I24, La Molina

Available for funding:  €0
€100 750
€100 750 goal
56 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 return rate::
7.25%

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:
-  per year

This number indicates what part of the profit share you would earn when the property is sold for profit. More information can be found by scrolling below the project description.

Capital Gains Split:
40% – 60%

InRento team is proud to present the first buy to let project in Spain - I24, La Molina. The investment offer consists of a holiday rental located in the region of Catalonia, at Alp Girona, La Molina, Spain.

Project owner - Tanser Estates S.L. A wide-profile real estate company that administers more than 70 different leisure and residential properties in Spain. Tanser Estates S.L. owns and operates one of the leading booking portals for holiday rentals in Costa Brava, Catalonia region - K3homes.es.

The project owner will pay investors a fixed annual interest rate of 7.25% (as a return on rent). These apartments generate EUR 609 per month for investors, which are distributed in proportion to the amount invested.

The project owner will additionally invest in the installation of the apartment. The kitchen will have a completely arranged ceiling, the apartment will be furnished with furniture and interior details.

Reasons to invest in the project: I24, La Molina - 

  • Attractive, fixed rental income (interest);
  • The building was renovated in 2021;
  • The project owner is one of the largest holiday rentals administrators in the region;
  • The property in the area increased 16.6% in the last 5 years;
  • Investors will get a right to stay at the apartment for free (more details below);
  • The premises were valued by an independent valuer at EUR 100,764.74;

The asset:

Located just a few minutes away from the railway station, the property is located just a few kilometers away from ski slopes. The apartment is located on the 2nd floor and has a balcony with a beautiful view to the city and the mountains. The property is being renovated during 2021 and is finishing all the facade works until the end of November, before the skiing season begins. The total area of the apartment is 77 square meters and can host a total of 8 people in 3 bedrooms and the living room.

Changes in capital gains:

According to the latest statistics from idealista.com/en/, the prices of this type of housing in Girona Alp region have increased by +16.6% in the last five years.

Tenants:

The apartment will be rented out using the short-term rental model. The project owner intends to rent it on average nightly for EUR 80 and EUR 120.

 

 

According to the AirDNA platform- (leading source for Airbnb analytics), the average price of accommodation in this mountain region is € 153. The average annual occupancy is 23%, but it is worth noting that the statistics provided only analyze data from the Airbnb platform. Actual occupancy is expected to be at least twice higher due to inflow of reservations via Booking.com and K3homes.es platforms.

Financial terms of the investment:

  • Maximum term: 84 months (7 years);
  • Fixed annual rental income (interest rate): 7.25%;
  • Security: 1st charge Mortgage

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. 

Investors in this project have the opportunity to stay free of charge in the apartment:

Investing: 5,000 - 14,999 EUR:

  • 1 night during on-season;
  • 2 nights during off-season;

Investing: 15,000 - 29,999 EUR:

  • 3 nights during on-season;
  • 6 nights during off-season;

Investing: 30,000 EUR and more:

  • 6 nights during on-season;
  • 10 nights during off-season;

On-season: from November 15th, until April 15th;
Off-season: from April 15th, until November 15th;

Reservations must be made at least 2 months before the stay. Contact: alexandra@k3homes.com by email to make a reservation.

The capital growth distribution: 

  • Investors: 40% 
  • Borrower: 40% 
  • InRento: 20%

When investing: 

5,000 - 14,999 EUR - the capital growth will be distributed in the following structure: 45% investor / 40% borrower / 15% InRento;

15,000 - 29,999 EUR - the capital growth will be distributed in the following structure: 50% investor / 40% borrower / 10% InRento;

30,000 - 49,999 EUR - the capital growth will be distributed in the following structure: 55% investor / 40% borrower / 5% InRento;

50,000 EUR and more - the capital growth will be distributed in the following structure: 60% investor / 40% borrower;

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

The project owner (borrower):

Tanser Estates SL - is a company that specialises and operates in holiday rentals management since 2011. Their K3Homes.es booking platform is one of the largest in Costa Brava region. Currently the company is managing more than 70 holiday rentals, which can be seen on - their website.  

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 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: 40% investors / 40% borrower / 20% 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.

*Please note that the translations to English and Lithuanian have been completed using uncertified automatic translation.

The capital gains distribution:

40% - 60%
Investors
40%
Project owner
Up to 20%
InRento

If the Loan is repaid after one year, a fixed return of 1.75% is applied.
If the Loan is repaid after 24 months, a fixed return of 3.5% is applied.
The profit margin is payable whether or not the Loan is repaid from the sale of the property.

These numbers reflect the data about investments of InRento and companies InRento acquired and merged with.

Discover all statistics

84 months
maximum loan term

These numbers reflect the data about investments of InRento and companies InRento acquired and merged with.

Discover all statistics

1st charge
Mortgage
Security

These numbers reflect the data about investments of InRento and companies InRento acquired and merged with.

Discover all statistics

7.25 %
+ %
annual return
Investment bonus:
Financial terms of the investment

InRento Risk Scoring

CriterionScore
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 Debt / Equity ratio
2 / C
Borrower's ability to repay liabilities in the past
-1 / A+
Property price comparison to a 3rd party valuation
1 / B
Property type
0 / A
Will the property be managed by "super host" (for short term rentals)
2 / C
Borrower's experience with rental properties
0 / A
Will the property require renovation
2 / C
Micro-location
0 / A
Does the property have elevator if it's not ground floor?
0 / A
Does the property have dedicated parking slot near premises? (long-term rent)
0 / A
Property has all applicable certificates/zoning rights with at least 2 years before expiry date
0 / A
Years since last renovation of the premises
-1 / A+
Total:
7 / B
Investment rating
A – Lowest risk
D – Higest risk
B

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.

Property in the map

The project owner (borrower) Project owner

TANSER ESTATES SL

Tanser Estates SL - is a company that specialises and operates in holiday rentals management since 2011. Their K3Homes.es booking platform is one of the largest in Costa Brava region. Currently the company is managing more than 70 holiday rentals, which can be seen on - their website.  

2022-05-02

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

2022-04-26

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

 

2022-01-28

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