Sea Apartments 13, Palanga II
Reasons to invest in the project Sea Apartments 13, Palanga II:
- The investment project is just a 12-minute walk from Vanagupė Beach in Palanga;
- 13 individual apartments, each with its own storage unit and a dedicated parking slot;
- Variable capital gains – up to 30% investor profit share;
- Expected profit from apartment sales reaching up to EUR 210,000;
- Interest is paid monthly with an attractive 10.25% – 11.5% annual return;
- The project owner has extensive experience in various renovation and conversion projects on the Baltic Sea coast, in Klaipėda, Palanga and Kunigiškės;
- The maximum loan-to-value ratio (LTV) for this project is 70%;
- An independent appraiser valued the project assets at EUR 1,104,000.
The InRento team presents the second stage of buy-to-let project: Sea Apartments 13, Palanga II. The investment offer consists of a residential property situated near the Baltic Sea, including a land plot and additional premises, located at Vanagupės St. 2, Palanga.
One of the most attractive aspects of the project is its location. The property is surrounded by well-developed infrastructure, allowing Vanagupė Beach to be reached in just 12 minutes on foot. Vanagupė Beach itself is a clean and less urbanised part of the Lithuanian seaside coastline, valued for its natural environment and surrounding forests.
The financed project consists of a 513 m² residential house with 96 m² of bar premises and a 20-are land plot. The plan is to make efficient use of all available spaces by installing 13 separate apartments, each with an individual storage room and a dedicated parking slot. The planned average apartment size is 37 m².
Given its desirable location, the project owner aims to either rent or sell holiday homes.
The project owner – K8-5, MB is successful company led by director Donatas Banys. He has more than 15 years of experience in the construction sector, working as both an individual and a general contractor. His expertise lies in renovation and conversion projects in Klaipėda, Palanga, and Kunigiškiai.
Currently, the project owner is successfully implementing a similar project financed on the InRento platform – B35, Vilnius. In addition to regular monthly interest payments, the project has demonstrated repayment progress, highlighting the project owner's effective management capabilities.
The project owner's profit from selling all the apartments is expected to be up to EUR 210,000, which will be split between the project owner and the investors.
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.
Investors will be paid a fixed interest rate of 10.25% – 11.5% per annum, depending on the amount invested.
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 loan duration for this project is 24 months.
Investors will be paid a fixed annual interest of 10.25% – 11.5% 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.
Read full information on pricing on this link.
2025-09-12
The project – Sea Apartments 13, Palanga has been partially realized.
Investors have been repaid EUR 53,353.95 for Stages I and II.
The payments were distributed together with the variable capital gains totalling EUR 10,348.31.
However, no repayment was made for Stage III investors, as the property sale agreement was concluded before this phase's financing date.
2025-08-16
We would like to inform you that, due to a technical issue with the payment processing system, interest amounts for the months of July and August were paid together on 15 August 2025 to all investors in the Sea Apartments 13, Palanga (Stage 1 and 2) projects.
Please note that this means interest for August will not be distributed in September. The next scheduled interest payment, covering September, will take place in October.
Should you have any questions regarding this matter, please do not hesitate to reach out to us at info@inrento.com.
We apologise for any inconvenience caused.
2025-07-11
The mortgage agreement with the project owner has been successfully concluded and registered (the document can be found in the "Documents" section of the project description).
Here you can find the complete payment history for this project. The list includes all payments made by the project owner, covering interest payments, principal repayments, capital gain payments, and any late payment fees.
| Payment date | Type | Payment status | Paid |
|---|---|---|---|
| 16 March 2026 | Interest payment | Paid late in grace period Payment was made after the due date but within 14 days of it. Late payment interest is calculated from the first overdue day. | € 867.37 |
| 18 February 2026 | Interest payment | Paid late in grace period Payment was made after the due date but within 14 days of it. Late payment interest is calculated from the first overdue day. | € 867.37 |
| 14 January 2026 | Interest payment | Paid on time Payment was received by the due date with no delay | € 867.37 |
| 15 December 2025 | Interest payment | Paid on time Payment was received by the due date with no delay | € 867.37 |
| 18 November 2025 | Interest payment | Paid late in grace period Payment was made after the due date but within 14 days of it. Late payment interest is calculated from the first overdue day. | € 867.37 |
| 14 October 2025 | Interest payment | Paid on time Payment was received by the due date with no delay | € 867.37 |
| 12 September 2025 | Partial principal repayment | Paid on time Payment was received by the due date with no delay | € 5 960.48 |
| 12 September 2025 | Capital gains payment | Paid on time Payment was received by the due date with no delay | € 1 434.11 |
| 15 August 2025 | Interest payment | Paid on time Payment was received by the due date with no delay | € 918.54 |
| 15 August 2025 | Interest payment | Paid on time Payment was received by the due date with no delay | € 271.65 |
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