V9, Biržai I
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.
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 1.5% shall be applied to the Instalment.
Example calculation: If the Loan is repaid after one year, a fixed return of 1.5% applies. If the Loan is repaid after 24 months, a fixed return of 3% applies. If the Loan is repaid after 36 months, a fixed return of 4.5% applies. If the Loan is repaid after 48 months, a fixed return of 6% applies. If the Loan is repaid after 60 months, a fixed return of 7.5% applies.
This project will be funded in four stages.
2025-01-03
The maximum loan term for all financing stages has been aligned with the first stage. The project owner undertakes to repay the loan amounts for all phases by 7 December 2026.
For further details, please refer to the documents section – Special terms & conditions of the loan annex (3).
2023-12-04
We would like to inform you that the mortgage on the project’s – V9, Biržai I, has been successfully placed (the document is attached in the documents section).
The interest payment for this project will be distributed next month.
Enabled Projects
Biržai Lithuania