Reasons to invest in the project V9, Biržai I:
The financed project is located in the centre of Biržai;
Interest is paid monthly with an attractive annual return of 9% – 9.5% plus an additional fixed annual return on capital gains: +1.5% (paid at the end of the project);
The owner of the project is an experienced property project owner with other projects in the city;
Loan to Value (LTV) for this stage is 55%, maximum LTV for the whole project is 73%;
According to the reports of an independent property appraiser, the value of this financed property has increased from EUR 260,000 to EUR 398,000 in just over a year.
InRento team introduces a new buy-to-let project in the Northern Lithuania tourist spot Biržai, Vytauto g. 9.
The financing of this project is, as planned, directed to the refinancing of another project on the InRento platform, called V9 Biržai.
The investment proposal consists of a building in the city centre of Biržai with a total financed area of 550.21 m². This property has been physically subdivided and separated into commercial and accommodation units as planned over the last 12 months.
The commercial space consists of retail and catering areas of 113.81 m² and 170.67 m² respectively. The accommodation space has a total area of 249.03 m², which will be used for five separate apartments ranging from 34.47 m² to 61.65 m².
According to the reports of an independent appraiser, the value of this asset has increased from EUR 260,000 to EUR 398,000 in just over a year.
The owner of the project, Justas Kaveckas, comes from Biržai itself and has a good knowledge of the real estate market in Biržai. Seeing the demand for higher-end housing and commercial space, he decided to carry out this property rental project.
The renovated building is planned to house a family-friendly restaurant and a clothing store. The project owner expects to generate EUR 4,800 per month by fully furnishing and renting the building.
Investors will be paid an attractive fixed interest rate of 9% – 9.5% per annum, 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 10.5% and 11% annual return.
At the same time, we invite you to take a closer look at Biržai.