K36, Panevėžys II
Reasons to invest in the project K36, Panevėžys II:
- One of the most attractive locations in Panevėžys – on the banks of the Nevėžis River with well-developed infrastructure, in the city centre;
- Six-storey building with a total area of 2869.63 m². After the fit-out and renovation works, it is expected to generate a total rental income of EUR 25,258 per month;
- Interest is payable monthly with an attractive annual return of 9% – 9.5% and 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 53%, maximum LTV for the whole loan is 70%;
- According to the reports of an independent appraiser, the value of the property has increased from EUR 1,019,000 to EUR 1,507,000 since June this year.
InRento team presents the second stage of financing of the buy-to-let project – K36, Panevėžys II, address Kranto str. 36
The location of this project is one of the most attractive places in Panevėžys – on the bank of the Nevėžys River with well-developed infrastructure, right in the city centre.
According to the reports of an independent appraiser, the value of the property has increased from EUR 1,019,000 to EUR 1,507,000 since June this year. During this period, the facade of the building was partially refurbished, whilst partition walls were added inside the building to make the most efficient use of the existing space. In addition, the building’s communications were upgraded.
The total area of the building – 2869.63 m². The project is planned to be converted into 52 separate loft apartments, of which 4 apartments located on the sixth floor of the building will be of higher class and will have private terraces with panoramic views.
After the renovation and furnishing works, the project owner forecasts a rental income of EUR 176,803 in 2024 and EUR 303,091 in 2025. In addition, according to the submitted business plan, the project owner expects to generate between EUR 727,327 and EUR 1,304,437 in profit (before tax) from the realisation of the project assets. This provides a large margin of safety for the investors.
The owner of the project is Kauno plėtros projektai, UAB. The company's CEO, Oleg Orlov, is an experienced real estate developer who has developed large-scale conversion projects.
Investors will be paid a fixed monthly interest of 9% – 9.5% per annum, depending on the amount invested.
This project also has a fixed annual capital gain of 1.5%, payable at the end of the project, which raises the total yield of the project from 10.5% to 11% 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.
The profit margin is payable whether or not the Loan is repaid on the sale of the property.
This project will be financed in the four stages.
2025-08-28
We would like to inform you that the project owner has successfully repaid the full loan amount together with accrued interest and late payments.
Investors who invested in the 1st stage of the project will additionally be allocated and paid a late payment penalty of 7,218.75 EUR.
Fund disbursement to investors will be distributed in the next 2 working days.
2025-08-22
We would like to inform you that the project owner made a partial loan repayment. We are expecting the remaining loan amount to be paid in the near future.
We would like to remind you that a late payment penalty of 0.2% will be applied for each day of delay in loan repayment (late payments are subject to late loan administration fees of 0.1% per day).
2025-08-19
Due to the notarial process taking longer than expected, the return of investments to investors for project K36, Panevėžys, will take longer than expected.
The project owner has entered into a loan agreement with another credit institution, which will refinance all stages of the project.
We would like to remind you that a late payment penalty of 0.2% will be applied for each day of delay in loan repayment (late payments are subject to late loan administration fees of 0.1% per day).
2023-10-09
Dear Investor,
Due to a technical error, interest for the month of September was not distributed to all investors correctly.
However, the issue has been identified, and payments have started to be processed. Fund disbursement is underway and will be distributed within 1 working day.
2023-08-17
We would like to inform you that the mortgage on the project’s – K36, Panevėžys assets, has been successfully placed (the document is attached in the documents section).
The first interest payment for this project will be distributed next month.
Here you can find the complete payment history for this project. The list includes all payments made by the project owner, covering interest payments, principal repayments, capital gain payments, and any late payment fees.
| Payment date | Type | Payment status | Paid |
|---|---|---|---|
| 28 August 2025 | Full principal repayment | Paid on time Payment was received by the due date with no delay | € 100 000 |
| 28 August 2025 | Capital gains payment | Paid on time Payment was received by the due date with no delay | € 2 625.42 |
| 28 August 2025 | Interest payment | Paid on time Payment was received by the due date with no delay | € 693.79 |
| 05 August 2025 | Interest payment | Paid on time Payment was received by the due date with no delay | € 753.87 |
| 07 July 2025 | Interest payment | Paid on time Payment was received by the due date with no delay | € 753.87 |
| 04 June 2025 | Interest payment | Paid on time Payment was received by the due date with no delay | € 753.87 |
| 06 May 2025 | Interest payment | Paid on time Payment was received by the due date with no delay | € 753.87 |
| 03 April 2025 | Interest payment | Paid on time Payment was received by the due date with no delay | € 753.87 |
| 06 March 2025 | Interest payment | Paid on time Payment was received by the due date with no delay | € 753.87 |
| 04 February 2025 | Interest payment | Paid on time Payment was received by the due date with no delay | € 753.87 |
| 07 January 2025 | Interest payment | Paid on time Payment was received by the due date with no delay | € 753.87 |
| 05 December 2024 | Interest payment | Paid on time Payment was received by the due date with no delay | € 753.87 |
| 06 November 2024 | Interest payment | Paid on time Payment was received by the due date with no delay | € 753.87 |
| 04 October 2024 | Interest payment | Paid on time Payment was received by the due date with no delay | € 753.87 |
| 05 September 2024 | Interest payment | Paid on time Payment was received by the due date with no delay | € 753.87 |
| 05 August 2024 | Interest payment | Paid on time Payment was received by the due date with no delay | € 753.87 |
| 05 July 2024 | Interest payment | Paid on time Payment was received by the due date with no delay | € 753.87 |
| 04 June 2024 | Interest payment | Paid on time Payment was received by the due date with no delay | € 753.87 |
| 06 May 2024 | Interest payment | Paid on time Payment was received by the due date with no delay | € 753.87 |
| 08 April 2024 | Interest payment | Paid late in grace period Payment was made after the due date but within 14 days of it. Late payment interest is calculated from the first overdue day. | € 753.87 |
| 06 March 2024 | Interest payment | Paid on time Payment was received by the due date with no delay | € 753.87 |
| 06 February 2024 | Interest payment | Paid on time Payment was received by the due date with no delay | € 753.87 |
| 08 January 2024 | Interest payment | Paid late in grace period Payment was made after the due date but within 14 days of it. Late payment interest is calculated from the first overdue day. | € 74.25 |
Enabled Projects
Panevezys Lithuania