2025-02-12
We would like to inform you that the project owner has fully complied with its obligations by paying the loan amount, interest, and late payment interest in full.
As the project assets were not realised on time and given the breaches of contract committed during the loan, the project owner was also liable to pay a penalty. To ensure maximum benefit to the investors, we will distribute this penalty to the investors without charging an accounting fee.
Amounts due to investors:
- Loan amount repaid: EUR 256,902.08;
- Interest: EUR 2,513.24;
- Fixed capital gain: EUR 12,845.10;
- Penalty distributed to investors: EUR 5,619.58.
The average annual return to investors in this project was 14.25%.
Fund disbursement to investors will be distributed in the next 2 working days.
2025-02-12
We would like to inform you that the project owner did not realise the project assets on time, and the project deadline was not extended to ensure the interests of investors.
The project owner has made partial payments under the loan agreement. The amounts received, together with the late interest, will be distributed to the investors within the next 2 working days.
We continue to actively pursue our efforts to ensure full compliance with the obligations and would like to point out that until all obligations are fully discharged, the mortgage on the property will remain registered in the name of the investors, and, if necessary, enforcement procedures will be initiated.
2024-02-22
We would like to inform you that a buy-to-let project – K1, Vilnius has been partially realized.
One more property unit has been successfully sold, and for this reason, this time, the amount of principal repaid to the investors was EUR 35,730. This project had fixed and variable capital gains.
The payout process of interest, capital gains and principal payments have begun, and the funds will be credited to investors' accounts in 1 business day.
2023-11-24
We would like to inform you that a buy-to-let project in Vilnius Old Town – K1, Vilnius, has been partially realized.
One more property unit has been successfully sold, and for this reason, this time, the total amount of principal repaid to the investors was EUR 61,180. This project had a fixed (2% annual) capital gain, regardless of the amount invested, and variable capital gains on investments starting from EUR 5,000.
Depending on the amount invested, investors earned between 9.5% and 15.74% annual return.
Disbursement of funds is currently underway and will be distributed within 1 working day.
2023-10-11
We would like to inform you that a buy-to-let project in Vilnius Old Town – K1, Vilnius, has been partially realized.
One more property unit has been successfully sold, and for this reason, this time, the total amount of principal repaid to the investors was EUR 29,361. This project had a fixed (2% annual) capital gain, regardless of the amount invested, and variable capital gains on investments starting from EUR 5,000.
Depending on the amount invested, investors earned between 9.5% and 22.9% annual return.
Disbursement of funds is currently underway and will be distributed within 1 working day.
2023-09-14
We would like to inform you that a buy-to-let project in Vilnius Old Town – K1, Vilnius has been partially realized.
One property unit have been successfully sold, and for this reason, this time, the total amount of principal repaid to the investors was EUR 38,385. This project had a fixed (2% annual) capital gain, regardless of the amount invested, and variable capital gains on investments starting from EUR 5,000.
Depending on the amount invested, investors earned between 9.5% and 22.5% annual return.
The funds will be credited to investors' accounts in 1 business day.
2023-08-24
We would like to inform you that a buy-to-let project in Vilnius Old Town – K1, Vilnius has been partially realized.
A few more property units have been successfully sold, and for this reason, this time, the total amount of principal repaid to the investors was EUR 81,517. This project had a fixed (2% annual) capital gain, regardless of the amount invested, and variable capital gains on investments starting from EUR 5,000.
Depending on the amount invested, investors earned between 9.5% and 22.49% annual return.
2023-08-03
We would like to inform you that second time a buy-to-let project in Vilnius Old Town – K1, Vilnius has been partially realized.
The total amount of principal repaid to the investors was EUR 38,212.99. This project had a fixed (2% annual) capital gain, regardless of the amount invested, and variable capital gains on investments starting from EUR 5,000.
Depending on the amount invested, investors earned between 9.5% and 24.55% annual return.
2023-06-06
We would like to inform you that the amount of the fifth stage of the loan has been changed from EUR 100,000 to EUR 91,200. The overall LTV (loan-to-value) ratio remains unchanged at 80%. The annex to the agreement can be found in the documents section.
2023-06-06
We would like to inform you that the amount of the fifth stage of the loan has been changed from EUR 100,000 to EUR 91,200. The overall LTV (loan-to-value) ratio remains unchanged at 80%. The annex to the agreement can be found in the documents section.
