Projects list

V. A. Graičiūno st. 22-406/407/413, Vilnius, Lithuania (2 stage)

Fully invested

Amount of funding 45 000 €

LTV 43%

Annual interest rate 11.00% - 12.00%

Total expected project return 22.00% - 24.00%

Loan period

24 mo.

Risk

A (low)

Purpose of the loan

Investment loan

Collateral Real estate pledge

Country

Lithuania

Investors 54

Raised:
45 000 € Goal:
45 000 €

100.00%

Business loan terms

About the loan

Purpose of the loan Investment loan

Amount of funding 45 000 €

LTV 43 %

Risk A (low)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 24 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Amount allocated by project owner 5 000.00 €

Purpose of the loan

Funding requires an amount of EUR 65,000, which is collected in two stages. The borrower provides long-term and short-term accommodation services for employees and workers coming to work in Vilnius. The loan funds will be used to adapt the new real estate project to the services provided by the company. The loan will be repaid by refinancing it in another financial institution or from the proceeds of the company's activities or the sale of real estate. The amount that the project owner himself allocates to this project is EUR 5,000.

About property

The property consists of three flats (see the Loan collateral section for a description of the property). The building was built in 1980, the repair works were completed in 2021. Building and apartment completion - 100%.

The apartments are located in a four-story, brick-masonry administrative building, part of which is equipped with residential premises - apartments. The building also has common use rooms, which consist of common use corridors, kitchens, bathrooms. The year of construction of the building is 1980, the year of ordinary repair is 2013-2021. Energy efficiency class of the building (its part): B (source: www.regia.lt). The completion of the building registered in the Register Center is 100 percent. A plot of land is formed under the building. The plot belongs to the Republic of Lithuania.

Description of building structures:

Foundations - reinforced concrete;
Walls - brickwork;
Exterior decoration - plaster, paint;
Overlays - reinforced concrete panels;
The roof is plastered, covered with a bituminous coating;
Entrance door to the staircase - plastic frames with glass units;
The condition of the staircase is average, there is no elevator.

Description of engineering equipment, common areas and apartment decoration:

Engineering equipment: heating - general central heating system (steel radiators are installed in the apartments); sewerage - city networks; water supply - city networks; electricity - available; gas - none; ventilation - natural air circulation.
Interior decoration of apartments: walls - painted; ceiling - painted; floor - linoleum; entrance doors to apartments - wood veneers; windows - plastic frames with glass units.
Interior decoration of common rooms: walls - in the bathrooms and in the kitchen: tiled, painted, in the rest of the premises: brick masonry elements, paint; ceiling - painted and suspended, aluminum frame "Armstrong"; floor - tiles, linoleum.

All the streets leading to the building are paved, easily passable by private transport. Traffic conditions for both light and heavy transport are good. Access by individual transport to the city center during peak and off-peak times is quite good, the distance to Vilnius city center is about 16 km. Parking conditions in the territory are good, parking is free, there are enough places. Access to the facility by city public transport is possible, but moderately convenient.

The property is used according to the purpose specified in the real estate register. In the opinion of appraisers, the maximum and best use of the appraised property is based on the purpose of use and method of use, i.e. for residential use and purpose.

More about the property (see Documents).

Investment from 50.00 €.

Interest

Annual interest rate

Investing from 50.00 € - fixed interest 11 %
Investing from 1 000.00 € - fixed interest 11.25 %
Investing from 3 000.00 € - fixed interest 11.5 %
Investing from 5 000.00 € - fixed interest 11.75 %
Investing from 7 000.00 € - fixed interest 12 %

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 24 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2024-12-13

Estimated loan repayment date:* 2026-12-11

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 Almaris

Company code 300512480

Company registration address

V.A.Graičiūno g. 22 Vilnius Lietuva 02241

UAB Almaris - the company was founded on December 6, 2005. The main field of activity of the company is the operation of hotels and similar temporary residences (EVRK 551000). The company provides long-term and short-term accommodation services for employees and laborers coming to work in Vilnius, Lithuania.

The company's shareholders are:

Benas Dominykas Stelmokas 100% shares.

Loan protection collateral

Loan collateral:

The property located at the address V. A. Graičiūno st. 22-406/407/413, Vilnius, Lithuania is being pledged as a first mortgage:

Apartment/Room - Apartment with common room, marked 4-1 on the plan (1\15 of 120.27 sq. m.), i.e. 8.00 sq. m, whose address is V. A. Graičiūno st. 22-406, Vilnius, unique No. 4400-4784-6577:8926, total area - 36.46 sq. m, the main purpose of use is residential (apartments);
Apartment/Room - Apartment with common room, marked 4-1 on the plan (1\15 of 120.27 sq. m.), i.e. 8.00 sq. m, whose address is V. A. Graičiūno st. 22-407, Vilnius, unique No. 4400-4784-6599:8927, total area - 54.85 sq. m, the main purpose of use is residential (apartments);
Apartment/Room - Apartment with common room, marked 4-1 on the plan (1\15 of 120.27 sq. m.), i.e. 8.00 sq. m, whose address is V. A. Graičiūno st. 22-413, Vilnius, unique No. 4400-4785-0746:8933, total area - 40.44 sq. m, the main purpose of use is residential (apartments).

Value of mortgaged property: 149,900 euros.

Description of the mortgaged property

The mortgaged property consists of three fully equipped and furnished apartments (two one-room apartments and one two-room apartment), located in V. A. Graičiūna str. 22, in Vilnius, on the fourth floor. The total area of the apartments is respectively: 36.46 sq. m., 54.85 sq. m. and 40.44 sq. m. The apartments underwent simple repairs in 2021.

