The InRento team presents a new investment opportunity – San Berillo, Catania project, located in the historic Catania city centre.
The project is within a UNESCO World Heritage Site and is within easy reach of Mount Etna. The city is served by Catania-Fontanarossa International Airport, Sicily's busiest airport with extensive European connectivity, making the property easily accessible to international visitors.
The goal of the project is to convert the existing residential buildings into a 30-room hospitality complex arranged over four floors and a rooftop terrace. The layout comprises guest accommodation, common areas, a kitchen, a bar, a library and an internal courtyard. Construction is currently underway and progressing rapidly, with completion planned for 30th March, 2027.
As additional collateral, the borrower provides Mennuli & Alivi – a 7.1 hectare organic olive and almond farm estate near Noto in south-eastern Sicily, currently comprising four buildings and a swimming pool, with an appraised value of EUR 1,200,000, as well as an apartment at Kęstučio St. 40-3, Kaunas, with an appraised value of EUR 205,000.
Catania is Sicily's second-largest city and the main urban and economic centre of the island's eastern coast, with a population of almost 300,000.
The city attracts both domestic and international visitors throughout the year, while tourism across Sicily continues to grow. Tourist arrivals in Sicily increased by 2.8% in 2025 compared with 2024.
Catania also benefits from relatively low seasonality compared with other parts of Sicily, as it functions as a year-round city rather than a summer beach destination, keeping visitor activity steady outside the peak summer months.
This combination of a sizeable local population, growing visitor numbers and more balanced year-round demand supports the accommodation market, particularly for well-located hospitality properties.
Project owner – Lunvio IT S.R.L., an Italian company represented by experienced real estate professionals Lina Baronaitė and Gediminas Kvedaris. Together, they bring more than a decade of expertise in international real estate development and hospitality management.
Their proven track record includes successful short-term rental development projects across Lithuania's largest cities – Vilnius, Kaunas, and Klaipėda – as well as internationally in Italy and Finland.
Lina and Gediminas also manage projects already financed through the InRento platform, including P10, Riga, Villas Lapland, Finland, Noa Villas, Finland, Hotel Catania, Italy, KB21, Riga, V50, Vilnius, Old Town Stay, Vilnius. The project owners also successfully realised projects financed on the InRento platform – P6, Kaunas.
The project is secured by a first-rank mortgage on the project assets and two additional collaterals, and surety, with a conservative loan-to-value (LTV) ratio of 35% (max. 70%). The project offers investors a fixed monthly interest rate of 9.25 – 10.5% p.a., along with fixed capital gains of 1.5% p.a., paid at maturity. This results in a total gross profitability ranging from 10.75% to 12% p.a.
The maximum duration of the project 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.
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.