2023-06-06
We would like to inform you that the amount of the fifth stage of the loan has been changed from EUR 100,000 to EUR 91,200. The overall LTV (loan-to-value) ratio remains unchanged at 80%. The annex to the agreement can be found in the documents section.
2023-06-06
We would like to inform you that the amount of the fifth stage of the loan has been changed from EUR 100,000 to EUR 91,200. The overall LTV (loan-to-value) ratio remains unchanged at 80%. The annex to the agreement can be found in the documents section.
2023-03-24
Due to a change in the sequence of works, the installation works were carried out in stages, so that half of the lofts were fully furnished, while the other half had interior works only completed.
It was therefore decided to split Stage 4 of financing in half and to finance EUR 100,000 now for the completed lofts and the remainder when all the lofts are fully furnished.
The LTV and other conditions have not changed. The signed amendment of the terms and conditions, can be found among the project documents.
2023-03-24
Due to a change in the sequence of works, the installation works were carried out in stages, so that half of the lofts were fully furnished, while the other half had interior works only completed.
It was therefore decided to split Stage 4 of financing in half and to finance EUR 100,000 now for the completed lofts and the remainder when all the lofts are fully furnished.
The LTV and other conditions have not changed. The signed amendment of the terms and conditions, can be found among the project documents.
2023-03-24
Due to a change in the sequence of works, the installation works were carried out in stages, so that half of the lofts were fully furnished, while the other half had interior works only completed.
It was therefore decided to split Stage 4 of financing in half and to finance EUR 100,000 now for the completed lofts and the remainder when all the lofts are fully furnished.
The LTV and other conditions have not changed. The signed amendment of the terms and conditions, can be found among the project documents.
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. However, these changes will not have any effect on the profit amounts that could be distributed to the investors. In all situations the Project owner pays investors 2% fixed annual interest upon repayment of the Loan based on the Amount invested. Please find a detailed explanation below.
Previously, the investor’s profit share was set based on the investment amount:
Invested up to EUR 5,000 – 0%, additionally 2% fixed annual interest is paid;
Invested from EUR 5,000 EUR (inclusive) up to EUR 15,000 – 5%, additionally 2% fixed annual interest is paid;
Invested from EUR 15,000 EUR (inclusive) up to EUR 30,000 – 10%, additionally 2% fixed annual interest is paid;
Invested from EUR 30,000 EUR (inclusive) up to EUR 50,000 – 15%, additionally 2% fixed annual interest is paid;
Invested from EUR 50,000 EUR (inclusive) – 20%, additionally 2% fixed annual interest is paid;
After InRento has transferred its share of the profit, all investors’ share of the profit is equal to 20% and additionally 2% fixed annual interest is paid. However, based on the amount invested, an accounting fee may be applied:
Invested up to EUR 5,000 – 1;
Invested from EUR 5,000 (inclusive) up to EUR 15,000 – 0.75;
Invested from EUR 15,000 (inclusive) up to EUR 30,000 – 0.5;
Invested from EUR 30,000 (inclusive) up to EUR 50,000 – 0.25;
Invested from EUR 50,000 (inclusive) – 0 (investment terms have not changed).
In the case of this project, for a certain group of investors in case of payout, the net payout 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 5,000 – payable profit 0 EUR = 0% * EUR 100, additionally 2% fixed annual interest is paid;
Invested from EUR 5,000 (inclusive) up to EUR 15,000 – payable profit 5 EUR = 5% * EUR 100, additionally 2% fixed annual interest is paid;
Invested from EUR 15,000 (inclusive) up to EUR 30,000 – payable profit 10 EUR = 10% * EUR 100, additionally 2% fixed annual interest is paid;
Invested from EUR 30,000 (inclusive) up to EUR 50,000 – payable profit 15 EUR = 15% * EUR 100, additionally 2% fixed annual interest is paid;
Invested from EUR 50,000 (inclusive) payable profit 20 EUR = 20% * EUR 100 (investment terms have not changed), additionally 2% fixed annual interest is paid.
From now:
Invested up to EUR 5,000 – payable profit 0 EUR = 20% * EUR 100 * (1-1). The amount has not changed, additionally 2% fixed annual interest is paid.
Invested from EUR 5,000 (inclusive) up to EUR 15,000 – payable profit 5 EUR = 20% * EUR 100 * (1-0.75). The amount has not changed, additionally 2% fixed annual interest is paid.
