Projects list

Vakaro st. 5B, Palanga, Lithuania (1 stage)

Waiting for investments

Amount of funding 100 000 €

LTV 60%

Annual interest rate 12.00% - 13.00%

Total expected project return 12.00% - 12.99%

Loan period

12 mo.

Risk

B (medium)

Purpose of the loan

Loan for acquisition

Collateral Real estate pledge

Country

Lithuania

Investors 5

Raised:
500 € Goal:
100 000 €

0.50%

How much will I earn if I invest:

Investment size

100.00 €

99 500.00 €

12% 12.25% 12.5% 12.75% 13%

With this project in one month I will earn

€

After 12 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 100 000 €

LTV 60 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 12 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Guarantees / surety

Mortgage rank First order mortgage

Amount allocated by project owner 277 000.00 €

Purpose of the Loan

The financing requires a total of 474,600 EUR, which is being raised in stages. The loan will be used for the purchase of real estate—a 0.1827-hectare plot of land located at Palanga, Vakaro St. 5B, unique No. 4400-4384-1525—and to begin its development. The designated use of the plot is for multi-family residential buildings and dormitories. A building permit has been issued for the plot, and a project has been prepared, which provides for the construction of a four-story, A++ energy efficiency class multi-family residential building with a total area of 1,832.36 square meters, comprising 24 apartments and 24 parking spaces. The project loan will be repaid using proceeds from the sale of the developed property or by refinancing it with another financial institution. The amount that the project owner is contributing to the project is 277,000 EUR.

About the Project

The land plot located at Vakaro St. 5B, Palanga, with an area of 0.1827 ha, unique No. 4400-4384-1525, cadastral No. 2501/0039:256 in the Palanga City Cadastral District. The primary land use designation is “other,” and the type of use is “areas for multi-family residential buildings and dormitories.” The plot was formed through cadastral surveying; its terrain is flat. The plot is undeveloped, lying fallow, and overgrown with grass and shrubs. Utility and road easements S1 and S2 are registered for the plot, granting the right to install and maintain utilities, drive vehicles, and use the pedestrian path. The building permit grants the right to construct a new, non-specialized multi-family residential building and a courtyard parking lot on the lot. The building permit for Project No. 24-011 was issued on June 2, 2025. The intended use of the building is a residential multi-family building with three or more apartments.

The planned four-story, A++ energy efficiency class apartment building will have 24 apartments—six on each floor—along with an underground parking garage, bicycle storage, a boiler room, and above-ground parking spaces. The plan includes a system of 24 parking spaces, spaces for people with disabilities, and charging stations for electric vehicles.

The building’s primary structural system consists of monolithic reinforced concrete columns, walls, beams, and slabs. The design calls for bored piles with a diameter of 400 mm and a length of 4.0–8.5 m, 300 × 400 mm monolithic reinforced concrete columns, 250 mm reinforced concrete walls, exterior walls made of ceramic blocks, and 160–220 mm monolithic reinforced concrete floor slabs. The roof is a flat, reinforced concrete structure with a bituminous roll-on membrane; the facade walls are planned to be insulated with rock wool.

The building is designed with hydronic underfloor heating, autonomous heat metering for each apartment, and the primary heat source is a system installed in the basement featuring air-to-water heat pumps, with their outdoor units planned to be located on the roof. A separate heat recovery unit is planned for each apartment, and apartment cooling is also provided for. Water supply is planned from the centralized networks on Pavasario and Vakaro Streets, while domestic and stormwater drainage will be connected to the existing networks on Pavasario Street.

The building is designed with a total area of 1,832.36 square meters, a usable area of 1,382.23 square meters, and a basement area of approximately 439 square meters. Other indicators: 538 square meters of building footprint, 76.26 percent floor area ratio, 29.44 percent plot ratio, and 734 square meters of landscaped area. 76.26% floor area ratio, 29.44% building density, and 538 square meters of building footprint.

