Projects list

Ukmerges st. 18A, Kaunas, Lithuania

Project finished

Amount of funding 210 000 €

LTV 75%

Annual interest rate 11.50% - 12.75%

Total expected project return 11.49% - 12.75%

Loan period

12 mo.

Risk

D (high)

Purpose of the loan

Development loan

Collateral Real estate pledge

Country

Lithuania

Investors 108

Raised:
210 000 € Goal:
210 000 €

100.00%

Project updates

Possible loan repay delay

2023-04-15

The debtor has informed of a possible delay in repaying the loan.

Information update

2022-09-06

During cooperation with the borrower on refinancing, a situation arose when, following the principles of efficiency and mutual cooperation, it was decided to benevolently reduce the amount of compensatory interest. Nordstreet, representing the interests of the investors, waived all of its share of the amount receivable in the administration of compensatory interest in the name of the fact that a responsible and exemplary borrower would refinance the loan to Nordstreet and allow the investors of this platform to earn additional interest. It is important to mention that these actions were taken in a rather intense economic situation, with the perspective that all parties would have all the opportunities to pay and recover the necessary funds with additional benefits.

Period paid

2022-09-01

The debtor has paid interest for the period 2022-07-02. Payment delay days: 10.

Update of information on loan delays

2022-08-22

Communication with the debtor is in progress. A solution is sought to pay the overdue amount. We would also like to remind you that late interest is charged for each day of delay.

Notification of breach of payment obligation

2022-08-16

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2022-08-09

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2022-08-03

A reminder of breach of payment was sent to the Debtor

Possible period delay

2022-07-18

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

Notification of breach of payment obligation

2022-07-16

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2022-07-09

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2022-07-03

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2022-07-02

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-06-14

The debtor has paid interest for the period 2022-06-16.

Period paid

2022-05-12

The debtor has paid interest for the period 2022-05-16.

Period paid

2022-04-13

The debtor has paid interest for the period 2022-04-16.

Period paid

2022-03-17

The debtor has paid interest for the period 2022-03-16.

Reminder about the upcoming deadline

2022-03-16

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-02-14

The debtor has paid interest for the period 2022-02-16.

Period paid

2022-01-12

The debtor has paid interest for the period 2022-01-16.

Period paid

2021-12-15

The debtor has paid interest for the period 2021-12-16.

Period paid

2021-11-18

The debtor has paid interest for the period 2021-11-16.

Possible period delay

2021-11-17

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

Notification of breach of payment obligation

2021-11-17

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2021-11-16

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-10-12

The debtor has paid interest for the period 2021-10-16.

Period paid

2021-09-14

The debtor has paid interest for the period 2021-09-16.

Period paid

2021-08-13

The debtor has paid interest for the period 2021-08-16.

Business loan terms

About the loan

Purpose of the loan Real estate development

Amount of funding 210 000 €

LTV 75 %

Risk D (high)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 12 mo.

Minimum loan period 3 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Purpose of the Loan: The acquisition and development of a land plot, address Ukmergės st. 18A, Kaunas, Lithuania total area 0,2814 hectares, I/d. 4400-0591-0216, purpose of the land plot – Residential. The loan will be returned from sales revenue of real estate or refinancing the loan.

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 11.5 %
Investing from 1 500.00 € - fixed interest 11.75 %
Investing from 3 000.00 € - fixed interest 12 %
Investing from 5 000.00 € - fixed interest 12.25 %
Investing from 10 000.00 € - fixed interest 12.5 %
Investing from 20 000.00 € - fixed interest 12.75 %

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 12 mo.

Minimum loan period 3 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2021-07-16

Estimated loan repayment date:* 2022-07-02

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 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

The Place

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.

Project technical measurements

6 store residential building with underground parking

55 flats, 57 parking places

Land plot - 0,2814 hectares

Land plot coverage - 766 m2

Land plot coverage - 28%

Land plot intensity - 107 % (Main city plan allows up to 120%)

Total building size - 3000 m2

Projected costs

Cost of construction 850 EUR/m2, overall costs - 1135,27 EUR/m2. Overall space 4500 sq.m., Sellable space - 2 683 sq./m. Overall space vs sellable space - 89,43 %.

Projected income

Projected flat price 1322,31 EUR/sq.m. excluding VAT, 1600 EUR including VAT/sq.m. Parking lot price per unit - 12 000 EUR. Overall flat projected income - 3547 768,8 EUR excluding VAT, parkings - 565289,26 EUR, Total - 4113057 EUR excluding VAT.

