Reasons to invest in the project 46 Lofts, Kaunas VII:
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% – 10.5%, 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%;
A new partial asset valuation was carried out, after which the value of the financed object increased by EUR 565,445 following the valuation of 15 additional individual assets;
Additional asset was pledged for this project, which was valued by an independent appraiser at EUR 261,000.
The InRento team presents a seventh stage of buy-to-let project: 46 Lofts, Kaunas VII. 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 carried out, after which the value of the financed object increased by EUR 565,445 following the valuation of 15 additional individual assets.
11 assets have already been fully realized in this project, which demonstrates the attractiveness of this project and the liquidity of the mortgaged assets.
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.