Projects list

Gegužės 1-osios st. 3, Jurbarkai, Jurbarko d. mun., Lithuania

Waiting for investments

Amount of funding 89 500 €

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

Refinancing

Collateral Real estate pledge

Country

Lithuania

Investors 7

Raised:
700 € Goal:
89 500 €

0.78%

How much will I earn if I invest:

Investment size

100.00 €

88 800.00 €

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 To increase the company's working capital

Amount of funding 89 500 €

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 52 150.00 €

The purpose of the loan

The amount of EUR 89 500 is required for the financing, which is raised in one stage. The loan will be used partly to refinance an existing loan with another financial institution and the other part to expand the company's business. The loan will be repaid either by refinancing with another financial institution or from the proceeds of the sale of real estate. The amount to be contributed by the project owner himself to the project is EUR 52 150.

About the project

The property consists of a plot of land with a building - a residential house and a building - an outbuilding, located at Jurbarkas d. municipality, Jurbarkų mun., Jurbarkų vil., Gegužės 1-osios st. 3. According to the data of the Real Estate Register, the land plot has the unique No. 4400-1951-7241, cadastral No. 9424/0004:653 in Jurbarkų k. v., the main purpose of use - other, the method of use - territory of single-family and two-family dwelling buildings, the area - 0,2645 ha, the land plot was formed by carrying out cadastral measurements. The shape of the plot is described in the documents as an irregular polygon, the terrain is relatively flat, access to the plot is by an asphalted street.

The dwelling house, unique No. 4400-1097-3694, is a single-family dwelling, plan designation - 1A1ž. According to the data of the Register, the year of construction commencement - 1979, the year of construction completion - 1980, the year of reconstruction commencement - 2009, the year of reconstruction completion - 2019, the category of the structure - non-extraordinary, the completion rate - 100 %. The building is one-storeyed with attic. The total area of the house is 201,02 sq.m., the useful area is 138,56 sq.m., the living area is 90,07 sq.m., the area of cellars or semi-cellars is 62,46 sq.m., the volume of the building is 746 cubic metres, the built-up area is 122,00 sq.m., the number of rooms is 5. The building is equipped with district heating, communal water supply, communal sewage disposal; gas is not indicated in the register for the dwelling itself. Energy efficiency class D, calculated thermal energy consumption for heating the building is 175,90 kWh/sq. m/year.

Constructive description: the dwelling house has concrete foundations, timber-framed walls with painted cladding, pitched roof covered with asbestos-free cement cladding, plastic-framed windows with double-glazed windows, laminated doors, parquet, tiles and carpeted floors, painted walls and ceilings, wooden stairs. The property also includes a building - outbuilding, unique No. 4400-1097-3742, purpose group - ancillary, main use - auxiliary, main use - ancillary farm, plan designation - 2I1p. The year of construction of the outbuilding was 1979, the year of completion was 1980, the completion rate is 100 %, the walls are made of brick, the number of storeys is 1, there is no heating, there is communal water supply and communal sewage disposal. The volume of the building is 493 cubic metres and the built-up area is 119,00 sq.m. Such an ancillary building adds to the practical usefulness of the whole property, as it can be used for storage, economic activities, workshops, inventory, machinery or other domestic and ancillary purposes.

The general condition of the mortgaged property is considered by the appraisers as good. The property is a complete package: the dwelling house is reconstructed, 100 % complete, with utilities, a plot of land of sufficient size, landscaped surroundings, a terrace and an outbuilding. The best and most rational use of the property is in accordance with its current intended purpose and use - permanent residence in a single-family house. Alternative uses and additional development opportunities are not foreseen, therefore, from an economic and functional point of view, the main use of the property remains residential.

