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We are reglamented by
Vidiškių vs., Žemaitkiemio mun., Ukmergės d., Lithuania (2 stage)
Amount of funding
100 000 €
LTV
60%
Annual interest rate
15.00% - 16.00%
Total expected project return
30.00% - 31.99%
Loan period
24 mo.
Risk
C (higher)
Purpose of the loan
Loan for acquisition
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
115
Raised:
100 000 € Goal:
100 000 €
100 000 € Goal:
100 000 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | Nuostatai MB BUČKIS LT.pdf |
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| 2 | Leidimas naudoti naudingas iškasenas.pdf |
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| 3 | Žvyro telkinio planas.pdf |
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| 4 | Vertinimo ataskaita.pdf |
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| 5 | PIID (2 etapas).pdf |
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About the loan
Purpose of the loan
Acquisition of real estate
Amount of funding
100 000 €
LTV
60 %
Risk
C (higher)
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
Guarantees / surety
Mortgage rank
First order mortgage
Amount allocated by project owner
260 000.00 €
Objective of the loan
The amount of EUR 384 000 is required for the financing, which is being raised in stages. The loan will be used for: (a) the acquisition of the mortgaged property located in Vidiškių vs., Žemaitkiemio sen., Ukmergė r. sav., Lithuania, i.e. three plots of land (the total area of the three plots of land is 9.084 ha), which form part of the gravel resources of the Vaisgėliškis deposit of the Ukmergė district; and (b) for the exploitation of this gravel resource deposit. The loan will be repaid from the proceeds of the sale of the exploitation of the gravel deposit or by refinancing it with another financial institution. The amount which the project owner itself is contributing to the project is EUR 260 000.
About the project
The area to be exploited is located in the north-eastern part of Ukmergė district, in Žemaitkiemis sub-district, in the Vidiškės homestead, 10,5 km north-east of the town of Ukmergė, 4,8 km west of the centre of the town of Žemaitkiemis, and 2 km east of the town of Vidiškės. The Vaisgėliškis field is located in a non-urbanised area. There are no buildings, electricity transmission or telephone lines in the field. The field is located in the valley of the Šventoji River in the western Highlands plateau. The valley is almost 1 km wide and consists of a floodplain and three terraces. The fourth terrace, in the area of the well-known Vidiškės and Radiškės quarries, widens considerably, as does the Vaisgėliškis deposit. The latter is located on the left bank of the river Šventoji, at the confluence of the rivers Šventoji and Siesarties, in the fourth superficial terrace. The surface of the terrace is undulating. The surface of the deposit is also undulating.
The Vaisgėliškis gravel deposit's pay layer consists of: a vegetative layer, ranging from 0,2 to 0,5 m thick; immediately below the vegetative layer, a very fine, clayey sand, with a thickness of between 0,3 and 8 m, with a predominant thickness of between 2 and 3 m, and with a relatively smooth bed; and a deeper, more extensive gravel, which is found throughout the deposit. The thickness of the gravel layer in the detailed exploration area is 7-16 m, predominantly 8-10 m, and in the forecast area 2-10 m, predominantly 3-5 m. The gravel forms the deposit's payload layer. The pay layer consists of dry and waterlogged gravel.
The pay layer of the Vaisgėliškis gravel deposit is to be used as a raw material for the construction and repair of roads, for construction work and for filling. The quality indicators for such raw material are defined in standard LST1331:2015lt (soils for roads and their structures). The applicability of such soils is determined by their granulometric composition. The deposit is registered in the Land Register. It has been assigned the code 1305 (gravel). The deposit is marked on the map of mineral deposits of the Lithuanian Geological Survey.
The total mining area of the gravel resources of the Vaisgėliškės deposit is 11,20 ha. This area consists of three private land parcels (cadastral no. 8115/0002:91; 8115/0002:94; 8115/0002:93) and an undeveloped state forest land parcel. The geological resources of this mining area amount to 1 282 496 m3 of gravel resources. They are classified as part of a detailed exploration of the presumed valuable part of the resource, with identification code 331. The mineral is suitable for the construction of road surfaces in accordance with the requirements of LST 1331:2015lt (soils for roads and their structures).
The mineral has been granted a permit for the exploitation of mineral resources other than hydrocarbons (Permit No KN-22-39). The permit specifies that the use of a part of the gravel resources of the Vaisgėliškis deposit in the Ukmergė District of Vilnius County (deposit code 1305 in the Land Register) is authorised. The total mining area allocated is 11,20 ha. The quantity of resources to be allocated for exploitation: 1 282 thousand cubic metres of gravel (according to the status as of 30.03.2022).
For more information about the project (see Documents) (see Loan security measures).
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 15 %
- Investing from 1 000.00 € - fixed interest 15.25 %
- Investing from 3 000.00 € - fixed interest 15.5 %
- Investing from 5 000.00 € - fixed interest 15.75 %
- Investing from 7 000.00 € - fixed interest 16 %
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:*
2025-06-26
Estimated loan repayment date:*
2027-06-23
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
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