Projects list

Mėguvos st. 6 and 8, Palanga, Lithuania (1 stage)

Waiting for investments

Amount of funding 150 000 €

LTV 51%

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 25

Raised:
4 259 € Goal:
150 000 €

2.84%

How much will I earn if I invest:

Investment size

100.00 €

145 741.00 €

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 150 000 €

LTV 51 %

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 490 000.00 €

Objective of the loan

The financing requires an amount of €715,000 to be raised in phases. The loan will be used for the acquisition of real estate - two plots of land located at 6 and 8 Mėguvos st., Palanga and the start of construction. Both plots are located in the same urban complex. According to their purpose, the plots are classified as multi-family residential areas and residential buildings. The total area of both plots is 0,4000 ha. Both plots have received building permits for the construction of multi-family residential buildings, i.e. two multi-family residential buildings with a total area of 3190,32 m². The loan will be repaid either from the proceeds of the sale of the properties under development or by refinancing with another financial institution at a later stage of the development. The amount to be committed by the project owner itself is EUR 490 000.

About the project

The project consists of two land plots located at Mėguvos st. 6 and Mėguvos st. 8, Palanga, with an area of 0.2000 ha each, resulting in a total area of the land plots of 0,4000 ha. The use of the plots is other, the use method is residential territories, the use type is low-rise residential buildings. Both plots were formed after cadastral measurements and are owned by the owners.

Each plot has a separate building permit for the construction of a multi-family residential building:

Building permit No. 226 - Mėguvos st. 6
Building permit No. 227 - Mėguvos st. 8

The building permits were issued on 2008-07-08 by the Palanga City Municipality Administration, the type of construction - new construction, the category of construction - non-extraordinary construction.

According to the prepared technical design, it is envisaged to construct two identical multi-family dwellings on both plots.

According to the general and architectural solutions of the technical design, the main characteristics of each of the buildings to be constructed are as follows:

Indicators of each building:

gross floor area - 1595,16 m²
useful floor area - 1554,75 m²
living area - 980,54 m²
building volume - approx. 4050 m³
number of floors – 3 floors with attic
building height – approx. 12.0 m
Number of flats - 21 flats

As the project consists of two identical buildings, the common project indicators are:

total floor area of the buildings - approx. 3190.32 m²
total useful floor area - approx. 3109.50 m²
total living area - approx. 1961.08 m²
total building volume - approx. 8100 m³
total number of flats - 42 flats

The projected buildings are classified as a group of buildings for residential purposes (multi-family dwelling buildings).

The project has been developed in one stage, the technical design stage, and comprises the following main parts:

site development part
architectural part
water supply and sewage disposal part
electrical part
electrical part
pipeline part
heating and ventilation part.

The projected plots are intended to provide all the necessary infrastructure for the operation of the dwelling house.

On one plot:

10 parking spaces in the ground parking lot
7 parking spaces in the basement of the building
Total of 17 parking spaces are planned per building.
Since two buildings are proposed, the total number of parking spaces is 34.

The plots shall also provide for:

access roads and pedestrian walkways
decorative waste container spaces
planting and landscaping elements
utility inlets.

Buildings shall be provided on the plots in accordance with the standard setback distances to the boundaries of the plot and to any other buildings. The building structures shall be designed in accordance with the applicable technical building regulations, ensuring mechanical durability, stability and fire safety. The buildings will be connected to the city engineering networks. The engineering systems will ensure adequate living conditions, energy efficiency and compliance with hygiene standards.

The structural solutions of the buildings envisage a traditional construction scheme for multi-family residential buildings:

foundations - reinforced concrete piles
walls - block masonry
slabs - monolithic reinforced concrete
roofs - roofing - overlapping with a waterproofing adhesive coating.

The following main engineering solutions are foreseen:

water supply and domestic sewage networks
waste water system
electricity networks
pipeline networks
heating system
ventilation system.

Taking into account the use of the plots, the building permits and the technical design, the optimal use of the mortgaged property is the construction of multi-family dwellings and the sale of apartments on the residential or recreational housing market. As one of the most important Lithuanian resorts, Palanga is constantly in demand for holiday housing by the sea, second homes and investment apartments for rent. Therefore, the construction of the projected two apartment buildings is in line with both the urban structure of the territory and the market needs.

The mortgaged property has the following investment characteristics:

attractive location in a resort town by the Baltic Sea;
sufficiently large total area of the plots of land - 0.4000 ha;
valid building permits;
prepared technical project;
clear design indicators - 42 apartments in two buildings;
developed infrastructure of the resort town.

