Reasons to invest in the project M8 Co-living, Vilnius I:
Experienced project owner – successfully developed lofts in this part of Vilnius;
Interest is paid monthly with an attractive annual return of 8% – 8.5% plus an additional fixed annual capital gains return of +1.5% (paid at the end of the project);
The loan to value (LTV) for this phase is very attractive at 30%, the maximum LTV for the whole project is 70%;
The independent appraiser appraised the premises at EUR 685,000.
InRento team presents a new buy-to-let project M8 Co-living, Vilnius I. The investment offer consists of premises in Vilnius that will be converted into lofts.
The total area of the financed properties is 600.87 m². The plan is to convert these premises into 19 separate lofts for accommodation activities. The owner of the project has already carried out such conversion on the other floors of the building and will convert the whole building upon completion of these remaining floors.
Some of the lofts on the other floors have been financed on the InRento platform with the M8, Vilnius project, which has been paying interest on time for the investors and has had a partial realization of the project.
The project owner is expecting to generate a total rental income of EUR 6,650 per month, which covers the amount of interest paid to the investors each month. The owner of the project, Linas Ginaitis, has been successfully managing several buy-to-let projects financed on the InRento platform and has not had a single late or default project.
Investors will be paid a fixed interest rate of 8% – 8.5% per annum, depending on the amount invested.
This project also has a fixed annual capital growth rate of 1.5% paid at the end of the project, which raises the total yield of the project from 9.5% to 10% annual return.