Projects list

Ukmerges st. 18A, Kaunas, Lithuania (refinancing)

Project finished

Amount of funding 240 000 €

LTV 68%

Annual interest rate 13.00% - 14.00%

Total expected project return 14.08% - 15.16%

Loan period

13 mo.

Risk

C (higher)

Purpose of the loan

Development loan

Collateral Real estate pledge

Country

Lithuania

Investors 267

Raised:
240 000 € Goal:
240 000 €

100.00%

Project updates

Period paid

2023-07-31

The debtor has paid interest for the period 2023-07-26. Payment delay days: 5.

Loan repaid

2023-07-29

The debtor has repaid the loan. Duration of loan 330 d.

Period paid

2023-07-28

The debtor has paid interest for the period 2023-07-26.

Period paid

2023-07-13

The debtor has paid interest for the period 2023-07-15.

Period paid

2023-06-20

The debtor has paid interest for the period 2023-06-15. Payment delay days: 4.

Information update

2023-06-20

We inform you that the borrower has found a buyer of the mortgaged property with whom a preliminary purchase and sale agreement has been concluded. Full settlement is planned for August 15. Best regards, Nordstreet team.

Reminder about the upcoming deadline

2023-06-15

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-05-17

The debtor has paid interest for the period 2023-05-15.

Information update

2023-05-17

Please be informed that a new settlement agreement has been concluded with the Borrower under which the Borrower will pay the interest on the loan according to the following payment schedule: 15-05-2023; 15-06-2023; 15-07-2023; 15-08-2023; 15-09-2023. The period of 15-05-2023 has already been paid without any delay and will be paid to the investor today. The Borrower will pay the full amount of the loan and the interest accrued from the first day of delay until the conclusion of the Settlement Agreement on 15/09/2023. An increased interest rate of 15% per annum is applicable for the period of the new peace agreement. The peace agreement is concluded because there is a potential buyer for the mortgaged property with whom a preliminary sale and purchase agreement will be concluded in the near future, which has been confirmed to us by the potential buyer. In this set of circumstances, in our view, the initiation of foreclosure would not be an appropriate solution to the relationship, either from the investors' or the borrower's side. Regards, Nordstreet team.

Reminder about the upcoming deadline

2023-05-10

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-05-02

The debtor has paid interest for the period 2023-04-10. Payment delay days: 18.

Reminder about the upcoming deadline

2023-04-10

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-03-15

The debtor has paid interest for the period 2023-03-10. Payment delay days: 4.

Reminder about the upcoming deadline

2023-03-10

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-03-01

The debtor has paid interest for the period 2023-02-10.

Information update

2023-02-23

A settlement agreement was concluded with the borrower, according to which the borrower will pay the loan interest according to the following payment schedule: 02/10/2023; 10/03/2023; 10/04/2023. The borrower will pay the entire amount of the loan and interest accrued from the first day of delay until the conclusion of the settlement agreement on 10.05.2023. For now, due to technical obstacles, it is not possible to form a settlement agreement in the system, the IT team is working to establish a payment schedule as soon as possible. We have received the payment for 02/10/2023 and we will pay it to the investors as soon as the settlement agreement payment schedule is formed. Thank you for your understanding.

The loan has been submitted for recovery

2023-01-27

The agreement was terminated. Initiation of forced execution through the bailiff.

The loan has been submitted for recovery

2023-01-27

The agreement was terminated. Initiation of forced execution through the bailiff.

Notification of breach of payment obligation

2023-01-25

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2023-01-15

A reminder of breach of payment was sent to the Debtor

Possible period delay

2022-12-30

The debtor has informed you of the possible delay in interest payment.

Notification of breach of payment obligation

2022-12-25

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2022-12-24

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-11-29

The debtor has paid interest for the period 2022-12-01.

Period paid

2022-10-31

The debtor has paid interest for the period 2022-11-01.

Period paid

2022-09-28

The debtor has paid interest for the period 2022-10-01.

Business loan terms

About the loan

Purpose of the loan Real estate development

Amount of funding 240 000 €

LTV 68 %

Risk C (higher)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan repayment postponement 4

Loan period 13 mo.

Minimum loan period 2 mo.

Collateral

Real estate pledge

Guarantees / surety

Mortgage rank First order mortgage

The need for financing is an amount of 240,000 €, which can be be allocated for refinancing existing loan obligations on the Nordstreet platform and working capital to strengthen the company’s flow.

The borrower is waiting for a building permit. The building permit should be obtained in August. It is planned to sell the real estate after receiving the permit. There are already several potential buyers.

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 13 %
Investing from 500.00 € - fixed interest 13.25 %
Investing from 1 500.00 € - fixed interest 13.5 %
Investing from 3 000.00 € - fixed interest 13.75 %
Investing from 9 000.00 € - fixed interest 14 %

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 13 mo.

Minimum loan period 2 mo.

