KB21, Riga II
Reasons to invest in the project KB21, Riga II:
- Attractive Returns: 7.75 – 9% p.a., paid monthly;
- Fixed Capital Gains: 1.5% p.a., paid at maturity;
- Loan-to-Value Ratio (LTV) After This Stage: 63% (max. 70%);
- Growing Demand: Central Riga location with increasing need for budget accommodation;
- Planned Conversion 128 rooms and 40 capsules (pods) with shared facilities.
The InRento team is introducing the second financing stage of the buy-to-let project KB21, Riga. Riga – Latvia’s capital and the Baltics’ largest city with a metropolitan population of more than 840,000 residents. The city is a key economic, cultural, and transport hub in the region, driving strong demand for 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 63% 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 project offers investors fixed monthly interest of 7.75 – 9% p.a., along with fixed capital gains of 1.5% p.a., paid at maturity. Which raises gross profitability between 9.25% and 10.5% p.a.
The maximum duration of the loan is 24 months.
This project has a fixed annual return on capital gains
The capital gains are fixed and payable together with the repayment of the loan amount for the preceding instalment ("Instalment"), with the return for each successive Instalment being added to the calculation of the return. The Instalment shall be considered as per one calendar year. A fixed increment of 1.5% shall be applied to the Instalment.
Example calculation: if the Loan is repaid after one year, a fixed return of 1.5% applies. If the Loan is repaid after 24 months, a fixed return of 3% applies.
2025-10-23
The mortgage agreement with the project owner has been successfully concluded and registered over the project assets located in Latvia (the document can be found in the "Documents" section of the project description).
2025-09-12
The mortgage agreement with the project owner has been successfully concluded and registered over the project assets located in Lithuania (the document can be found in the "Documents" section of the project description).
The registration of the mortgage over the project assets located in Latvia is currently underway.
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 |
|---|---|---|---|
| 12 April 2026 | Interest payment | Paid on time Payment was received by the due date with no delay | € 651.38 |
| 14 March 2026 | Interest payment | Paid on time Payment was received by the due date with no delay | € 651.38 |
| 12 February 2026 | Interest payment | Paid on time Payment was received by the due date with no delay | € 651.38 |
| 12 January 2026 | Interest payment | Paid on time Payment was received by the due date with no delay | € 651.38 |
| 08 December 2025 | Interest payment | Paid on time Payment was received by the due date with no delay | € 385.3 |
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Riga Latvia