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K36, Panevėžys I

Panevezys
Project updates (5)
Funding stages
K36, Panevėžys I - 0
K36, Panevėžys I - 1
K36, Panevėžys I - 2
K36, Panevėžys I - 3
K36, Panevėžys I - 4
K36, Panevėžys I - 5
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K36, Panevėžys I - 10
K36, Panevėžys I - 11
K36, Panevėžys I - 12
K36, Panevėžys I - 13
Project returned
€700 000
€700 000 goal
558 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 fixed-return rate:
9-9.5%

Fixed annual capital gains that would be paid when project is realised. More information can be found by scrolling below to the project description.

 Fixed capital gain:
1.5%
annually

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:
-

Total expected
earnings:

Total expected
earnings:

-

Security indicates the measures that are being taken to secure your investment. Mortgage means the funds of investors are secured by mortgaging the asset in the name of investors. In case of project owner's default the mortgage of the asset would be used to recover principal investment of investors.

 Security:
1st-rank Mortgage

Investment rating show the risk level assigned to the project. A = lowest risk, while D = highest risk. InRento risk scoring is based on factual data and its scoring model can be discovered transparently at the bottom of this page.

 Investment Rating:
C
Reasons to invest in the project K36, Panevėžys I:

One of the most attractive locations in Panevėžys – on the banks of the Nevėžis River with well-developed infrastructure, in the city centre;

Six-storey building with a total area of 2869.63 m². After the fit-out and renovation works, it is expected to generate a total rental income of EUR 25,258 per month;

Interest is payable monthly with an attractive annual return of 9% – 9.5% and fixed annual return on capital gains: +1.5% (payable at the end of the project);

The project owner is an experienced property developer who has developed large-scale conversion projects;

Loan-to-Value (LTV) for this stage: 69%, maximum LTV for the whole loan: 70%;

The premises were appraised by an independent appraiser at EUR 1,019,000.

InRento team presents the first buy-to-let project in Panevėžys, address Kranto str. 36

The location of this project is one of the most attractive places in Panevėžys – on the bank of the Nevėžys River with well-developed infrastructure, right in the city centre. 

The total area of the building – 2869.63 m². The project is planned to be converted into 52 separate loft apartments, of which 4 apartments located on the sixth floor of the building will be of higher class and will have private terraces with panoramic views.

After the renovation and furnishing works, the project owner forecasts a rental income of EUR 176,803 in 2024 and EUR 303,091 in 2025. In addition, according to the submitted business plan, the project owner expects to generate between EUR 727,327 and EUR 1,304,437 in profit (before tax) from the realisation of the project assets. This provides a large margin of safety for the investors.

The owner of the project is Kauno plėtros projektai, UAB. The company's CEO, Oleg Orlov, is an experienced real estate developer who has developed large-scale conversion projects. 

Investors will be paid a fixed monthly interest of 9% – 9.5% per annum, depending on the amount invested.

This project also has a fixed annual capital gain of 1.5%, payable at the end of the project, which raises the total yield of the project from 10.5% to 11% annual return.

2025-08-28

We would like to inform you that the project owner has successfully repaid the full loan amount together with accrued interest and late payments.

Investors who invested in the 1st stage of the project will additionally be allocated and paid a late payment penalty of 7,218.75 EUR.

Fund disbursement to investors will be distributed in the next 2 working days. 

2025-08-22

We would like to inform you that the project owner made a partial loan repayment. We are expecting the remaining loan amount to be paid in the near future.

We would like to remind you that a late payment penalty of 0.2% will be applied for each day of delay in loan repayment (late payments are subject to late loan administration fees of 0.1% per day). 

2025-08-19

Due to the notarial process taking longer than expected, the return of investments to investors for project K36, Panevėžys, will take longer than expected.

The project owner has entered into a loan agreement with another credit institution, which will refinance all stages of the project.

We would like to remind you that a late payment penalty of 0.2% will be applied for each day of delay in loan repayment (late payments are subject to late loan administration fees of 0.1% per day).

2023-10-09

Dear Investor,

Due to a technical error, interest for the month of September was not distributed to all investors correctly.
However, the issue has been identified, and payments have started to be processed. Fund disbursement is underway and will be distributed within 1 working day.

2023-08-17

We would like to inform you that the mortgage on the project’s – K36, Panevėžys assets, has been successfully placed (the document is attached in the documents section).

The first interest payment for this project will be distributed next month.

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