Invested from EUR 15,000 (inclusive) up to EUR 30,000 – payable profit 10 EUR = 20% * EUR 100 * (1-0.5). The amount has not changed, additionally 2% fixed annual interest is paid.
Invested from EUR 30,000 (inclusive) up to EUR 50,000 – payable profit 15 EUR = 20% * EUR 100 * (1-0.25). The amount has not changed, additionally 2% fixed annual interest is paid.
Invested from EUR 50,000 (inclusive) payable profit 20 EUR = 20% * EUR 100 * (1-0). Investment terms have not changed, additionally 2% fixed annual interest is paid.
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. However, these changes will not have any effect on the profit amounts that could be distributed to the investors. In all situations the Project owner pays investors 2% fixed annual interest upon repayment of the Loan based on the Amount invested. Please find a detailed explanation below.
Previously, the investor’s profit share was set based on the investment amount:
Invested up to EUR 5,000 – 0%, additionally 2% fixed annual interest is paid;
Invested from EUR 5,000 EUR (inclusive) up to EUR 15,000 – 5%, additionally 2% fixed annual interest is paid;
Invested from EUR 15,000 EUR (inclusive) up to EUR 30,000 – 10%, additionally 2% fixed annual interest is paid;
Invested from EUR 30,000 EUR (inclusive) up to EUR 50,000 – 15%, additionally 2% fixed annual interest is paid;
Invested from EUR 50,000 EUR (inclusive) – 20%, additionally 2% fixed annual interest is paid;
After InRento has transferred its share of the profit, all investors’ share of the profit is equal to 20% and additionally 2% fixed annual interest is paid. However, based on the amount invested, an accounting fee may be applied:
Invested up to EUR 5,000 – 1;
Invested from EUR 5,000 (inclusive) up to EUR 15,000 – 0.75;
Invested from EUR 15,000 (inclusive) up to EUR 30,000 – 0.5;
Invested from EUR 30,000 (inclusive) up to EUR 50,000 – 0.25;
Invested from EUR 50,000 (inclusive) – 0 (investment terms have not changed).
In the case of this project, for a certain group of investors in case of payout, the net payout 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 5,000 – payable profit 0 EUR = 0% * EUR 100, additionally 2% fixed annual interest is paid;
Invested from EUR 5,000 (inclusive) up to EUR 15,000 – payable profit 5 EUR = 5% * EUR 100, additionally 2% fixed annual interest is paid;
Invested from EUR 15,000 (inclusive) up to EUR 30,000 – payable profit 10 EUR = 10% * EUR 100, additionally 2% fixed annual interest is paid;
Invested from EUR 30,000 (inclusive) up to EUR 50,000 – payable profit 15 EUR = 15% * EUR 100, additionally 2% fixed annual interest is paid;
Invested from EUR 50,000 (inclusive) payable profit 20 EUR = 20% * EUR 100 (investment terms have not changed), additionally 2% fixed annual interest is paid.
From now:
Invested up to EUR 5,000 – payable profit 0 EUR = 20% * EUR 100 * (1-1). The amount has not changed, additionally 2% fixed annual interest is paid.
Invested from EUR 5,000 (inclusive) up to EUR 15,000 – payable profit 5 EUR = 20% * EUR 100 * (1-0.75). The amount has not changed, additionally 2% fixed annual interest is paid.
Invested from EUR 15,000 (inclusive) up to EUR 30,000 – payable profit 10 EUR = 20% * EUR 100 * (1-0.5). The amount has not changed, additionally 2% fixed annual interest is paid.
Invested from EUR 30,000 (inclusive) up to EUR 50,000 – payable profit 15 EUR = 20% * EUR 100 * (1-0.25). The amount has not changed, additionally 2% fixed annual interest is paid.
Invested from EUR 50,000 (inclusive) payable profit 20 EUR = 20% * EUR 100 * (1-0). Investment terms have not changed, additionally 2% fixed annual interest is paid.
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.
2022-08-11
We would like to inform you that the mortgage on the project – K1, Vilnius asset has been successfully placed (the document is attached in the documents section). The interest for the 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
2022-08-11
We would like to inform you that the mortgage on the project – K1, Vilnius asset has been successfully placed (the document is attached in the documents section). The interest for the 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
