V9, Biržai
Reasons to invest in the project V9, Biržai:
- Fixed monthly interest will be paid with an attractive annual return of 8% – 8.5%;
- Fixed annual capital gains return: +2% (paid at the end of the project);
- The project owner is an experienced real estate administrator with other projects in this city;
- The premises are valued by an independent appraiser at EUR 260,000.
InRento team presents a new buy-to-let investment in a popular tourist destination in the northern part of Lithuania located at: Vytauto str. 9, Biržai.
The investment offer consists of a single 703.4 m² building which will be divided into separate commercial and housing units. Once these works will be completed and the value of the property will be increased, the area that will be used for buy-to-let business: commercial and housing units, will be refinanced with a new loan. To further secure this loan, other buildings on this land are being mortgaged in the name of investors. Such a structure is used to increase the security and return on investment for the investors.
Project owner – Justas Kaveckas, is originally from Biržai and already manages the Avanti Hotel project in this city. Seeing the demand for housing and commercial space for rent in this city, he decided to expand the number of projects. Once the property is completely furnished and rented out, the project owner expects to generate EUR 6,560 monthly rent.
Investors will be paid a fixed monthly interest of 8% – 8.5% annual return, depending on the amount invested. This project has a fixed 2% annual capital gains return, which is paid at the end of the project. In total, investors can earn from 10% to 10.5% annual returns when investing in this project.
We invite you to learn more about the city of Biržai.
This project has a fixed annual return on capital gains –
The capital gains are fixed and payable together with the repayment of the loan amount for the preceding instalment ("Instalment"), with the return for each successive Instalment being added to the calculation of the return. The Instalment shall be considered as per one calendar year. A fixed increment of 2% shall be applied to the Instalment.
Example calculation: When the Loan is repaid after one year, a fixed return of 2% applies.
2023-12-04
We are pleased to announce that project V9, Biržai has been fully realised. The project consisted of a building in the centre of Biržai, which was divided into separate commercial and accommodation units. The total average annual return for investors in this project was 10.01%. The funds distribution is being made today and will be credited to your accounts within 1 business day.2022-12-05
We would like to inform you that the mortgage on the project – V9, Biržai asset, has been successfully placed (the document is attached in the documents section).
The interest for the project will be distributed next month.
2022-11-29
Dear investor,
To simplify the security process of a collateral, an amendment to the loan agreement has been concluded, under which only assets that have been appraised in a crowdfunding project prior to its announcement will be pledged in favour of the financiers.
Here you can find the complete payment history for this project. The list includes all payments made by the project owner, covering interest payments, principal repayments, capital gain payments, and any late payment fees.
| Payment date | Type | Payment status | Paid |
|---|---|---|---|
| 04 December 2023 | Full principal repayment | Paid on time Payment was received by the due date with no delay | € 190 000 |
| 04 December 2023 | Interest payment | Paid on time Payment was received by the due date with no delay | € 81.24 |
| 04 December 2023 | Capital gains payment | Paid on time Payment was received by the due date with no delay | € 3 800 |
| 01 December 2023 | Interest payment | Paid on time Payment was received by the due date with no delay | € 1 268.45 |
| 14 November 2023 | Interest payment | Paid on time Payment was received by the due date with no delay | € 1 268.45 |
| 16 October 2023 | Interest payment | Paid on time Payment was received by the due date with no delay | € 1 268.45 |
| 14 September 2023 | Interest payment | Paid on time Payment was received by the due date with no delay | € 1 268.45 |
| 16 August 2023 | Interest payment | Paid on time Payment was received by the due date with no delay | € 1 268.45 |
| 14 July 2023 | Interest payment | Paid on time Payment was received by the due date with no delay | € 1 268.45 |
| 15 June 2023 | Interest payment | Paid on time Payment was received by the due date with no delay | € 1 268.45 |
| 15 May 2023 | Interest payment | Paid on time Payment was received by the due date with no delay | € 1 268.45 |
| 17 April 2023 | Interest payment | Paid late in grace period Payment was made after the due date but within 14 days of it. Late payment interest is calculated from the first overdue day. | € 1 268.45 |
| 15 March 2023 | Interest payment | Paid on time Payment was received by the due date with no delay | € 1 268.45 |
| 15 February 2023 | Interest payment | Paid on time Payment was received by the due date with no delay | € 1 268.45 |
| 16 January 2023 | Interest payment | Paid on time Payment was received by the due date with no delay | € 1 209.81 |
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Lithuania