S35, Kaunas I - 0
S35, Kaunas I - 1
S35, Kaunas I - 2
S35, Kaunas I - 3
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S35, Kaunas I - 5
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S35, Kaunas I - 8
S35, Kaunas I - 9
S35, Kaunas I - 10
S35, Kaunas I - 11

S35, Kaunas I

Kaunas
Project updates (6)
Funding stages
S35, Kaunas I - 0
S35, Kaunas I - 1
S35, Kaunas I - 2
S35, Kaunas I - 3
S35, Kaunas I - 4
S35, Kaunas I - 5
S35, Kaunas I - 6
S35, Kaunas I - 7
S35, Kaunas I - 8
S35, Kaunas I - 9
S35, Kaunas I - 10
S35, Kaunas I - 11
Available for funding: €0
 
€134 500
47 investors

The annual return indicates the fixed-interest rate, or what investors shall earn in percentages. Percentage may depend on amount of the investment. To see specific returns please enter investment amount above.

 Annual fixed-return rate
8.25%

This number indicates what part of the profit share you would earn when the property is sold for profit or fixed annual capital gains that would be paid when project is realised. More information can be found by scrolling below the project description.

 Capital Gains
45% – 55% <br/>from profit

Shows amount you've entered for amount of your investment above. Minimum investment amount is EUR 500.

 Invest:
-

Shows amount that you are expected to earn during one year of investment. Earnings are automatically calculated when you enter the investment amount above.

 Earn:
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Total expected
earnings:

Total expected
earnings:

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Security indicates the measures that are being taken to secure your investment. Mortgage means the funds of investors are secured by mortgaging the asset in the name of investors. In case of project owner's default the mortgage of the asset would be used to recover principal investment of investors.

 Security:
1st-rank Mortgage

Investment rating show the risk level assigned to the project. A = lowest risk, while D = highest risk. InRento risk scoring is based on factual data and its scoring model can be discovered transparently at the bottom of this page.

 Investment Rating:
A

The InRento team is launching a new buy to let investment opportunity located in Kaunas, Lithuania. The investment case consists of two facilities located in the city centre, address: Šiaulių g. 35, Kaunas (referred to as S35, Kaunas I). The medical facilities are just 2 minutes away by walk from the bus and the train stations.

This project has an A Risk Rating. The building was originally constructed in 1984 and will be completely renovated by the end of this year (2021). Although the premises are not yet decorated, the tenant will complete the interior by investing at least EUR 80,000. The project owner has established a 10-year rental contract with a medical clinic.

The usage of the premises (by Registry centre) - medical, Kaunas has a shortage of medical usage facilities inside the city. The total area of the premises is 177.19 m² (106.6 m² and 76.59m²), currently, while the tenant is still finishing the interior, the monthly rent is 50% lower - 885.95 EUR. However, the tenant will start to pay full rent - 1771.9 EUR from the month of December. Until then, the project owner will be paying the investors a 6.01% fixed-interest rate and when the tenant will pay the full rent, the monthly rent will reach 6.01%.

This project on the InRento platform will be funded over 3 stages:

1st - 134,500 EUR in August,
2nd -134,500 EUR in September and
3rd - 49,500 EUR when the tenant has the interior decorated and the project owner will provide an appraisal report with a value of not lower than 318,500 EUR. 

Reasons to invest in S35, Kaunas I:

  • Facilities in the city centre; 
  • Long term - 10-year rental contract (tied with inflation);
  • The tenant is investing in the facilities 80,000 EUR;
  • Attractive rental yield; 
  • The premises have been independently valued at 288,000 EUR;

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The tenant:

Medical clinic, which already has clinics in the cities of Klaipėda and Vilnius, the company specializes in the treatment of children. 

The rental contract has a 10-year duration, currently, while the tenant is still finishing the interior, the monthly rent is 50% lower - 885.95 EUR. However, the tenant will start to pay full rent - 1771.9 EUR from the month of December. Until then, the project owner will be paying the investors 6.01% fixed-interest rate and when the tenant will pay the full rent, the monthly rent will reach 6.01%.

The rental contract is valid until 2031-07-15 and each of its year, the price will be increased according to inflation. The tenant also has a pre-emptive right for property acquisition when the project owner would sell.

Financial terms of the investment:

  • Maximum term: 120 months (10 years)
  • Rental income share: Investors: 90% / Project owner: 10%
  • Fixed-interest rate: 2%
  • Increased interest rate: 6.01%
  • Security: 1st charge Mortgage


InRento investors are effectively granting a loan to the borrower. The loan is secured with a first-charge mortgage, which in case of the borrower’s inability to fulfil financial obligations would be used to repossess the asset. 
The revenue-share between the project owner investors is set at 90/10. Until the tenant begins paying full rental income, the borrower will distribute 6.01% fixed-interest payouts.

The capital growth distribution: 

  • Investors: 45% 
  • Borrower: 45% 
  • InRento: 10%

When investing: 

15,000 - 29,999 EUR - the capital growth will be distributed in the following structure: 50% investor / 45% borrower / 5% InRento.

30,000 EUR and more - the capital growth will be distributed in the following structure: 55% investor / 45% borrower.

Rental income (interest): 

The funding term for this project is 60 days. Rental income (interest) for investors will be calculated from the time the asset is mortgaged against the loan.

The first interest payment will take place on the next 25th day of the month after the mortgage agreement is concluded. 

The project owner (borrower):

MB „Rego Properties“ - is a company serving as a special vehicle for InRento investments. The CEO of the company - Andrius Rimdeika is a former investment banker, who has worked in investment firms such as ”Morgan Stanley” and “Prime investment”. 

When is it possible to "exit the project"?

