Reasons to invest in the project KB21, Riga I:
Attractive Returns: 7.75-9% annual interest paid monthly;
Fixed Capital Gains: 1.5% p.a., paid upon repayment of the loan;
Growing Demand: Central Riga location with increasing need for budget accommodation;
Planned Conversion: 28 rooms and 40 capsules (pods) with shared facilities;
LTV: Only 52% for this financing stage, based on an independent appraiser's reports.
The InRento team presents its first project in Riga – KB21, Riga, located in the center of Latvia’s capital – Riga with metropolitan population of more than 840,000 residents. Riga is the country’s economic and cultural hub, attracting strong demand for affordable accommodation.
The investment offer consists of a commercial building of 708.20 sq. m. and an adjoining land plot of 326.00 sq. m. at Krišjāņa Barona St. 21A, Riga. As additional collateral, the project also includes an apartment of 60.96 sq. m. in Vilnius, at Vytenio St. According to independent appraiser reports, the combined collateral value amounts to 845,700 EUR, resulting in a conservative LTV of 52% for this financing stage. The maximum LTV for this project is 70%.
The purpose of the project is to convert the building into budget short-term accommodation, offering 28 rooms and 40 capsules (pods), supported by shared showers and utilities. Guests will also benefit from a common space for work and leisure, while the courtyard will provide parking for cars. Renovation works will include infrastructure upgrades, façade improvements, and basement renewal. Once the project is fully operational, the owner expects to generate an annual profit of around 300,000 EUR.
The project owner – Sandeas Capital, SIA – is represented by experienced real estate professionals Lina Baronaitė and Gediminas Kvedaris, who together have more than ten years of experience in real estate development. Their portfolio includes successful short-term rental projects in Lithuania’s largest cities – Vilnius, Kaunas, and Klaipėda – as well as internationally in Lapland, Finland, and Sicily, Italy. They also manage projects already financed on the InRento platform, including Hotel Catania, Italy, Old Town Stay, Vilnius, and P6, Kaunas. Currently, their portfolio covers 130 apartments and rooms under management, with an additional 70 units under active development.
The project’s location provides excellent accessibility. The building is situated in central Riga, close to the city’s main transport routes and within walking distance of public transit. Riga Old Town and its cultural landmarks are just 10–15 minutes away on foot, making the property attractive for short-term guests. Shops, services, cafés, restaurants, and entertainment venues are also nearby, ensuring convenience for visitors.
The KB21, Riga project allows investors to earn monthly fixed interest of 7.75-9% per annum, as well as additional fixed capital gains of 1.5% per annum payable at the end of the loan term.
The maximum duration of the loan is 24 months.