I24, La Molina
The annual return indicates the fixed-interest rate, or what investors shall earn in percentages.
Expected Return:- 7.25%
The annual return indicates the fixed-interest rate, or what investors shall earn in percentages.
Actual Return:- 9.25%
These numbers reflect the data about investments of InRento and companies InRento acquired and merged with.
Months Expected:- 84
These numbers reflect the data about investments of InRento and companies InRento acquired and merged with.
Actual Months:- 16
These numbers reflect the data about investments of InRento and companies InRento acquired and merged with.
Actual Months:- 16
These numbers reflect the data about investments of InRento and companies InRento acquired and merged with.
from rent:- 7.25
These numbers reflect the data about investments of InRento and companies InRento acquired and merged with.
capital gains:- 2
We would like to inform you that the project I24, La Molina in Spain - has been successfully realized!
The average annual return on monthly interest was 7.25%. Investors have generated annual returns of 2% from capital gains in a form of repayment fee.
Annualized ROI to investors from this project is 9.25%.
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. This means that the new profit share of investors in this project is 60% from profit. However, we would like to point out that because there was a partial principal repayment and Borrower paid repayment fee for investors, it’s not likely that this project would have a share of the profit.
We would like to inform you that the buy-to-let project – I24, La Molina in Spain was partially realized. The partial repayment of the loan took place due to circumstances related to the realization of the entire property as a single asset.
In this regard, the project’s risk level has been reduced significantly, while the loan-to-value (LTV) ratio is currently only 40%.
The amount of the loan repaid to the investors is 60,000 EUR. Additionally, in accordance with the special terms and conditions of the loan agreement, the project owner was subject to a 2% annual loan repayment fee. This means that the investors was paid an extra EUR 1,300 upon partial principal repayment.
The total annual ROI for this project has increased from 7.25% to 9.25% for this partial principal loan amount repayment.
As you know the interest payment for this project was successfully received last week to the escrow account.
We have recently changed our hosting provider and currently are testing some of the payment and withdrawal systems. This is critically important not to make any mistakes, and we want to be absolutely sure that this works properly without any issues. We expect to distribute the interest for March in the middle of this week.
We apologise for the inconvenience.
If you have any questions, do not hesitate to contact us at info@inrento.com or call us at +37069347427
InRento team
We would like to inform you that the interest payment for this project was successfully received to the escrow account. Due to improvements work of the payments system the interest will be paid out to your accounts until the 29th of April.
Apologies for the inconvenience.
If you have any questions, do not hesitate to contact us at info@inrento.com or call us at +37069347427.
InRento team
The mortgage deed was successfully signed. You can find it in documents section. The interest for project will be distributed next month.
If you have any questions, do not hesitate to contact us at info@inrento.com or call us at +37069347427.
InRento team