A structured real estate investment with a senior secured position, 10% annual return, and a 12-month horizon. Honest Michle Stage 2 allows investors to step into the seniors' role with priority repayment and reduced risk through low LTV and advanced construction progress.
Introduction
We are pleased to introduce Honest Michle Stage 2, a new investment opportunity by Vihorev Group, now available on the Fintown platform.
This offering is built around a senior refinancing structure, allowing investors to step into a senior secured position in the project’s capital stack — a setup that significantly enhances security while maintaining an attractive return profile.
With a target return of 10% per annum and a short investment horizon of up to 12 months, this opportunity is designed for investors seeking a structured, risk-aware entry into real estate development financing.
Investment Overview
Key terms of the investment:
Project: Honest Michle Stage 2
Developer: Vihorev Group
Investment term: Up to 12 months
Interest rate: 10% per annum
Loan-to-Value (LTV): 20%
Interest payment: At maturity
Early repayment: Possible in case of apartment sales
This structure combines a relatively short duration with a conservative leverage level, supporting both capital protection and predictable returns.
Investment Structure
The core of this opportunity lies in its refinancing mechanism.
Vihorev Group is raising capital to repay an existing senior loan, which results in a key shift:
Fintown investors effectively replace the senior loan in the capital structure.
What this means for investors:
Senior position in the capital stack
First priority in repayment of both principal and interest
Improved security profile compared to typical development investments
This is one of the strongest structural advantages of the deal, aligning investor protection with the project’s financing logic.
Construction Progress
The project is already in an advanced stage of development, which reduces typical early-stage risks.
Current status:
Structural works are nearly completed
Roof construction is beginning
The project is transitioning into the next development phases
Entering at this stage allows investors to participate in a project that has already passed key construction milestones.
Why This Opportunity Stands Out
Several factors make Honest Michle Stage 2 particularly compelling:
1. Senior Secured Position
2. Low LTV (20%)
A conservative leverage level provides a strong buffer against market fluctuations.
3. Short-Term Horizon
A 12-month structure allows for faster capital rotation.
4. Advanced Construction Phase
Reduced development risk compared to early-stage projects.
5. Proven Developer
Vihorev Group has an established track record in residential development and rental operations.
6. Clear Exit Strategy
The investment is backed by:
refinancing structure, and/or
potential apartment sales upon project completion
Who This Investment Is For
This opportunity is particularly suited for investors who:
Prefer structured, secured investments
Are looking for short-term opportunities
Value priority in capital repayment
Want exposure to real estate with controlled risk parameters
Conclusion
Honest Michle Stage 2 represents a well-balanced investment opportunity, combining:
strong structural protection,
a defined short-term horizon, and
a competitive return profile.
In the current market environment, opportunities where investors step into a senior secured position with low LTV and active construction progress remain relatively limited.
For those seeking a disciplined approach to real estate investing, this offering stands out as one of the more structured options currently available on the platform.