Available for funding: €0
 
€800 000
437 investors

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Annual fixed-return rate:
10% - 10.5%

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:
Fixed 1.5% annualy

Shows amount that you are expected to earn during one year of investment. Earnings are automatically calculated when you enter the investment amount above.

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Reasons to invest in the project D53, Kaunas I:

The financed project is located in an attractive location of Kaunas city – right next to the Neris River;

Currently, the project owner has concluded 51 reservation contracts with the buyers for a total amount of EUR 1,580,266, of which EUR 1,087,976 has already been paid;

Interest is payable monthly with a very attractive return of 10% – 10.5% per annum, plus an additional 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 is 45%, maximum LTV for the whole project is 51%;

The independent valuer has valued the financed property at EUR 1,781,000.

InRento team presents a new buy-to-let project – D53, Kaunas I. The investment offer consists of an eight-storey building with a basement located in an attractive location of Kaunas city – right next to the Neris River and only 5 minutes away by car from Kaunas Old Town, located at Demokratų st. 53, Kaunas.

The area of the financed project is 4269.74 m². This building (8224.14 m²) will be modernised and reconstructed. The plan is to create 192 studios-lofts of various sizes for rent.

Currently, the project owner has concluded 51 reservation contracts with the buyers for a total amount of EUR 1,580,266, of which EUR 1,087,976 have already been paid. This increases the attractiveness of the project and reduces the risk for those investing in the project. 

Renovation works will start with the insulation of the roof and the decoration and insulation of the façade, the renovation of corridors and staircases, the installation of new armoured doors and plastic windows. 

There will also be new utility connections: electricity, sewage, water, and district heating, collector (regulated). The lofts will have mezzanine floors and there will be two elevators in the building. 

The owner of the project is Kauno plėtros projektai, UAB. This company is successfully managing another project financed on the InRento platform called K36, Panevėžys. 

Investors will be paid a very attractive fixed interest rate of 10% – 10.5% per annum every month, depending on the amount invested.

This project also has a fixed annual capital growth rate of 1.5% payable at the end of the project. This raises the overall yield of this phase to between 11.5% and 12% annual return.

The maximum loan duration for this project is only 24 months. The maximum loan-to-value (LTV) ratio for this project is very attractive at 45%. 

2023-11-29

We would like to inform you that the mortgage on the project’s – D53, Kaunas I asset, has been successfully placed (the document is attached in the documents section).

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