For these reasons, the mortgaged property is considered to have a medium-high investment attractiveness and a good liquidity on the market. In the opinion of the valuers, the mortgaged property, which consists of two plots of land with valid building permits and a technical design for the construction of two identical apartment blocks, has favourable development potential. The project envisages the construction of two apartment buildings with a total of 42 apartments and a total floor area of approximately 3190 m². Taking into account the status of a resort town, the recreational potential of the area and the project's development potential, the mortgaged property is to be considered as a promising investment object with realistic development opportunities and a sufficiently good realisation potential on the real estate market.

For more information about the project (see Description of the mortgaged property) (see Documents).

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 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:* 2026-03-27

Estimated loan repayment date:* 2027-03-27

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 Meguva Invest

Company code 307144497

Company registration address

Veiverių g. 9B - 41 Vilnius Lietuva LT-11346

UAB Meguva Invest - company incorporated on 14/04/2025. Activities: a) Management of real estate on a fee or contract basis (EVKR 683200); b) renting and operating of own or leased real estate; c) purchase and sale of own real estate; d) construction of residential and non-residential buildings. The company may engage in any other activity which is not contrary to the legislation of the Republic of Lithuania.

UAB Meguva Invest develops residential and non-residential building projects and invests in real estate development. It is a real estate company engaged in real estate operations, purchase and sale of real estate, as well as real estate leasing and operation activities.

The shareholder of the company is 100% Darius Tereikis.

Loan protection collateral

Loan collateral:

Pledge of first-rank mortgage on the property located at Mėguvos st. 6 and 8, Palanga, Lithuania:

Land plot with the address Mėguvos st. 6, Palanga, the area of which is 0,2000 ha, unique No. 4400-0748-2073, cadastre No. 2501/0010:185 Palanga cadastral area, purpose of use – other, type of use – Residential areas;
Land plot with the address Mėguvos st. 8, Palanga, the area of which is 0,2000 ha, unique No. 4400-0748-2132, cadastral No. 2501/0010:186 Palanga cadastral area, purpose of use – other, type of use – Residential areas.

Value of the pledged property: 1 400 000 euro.

Additional security:

Company (borrower) guarantee (double promissory note);
Director's and shareholder's guarantee;
3 (three) months interest deposit.

Description of the pledged property

The pledged property is located in the municipality of Palanga, at the addresses of Mėguvos st. 6 and Mėguvos st. 8, Palanga, in the north part of Palanga, in the territory of the Šventoji settlement.

Palanga is located in the northwestern part of Lithuania, by the Baltic Sea, about 25 km from the city of Klaipeda. It is one of Lithuania's most important resorts, with a well-developed tourism, recreation and wellness infrastructure, and a favourable natural environment - the seaside, sandy beaches, pine forests and the effects of the marine climate. The town has been granted the status of a resort, which gives it a high potential for recreational and investment real estate.

The mortgaged property is located in the real estate value zone 30.6, which includes the settlement of Šventoji, which is approximately 12 km north of the city centre of Palanga and about 8 km from the border of the Republic of Latvia. The area is characterised by a concentration of recreational facilities, recreational infrastructure and residential development.

Mėguvos Street is a rapidly developing part of Palanga, dominated by low and medium intensity residential and recreational development. The surrounding area is dominated by new construction or reconstruction of residential and recreational buildings in line with modern urban design. The area is characterised by a quiet character, low density of development, visually attractive environment and favourable conditions for recreation.

The location is convenient in terms of transport connections - Mėguvos street has good connections with the street network of Palanga and regional roads. It provides easy access to Palanga city centre, seaside recreational areas, tourism infrastructure and other city facilities. The area is easily accessible by individual transport, which is the main means of transport in this part of the city.

The area is urbanised and integrated into the city's infrastructure, so there is an opportunity to connect to the main engineering networks. There are social and recreational infrastructure facilities in the vicinity, such as recreational facilities, service and shopping facilities, wellness centres and tourism infrastructure.

The mortgaged property consists of two land plots, each with an area of 0.2000 ha, and the use of which is residential territories, construction of low-rise residential houses.

The land plots are subject to certain special land use conditions related to the protection zone for groundwater water bodies and flood risk areas, but these conditions are not unusual for seaside areas and are generally considered to be managed by design and construction decisions.

The location of the mortgaged property in the northern part of the city of Palanga, in the Sventoji settlement, is assessed by the appraisers as a promising and attractive location for the development of real estate for residential and recreational purposes. The area is characterised by good transport infrastructure, a favourable urban environment and strong recreational potential of the resort town, and is therefore considered suitable for the development of higher-value residential or recreational projects.

