The InRento team presents a new project – P53, Vilnius I, located in the heart of Vilnius Old Town, next to the historic Hall Market.
The investment offer consists of 704.81 sq. m. of hotel premises and 120.43 sq. m. of commercial premises, located at Pylimo St. 53, Vilnius. The property is secured by a first-ranking mortgage. The loan is structured into several tranches, with the first tranche amounting to EUR 1,650,000.
The property currently operates as a hotel with 35 individual rooms, which will be converted into an aparthotel concept apartaments. These units will then be sold individually, creating additional value for investors. Several rooms feature exceptional views of the Vilnius Hall Market front facade, further enhancing the property’s attractiveness. On a conservative basis, the projected profit of this project is estimated at up to EUR 500,000.
The project owner is Vilniaus kvadratai, UAB, represented by director Linas Ginaitis. The company is also successfully managing another project financed on the InRento platform – City Hotel, Vilnius, showcasing its track record in hospitality and property management.
The location of the project is one of its strongest advantages. It is situated in Vilnius Old Town, just steps away from City Hall and only a few minutes from the central train station. The area is surrounded by a wide range of services, including restaurants ranging from affordable dining to Michelin-rated establishments, as well as cultural landmarks, retail, and leisure options.
According to an independent appraiser report, the collateral value supports a loan-to-value ratio of 50%, ensuring conservative financing terms.
Project allows investors to earn monthly fixed interest of 10 – 11.25% p.a., together with up to 30% of profit share with investors at the time of property sales.
The maximum loan duration for this project is 36 months.
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.
The project – P53, Vilnius has been partially realised.
Investors have been repaid EUR 118,483.68 for all project stages.
The payments were distributed together with the variable capital gains totalling EUR 4,935.56.
However, no repayment was made for Stage 4 investors, as the property sale agreement was concluded before this phase's financing date.
The project – P53, Vilnius has been partially realised.
Investors have been repaid EUR 54,019.05 for all project stages.
The payments were distributed together with the variable capital gains totalling EUR 5,563.35.
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).