Strengths and risks

SWOT analysis of the project beneficiary:

Stenghts - First line land plot mortgage, huge expierence in real estate development

Weaknesses - Project is evolving, borrowers company is new.

Opportunities - The borrower's expected average annual interest rate payable is 11,5 - 13,5%.

Threats - Uncertain economic situation, price are increasing of construction materials

Documents

#	File name	File type	Actions
1	Ukmerges g 18a Kaunas turto vertinimas.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 210 000 €

LTV 75 %

Risk D (high)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 12 mo.

Minimum loan period 3 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Investment from 100.00 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 11.5 %
Investing from 1 500.00 € - fixed interest 11.75 %
Investing from 3 000.00 € - fixed interest 12 %
Investing from 5 000.00 € - fixed interest 12.25 %
Investing from 10 000.00 € - fixed interest 12.5 %
Investing from 20 000.00 € - fixed interest 12.75 %

Loan term and repayment

Loan period 12 mo.

Minimum loan period 3 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2021-07-16

Estimated loan repayment date:* 2022-07-02

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

Property type

Residential

Mortgage rank

First order mortgage

LTV

75%

Documentation

Asset Valuation Report

Report preparation date

2021-05-12

Assessor

UAB Newsec Valuations

The Place

Project technical measurements

6 store residential building with underground parking

55 flats, 57 parking places

Land plot - 0,2814 hectares

Land plot coverage - 766 m2

Land plot coverage - 28%

Land plot intensity - 107 % (Main city plan allows up to 120%)

Total building size - 3000 m2

Projected costs

Cost of construction 850 EUR/m2, overall costs - 1135,27 EUR/m2. Overall space 4500 sq.m., Sellable space - 2 683 sq./m. Overall space vs sellable space - 89,43 %.

Projected income

Project updates

Possible loan repay delay

2023-04-15

The debtor has informed of a possible delay in repaying the loan.

Information update

2022-09-06

Period paid

2022-09-01

The debtor has paid interest for the period 2022-07-02. Payment delay days: 10.

Update of information on loan delays

2022-08-22

Communication with the debtor is in progress. A solution is sought to pay the overdue amount. We would also like to remind you that late interest is charged for each day of delay.

Notification of breach of payment obligation

2022-08-16

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2022-08-09

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2022-08-03

A reminder of breach of payment was sent to the Debtor

Possible period delay

2022-07-18

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

Notification of breach of payment obligation

2022-07-16

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2022-07-09

A reminder of breach of payment was sent to the Debtor

Notification of breach of payment obligation

2022-07-03

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2022-07-02

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-06-14

The debtor has paid interest for the period 2022-06-16.

Period paid

2022-05-12

The debtor has paid interest for the period 2022-05-16.

Period paid

2022-04-13

The debtor has paid interest for the period 2022-04-16.

Period paid

2022-03-17

The debtor has paid interest for the period 2022-03-16.

Reminder about the upcoming deadline

2022-03-16

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2022-02-14

The debtor has paid interest for the period 2022-02-16.

Period paid

2022-01-12

The debtor has paid interest for the period 2022-01-16.

Period paid

2021-12-15

The debtor has paid interest for the period 2021-12-16.

Period paid

2021-11-18

The debtor has paid interest for the period 2021-11-16.

Possible period delay

2021-11-17

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

Notification of breach of payment obligation

2021-11-17

A reminder of breach of payment was sent to the Debtor

Reminder about the upcoming deadline

2021-11-16

Debtor sent a reminder about the upcoming deadline for payment

Period paid

2021-10-12

The debtor has paid interest for the period 2021-10-16.

Period paid

2021-09-14

The debtor has paid interest for the period 2021-09-16.

Period paid

2021-08-13

The debtor has paid interest for the period 2021-08-16.

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Ukmerges st. 18A, Kaunas, Lithuania

About the loan

Investment from 100.00 €.

Interest

Annual interest rate

Loan term and repayment

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

Documents

Nordstreet takes the following measures to ensure a safer investment:

Project updates

Secondary market

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Ukmerges st. 18A, Kaunas, Lithuania

Please register or sign in to access this information.

About the loan

Investment from 100.00 €.

Interest

Annual interest rate

Loan term and repayment

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

Documents

Nordstreet takes the following measures to ensure a safer investment:

Project updates

Secondary market

Latest loans

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

Business loan #00342

Teatra str. 9, Jurmala, Latvia

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