Reasons to invest in the project 46 Lofts, Kaunas VI:
The financed property is located just 5 minutes by car from Kaunas Žalgiris Arena;
The plan is to create 46 modern loft-style apartments for contemporary city living;
Interest is payable monthly with a very attractive annual return of 10% – 10.4%, plus additional fixed annual capital gains of 1.5% (payable at the end of the project);
The project owner specialises in real estate development, construction and rent for more than 10 years;
Projected rental income between EUR 9,000 and EUR 24,000 per month;
The project has a maximum loan-to-value (LTV) ratio of 70%;
According to the reports of an independent appraiser, the value of the property has increased from EUR 1,500,000 to EUR 2,142,850 over 6 months;
Additional asset was pledged for this project, which was valued by an independent appraiser at EUR 261,000.
The InRento team presents a sixth stage of buy-to-let project: 46 Lofts, Kaunas VI. The investment offer consists of a 1,449 m² building located just 5 minutes drive from Kaunas Žalgiris Arena, at Drobės St. 11, Kaunas.
The goal of this stage of financing is to keep going with the building renovation, creating 46 modern loft-style apartments for modern city living. The average apartment size is planned to be 32 m². The project owner plans to sell some of the apartments, while the rest will be used for short-term and long-term rentals.
A new partial asset valuation was performed, after which the value of the financed object, consisting of ten separate units, increased by EUR 101,850.
In order to protect the interests of investors, additional asset has been pledged in this project to ensure that the maximum loan-to-value (LTV) ratio does not exceed the 70% limit set in the agreement. An independent appraiser valued the additional asset pledged at EUR 261,000. The report is available in the project documents section.
Currently, installation work is being completed, including interior finishing, facade work and landscaping.