The attractiveness of the property is enhanced by several key factors: a sufficiently large land plot of 0,2645 hectares, an asphalted access road, municipal water supply and sewage, reconstruction of the residential house, good general condition, 5-room layout, cellar or semi-cellar, outbuilding, well-maintained surroundings and the proximity of the city of Jurbarkas. Negative or liquidity-limiting factors are the fact that the property is not located in a major city, but in a regional market, which means that the pool of potential buyers is narrower than in the suburbs of a major city. However, in the context of Jurbarkas district the property is considered to be sufficiently competitive as it meets the basic requirements for a family dwelling and is in good condition.

The property is a functionally complete residential real estate complex consisting of a land plot of 0,2645 hectares, a dwelling house of 201.02 sq.m gross floor area, and a farm building of 119.00 sq.m built-up area. The property is in good condition, with a well-developed engineering infrastructure, convenient asphalted access, landscaped surroundings and habitable premises. The best use of the property is permanent living in a single-family house. The liquidity on the market of Jurbarkas district is considered to be sufficient or good for this type of regional residential property, as the property has a clear range of potential buyers, good functional adaptability and an attractive living environment.

For more information 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 7 500.00 € - 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:* 2026-06-05

Estimated loan repayment date:* 2027-06-05

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 MB Gelmis

Company code 306252598

Company registration address

Ryto g. 2A Jurbarkas Lietuva 74112

MB Gelmis was founded on 2023-02-20. Main activities: Manufacture of bread; manufacture of fresh pastry goods and cakes (EVRK 107100); Manufacture of bakery and farinaceous products; Provision of prepared meals for events and other food service activities; Catering and beverage service activities ; Retail sale of bread, cakes and other farinaceous products; Retail sale of beverages for on-the-spot consumption; Retail sale of bread, rolls, confectionery and sugar confectionery in specialised stores; Retail sale of food, beverages and tobacco products in kiosks and markets; Retail sale of food, beverages and tobacco in non-specialised stores. The partnership may engage in any other activity which is not contrary to the legislation of the Republic of Lithuania.

Shareholders of the company:

Indrė Ryliškė - 100% of the shares.

Loan protection collateral

Loan collateral:

Pledge of first-rank mortgage on the property located at the address of Jurbarkas d., Jurbarkų mun., Jurbarkai, Gegužės 1-osios st. 3, Lithuania:

Land plot with the address of Jurbarkas d., Jurbarkų mun., Jurbarkai, Gegužės 1-osios st. 3, Lithuania, unique No. 4400-1951-7241, cadastral No. 9424/0004:653 Jurbarkų k. v. v., area - 0,2645 ha, the main use of the object - Other, the manner of use - Territories of one- and two-apartment residential buildings;
Building - Dwelling house, the address of which is Jurbarkas d., Jurbarkų mun., Jurbarkai, Gegužės 1-osios st. 3, Lithuania, unique No. 4400-1097-3694, total area - 201,02 sq. m, main use of the object - Single-family, completion - 100%;
Construction - Outbuilding, the address of which is Jurbarkas d., Jurbarkų mun., Jurbarkai, Gegužės 1-osios st. 3, Lithuania, unique No. 4400-1097-3742, built-up area - 119,00 sq. m, main use of the object - Auxiliary farm, completion - 100%.

Value of the pledged property: EUR 149 000.

Additional collateral:

Guarantee of the company (borrower) (promissory note in double amount);
Personal guarantee of the shareholder and director Indrė Ryliškė.

Description of the pledged property

The pledged real estate is located at the address of Jurbarkas district, Jurbarkų municipality, Jurbarkai, Gegužės 1-osios st. 3. The property is close to the town of Jurbarkas and is classified as a residential area, characterised by a quieter residential environment, lower intensity of development and good accessibility to the city infrastructure. The mortgaged property is located in value zone 12.2, which covers the village of Jurbarkiai and the adjacent part of the village of Dainiai; this zone is characterised as an area with a relatively well-developed system of roads and streets and communications, and the predominant development is single and two-family residential buildings built on residential land.