When the project is fully funded you will be able to sell your investment on the secondary market. The fee for the secondary market transactions is 2% of the principal value, which is charged to the seller.

What happens if the tenants leave the property?

In a scenario of the tenant cancelling the tenancy, the borrower is liable to pay a 2% annual interest rate for the first 6 months of vacancy. If the borrower does not rent out the assets within 6 months, the fixed-interest rate would be increased to 6.01% per annum.

What will happen when the property is sold?

When the property is sold at a higher price than it was acquired, the capital growth will be distributed in the following structure: 45% investors / 45% borrower / 10% InRento. The project owner assumes potential loss if the property is sold at a lower price.  

Key investment risks:

Risk of falling prices: The price of the property might fall due to the increase in supply or decrease in demand in the area or other economic factors.

Liquidity risk: The borrower might be unable to find a buyer in order to sell the property.

Tenant risk: Although the assets are currently fully rented out, there is a risk that the asset can lose a tenant and it can take time to find replacements.

Investing with InRento, is similar to owning a rental property, however with us you don't have to worry about day-to-day property management and in the periods of vacancies, the borrower is required to distribute fixed-interest payments, which protects your bottom line.
 

2023-03-14

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 that would be distributed in a 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 – 45%;
Invested from EUR 15,000 EUR (inclusive) up to EUR 30,000 – 50%;
Invested from EUR 30,000 EUR (inclusive) – 55%.

After InRento has transferred its share of the profit, all investors’ share of the profit is equal to 55%. However, based on the amount invested, an accounting fee may be applied:

Invested up to EUR 15,000 – 0.18;
Invested from EUR 15,000 (inclusive) up to EUR 30,000 – 0.09;
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 45 EUR = 45% * EUR 100;
Invested from EUR 15,000 (inclusive) up to EUR 30,000 – payable profit 50 EUR = 50% * EUR 100;
Invested from EUR 30,000 (inclusive) payable profit 55 EUR = 55% * EUR 100 (investment terms have not changed).

From now:

Invested up to EUR 15,000 – payable profit 45.1 EUR = 55% * EUR 100 * (1-0.18). The amount grows. 
Invested from EUR 15,000 (inclusive) up to EUR 30,000 – payable profit 50.05 EUR = 55% * EUR 100 * (1-0.09). The amount grows. 
Invested from EUR 30,000 (inclusive) payable profit 55 EUR = 55% * 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.

2023-03-14

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 that would be distributed in a 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 – 45%;
Invested from EUR 15,000 EUR (inclusive) up to EUR 30,000 – 50%;
Invested from EUR 30,000 EUR (inclusive) – 55%.

After InRento has transferred its share of the profit, all investors’ share of the profit is equal to 55%. However, based on the amount invested, an accounting fee may be applied:

Invested up to EUR 15,000 – 0.18;
Invested from EUR 15,000 (inclusive) up to EUR 30,000 – 0.09;
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 45 EUR = 45% * EUR 100;
Invested from EUR 15,000 (inclusive) up to EUR 30,000 – payable profit 50 EUR = 50% * EUR 100;
Invested from EUR 30,000 (inclusive) payable profit 55 EUR = 55% * EUR 100 (investment terms have not changed).

From now:

Invested up to EUR 15,000 – payable profit 45.1 EUR = 55% * EUR 100 * (1-0.18). The amount grows. 
Invested from EUR 15,000 (inclusive) up to EUR 30,000 – payable profit 50.05 EUR = 55% * EUR 100 * (1-0.09). The amount grows. 
Invested from EUR 30,000 (inclusive) payable profit 55 EUR = 55% * 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.

2023-03-14

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 that would be distributed in a 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 – 45%;
Invested from EUR 15,000 EUR (inclusive) up to EUR 30,000 – 50%;
Invested from EUR 30,000 EUR (inclusive) – 55%.

After InRento has transferred its share of the profit, all investors’ share of the profit is equal to 55%. However, based on the amount invested, an accounting fee may be applied:

Invested up to EUR 15,000 – 0.18;
Invested from EUR 15,000 (inclusive) up to EUR 30,000 – 0.09;
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 45 EUR = 45% * EUR 100;
Invested from EUR 15,000 (inclusive) up to EUR 30,000 – payable profit 50 EUR = 50% * EUR 100;
Invested from EUR 30,000 (inclusive) payable profit 55 EUR = 55% * EUR 100 (investment terms have not changed).

From now:

Invested up to EUR 15,000 – payable profit 45.1 EUR = 55% * EUR 100 * (1-0.18). The amount grows. 
Invested from EUR 15,000 (inclusive) up to EUR 30,000 – payable profit 50.05 EUR = 55% * EUR 100 * (1-0.09). The amount grows. 
Invested from EUR 30,000 (inclusive) payable profit 55 EUR = 55% * 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.

2022-04-13

The rental income (interest) for February has been distributed to investors for the S35, Kaunas lll project - today. For this reason, the project owner paid a late interest penalty to the investors for the amount which was being late (after deduction of administrative fees: 0.1% per day), which is equal to 36.5% annual interest.

The interest payment for this project to investors for March will take place by April 25th.

If you have any questions, do not hesitate to contact us at info@inrento.com or call us at +37069347427. 

InRento team

2021-10-12

We would like to inform you, that the mortgage on the S35, Kaunas assets has been successfully placed (document is attached in the documents section).

If you have any questions, do not hesitate to contact us at info@inrento.com or call us at +37069347427. 

InRento team

2021-10-12

We would like to inform you, that the mortgage on the S35, Kaunas assets has been successfully placed (document is attached in the documents section).

If you have any questions, do not hesitate to contact us at info@inrento.com or call us at +37069347427. 

InRento team

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