We are supervised by
Ukmergės st. 326, Vilnius, Lithuania (8 stage)
Amount of funding
100 000 €
LTV
60%
Annual interest rate
12.00% - 13.00%
Total expected project return
8.00% - 8.66%
Loan period
8 mo.
Risk
B (medium)
Purpose of the loan
Development loan
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
208
Raised:
100 000 € Goal:
100 000 €
100 000 € Goal:
100 000 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | Išrašas iš NT registro.pdf |
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| 2 | Dangų bei aukštų planai.pdf |
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| 3 | Naudojimosi žemės sklypu tvarka.pdf |
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| 4 | LS.pdf |
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| 5 | Istatai.pdf |
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| 6 | UAB_Industrial_solutions_LT_Vilnius_Ukmerges_g_326_A-24-03-12-A84.pdf |
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| 7 | PIID (Ukmergės 8 etapas).pdf |
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About the loan
Purpose of the loan
Real estate development
Amount of funding
100 000 €
LTV
60 %
Risk
B (medium)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
8 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
First order mortgage
Amount allocated by project owner
541 500.00 €
Purpose of the loan
The borrower has been granted a total loan of EUR 388,800 for this project in 4 stages. The borrower needs an additional 9-month term for the implementation of the project, therefore the refinancing of the existing loan, which expires on 06/12/2024, is announced in stages, thus the borrower will use the loan for an additional 9-month term.
A loan of EUR 1,176,000 is required to finance the entire project, which is divided into phases. Initially, the existing loan will be refinanced in stages (a total of EUR 388,800), then additional financing stages will be announced (a total of EUR 787,200). The borrower, after receiving the construction permit document and having completed part of the work, revalued the object (asset valuation report dated 03/12/2024) and determined the current market value of the land plot - EUR 548,000 + VAT and the future market value of the property - EUR 1,961,157 + VAT. In view of this, the Borrower applied for full project financing, which will amount to EUR 1,176,000, while maintaining the same ratio of asset value to loan (60%), which will be calculated based on the future asset value in accordance with clauses 44-45 of the Rules for Assessing the Reliability of Project Owners, i.e. in accordance with the established ratio, financing the completed works, which are/will be formalized in the prescribed manner by signed acts of completed works and VAT invoices.
The loan funds of the first 3 stages were used for real estate, part of the land plot in Ukmergės str. 326, in Vilnius, aquisition and the funds of the 4th and subsequent stages will be used for the development of the project. The borrower plans to build 992 sq. m commercial building and rent it. The loan will be repaid by refinancing it in another financial institution, when the borrower will complete all the construction and contracting works, receive the final deed of the construction works and, based on it, register the 100% completion of the building at the VĮ Registrų centras.
About the project
Investment project - development of the commercial building at Ukmergės st. 326, Vilnius. The area of the land plot - 1997 square meters. The total area of the planned building is 992 square meters.
The project is located in the northern part of Vilnius, where intensive development of real estate projects (both commercial and residential) is taking place. The plot is located next to Ukmergės street, near which there are many different commercial facilities - store-warehouse DEPO, shopping center Maxima XXX, NORFA, LIDL, BIG, Topo centras, PROMO Cash&Carry, Senukai, "Vokė III" and other shops, various car showrooms and auto centers. Nearby are the business centers "One" (Ukmergės st. 322) and "Trio" (Perkūnkiemio st. 3, 5, 7), as well as the block of apartment buildings "Eitminų namai" (Eitminų st. 15, 17, 21). On the other side of Ukmergės street is the "DEPO Fabijoniškės" shopping center (Ukmergės st. 373), on the same plot (plot part A2) a new "Švaros broliai" tunnel car wash was built.
The social infrastructure is fully developed around the project - there are kindergartens, schools, grocery stores, cafes and other trade and service facilities within a short distance.
Communication with Vilnius city center is good, convenient access (asphalted roads, direct access from Ukmergės street), short distance to Vilnius city center (about 5.7 km), object visibility is ensured, which is especially important for commercial objects, public transport is nearby and other commercial attractions. The property is part of the commercial plots segment.
We inform you that the employees of UAB Nordstreet (company code 304565690) are investing in this project.
More about 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 5 000.00 € - fixed interest 12.5 %
- Investing from 10 000.00 € - fixed interest 12.75 %
- Investing from 15 000.00 € - 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
8 mo.
Minimum loan period
0 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2024-08-13
Estimated loan repayment date:*
2025-03-17
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
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Annual interest rate
13% - 14%
- Investors 138
- LTV 31%
- Risk group B (medium)
- Months 24
- Collateral Real estate pledge
Latvia
Fully invested
The status indicates that the necessary funds have been raised to finance the loan, but the transaction has not yet taken place and is currently in the process of fulfilling the loan disbursement conditions (mortgage etc). At this
stage, the interest does not count. Interest starts to run after the loan is paid to the debtor and the project
status changes to "Processing". By default, fulfillment takes 2-3 weeks.
Teatra str. 9, Jurmala, Latvia
Raised:
283 200 € Goal:
283 200 €
283 200 € Goal:
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100%
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