Loan repayment At the end of the loan period

Loan repayment postponement 4

Estimated start date of the loan:* 2022-09-01

Estimated loan repayment date:* 2023-09-15

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 Skiltus

Company code 305777319

Company registration address

Skiltus LTD - is a new company and was found solely for development of residential real estate in Ukmerges st. 18A, Kaunas. Company has experienced team in residential and commercial real estate development.

Mr. Audrius Petrėtis – UAB Mitnija project manager (10 years), projects 5-15 M EUR. UAB Conresta statybos, position - Director (3 years), 70 mln. EUR portfolio of real estate development projects. Licence – Special real estate construction executive No. 37489.

Mr. Albertas Drūlia - UAB Mitnija project engineer – 3 years of real estate project managing experience. Projects – 5-10 MEur. AB Palemono keramikos factory, position Deputy Director for construction and development. 7 years of experience in production of construction materials, managed infrastructure of 45 000m2. Licence - Special real estate contruction executive No. 32961. „BREEAM NEW CONSTRUCTION“ licensed valuator.

Loan protection collateral

Loan collateral:

Pledged first real estate mortgage property:

Land plot, unique No. 4400-0591-0216, address: Ukmerges st. 18A, Kaunas, Lithuania, area 0.2814 ha.

Value of pledged assets: 351 000 EUR.

A new property valuation report has been received. The value of the mortgaged property is 387,000 euros.

Additional collateral: company guarantee (bill of exchange) - EUR 360 000 amount.

Location

Eiguliai district. The plot is situated in a quit and peaceful place, a bit aside from the main Eguliai district streets. Currently, the land plot is being used as a recreational and most of the land plot area is covered by trees and grass. The land plot is clean, that no buildings on it. Nearby there are shops, kinder gardens, schools, and retail and commercial companies. It has a great connectivity with a center of Kaunas, medical and care facilities, highway A1. The land plot has all communications nearby ready to connect. Eiguliai district situated in economic zone territory.

Strengths and risks

Strengths:

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

Weaknesses:

The borrower has been operating for less than two years.
Borrower 's activities are in a competitive sector.
The LTV rate of the project is high.
The borrower failed to complete the project on time.

Possibilities:

The annual interest rate payable by the borrower is 13.00-14.00%.

Threats:

Uncertain economic situation.
Property is in development stage.
Loan refinancing.
Rising cost of building materials.

Documents

#	File name	File type	Actions
1	Vertinimas.pdf
2	Vertinimas naujas 08.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 240 000 €

LTV 68 %

Risk C (higher)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan repayment postponement 4

Loan period 13 mo.

Minimum loan period 2 mo.

Collateral

Real estate pledge

Guarantees / surety

Mortgage rank First order mortgage

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 13 %
Investing from 500.00 € - fixed interest 13.25 %
Investing from 1 500.00 € - fixed interest 13.5 %
Investing from 3 000.00 € - fixed interest 13.75 %
Investing from 9 000.00 € - fixed interest 14 %

Loan term and repayment

Loan period 13 mo.

Minimum loan period 2 mo.

Loan repayment At the end of the loan period

Loan repayment postponement 4

Estimated start date of the loan:* 2022-09-01

Estimated loan repayment date:* 2023-09-15

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

Other

Mortgage rank

First order mortgage

LTV

68%

Documentation

Asset Valuation Report

Report preparation date

2022-08-22

Assessor

UAB „Inreal“

Loan collateral:

Pledged first real estate mortgage property:

Land plot, unique No. 4400-0591-0216, address: Ukmerges st. 18A, Kaunas, Lithuania, area 0.2814 ha.

Value of pledged assets: 351 000 EUR.

A new property valuation report has been received. The value of the mortgaged property is 387,000 euros.

Additional collateral: company guarantee (bill of exchange) - EUR 360 000 amount.

Location

Project updates

Period paid

2023-07-31

The debtor has paid interest for the period 2023-07-26. Payment delay days: 5.

Loan repaid

2023-07-29

The debtor has repaid the loan. Duration of loan 330 d.

Period paid

2023-07-28

The debtor has paid interest for the period 2023-07-26.

Period paid

2023-07-13

The debtor has paid interest for the period 2023-07-15.

Period paid

2023-06-20

The debtor has paid interest for the period 2023-06-15. Payment delay days: 4.

Information update

2023-06-20

Reminder about the upcoming deadline

2023-06-15

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-05-17

The debtor has paid interest for the period 2023-05-15.

Information update

2023-05-17

Reminder about the upcoming deadline

2023-05-10

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-05-02

The debtor has paid interest for the period 2023-04-10. Payment delay days: 18.

Reminder about the upcoming deadline

2023-04-10

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-03-15

The debtor has paid interest for the period 2023-03-10. Payment delay days: 4.

Reminder about the upcoming deadline

2023-03-10

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2023-03-01

The debtor has paid interest for the period 2023-02-10.

Information update

2023-02-23

The loan has been submitted for recovery

2023-01-27

The agreement was terminated. Initiation of forced execution through the bailiff.

The loan has been submitted for recovery

2023-01-27

The agreement was terminated. Initiation of forced execution through the bailiff.

