Reasons to invest in the project M10 Co-living, Vilnius XI:
Co-living project with children's playground and surface parking spaces;
Variable capital gains - investors' share of profits is 30%;
Interest is paid monthly to investors with an attractive annual return of 8% – 8.5%;
In May and June this year, there were sales of 2 units which generated an average return on net capital gains (ROI) of 17.24% (after accounting fees) for the investors of the project;
Experienced project owner with extensive experience in the microflat segment;
The loan-to-value (LTV) ratio for this project is 66%, and the maximum LTV for the entire project is 70%;
According to the independent appraiser’s reports, the value of the property has increased from EUR 1,221,000 to EUR 2,265,000 in 15 months.
InRento team presents the eleventh stage of the buy-to-let project – M10 Co-living, Vilnius XI. The investment offer consists of – two buildings and a plot of land located just 15 minutes away with a car from Vilnius Old Town at Mokyklos str. 10A, Galgiai, Vilnius district.
The funding includes a plot of land of 0.29 Ha and two buildings with a total area of 1612.66 m².
The first stage of this project was financed on the InRento platform in May last year. During this period, ten phases have been funded for a total amount of EUR 1,348,900.
The owner of the project is successfully paying interest to investors every month. In addition, there were partial loan repayments totalling EUR 114,492. In May and June this year, in total 2 units were sold which generated an average return on net capital gains (ROI) of 17.24% (after accounting fees) for the investors of the project.
According to the independent appraiser’s reports, the value of the property has increased from EUR 1,221,000 to EUR 2,265,000 in 15 months.
Valuation of the property has increased due to the fit-out works on the 19-apartment building. Some apartments' interiors are fully finished, while others have partial finishes. Currently, in this building, 4 apartments are already reserved, and 4 more are for sale.
A total of 31 housing units are planned for these buildings, of which 14 will be one-room apartments, 12 will be two-room apartments, and 5 will be three-room apartments. In addition, a children's playground and surface parking spaces are planned in the nearby area. The project is focused on long-term rent and future sales.
The project owner, Linas Ginaitis, successfully manages several buy-to-let projects on the InRento platform and does not have a single late project.
Investors will be paid a fixed annual interest of 8% – 8.5% depending on the amount invested.
The project allows investors to earn a return on variable capital gains (profit share) when the property is sold at a higher price. The investors' share of the profit (capital gains) up to 30% (please find more information on Special terms & conditions of the loan annex 5). Investors are subject to an accounting fee on capital gains, which depends on the amount invested: the higher the amount invested, the lower the accounting fee ratio. See below for more details.
Please note that the mortgage for this project signed, thus the interest for this phase will start to accrue to the investors as soon as the money is actually disbursed to the project owner.