M8 Co-living, Vilnius III
Reasons to invest in the project M8 Co-living, Vilnius III:
- Experienced project owner – successfully developed lofts in this part of Vilnius;
- Interest is paid monthly with an attractive annual return of 8% – 8.4% 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 attractive at 61%, the maximum LTV for the whole project is 70%;
- The independent appraiser appraised the premises at EUR 685,000.
InRento team presents the third stage of financing the buy-to-let project: M8 Co-living, Vilnius III. 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% – 8.4% 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 9.9% annual return.
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.
The profit margin is payable whether or not the Loan is repaid on the sale of the property. This project will be financed in three stages.
Enabled Projects
Vilnius Lithuania