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.
3 months interest deposit

Weaknesses:

The borrower has been operating for less than a year.
Borrower 's activities are in a competitive sector.

Possibilities:

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

Threats:

A young company.
Uncertain economic situation.
Rising cost of building materials.

Documents

#	File name	File type	Actions
1	Įstatai UAB Meguva Invest.pdf
2	Turto vertinimo ataskaita.pdf
3	SLD Mėguvos g. 8.pdf
4	SLD Mėguvos g. 6.pdf
5	Žemės sklypų planai.pdf
6	Techninis projektas.pdf
7	PIID (1 etapas).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 Real estate development

Amount of funding 150 000 €

LTV 51 %

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 490 000.00 €

Objective of the loan

About the project

Each plot has a separate building permit for the construction of a multi-family residential building:

Building permit No. 226 - Mėguvos st. 6
Building permit No. 227 - Mėguvos st. 8

According to the prepared technical design, it is envisaged to construct two identical multi-family dwellings on both plots.

According to the general and architectural solutions of the technical design, the main characteristics of each of the buildings to be constructed are as follows:

Indicators of each building:

gross floor area - 1595,16 m²
useful floor area - 1554,75 m²
living area - 980,54 m²
building volume - approx. 4050 m³
number of floors – 3 floors with attic
building height – approx. 12.0 m
Number of flats - 21 flats

As the project consists of two identical buildings, the common project indicators are:

total floor area of the buildings - approx. 3190.32 m²
total useful floor area - approx. 3109.50 m²
total living area - approx. 1961.08 m²
total building volume - approx. 8100 m³
total number of flats - 42 flats

The projected buildings are classified as a group of buildings for residential purposes (multi-family dwelling buildings).

The project has been developed in one stage, the technical design stage, and comprises the following main parts:

site development part
architectural part
water supply and sewage disposal part
electrical part
electrical part
pipeline part
heating and ventilation part.

The projected plots are intended to provide all the necessary infrastructure for the operation of the dwelling house.

On one plot:

10 parking spaces in the ground parking lot
7 parking spaces in the basement of the building
Total of 17 parking spaces are planned per building.
Since two buildings are proposed, the total number of parking spaces is 34.

The plots shall also provide for:

access roads and pedestrian walkways
decorative waste container spaces
planting and landscaping elements
utility inlets.

The structural solutions of the buildings envisage a traditional construction scheme for multi-family residential buildings:

foundations - reinforced concrete piles
walls - block masonry
slabs - monolithic reinforced concrete
roofs - roofing - overlapping with a waterproofing adhesive coating.

The following main engineering solutions are foreseen:

water supply and domestic sewage networks
waste water system
electricity networks
pipeline networks
heating system
ventilation system.

The mortgaged property has the following investment characteristics:

attractive location in a resort town by the Baltic Sea;
sufficiently large total area of the plots of land - 0.4000 ha;
valid building permits;
prepared technical project;
clear design indicators - 42 apartments in two buildings;
developed infrastructure of the resort town.

For more information about the project (see Description of the mortgaged property) (see Documents).

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 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:* 2026-03-27

Estimated loan repayment date:* 2027-03-27

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

51%

Documentation

Asset Valuation Report

Report preparation date

2026-01-29

Assessor

UAB Vertinimo partneriai

Loan collateral:

Pledge of first-rank mortgage on the property located at Mėguvos st. 6 and 8, Palanga, Lithuania:

Land plot with the address Mėguvos st. 6, Palanga, the area of which is 0,2000 ha, unique No. 4400-0748-2073, cadastre No. 2501/0010:185 Palanga cadastral area, purpose of use – other, type of use – Residential areas;
Land plot with the address Mėguvos st. 8, Palanga, the area of which is 0,2000 ha, unique No. 4400-0748-2132, cadastral No. 2501/0010:186 Palanga cadastral area, purpose of use – other, type of use – Residential areas.

Value of the pledged property: 1 400 000 euro.

Additional security:

Company (borrower) guarantee (double promissory note);
Director's and shareholder's guarantee;
3 (three) months interest deposit.

Description of the pledged property

The mortgaged property consists of two land plots, each with an area of 0.2000 ha, and the use of which is residential territories, construction of low-rise residential houses.

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

Documents

#	File name	File type	Actions
1	Įstatai UAB Meguva Invest.pdf
2	Turto vertinimo ataskaita.pdf
3	SLD Mėguvos g. 8.pdf
4	SLD Mėguvos g. 6.pdf
5	Žemės sklypų planai.pdf
6	Techninis projektas.pdf
7	PIID (1 etapas).pdf

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