Žemaitijos 3
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Annual fixed-return rate- 8.49%
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We would like to inform you that InRento has transferred the investors the share of the profit of InRento, which is distributed on the sale of the Project Assets. Which for a number of investors has increased the amount of profit which would be distributed in a case of profit payout. For a detailed explanation please read below.
Previously, the investor’s profit share was set based on the investment amount:
Invested up to EUR 15,000 – 70%;
Invested from EUR 15,000 EUR (inclusive) up to EUR 30,000 – 75%;
Invested from EUR 30,000 EUR (inclusive) – 80%.
After InRento has transferred its share of the profit, all investors’ share of the profit is equal to 80%. However, based on the amount invested, an accounting fee may be applied:
Invested up to EUR 15,000 – 0.12;
Invested from EUR 15,000 (inclusive) up to EUR 30,000 – 0.06;
Invested from EUR 30,000 (inclusive) – 0 (investment terms have not changed).
In the case of this project, for a certain group of investors in case of profit payout, the net amount grows. Below you can find an example and comparison of how a payout of 100 EUR changes based on the previous and updated structure:
Previous structure:
Invested up to EUR 15,000 – payable profit 70 EUR = 70% * EUR 100;
Invested from EUR 15,000 (inclusive) up to EUR 30,000 – payable profit 75 EUR = 75% * EUR 100;
Invested from EUR 30,000 (inclusive) payable profit 80 EUR = 80% * EUR 100 (investment terms have not changed).
From now:
Invested up to EUR 15,000 – payable profit 70.4 EUR = 80% * EUR 100 * (1-0.12). The amount grows.
Invested from EUR 15,000 (inclusive) up to EUR 30,000 – payable profit 75.2 EUR = 80% * EUR 100 * (1-0.06). The amount grows.
Invested from EUR 30,000 (inclusive) payable profit 80 EUR = 80% * EUR 100 * (1-0.00). Investment terms have not changed.
We are introducing this fee in order to optimize and standardize the methodology of internal accounting procedures and resources, due to the reason the payable amounts and percentages range between projects. This is an operationally intensive process. Additionally, for every payment InRento facilitates, it pays service fees to payment services providers, and in order to ensure cash flow positive operations, a decision was taken to introduce a percentage based tariff on profit rather than gross project profit.
We would like to clarify that investors’ interest from a share of the profit to be distributed on the sale of the assets will be paid out net, which means all applicable fees will be deducted before payment.
Due to the technical issue, for some of the investors, rental income (interest) was recalculated and paid one day later (July 8th). The project is on track and technical issues were solved and interest was paid out successfully.
In case of any questions, do not hesitate to call: +37069347427 or write an email to info@inrento.com
We would like to inform you, that the mortgage on the Žemaitijos 3 assets has been successfully placed (document is attached in the documents section). The interest for investments will be distributed on June 7.
If you have any questions, do not hesitate to contact us at info@inrento.com or call us at +37069347427.
InRento team