Projects list

Dvaro st. 50, Meiskių vil., Veiviržėnų mun., Klaipėdos d., Lithuania (1 stage)

Waiting for investments

Amount of funding 60 000 €

LTV 56%

Annual interest rate 13.00% - 14.00%

Total expected project return 12.99% - 14.00%

Loan period

12 mo.

Risk

B (medium)

Purpose of the loan

Investment loan

Collateral Real estate pledge

Country

Lithuania

Investors 79

Raised:
21 918 € Goal:
60 000 €

36.53%

How much will I earn if I invest:

Investment size

100.00 €

38 082.00 €

13% 13.25% 13.5% 13.75% 14%

With this project in one month I will earn

€

After 12 months I will earn

€

Business loan terms

About the loan

Purpose of the loan Investment loan

Amount of funding 60 000 €

LTV 56 %

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 15 000.00 €

Purpose of the loan

The amount of EUR 130,000 is required for financing, which will be collected in stages. The loan funds will be used for: the purchase of two aircraft (Cessna 172, Cessna 182), their renovation and preparation for operation, licensing, installation of airfield infrastructure and construction works of modular houses. The loan will be repaid by refinancing it in another financial institution or from the sale of assets and/or from the company's income. The amount that the project owner allocates to the project himself is EUR 15,000.

About the project

The project will be carried out on a plot of land and a building that will be used as a hangar. Construction period 2017-2018. The property is in good condition, complies with the data provided in the cadastral measurements file, and the principle of maximum and best use. The property forms a complete whole.

The building has sixteen premises. Structural elements: foundations - concrete; partitions, walls - metal structures, several layers with insulation, roof - pitched, metal structures, doors - plastic, windows - plastic frames with glass units. Interior decoration: floor - leveled concrete covering (linoleum in the administrative part), walls - multi-layer panels, paneling or painted. Engineering equipment: electrical networks - available, water supply and sewerage - local (well, local sewage disposal system), heating - solid fuel boiler, pellets. Built-in equipment: sinks, toilets, sanitary appliances, water filters, water heating equipment, etc.

Two aircrafts (models: Cessna 172 and Cessna 182) are purchased and will be prepared for operation. In parallel, the following will be carried out: licensing of a legal entity as an air carrier; airfield infrastructure installation and construction works of modular houses.

During the project period, the following activities will be carried out, which will be the main source of income in 2024-2026:

Aircraft rental. The aircraft will be leased to a company providing aviation special works (based on experience, each aircraft is expected to fly 315 hours per year). According to the aviation regulation, the company that leases the aircraft is responsible for the technical and repair requirements applied to the aircraft, therefore no expenses are expected in this segment of the activity.
Recreational - sightseeing flights. This activity will be carried out with the partner UAB "Gera dovana" (forecasted income in year 2024 from this activity segment is 21,500 EUR + VAT).

More about the project (see Documents).

We inform you that the employees of UAB Nordstreet (company code 304565690) are investing in this project.

Investment from 100 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 13 %
Investing from 1 000.00 € - fixed interest 13.25 %
Investing from 3 000.00 € - fixed interest 13.5 %
Investing from 5 000.00 € - fixed interest 13.75 %
Investing from 7 000.00 € - fixed interest 14 %

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:* 2024-05-24

Estimated loan repayment date:* 2025-05-24

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 VšĮ Sakalėlis

Company code 305673217

Company registration address

Dvaro 50 Klaipėdos rajonas Lietuva LT96325

VšĮ Sakalėlis - the company was founded on 2020-12-28. The company's main areas of activity are: a) Passenger air transport; b) Leasing of aircraft; c) Recreational flights.

The shareholders of the public institution are:

Andrius Bagočius 100% shares.

Loan protection collateral

Loan collateral:

The property located at Dvaro st. 50, Meiskių vil., Veiviržėnų mun., Klaipėdos d., Lithuania is pledged as a first mortgage:

A plot of land, the address of which is Dvaro st. 50, Meiskių vil., Veiviržėnų mun., Klaipėdos d., Lithuania, area - 1,5852 ha, unique No. 4400-0928-7436, cadastral No. 5563/0006:443 Veiviržėnų c. a., purpose: agricultural (method of use: other agricultural land plots);
535,47 sq. m total area building - farm (1Ž1g), whose address is Dvaro st. 50, Meiskių vil., Veiviržėnų mun., Klaipėdos d., Lithuania, unique No. 4400-5016-3198, purpose: other (farms).

Value of mortgaged property: 234,000 euros.