The mortgaged property is located in Aukštieji Paneriai, in the southeastern part of the city of Vilnius, located west of the Paneriai tunnel. Aukšieji Paneriai is located in a wooded area, and there is the Paneriai Memorial Museum and the Paneriai Railway Station. Aukštieji Paneriai consists of two parts - the part surrounded by forests and hills around the Paneriai railway junction and the industrial part between Kirtimu Street and the Vokė River. Aukštieji Paneriai are surrounded by the forests of Aukštieji Paneriai and Baltosios Vokės, and quarries, which quite separate this part from the rest of the city. In the neighborhood of the mortgaged real estate (areas occupied by the warehouses), wooded and sparsely built-up land areas dominate. Nearby is the Mūrinė Vokė pond, formed after the construction of a dam across the Vokė river, as well as the Vokė hydrographic reserve, the forests of Panerių and Dirkliškių. Nearby is the main road A1 (Vilnius-Kaunas-Klaipėda), which connects the three largest cities of Lithuania.

Positive influencing factors:

Convenient access by private transport.
Good parking conditions in the area.
Asphalted access roads.

Negative influencing factors:

Average access by public transport.
A developed social infrastructure in the distance.
The property is in an industrial area - a source of noise.

According to appraisers, the location of the mortgaged real estate is accepted as average.

For more details (see About the Project) (see Documentation).

Strengths and risks

Strengths:

The first order of real estate pledge - mortgage.
The project is near the end.
The LTV of the project is low.

Weaknesses:

Borrower 's activities are in a competitive sector.

Possibilities:

The annual interest rate payable by the borrower is 11.00-12.00%.

Threats:

Uncertain economic situation.
Rising cost of building materials.

Documents

#	File name	File type	Actions
1	Įstatai Almaris.pdf
2	Vertinimo ataskaita.pdf
3	RC išrašas (Vilnius, V. A. Graičiūno g. 22-407).pdf
4	RC išrašas (Vilnius, V. A. Graičiūno g. 22-406).pdf
5	RC išrašas (Vilnius, V. A. Graičiūno g. 22-413).pdf
6	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 Investment loan

Amount of funding 45 000 €

LTV 43 %

Risk A (low)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 24 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Mortgage rank First order mortgage

Amount allocated by project owner 5 000.00 €

Purpose of the loan

About property

Description of building structures:

Foundations - reinforced concrete;
Walls - brickwork;
Exterior decoration - plaster, paint;
Overlays - reinforced concrete panels;
The roof is plastered, covered with a bituminous coating;
Entrance door to the staircase - plastic frames with glass units;
The condition of the staircase is average, there is no elevator.

Description of engineering equipment, common areas and apartment decoration:

Engineering equipment: heating - general central heating system (steel radiators are installed in the apartments); sewerage - city networks; water supply - city networks; electricity - available; gas - none; ventilation - natural air circulation.
Interior decoration of apartments: walls - painted; ceiling - painted; floor - linoleum; entrance doors to apartments - wood veneers; windows - plastic frames with glass units.
Interior decoration of common rooms: walls - in the bathrooms and in the kitchen: tiled, painted, in the rest of the premises: brick masonry elements, paint; ceiling - painted and suspended, aluminum frame "Armstrong"; floor - tiles, linoleum.

More about the property (see Documents).

Investment from 50.00 €.

Interest

Annual interest rate

Investing from 50.00 € - fixed interest 11 %
Investing from 1 000.00 € - fixed interest 11.25 %
Investing from 3 000.00 € - fixed interest 11.5 %
Investing from 5 000.00 € - fixed interest 11.75 %
Investing from 7 000.00 € - fixed interest 12 %

Loan term and repayment

Loan period 24 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2024-12-13

Estimated loan repayment date:* 2026-12-11

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

43%

Documentation

Asset Valuation Report

Report preparation date

2024-11-28

Assessor

UAB Vertinimo partneriai

Loan collateral:

The property located at the address V. A. Graičiūno st. 22-406/407/413, Vilnius, Lithuania is being pledged as a first mortgage:

Apartment/Room - Apartment with common room, marked 4-1 on the plan (1\15 of 120.27 sq. m.), i.e. 8.00 sq. m, whose address is V. A. Graičiūno st. 22-406, Vilnius, unique No. 4400-4784-6577:8926, total area - 36.46 sq. m, the main purpose of use is residential (apartments);
Apartment/Room - Apartment with common room, marked 4-1 on the plan (1\15 of 120.27 sq. m.), i.e. 8.00 sq. m, whose address is V. A. Graičiūno st. 22-407, Vilnius, unique No. 4400-4784-6599:8927, total area - 54.85 sq. m, the main purpose of use is residential (apartments);
Apartment/Room - Apartment with common room, marked 4-1 on the plan (1\15 of 120.27 sq. m.), i.e. 8.00 sq. m, whose address is V. A. Graičiūno st. 22-413, Vilnius, unique No. 4400-4785-0746:8933, total area - 40.44 sq. m, the main purpose of use is residential (apartments).

Value of mortgaged property: 149,900 euros.

Description of the mortgaged property

Positive influencing factors:

Convenient access by private transport.
Good parking conditions in the area.
Asphalted access roads.

Negative influencing factors:

Average access by public transport.
A developed social infrastructure in the distance.
The property is in an industrial area - a source of noise.

According to appraisers, the location of the mortgaged real estate is accepted as average.

For more details (see About the Project) (see Documentation).

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