46 Lofts, Kaunas VI

Kaunas, Lithuania

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Stage: VI

Available for investing:: €0

95 investors

€ 71 000

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The annual return indicates the fixed-interest rate, or what investors shall earn in percentages. Percentage may depend on amount of the investment. To see specific returns please enter investment amount above. Fixed annual interest: 10-10.4%

The annual return indicates the fixed-interest rate, or what investors shall earn in percentages. Percentage may depend on amount of the investment. To see specific returns please enter investment amount above. Fixed capital gains: 1.5%
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Security indicates the measures that are being taken to secure your investment. Mortgage means the funds of investors are secured by mortgaging the asset in the name of investors. In case of project owner's default the mortgage of the asset would be used to recover principal investment of investors. Security: 1st-rank Mortgage

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.

We would also like to remind you that, according to the latest reports from an independent property appraiser, the value of the 1,449 m² building undergoing modernization increased from EUR 1,500,000 to EUR 2,142,850 in 6 months.

Currently, installation work is being completed, including interior finishing, facade work and landscaping.

The average price per m² is expected to be below the market average for similar locations in Kaunas, at EUR 2,153. The sale prices of the apartments will start from EUR 39,000 and up to EUR 109,000, making the property affordable for lower-income earners and investors buying the property as a rental investment.

Depending on the sales of the project and the number of unsold apartments, the project owner expects to generate between EUR 9,000 and EUR 24,000 of rental income per month. The rental income will provide a steady cash flow, helping to cover the monthly interest payments and other potential costs associated with managing the property.

The project's owner specialises in property development, construction and rent for over 10 years. The main activities include constructing and renting residential and commercial buildings, ensuring high project quality and long-term value retention. The project owner has completed several projects, including a few in Kaunas – Bernardinų Plytinės St. 27 and M. Riomerio St. 35A.

Investors will be paid a fixed interest rate of 10% – 10.4% per annum, depending on the amount invested. This project also has a fixed annual capital gains of 1.5%, payable at the end of the project. This raises the overall yield of the project from 11.5% to 11.9% annual return.

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.

The maximum duration of the project is 36 months.

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. If the Loan is repaid after 36 months, a fixed return of 4.5% applies.

The profit margin is payable whether or not the Loan is repaid on the sale of the property.

36 months

Maximum loan term

10-10.4%

Fixed annual interest

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