Reasons to invest in the project Co-living: P97, Vilnius III:
Co-living apartment project in Vilnius;
The sixth floor is fully equipped and fully rented out;
Interest is paid monthly with an attractive annual return of 6.5% – 7%;
Fixed annual return on capital gains: +1.75% (paid at the end of the project);
The LTV for this phase is 44%, and the maximum LTV for the whole project has been updated to 57% due to changes in the sequence of the works;
The premises are valued by an independent appraiser at EUR 1,407,000 EUR.
InRento presents the third stage of buy-to-let project: Co-living: P97, Vilnius III. The investment case consists of a Co-living apartment project in Vilnius, the capital of Lithuania. The property is located at Pramonės str. 97, Vilnius.
The total area of the project is 1341.15 m², which consists of the premises and common areas on the sixth, seventh and eighth floors.
The sixth floor is fully equipped and rented out. The final renovation works are being performed on the 7th floor. The facade of the building has already been renovated. Renovation works on the 8th floor and roof have begun.
Investors will be paid a fixed annual interest of 6.5% – 7% depending on the amount invested. This project has a fixed 1.75% annual capital gains, which are paid at the end of the project. This raises the overall yield of the project from 8.25% to 8.75% of the annual return.
A new property appraisal was carried out before financing the project’s third phase. According to the latest appraisal report, after the evaluation of the works was carried out, the value of the project increased from EUR 886,000 to EUR 1,407,000. The LTV for this phase is 44%, and the maximum LTV for the whole project has been updated to 57% due to changes in the sequence of works.
The mortgage for this project was registered on June 2nd, 2022 (find the document in the documents section). The interest payment of the third stage for investors will start being calculated from the date of loan disbursement to the project owner.