The village of Jurbarkai is located on the Jurbarkas-Skaudvilė road and is the centre of the district, therefore the location of the mortgaged property is considered by the appraisers to be convenient both for permanent residence and for daily communication with the town of Jurbarkas. The city of Jurbarkas, as the administrative and service centre of the district, is accessible within a few minutes by car, making shopping, education, medical, administrative and other daily services easily accessible to residents. At the same time, the location retains the advantages of a more rural, less intensive residential environment, such as greater privacy, lower population density, a quieter environment and a close connection to the green areas and natural landscape of the region. The documents note that the area is considered attractive for residential use due to its tranquillity, proximity to the city, natural environment and good accessibility.

The accessibility of the mortgaged property is convenient, with a tarmac road leading to the site, which is a significant advantage for a residential property, especially compared to more remote rural areas, where the access is often on gravel roads or less maintained local roads. The site is located in a residential environment dominated by detached dwellings, and the territory itself is documented as having or has access to engineering infrastructure: natural gas communications, centralised water supply and centralised sewage disposal are indicated; the dwelling has registered local heating, municipal water supply and municipal sewage disposal.

Jurbarkas district municipality is located in the southwestern part of Lithuania along the Nemunas River with the town of Jurbarkas as its administrative centre. Jurbarkas is located on the Kaunas-Klaipėda road and has a marina, and the distances from Jurbarkas to major centres are about 90 km to Kaunas, about 140 km to Klaipėda and about 190 km to Vilnius. This location is not a metropolitan commuter location, but it is regionally convenient, especially for persons who are interested in living close to the city of Jurbarkas, but in a quieter environment of individual houses.

The location of the mortgaged property is considered to be a good location for a residential property in the context of Jurbarkas district. The main advantages of the location are its proximity to the city of Jurbarkas, convenient access via an asphalted street, a residential environment suitable for residential use and established individual houses, sufficient development of engineering infrastructure, a quiet environment and the possibility to use the services of the city, while maintaining a more private way of life. These factors have a positive impact on the attractiveness, demand and liquidity of the property in the local housing market.

For more 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.
The project is completed.
The company has been operating for more than 3 years.

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.
Loan refinancing.

Documents

#	File name	File type	Actions
1	Nuostatai.pdf
2	Turto vertinimo ataskaita.pdf
3	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 To increase the company's working capital

Amount of funding 89 500 €

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 52 150.00 €

The purpose of the loan

About the project

For more information 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 7 500.00 € - 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:* 2026-06-05

Estimated loan repayment date:* 2027-06-05

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

2026-04-22

Assessor

UAB Vertinimo partneriai

Loan collateral:

Pledge of first-rank mortgage on the property located at the address of Jurbarkas d., Jurbarkų mun., Jurbarkai, Gegužės 1-osios st. 3, Lithuania:

Land plot with the address of Jurbarkas d., Jurbarkų mun., Jurbarkai, Gegužės 1-osios st. 3, Lithuania, unique No. 4400-1951-7241, cadastral No. 9424/0004:653 Jurbarkų k. v. v., area - 0,2645 ha, the main use of the object - Other, the manner of use - Territories of one- and two-apartment residential buildings;
Building - Dwelling house, the address of which is Jurbarkas d., Jurbarkų mun., Jurbarkai, Gegužės 1-osios st. 3, Lithuania, unique No. 4400-1097-3694, total area - 201,02 sq. m, main use of the object - Single-family, completion - 100%;
Construction - Outbuilding, the address of which is Jurbarkas d., Jurbarkų mun., Jurbarkai, Gegužės 1-osios st. 3, Lithuania, unique No. 4400-1097-3742, built-up area - 119,00 sq. m, main use of the object - Auxiliary farm, completion - 100%.

Value of the pledged property: EUR 149 000.

Additional collateral:

Guarantee of the company (borrower) (promissory note in double amount);
Personal guarantee of the shareholder and director Indrė Ryliškė.

Description of the pledged property

For more information (see About the project) (see Documents).

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