Notification of breach of payment obligation

2023-01-25

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2023-01-15

A reminder of breach of payment was sent to the Debtor

Possible period delay

2022-12-30

The debtor has informed you of the possible delay in interest payment.

Notification of breach of payment obligation

2022-12-25

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2022-12-24

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-11-29

The debtor has paid interest for the period 2022-12-01.

Period paid

2022-10-31

The debtor has paid interest for the period 2022-11-01.

Period paid

2022-09-28

The debtor has paid interest for the period 2022-10-01.

Latest loans

With Nordstreet everyone can become an investor! Register now and start investing!

Waiting for investments

2 MW solar power park Narvydžių vil., Skuodo d., Lithuania (2 stage)

Raised:
2 250 € Goal:
50 000 €

4.5%

Annual interest rate
14% - 15%
Investors 13
LTV 60%
Risk group C (higher)
Months 12
Collateral Real estate pledge

Details Invest

Waiting for investments

P. Vileišio st. 18A-19, 20, 21, Vilnius, Lithuania (2 stage)

Raised:
57 706 € Goal:
70 000 €

82.43%

Annual interest rate
12% - 13%
Investors 120
LTV 60%
Risk group B (medium)
Months 12
Collateral Real estate pledge

Details Invest

Waiting for investments

Lubānas st. 133A, Riga, Latvia (5 stage)

Raised:
31 393 € Goal:
64 260 €

48.85%

Annual interest rate
12% - 13.5%
Investors 63
LTV 60%
Risk group B (medium)
Months 11
Collateral Real estate pledge

Details Invest

Waiting for investments

Bistryčios st. 27, Vilnius, Lithuania (1 stage)

Raised:
28 023 € Goal:
100 000 €

28.02%

Annual interest rate
11% - 12%
Investors 75
LTV 60%
Risk group B (medium)
Months 18
Collateral Real estate pledge

Details Invest

Waiting for investments

Business loan #00342

Raised:
6 248 € Goal:
15 000 €

41.65%

Annual interest rate
14% - 14%
Investors 20
LTV 0%
Risk group B (medium)
Months 24
Collateral Guarantees / surety

Details Invest

Fully invested

Teatra str. 9, Jurmala, Latvia

Raised:
283 200 € Goal:
283 200 €

100%

Annual interest rate
13% - 14%
Investors 138
LTV 31%
Risk group B (medium)
Months 24
Collateral Real estate pledge

Details

All projects

Need a Business Development Loan?

Grow your business faster! Getting a business loan secured through mortgage is much easier and faster with Nordstreet.

Why apply to Nordstreet for a business loan?

Advertising and comfortable returns
Speed and your choice when to return the loan
Competence and simplicity

Learn more

Ukmerges st. 18A, Kaunas, Lithuania (refinancing)

About the loan

Investment from 100.00 €.

Interest

Annual interest rate

Loan term and repayment

Strengths:

Weaknesses:

Possibilities:

Threats:

Nordstreet takes the following measures to ensure a safer investment:

About the loan

Investment from 100.00 €.

Interest

Annual interest rate

Loan term and repayment

Loan protection collateral

Debtor

Strengths and risks

Strengths:

Weaknesses:

Possibilities:

Threats:

Documents

Nordstreet takes the following measures to ensure a safer investment:

Project updates

Secondary market

Latest loans

2 MW solar power park Narvydžių vil., Skuodo d., Lithuania (2 stage)

P. Vileišio st. 18A-19, 20, 21, Vilnius, Lithuania (2 stage)

Lubānas st. 133A, Riga, Latvia (5 stage)

Bistryčios st. 27, Vilnius, Lithuania (1 stage)

Business loan #00342

Teatra str. 9, Jurmala, Latvia

Need a Business Development Loan?

News

Join the Nordstreet investor community!

Ukmerges st. 18A, Kaunas, Lithuania (refinancing)

Please register or sign in to access this information.

About the loan

Investment from 100.00 €.

Interest

Annual interest rate

Loan term and repayment

Strengths:

Weaknesses:

Possibilities:

Threats:

Nordstreet takes the following measures to ensure a safer investment:

Please register or sign in to access this information.

About the loan

Investment from 100.00 €.

Interest

Annual interest rate

Loan term and repayment

Loan protection collateral

Debtor

Strengths and risks

Strengths:

Weaknesses:

Possibilities:

Threats:

Documents

Nordstreet takes the following measures to ensure a safer investment:

Project updates

Secondary market

Latest loans

2 MW solar power park Narvydžių vil., Skuodo d., Lithuania (2 stage)

P. Vileišio st. 18A-19, 20, 21, Vilnius, Lithuania (2 stage)

Lubānas st. 133A, Riga, Latvia (5 stage)

Bistryčios st. 27, Vilnius, Lithuania (1 stage)

Business loan #00342

Teatra str. 9, Jurmala, Latvia

Need a Business Development Loan?

News

Join the Nordstreet investor community!