Available for funding: €0
Annual return rate:
Earn:–per year *
The InRento team is launching a second stage of 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 II). 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). The project for investors generates 6.01% annual return.
Reasons to invest in the project S35, Kaunas II:
Information about the rental contract
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 - 1771.90 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%.
Monthly rent amount
Contract valid until
Financial terms of the investment:
InRento investors are 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.
This project on the InRento platform will be funded over 3 stages:
1st. - 134,500 EUR in successfully funded;
2nd. - 134,500 EUR current stage;
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.
The capital growth distribution:
Up to 14999 € - the capital growth will be distributed in the following structure:
45% Investor / 45% Project owner / 10% InRento
15000 € – 29999 € - the capital growth will be distributed in the following structure:
50% Investor / 45% Project owner / 5% InRento
30000 € and more - the capital growth will be distributed in the following structure:
55% Investor / 45% Project owner
Rental income (interest):
Rental income (interest) is paid to investors on a monthly basis (on the 25th day of the month). If the 25th day is a non-working day, then the next working day.The interest will be paid out the next 25th (same day as above) day after the mortgage is placed. The interest is calculated from the moment you place investment
Capital growth calculator
Your net earnings from capital growth:
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”.
Frequently asked questions
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.
Yes! No matter what is the situation with the tenancy, the project owner is obliged to distribute fixed-interest to the investors.
When the property is sold at a higher price than it was acquired, the capital growth will be distributed among investors, project owner and InRento. The project owner assumes potential loss if the property is sold at a lower price. You can find more details scrolling up this page.
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: There is a risk that the asset can lose a tenant and it can take time to find replacements, which can have impact on the property's cash-flow.
|Borrower's equity exceeds the amount of financing needed||1 / B|
|Borrower's last year's net profit is sufficient to cover the fixed-interest||1 / B|
|Borrower's ability to repay liabilities in the past||-1 / A+|
|Property price comparison to a 3rd party valuation||1 / B|
|Property type||1 / B|
|Is there a tenant already||0 / A|
|Additional point: if the tenant has paid on time during the tenancy||-1 / A+|
|Borrower's experience with rental properties||0 / A|
|Property occupany over the last 2 years (if it was rented)||2 / C|
|Will the property require renovation||0 / A|
|Micro-location||0 / A|
|Does the property have dedicated parking slot near premises? (long-term rent)||1 / B|
|Does the property have security? (for commercial)||0 / A|
|Property has been for sale for less than 1 year?||0 / A|
|Property has all applicable certificates/zoning rights with at least 2 years before expiry date||0 / A|
|Borrower's Debt / Equity ratio||0 / A|
|Years since last renovation of the premises||-1 / A+|
|Total:||4 / A|
*InRento Risk rating is of an informative nature only and can not be considered investment advice. InRento is licenced and regulated by the Bank of Lithuania.
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.
October 12, 2021
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 firstname.lastname@example.org or call us at +37069347427.