Additional security measures:

Company guarantee (promissory note);
Guarantee of director and shareholder Andrius Bagočius.

Description of the mortgaged property

The mortgaged property consists of two property objects: (a) A plot of land, the address of which is Dvaro st. 50, Meiskių vil., Veiviržėnų mun., Klaipėdos d., Lithuania, area - 1,5852 ha, unique No. 4400-0928-7436, cadastral No. 5563/0006:443 Veiviržėnai c. a., purpose: agricultural (method of use: other agricultural land plots); (b) 535,47 sq. m total area building - farm (1Ž1g), whose address is Dvaro st. 50, Meiskių vil., Veiviržėnų mun., Klaipėdos d., Lithuania, unique No. 4400-5016-3198, purpose: other (farms), completion - 100%.

The mortgaged property is located in Klaipėda district, Meiskiu village. The environment of the mortgaged property is dominated by undeveloped areas: cultivated agricultural fields, forested areas. There are older buildings nearby. The street network is developed. The property is located next to paved road No. 2213, which connects Veiviržėnai - Brožiai - Vėžaičiai. Convenient access by own transport, public transport is difficult because there is no public transport stop nearby.

Building - the farm is located on a plot of land of 1,5852 ha, which is not fenced, the plot of land has a water body. The building was completed in 2018, is in good condition, and can be used as a farm, hangar, warehouse or production building. The building is approached via an asphalt road, next to the building there is a gravel parking lot, which also provides convenient access for heavy vehicles.

Factors affecting asset value and liquidity:

Convenient access by own transport;
Convenient approach;
The building is of new construction.

The property appraiser's conclusion that the property is in demand and liquid in the market, suitable for mortgage.

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

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:

The company is operating at a loss.
The company experienced a loss.

Possibilities:

The annual interest rate payable by the borrower is 13.00-14.00%.

Threats:

Uncertain economic situation.
Rising cost of building materials.

Documents

#	File name	File type	Actions
1	Įstatai pasirašyti.pdf
2	Vertinimo ataskaita.pdf
3	Įkeičiamo turto išrašas iš NTR.pdf
4	PIID.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 60 000 €

LTV 56 %

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 15 000.00 €

Purpose of the loan

About the project

During the project period, the following activities will be carried out, which will be the main source of income in 2024-2026:

Aircraft rental. The aircraft will be leased to a company providing aviation special works (based on experience, each aircraft is expected to fly 315 hours per year). According to the aviation regulation, the company that leases the aircraft is responsible for the technical and repair requirements applied to the aircraft, therefore no expenses are expected in this segment of the activity.
Recreational - sightseeing flights. This activity will be carried out with the partner UAB "Gera dovana" (forecasted income in year 2024 from this activity segment is 21,500 EUR + VAT).

More about the project (see Documents).

We inform you that the employees of UAB Nordstreet (company code 304565690) are investing in this project.

Investment from 100 €.

Interest

Annual interest rate

Investing from 100.00 € - fixed interest 13 %
Investing from 1 000.00 € - fixed interest 13.25 %
Investing from 3 000.00 € - fixed interest 13.5 %
Investing from 5 000.00 € - fixed interest 13.75 %
Investing from 7 000.00 € - fixed interest 14 %

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:* 2024-05-24

Estimated loan repayment date:* 2025-05-24

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

Other

Mortgage rank

First order mortgage

LTV

56%

Documentation

Asset Valuation Report

Report preparation date

2024-03-28

Assessor

UAB „Marleksa"

Loan collateral:

The property located at Dvaro st. 50, Meiskių vil., Veiviržėnų mun., Klaipėdos d., Lithuania is pledged as a first mortgage:

A plot of land, the address of which is Dvaro st. 50, Meiskių vil., Veiviržėnų mun., Klaipėdos d., Lithuania, area - 1,5852 ha, unique No. 4400-0928-7436, cadastral No. 5563/0006:443 Veiviržėnų c. a., purpose: agricultural (method of use: other agricultural land plots);
535,47 sq. m total area building - farm (1Ž1g), whose address is Dvaro st. 50, Meiskių vil., Veiviržėnų mun., Klaipėdos d., Lithuania, unique No. 4400-5016-3198, purpose: other (farms).

Value of mortgaged property: 234,000 euros.

Additional security measures:

Company guarantee (promissory note);
Guarantee of director and shareholder Andrius Bagočius.

Description of the mortgaged property

Factors affecting asset value and liquidity:

Convenient access by own transport;
Convenient approach;
The building is of new construction.

The property appraiser's conclusion that the property is in demand and liquid in the market, suitable for mortgage.

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

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