The InRento team presents a fourth stage of buy-to-let project – B35, Vilnius IV. The investment offer consists of a house with a plot of land next to a pond, 15 minutes drive from the Old Town of Vilnius.
The property is located at Bartų str. 35, Vilnius district, Zujūnai. Close to the Western Bypass, which provides easy access to the main parts of Vilnius city.
According to the reports of an independent appraiser, the value of the property has increased from EUR 481,000 to EUR 699,000 over 12 months.
The replacement of the roof and its structure, the installation of plumbing and electrical systems, and the installation of new windows have increased the value of the asset. Currently, the facade renovation is being completed, and preparations for the installation of underfloor heating and concrete work are underway. Next, the staircase will be installed, and the surrounding area will be landscaped.
The plan is to make efficient use of the entire 443.83 m² of the current building by adding 19 residential units of 13 – 28 m². The facilities will be furnished to modern standards. Surface parking spaces are planned in the vicinity. This project is oriented towards rentals and future disposals.
The project owner's expected profit (capital gain) on selling all the units would be up to EUR 231,060, split between the project owner and the investors. The loan amount for this project is EUR 515,000, on which the variable capital gains will be calculated.
Investors will be paid a fixed interest rate of 10% – 10.4% per annum, depending on the amount invested.
The project allows investors to earn a return on variable capital gains if the property is sold at a higher price. The investors' share of the profit (capital gains) is up to 30%. Please note that 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.
The maximum loan duration for this project is only – 8 months.
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.
Investors will be paid a fixed annual interest of 10% – 10.4% depending on the amount invested.
The project allows investors to earn a return on variable capital gains if the property is sold at a higher price. The investors' share of the profit (capital gains) until 30%. Please note that investors are subject to an accounting tax on capital gains, which depends on the amount invested – the higher the amount invested, the lower the tax rate.
We are pleased to announce that the project – B35, Vilnius, has been fully realized.
The investment offer consisted of a house with a plot of land next to a pond, 15 minutes drive from the Old Town of Vilnius.
The total average annual return to investors in this project was higher than expected: in the 1st and 2nd stages reaching 16.24% instead of 11%, in the 3rd and 4th stages reaching 16.68% instead of 10%.
The disbursement of funds is currently underway and will be distributed within 2 working days.
We would like to inform you that the project owner has fully realised the B35, Vilnius project, but as the units of the property were not sold within the loan period, the project owner made a decision to refinance the project with another financial institution. Refinancing has been successfully secured, so all investors who have invested in all the stages of this project will be fully reimbursed in the near future.
In accordance with the loan agreement:
The project – B35, Vilnius has been partially realized.
Investors have been repaid EUR 29,917.23 for all project stages.
The payments were distributed together with the fixed capital gains totalling EUR 3,292.62.
The project – B35, Vilnius has been partially realized.
Investors have been repaid EUR 40,137.87 for all project stages.
The payments were distributed together with the fixed capital gains totalling EUR 1,440.91.
The project – B35, Vilnius has been partially realized.
Investors have been repaid EUR 29,650.19 for all project stages.
The payments were distributed together with the fixed capital gains totalling EUR 1,649.92.
The project – B35, Vilnius has been partially realized.
Investors have been repaid EUR 61,684.82 for all project stages.
The payments were distributed together with the variable capital gains totalling EUR 5,967.93.
The project – B35, Vilnius has been partially realized.
Investors have been repaid EUR 31,564.82 for all project stages.
The payments were distributed together with the variable capital gains totalling EUR 3,186.50.
We would like to inform you that the mortgage on the project’s – B35, Vilnius assets, has been successfully placed (the document is attached in the documents section).
The first interest payment for this project will be distributed next month.