Pylimo 49, Vilnius
Reasons to invest in the project Pylimo 49, Vilnius:
- Attractive Returns: 8.5 – 8.9% p.a., paid monthly;
- Fixed Capital Gains: 1.5% p.a., paid at maturity;
- Accumulated Capital Gains: 3.375%;
- Loan-to-Value (LTV) Ratio: up to 75%, with a collateral value of EUR 373,000;
- Timeshare: investments of EUR 5,000 or more provide free accommodation in this hotel;
- Investment Security: first-rank mortgage on the project assets.
Introducing the Grand Sale investment opportunity. Investors have the opportunity to invest in an already financed project – Pylimo 49, Vilnius and to acquire claim rights to the accumulated capital gains of 3.375%.
The interest of this project is distributed to investors on the 12th of each month. Investors will receive their first interest payment in August.
The investment offer consists of a well-furnished apartment located in the Old Town of Vilnius, Pylimo st. 49-2A.
The area of the financed property is 84.42 sq. m., consisting of four separate bedrooms and a common kitchen and living room area. The distinctive feature of this project is its location and the high quality and modern interior design solutions. The apartment even has three separate bathrooms, which is extremely rare for a property in the Old Town.
This project is oriented towards short-term rentals. The apartment is located just 550 meters from one of the city's main landmarks – Vilnius Town Hall.
This apartment has been successfully generating income since the middle of last year. In this context, the project owner expects to generate a rental income of EUR 49,000 over the coming years, with estimated rental service costs of EUR 7,100.
The project owner – Daumantas Mikučionis, manages and owns dozens of apartments in Vilnius Old Town under his own brand – Domillion. On the Airbnb platform, you can find thousands of reviews from travellers about his services. The project owner also successfully manages several similar buy-to-let projects on the InRento platform.
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 of up to 75%. The project offers investors a fixed monthly interest rate of 8.5 – 8.9% p.a., along with fixed capital gains of 1.5% p.a., paid at maturity. This results in a total gross profitability ranging from 10% to 10.4% p.a.
The maximum loan term for this project is 9 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. If the Loan is repaid after 36 months, a fixed return of 4.5% applies.
The capital gains are paid regardless of whether the Loan is repaid after the property is sold or not.
2024-05-02
We would like to inform you that the mortgage on the project’s – Pylimo 49, Vilnius asset, has been successfully placed (the document is attached in the documents section).
The interest payment for this project will be distributed next month.
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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