V39, Vilnius I
Reasons to invest in the project V39, Vilnius I:
- Apartments in the up & coming area of Vilnius city;
- Interest is paid monthly with an attractive annual return of 6.3% – 6.8%;
- Fixed annual return on capital gains: +1.5% (paid at the end of the project);
- Fixed interest indexed to inflation;
- The loan-to-value (LTV) ratio for this stage – is 75%. The maximum LTV for the whole project is 75%;
- An independent appraiser valued the premises at EUR 163,000.
InRento team presents a new buy-to-let project – V39, Vilnius I. The investment offer consists of a new apartment with an underground parking slot and a storage room located in a up & coming area of Vilnius at Verkių str. 39.
The area of the apartment is 48.17 m². During the first stage, the acquisition of the apartment will be funded, followed by a second stage of funding to settle the payments with the contractors after the furnishing is completed.
The project will be rented out for the long term. At the moment, the apartment has a partial installation. After furnishing it, the project owner expects to generate a monthly rental income of EUR 1,030 including the parking slot and storage space. The project owner Baltic Real, MB, is a company that successfully administers several similar buy-to-let projects on the InRento platform.
Investors will be paid a fixed annual interest of 6.3% – 6.8% depending on the amount invested. This project has a fixed 1.5% annual capital gains, which are paid at the end of the project. This raises the overall yield of this stage of the project between 7.8% and 8.3% of the annual return.
The loan term for this project is only 12 months.
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 1.5% shall be applied to the Instalment.
Example calculation: If the Loan is repaid after one year, a fixed return of 1.5% applies. The profit margin is payable whether or not the Loan is repaid on the sale of the property.
The project will be funded in two stages. Maximum project LTV – 75%.
2023-12-19
Dear Investor,
We are pleased to announce that the project – V39, Vilnius has been fully realised.
The project consisted of a new 48.17 m² apartment with underground parking space and a storage room located in the growing part of Vilnius – 39 Verkių Street.
Following the successful sale of these apartments, the total average annual return to investors in this project was 8.08% in the first financing stage and 8.01% in the second financing stage.
2023-04-27
We would like to inform you that the mortgage on the project’s – V39, Vilnius asset, has been successfully placed (the document is attached in the documents section).
The interest payment for this project will be distributed next month.
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 |
|---|---|---|---|
| 18 December 2023 | Full principal repayment | Paid on time Payment was received by the due date with no delay | € 122 500 |
| 18 December 2023 | Interest payment | Paid on time Payment was received by the due date with no delay | € 387.99 |
| 18 December 2023 | Capital gains payment | Paid on time Payment was received by the due date with no delay | € 1 378.87 |
| 18 December 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. | € 646.18 |
| 16 November 2023 | Interest payment | Paid on time Payment was received by the due date with no delay | € 646.18 |
| 16 October 2023 | Interest payment | Paid on time Payment was received by the due date with no delay | € 646.18 |
| 18 September 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. | € 646.18 |
| 17 August 2023 | Interest payment | Paid on time Payment was received by the due date with no delay | € 646.18 |
| 17 July 2023 | Interest payment | Paid on time Payment was received by the due date with no delay | € 646.18 |
| 16 June 2023 | Interest payment | Paid on time Payment was received by the due date with no delay | € 646.18 |
| 16 May 2023 | Interest payment | Paid on time Payment was received by the due date with no delay | € 85.22 |
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