Projects list

Simono Grunau st. 16, Vilnius, Lithuania (1 stage)

Waiting for investments

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

Investors 4

Raised:
474 € Goal:
100 000 €

0.47%

How much will I earn if I invest:

Investment size

100.00 €

99 526.00 €

15% 15.25% 15.5% 15.75% 16%

With this project in one month I will earn

€

After 12 months I will earn

€

After 24 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 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 99 000.00 €

Purpose of the Loan

The financing requires a total of 169,800 EUR, which is being raised in stages. The loan proceeds will be used to purchase real estate—a land plot located at Simono Grunau St. 16, Vilnius—and to begin project development. The land use designation for the 0.1605-hectare plot is “multi-family residential buildings and dormitories,” so the property is intended for the development of a residential project. The market value of the mortgaged property is 283,000 EUR, and the loan-to-value (LTV) ratio is 60%. The project loan will be repaid using proceeds from the sale of the developed property or by refinancing it with another financial institution. The amount that the project owner is contributing to the project is 99,000 EUR.

About the Project

Collateral: 0.1605 ha, or 1,605 sq. m, a land plot in Vilnius, at 16 Simono Grunau St., unique No. 4400-5106-5737, cadastral No. 0101/0167:4351, Vilnius City Cadastral District Primary land use purpose – other; type of use – area for multi-family residential buildings and dormitories. The plot was formed through cadastral surveying. The land plot is undeveloped and has flat terrain. 16 Simono Grunau St. is part of a larger complex of 13 land plots located in the same area. On August 3, 2026, the market value of the plot at 16 Simono Grunau St. was determined to be 283,000 EUR. The value was determined using the comparative approach.

The appraisers conclude that the highest and best use of this property is for the construction of residential buildings. This logically corresponds to the registered land use designation—areas for multi-family residential buildings and dormitories. The property’s liquidity is assessed as average to good within the segment of land plots designated for development. This is not a mass-market, pre-built residential property, so the pool of potential buyers is narrower; however, the property is located in Vilnius, in the rapidly developing Pilaitė district, and has a clear designation for the development of multi-family residential buildings. The appraiser also notes that land plots of this nature are sold on the market fairly frequently; therefore, the comparative approach based on actual transactions could be applied to determine their value.

In summary, as collateral for the loan, the unencumbered 1,605 sq. m. plot is suitable for residential development, has a clear intended use, and is located in a promising area of Vilnius. On August 3, 2026, the market value was determined to be 283,000 EUR, and with a loan of 169,800 EUR, the initial LTV is 60%.

More about the project (see Documents).

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:* 2026-10-30

Estimated loan repayment date:* 2028-10-30

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 Irvis

Company code 308126954

Company registration address

Šaltinėlio g. 2F Zujūnai Lietuva 04160

MB Irvis — a company established on September 8, 2026. Main area of activity: Retail trade in non-specialized stores (EVRK 471000). The association’s other objectives are described in detail in the attached MB Irvis bylaws. The company may engage in any other activities that do not conflict with the laws of the Republic of Lithuania.

The company’s planned main activities: construction work, facility installation, renovation, implementation of real estate projects, retail trade.

Šarūnas Karalevičius holds 100% of the company’s shares.

Loan protection collateral

Loan Collateral:

Property located at Simono Grunau St. 16, Vilnius, Lithuania pledged as a first-priority mortgage:

A land parcel located at Simono Grunau st. 16, Vilnius, Lithuania, unique No. 4400-5106-5737, cadastral No. – 0101/0167:4351 in the Vilnius City Cadastral Register, area – 0.1605 ha, primary intended use – Other, type of use – Area for multi-family residential buildings and dormitories.

Value of the mortgaged property: 283,000 euros.

Additional security measures:

Guarantee from the company (borrower) (promissory note for double the amount);
Personal surety by shareholder and director Šarūnas Karalevičius;
A deposit equal to 3 (three) months’ interest.

Description of the property being pledged

The real estate being pledged is located in Vilnius, at 16 Simono Grunau St., in the northern part of the Pilaitė eldership—Naujoji Pilaitė. The property is situated in Zone 57.44, an area undergoing particularly rapid urbanization: new neighborhoods of single-family, two-family, and multi-family residential buildings are being developed there, detailed plans have been prepared, streets are being designed, and utilities are being installed.

Simono Grunau Street is integrated into the Pilaitė street network, so access to other parts of Vilnius is considered convenient. The area is served by the city’s main utility networks—electricity, water supply, sewerage, and street lighting—as well as public transportation. The surrounding area is dominated by new residential construction and a developing urban residential environment.

The location’s appeal is further enhanced by nearby shopping centers, educational, healthcare, and sports facilities, as well as bus stops. The main advantages of the location are its connectivity to the city center and the Western Bypass, well-developed infrastructure, and active development of new residential projects.

The main disadvantages of the location are traffic congestion in Pilaitė during rush hour and the actual distance of approximately 7–8 km to central Vilnius, which can result in longer travel times during the morning and evening rush hours. Nevertheless, appraisers directly assess the property’s overall location as good and suitable for residential and commercial development. SIt is important to distinguish between the neighborhood’s overall infrastructure and the specific plot’s utility connections. At the time of the appraisal, the lot was undeveloped and overgrown with mixed vegetation, and the nearest electrical service connection for the entire complex of appraised lots was indicated to be approximately 50 m away.

The appraisers consider the property’s location to be good and promising for residential development. The main positive factors include the fact that the property is located within the city of Vilnius, the rapidly urbanizing Naujoji Pilaitė district, active new residential development, connectivity to the city’s street network, and access to key city services. A negative factor is traffic congestion in Pilaitė during peak hours. The overall development of the area should be favorable for the plot’s marketability and long-term value.

For more detailed 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 15.00-16.00%.

Threats:

Uncertain economic situation.
Rising cost of building materials.

Documents

#	File name	File type	Actions
1	Nuostatai MB Irvis
2	Turto vertinimo ataskaita
3	PIID (1 etapas)

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 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 99 000.00 €

Purpose of the Loan

About the Project

More about the project (see Documents).

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 %

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:* 2026-10-30

Estimated loan repayment date:* 2028-10-30

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

2026-08-03

Assessor

UAB Vertinimo partneriai

Loan Collateral:

Property located at Simono Grunau St. 16, Vilnius, Lithuania pledged as a first-priority mortgage:

A land parcel located at Simono Grunau st. 16, Vilnius, Lithuania, unique No. 4400-5106-5737, cadastral No. – 0101/0167:4351 in the Vilnius City Cadastral Register, area – 0.1605 ha, primary intended use – Other, type of use – Area for multi-family residential buildings and dormitories.

Value of the mortgaged property: 283,000 euros.

Additional security measures:

Guarantee from the company (borrower) (promissory note for double the amount);
Personal surety by shareholder and director Šarūnas Karalevičius;
A deposit equal to 3 (three) months’ interest.

Description of the property being pledged

For more detailed information (see About the Project) (see Documents).

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