Taking into account the land use designation, zoning decisions, the building permit already issued, and the prepared project, the most economically rational and optimal use of the property is to develop a multi-unit residential project in accordance with the issued building permit or to sell the property to another investor along with this development right. The current use and the use envisaged in the project are optimal, and a change of use to an alternative purpose is not advisable.

The property’s appeal is significantly enhanced by the Palanga market, its residential designation, the already issued building permit, the prepared technical design, the 24-unit apartment project, A++ energy efficiency class, parking solutions, and the ongoing development of the surrounding infrastructure. According to data collected by the appraiser, transactions involving similar new-construction housing in that market area are fairly common, and in 2024–2025, prices for partially finished new-construction apartments in the analyzed dataset ranged from approximately 2,503 to 2,812 EUR/sq. m; appraisers describe this type of finished residential product as being in high demand.

The mortgaged property is a 1,827 sq. m. land plot in Palanga that is well-prepared for development, with a building permit already issued and a project plan in place for a four-story A++ apartment building comprising 24 units. four-story A++ apartment building. The property’s primary value stems not only from the land plot itself but also from its legal and design readiness for construction, making it particularly attractive to professional real estate developers or investors. The location, the project, the building permit, and infrastructure development have a positive impact on liquidity, while the main risks include the as-yet-unfinished local infrastructure, project implementation costs, and the fact that the established market value of EUR 791,000 is based on assumptions regarding the future project’s implementation.

More about the project (see Documents).

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 3 000.00 € - fixed interest 12.5 %
Investing from 5 000.00 € - fixed interest 12.75 %
Investing from 7 000.00 € - 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 12 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2026-10-23

Estimated loan repayment date:* 2027-10-23

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 Tikras

Company code 305620759

Company registration address

I. Kanto g. 18 Kaunas Lietuva LT-44926

UAB Tikras - a company established on September 9, 2020. Main areas of activity: a) Rental and operation of owned or leased real estate (EVRK 682000); (b) Wholesale trade on a fee or contract basis; retail trade in non-specialized stores; mail-order or online sales; business consulting and other management activities. The Company may engage in any other activities that do not conflict with the laws of the Republic of Lithuania.

UAB Tikras engages in real estate brokerage, leasing, and management. The company is also involved in the implementation of construction and real estate-related projects, as well as the development and maintenance of properties.

Alius Jankauskas is the company’s sole shareholder.

Loan protection collateral

Loan Collateral:

Property pledged as first-priority mortgage collateral, located at Vakaro st. 5B, Palanga, Lithuania:

Land parcel located at Palanga, Vakaro St. 5B, unique No. 4400-4384-1525, cadastral No. 2501/0039:256 in the Palanga City Cadastral District, total area – 0.1827 ha, primary intended use—other; type of use—area for multi-family residential buildings and dormitories;
A multi-family residential building, unique No. 4400-6689-5487, for which a building permit No. LSNS-33-250602-00064 was issued on June 2, 2025; type of construction: new construction.

Value of the mortgaged property: 791,000 euros.

Additional security measures:

Company (Borrower’s) guarantee (promissory note for double the amount);
Personal surety by shareholder and director Alius Jankauskas.

Description of the property being pledged

The real estate being pledged is located in the eastern part of Palanga, in the Virbališkės neighborhood, at 5B Vakaro St., in an emerging mixed-use residential area between Vasaros, Pavasario, Kurorto, and Kretingos Streets. New apartment buildings, semi-detached homes, and single-family residences are being developed in the surrounding area, and there are also recreational and short-term lodging facilities. The property is located approximately 170 m northeast of the intersection of Kretingos and Vasaros Streets, about 760 m from the Palanga bus station, about 1.7 km east of the city center, and about 2.6 km from the Baltic Sea. The city center offers access to major retail and service facilities, pharmacies, gas stations, educational institutions, and other social infrastructure facilities. The nearest public transportation stop, “Vasaros g.,” is approximately 150 m away, so public transportation access is considered good.

