Reasons to invest in the project Didžioji 22, Vilnius IV:
Prime location – the property is next to Vilnius City Town Hall;
Interest is paid monthly with an annual return of 6.79% – 7.1%;
Fixed annual return on capital gains: +1.5% (paid at the end of the project);
Fixed interest linked (indexed) to inflation;
The loan-to-value (LTV) ratio for this project is 77%;
According to the reports of an independent valuer, in 15 months the value of the financed property has increased from EUR 317,000 to EUR 550,000.
InRento team presents the fourth stage of the financing of the buy-to-let project – Didžioji 22, Vilnius IV. The investment offer consists of a 112.80 m² property located in Vilnius Old Town, Didžioji str. 22.
The uniqueness of this project is its location. The building is just a few meters from one of the prominent Vilnius landmarks – Town Hall.
The first stage of financing for this project took place 17 months ago. During this period, the project owner received permission to renovate the facade of the building. Also, a permit was granted for the building's conversion so that each apartment has its own entrance.
The project owner has renovated plumbing, flooring, walls, ceilings, electrical and air-conditioning systems, a heat recovery ventilator, replaced windows and doors. The next steps will be the final finishing touches and furnishing of the apartment with furniture and appliances.
According to the reports of an independent valuer, in 15 months the value of the financed property has increased from EUR 317,000 to EUR 550,000. The project is oriented towards short-term rentals.
The project owner has been paying monthly interest to the investors on time throughout the loan period. Monthly interest was indexed in January 2024 based on the euro area Consumer Price Index (CPI), which increased the interest return to the investors.
Investors will be paid a fixed annual interest of 6.79% – 7.1%, depending on the amount invested. This project has a fixed 1.5% annual capital gains, which are paid at the end of the project. This raises the overall yield of this stage of the project between 8.29% and 8.6% of the annual return.
Please note that the mortgage agreement for this loan is already signed, therefore the interest for this phase will start to accrue to the investors as soon as the money is actually disbursed to the project owner.