Co-living: P97, Vilnius IV

Vilnius, Lithuania

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Stage: IV

Available for investing:: €0

222 investors

€ 200 000

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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. Fixed annual interest: 6.5-7%

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. Fixed capital gains: 1.75%
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

Reasons to invest in the project Co-living: P97, Vilnius IV:

The project owner has concluded 33 lease agreements with tenants;
The project generates a monthly rental income of EUR 11,587:
Co-living apartments in Vilnius city;
Interest is paid monthly with an attractive annual return of 6.5% – 7%, plus the project has a fixed annual return on capital gains of +1.75%, which is payable at the end of the project;
The loan to value (LTV) of this project is very attractive at 57%;
An independent appraiser appraised the premises at EUR 1,407,000.

InRento team presents the fourth and final stage of financing for the buy-to-let project Co-living: P97, Vilnius IV. Co-living apartments are located at Pramonės str. 97, Vilnius.

The first stage of financing of this project was completed in May last year. During this period, the private and common areas of the property have been renovated, refurbished, and new lease agreements have been concluded with the tenants.

Currently, the owner of the project has 33 different lease agreements in place, generating EUR 11,587 per month in rental income. This provides a high margin of safety as the amount of income generated by the project owner is higher than the amount of interest paid to investors each month.

The total floor area of the project is 1341.15 m², consisting of the sixth, seventh and eighth floors and common areas.

Investors will be paid a fixed interest of 6.5% – 7% per annum, depending on the amount invested. The project also has a fixed annual capital gain percentage of 1.75%, payable at the end of the project, which raises the total yield of the project from 8.25% to 8.75% annual return.

The loan to value (LTV) of this project is very attractive at 57%. The total amount financed for all four phases is EUR 800,000, and the value of the collateral is EUR 1,407,000.

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 1.75% shall be applied to the Instalment.

Example calculation: If the Loan is repaid after one year, a fixed return of 1.75% applies. If the Loan is repaid after 24 months, a fixed return of 3.5% applies. If the Loan is repaid after 36 months, a fixed return of 5.25% applies. If the Loan is repaid after 48 months, a fixed return of 7% applies. If the Loan is repaid after 60 months, a fixed return of 8.25% applies.The profit margin is payable whether or not the Loan is repaid on the sale of the property.

60 months

Maximum loan term

6.5-7%

Fixed annual interest

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