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Viensėdžio st. 36A, Krikšioniškių vil., Nemenčinės mun., Vilnius d., Lithuania (1 stage)
Amount of funding
100 000 €
LTV
60%
Annual interest rate
11.00% - 12.00%
Total expected project return
11.00% - 12.00%
Loan period
12 mo.
Risk
A (low)
Purpose of the loan
Loan for acquisition
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
181
Raised:
100 000 € Goal:
100 000 €
100 000 € Goal:
100 000 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | Įstatai.pdf |
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| 2 | Turto vertinimo ataskaita.pdf |
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| 3 | Žemės sklypo planas.pdf |
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| 4 | Kadastrinių matavimų byla.pdf |
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| 5 | PIID (1 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
A (low)
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
121 000.00 €
Pobjective of the loan
The amount of EUR 213 600 is required for the financing, which is to be raised in stages. The loan proceeds will be used for the real estate object: a land plot of 0.6020 ha and a non-residential building of 1 623.12 sq.m. total area located at Viensėdžio st. 36A, Krikšioniškių vil., Nemenčinės mun., Vilnius d., Lithuania, for acquisition. The borrower is currently renting the property and is engaged in the production of custom-made furniture, parquet flooring and other wood products there. The loan will be repaid by refinancing with another financial institution or from the proceeds of the sale of the company. The amount of the project owner's own contribution to the project is EUR 121 000.
About the project
The project consists of 2 assets: a plot of land and a non-residential building (actually a furniture production workshop) located at Viensėdžio st. 36A, Krikšioniškių vil., Nemenčinės mun., Vilnius d., Lithuania. The property forms a complete whole. In the view of the appraisers, the first and best use of the property (taking into account the location of the property, the individual characteristics of the property, the market conjuncture, alternative uses of the property and other factors) is for recreational and commercial purposes.
The agricultural land plot (unique No. 4400-0886-5827, cadastral No 4120/0100:310 in Didžių Kabiškių k.v.) with a total area of 0,6020 ha is irregularly shaped in a square; the relief is almost flat, the type of use of the land plot is other agricultural land plots. The plot contains a registered building with a built-up area of 1 705,11 sq. m. - a farm, in fact a furniture workshop, marked 1Ž1bp on the plan. There is also an outbuilding on the plot, which is not registered in the central data bank of the State Enterprise Centre of Registers of Real Estate, and was therefore not assessed. The site is unfenced, covered with perennial grass, shrubs and scattered trees. There is a paved parking lot and a paved access to the parking lot next to the mortgaged building. The site is bordered on its southern side by a tarmac access road and on the other sides by undeveloped land.
Engineering communications of the land plot: electricity, centralised water supply (rural), local sewage disposal networks.
Building - farm (actually furniture workshop), unique No. 4198-3023-7012, marked on the plan 1Ž1bp. It is a single-storey farm building (actually a furniture workshop) of reinforced concrete slab construction. According to the cadastral survey file, the building consists of 6 rooms, but there are volumetric-plan changes: new partitions have been built, i.e. more rooms have been formed. The new cadastral measurements have not been carried out and have not been registered with the State Enterprise Centre of Registers. The year of construction of the building is 1983, the year of reconstruction is not registered, but the building has undergone renovation in separate years: windows have been replaced, the walls and the roof have been insulated, and the façade has been refinished. The purpose of the building is animal husbandry. However, the building is actually used for production and storage activities. The building is equipped with administrative, production, storage and ancillary facilities (bathroom, corridors, etc.). The building is registered as 100% complete at the State Register Centre.
The appraisers consider that, in the light of the totality of the data available to them, the property as a whole would be best used for manufacturing/industrial or warehousing purposes.
For more information on 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 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
12 mo.
Minimum loan period
4 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2025-09-02
Estimated loan repayment date:*
2026-08-14
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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