P10, Riga II
Reasons to invest in the project P10, Riga II:
- Attractive Returns: 7.75 – 9% p.a., paid monthly;
- Fixed Capital Gains: 1.5% p.a., paid at maturity;
- Loan-to-Value (LTV) Ratio: 60% (max. 70%), with a collateral value of EUR 1,043,200;
- Growing Demand: Central Riga location with an increasing need for budget accommodation;
- Planned Conversion: 26 hotel rooms.
The InRento team presents second financing stage of a buy-to-let project – P10, Riga II. The project consists of two administrative buildings in the Old Town of Riga, Latvia’s Capital. The property on Peitavas St. 10 will be converted into a 26 room boutique type hotel, meeting the growing demand for centrally located stays in Riga’s Old Town. The neighbouring building at Peitavas St. 12 is mortgaged as an additional asset for the investors. Once the hotel becomes fully operational, the project owner expects to generate around EUR 160,000 in annual profit.
Riga – the capital of Latvia and one of the largest cities in the Baltics – is home to over 840,000 residents and stands as one of the region’s main centres for business, tourism, and culture. Its developing economy, strong visitor flow, and modernised infrastructure continue to fuel high demand for quality short-term accommodation. Riga’s Old Town, a UNESCO World Heritage site, combines historic charm with dynamic urban life.
Since the first financing stage, preparatory and structural works have been completed across all three floors, including the demolition of unnecessary partitions, flooring installation on the ground floor, full internal apartments partition formation, electrical works throughout, and preparation of ground floor for painting.
The project is managed by two experienced real estate professionals – Lina Baronaitė and Gediminas Kvedaris – each with more than ten years of experience in real estate development. They have successfully implemented several short-term rental projects in Lithuania’s largest cities – Vilnius, Kaunas, and Klaipėda – and internationally in Lapland, Finland and Sicily, Italy.
Lina and Gediminas also manage projects already financed through the InRento platform, including Noa Villas, Finland, Hotel Catania, Italy, KB21, Riga, V50, Vilnius and Old Town Stay, Vilnius. Project owners also successfuly realised project financed on InRento platform – P6, Kaunas.
Their proven track record and strategic approach have enabled them to build a solid portfolio: the team currently manages 130 apartments and rooms for short-term rental, with an additional 98 units under active development.
The project is secured by a first-rank mortgage on the project’s assets and a surety agreement, with a loan-to-value (LTV) ratio of 60% (max. 70%). It offers investors a fixed monthly interest of 7.75 – 9% p.a., along with fixed capital gains of 1.5% p.a., paid at maturity, resulting in a total gross profitability ranging from 9.25% to 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.
The profit margin is payable whether or not the Loan is repaid on the sale of the property.
Read full information on pricing on this link.
2025-12-29
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).
2025-11-21
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.
Project payments table will be generated after the first payment by project owner is paid.
Enabled Projects
Riga Latvia