V23, Birštonas V
Reasons to invest in the project V23, Birštonas V:
- Attractive Returns: 7.7 – 8.14% p.a., paid monthly;
- Fixed Capital Gains: 2.5% p.a., paid at maturity;
- Accumulated Capital Gains: 5%;
- Loan-to-Value (LTV) Ratio: up to 80%, with a collateral value of EUR 776,000;
- Timeshare: Investments of EUR 5,000 or more provide free accommodation in this hotel;
- Indexation: Fixed interest rate linked (indexed) to inflation;
- Investment Security: first-rank mortgage on project assets.
Introducing the Grand Sale investment opportunity. Investors have the opportunity to invest in an already financed project – V23, Birštonas V and to acquire claim rights to the accumulated capital gains of 5%.
The interest of this project is distributed to investors on the 15th of each month. Investors will receive their first interest payment in August.
The investment offer consists of a boutique hotel in the Lithuanian resort town of Birštonas, located at Vytauto str. 23.
The property has an area of 431.45 sq. m. and consists of eight separate apartments, five studio apartments, one two-room apartment, one three-room apartment with a terrace, and a three-room apartment with a swimming pool and sauna.
The project owner has completely refurbished the third floor of the hotel, which will be available for rent from the second half of July. The remaining two floors are undergoing further refurbishment, which will include interior works to make the property suitable for short-term rentals. The project owner is currently successfully managing a hotel in Biržai and Vievis.
According to the reports of an independent appraiser, the value of the property has increased from EUR 404,000 to EUR 776,000 in 18 months.
The project also has a Timeshare, those investing from EUR 5,000 and up will have the opportunity to book a night's accommodation and stay for free. More information below.
The project is secured by a first-rank mortgage on the project assets, with a loan-to-value (LTV) ratio up to 80%. The project offers investors a fixed monthly interest rate of 7.7 – 8.14% p.a., along with fixed capital gains of 2.5% p.a., paid at maturity. This results in a total gross profitability ranging from 10.2% to 10.64% p.a.
The maximum loan duration for this project – 25 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 2.5% shall be applied to the Instalment.
Example calculation: If the Loan is repaid after one year, a fixed return of 2.5% applies. If the Loan is repaid after 24 months, a fixed return of 5% applies. If the Loan is repaid after 36 months, a fixed return of 7.5% applies. If the Loan is repaid after 48 months, a fixed return of 10% applies. The profit margin is payable whether or not the Loan is repaid on the sale of the property.
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.
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