Reasons to invest in the project River lofts, Kaunas:
The financed project is located in an attractive location of Kaunas city – right next to the Neris River;
Currently, the project owner has 88 reservation contracts with buyers for a total amount of EUR 2,729,464;
Interest is payable monthly with a very attractive return of 10% – 10.5% per annum, plus an additional 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 for the project is 54%;
The maximum loan duration for this project is only 12 months;
The independent valuer has valued the financed property at EUR 979,000.
InRento team presents a new buy-to-let project – River lofts, Kaunas. The investment offer consists of an eight-storey building with a basement located in an attractive location of Kaunas city – right next to the Neris River and only 5 minutes away by car from Kaunas Old Town, located at Demokratų st. 53, Kaunas.
The area of the financed project is 2220.77 m². The building (8224.14 m²) will be fully modernised. The plan is to create 192 studios-lofts of various sizes for rent.
Currently, the project owner has 88 reservation contracts with buyers for a total amount of EUR 2,729,464. This increases the attractiveness of the project and reduces the risk for those investing in the project.
Currently five showrooms are being installed to showcase fully furnished lofts to potential buyers, which help increase sales of rental properties.
Renovation works of the building are underway the insulation of the roof and the decoration and insulation of the façade, the renovation of corridors and staircases, the installation of new armoured doors and plastic windows. There will also be new utility connections: electricity, sewage, water, and district heating, collector (regulated). The lofts will have mezzanine floors and there will be two elevators in the building.
The project owner is an experienced property developer who has developed large-scale conversion projects.
Investors will be paid a very attractive fixed interest rate of 10% – 10.5% per annum every month, 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 11.5% and 12% annual return.
The maximum loan duration for this project is only 12 months. The loan-to-value (LTV) ratio for this project is very attractive at 54%.