market value EUR 242,500;
Building – farm building, whose unique No. 2798-7007-6026, address Rožių st. 74, Panevėžys, market value EUR 2,300;
Other engineering structures - yard structures with unique no. 2798-7007-6037, address Rožių st. 74, Panevėžys, market value 699 EUR;
Lease right to 1375/2592 parts of the land plot, the unique No. 4400-0028-1680, address Rožių str. 74, Panevėžys, market value 1 EUR and which is rented from the state.

Value of mortgaged property: 506,000 euros.

Additional security measures:

Company guarantee (promissory note);
Guarantee of shareholder Gabrielė Grafman.

Description of the mortgaged property

For more details (see Documentation).

Documents

#	File name	File type	Actions
1	2024-07-09 Įstatai.pdf
2	RC - UAB Prekybos centras Puriena - Parduotuvė, ŪP, KS Panevėžys, Rožių g. 74 neįkeista.pdf
3	RC - UAB Prekybos centras Puriena - dalis ŽS Panevėžys, Rožių g. 74 neįkeista.pdf
4	RC - UAB Prekybos centras Puriena - Parduotuvės patalpa Nr. 1 Panevėžys, Rožių g. 74 neįkeista.pdf
5	RC - UAB Prekybos centras Puriena - Parduotuvės patalpa Nr. 2 Panevėžys, Rožių g. 74 neįkeista.pdf
6	Vertinimo ataskaita.pdf
7	PIID (2 etapas).pdf

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