Currently, access to the lot from Vakaro Street is via a gravel road; however, the development of this area is not considered to represent the final state of the infrastructure. The business plan indicates that an access road, paved surfaces, sidewalks, street lighting, and stormwater drainage systems have been designed, and a separate part of the infrastructure development includes the installation of water supply, domestic wastewater, and stormwater drainage systems. The submitted project documentation provides for approximately 15 m of water supply lines, 32 m of domestic wastewater lines, 75 m of stormwater drainage lines, and 40 m of electrical networks. The infrastructure works are linked to the municipality’s infrastructure development contracts and are described in the business plan as an ongoing effort to improve the area’s infrastructure readiness.

The area is undergoing active urbanization: new single-family and semi-detached homes have already been built adjacent to the lot; construction of a larger multi-family building is underway on the neighboring lot; and a developed multi-family neighborhood and urban infrastructure are visible in the wider surroundings. Therefore, the current partially undeveloped access road and plot surroundings should be considered a transitional state of the developing area, rather than a long-term deficiency of the location.

The area is not located within a protected area or the territory of a cultural heritage site, nor is it associated with significant risks of flooding, coastal erosion, noise, or air pollution. The entire 1,827 sq. m. lot falls within a groundwater protection zone; however, the documents state that the planned construction of residential buildings in such an area is permitted.

Appraisers consider the location of the mortgaged property to be favorable and promising from a real estate development perspective. The property is located in Palanga, relatively close to the city center and the bus station, is easily accessible via the city’s main streets, and is situated in a rapidly urbanizing residential area. Convenient access, good transportation links, and well-developed urban infrastructure.

For more detailed information (see About the Project) (see Documents).

Strengths and risks

Strengths:

Company guarantee (bill of exchange) and guarantee of its director and shareholder.
The first order of real estate pledge - mortgage.

Weaknesses:

Borrower 's activities are in a competitive sector.

Possibilities:

The annual interest rate payable by the borrower is 12.00-13.00%.

Threats:

Uncertain economic situation.
Rising cost of building materials.

Documents

#	File name	File type	Actions
1	Įstatai UAB Tikras
2	Turto vertinimo ataskaita
3	Statybos leidimas
4	Techninis projektas
5	PIID (1 etapas)

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 100 000 €

LTV 60 %

Risk B (medium)

Payment of interest Every month

Loan repayment At the end of the loan period

Loan period 12 mo.

Minimum loan period 4 mo.

Collateral

Real estate pledge

Guarantees / surety

Mortgage rank First order mortgage

Amount allocated by project owner 277 000.00 €

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 12 %
Investing from 1 000.00 € - fixed interest 12.25 %
Investing from 3 000.00 € - fixed interest 12.5 %
Investing from 5 000.00 € - fixed interest 12.75 %
Investing from 7 000.00 € - fixed interest 13 %

Loan term and repayment

Loan period 12 mo.

Minimum loan period 4 mo.

Loan repayment At the end of the loan period

Estimated start date of the loan:* 2026-10-23

Estimated loan repayment date:* 2027-10-23

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

Residential

Mortgage rank

First order mortgage

LTV

60%

Documentation

Asset Valuation Report

Report preparation date

2025-10-16

Assessor

UAB Latmas

Loan Collateral:

Property pledged as first-priority mortgage collateral, located at Vakaro st. 5B, Palanga, Lithuania:

Land parcel located at Palanga, Vakaro St. 5B, unique No. 4400-4384-1525, cadastral No. 2501/0039:256 in the Palanga City Cadastral District, total area – 0.1827 ha, primary intended use—other; type of use—area for multi-family residential buildings and dormitories;
A multi-family residential building, unique No. 4400-6689-5487, for which a building permit No. LSNS-33-250602-00064 was issued on June 2, 2025; type of construction: new construction.

Value of the mortgaged property: 791,000 euros.

Additional security measures:

Company (Borrower’s) guarantee (promissory note for double the amount);
Personal surety by shareholder and director Alius Jankauskas.

Description of the property being pledged

For more detailed information (see About the Project) (see Documents).

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