Sea Apartments 13, Palanga IV

Reasons to invest in the project Sea Apartments 13, Palanga IV:

• Attractive Returns: 10.25 – 11.5% annual interest paid monthly;
• Capital Gains: up to 30% of the project’s generated profit distributed to investors;
• Loan-to-value ratio (LTV): 58% (max. 70%);
• Growing Demand: Palanga is one of the most visited Baltic resorts with a strong rental market;
• Collateral Value: EUR 1,727,000 (independent appraisal report).

The InRento team presents the fourth stage of buy-to-let project – Sea Apartments 13, Palanga IV. The investment offer consists of a residential property in Lithuania 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.

Since the first stage of financing all preparation works have been completed, new apartments partitions built, the second floor redesigned, stairs poured, ceilings constructed. Since the last financing stage plumbing and electrical works in each apartment were finished.

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 20 months.