Operating serviced apartments in Prague
Introducing our new product Development!
Based on your feedback, we are pleased to announce a new product on our platform.
Development is a familiar and reliable offer with "bullet" interest payment
Honest Karlin, our serviced apartments, will be ready for tenants in early 2024 and will be published as a Rental project at Fintown.
For Honest Karlin Development, we initially aimed to raise €800,000. We raised LOT 1 in less than 14 days with the full 100% of €100,000.
Considering our progress, we have decided to release a LOT 2 with a goal of €200,000 and min. goal of €50,000.
We have two highlights of this project:
all investors that invest before the Min. Goal reached will enjoy interest accruals rapidly from the investment day,
participating investors will receive an additional 1% annual interest for future investments in Rental Honest Karlin.
Investment opportunity in developing property, with an expected return of 14.00% per annum.
Developer has listed an Early Bird opportunity to invest in future Rental property on the Fintown platform in order to secure a mezzanine loan, in addition to an existing bank loan, to refinance own funds.
The property, Honest Karlin, is located in the Prague Old Town. Project of total revitalization and extension of the building in Prvního pluku Street.
The building will serve as modern serviced apartment housing.
Introducing Development, our new product that secures and increases your income on invested funds.
You invest in the final development stage, with no risks that building won't be completed
After the completion of a construction project will generate revenue as a rental serviced apartments.
With Development, you can get an opportunity to invest in future profitable and demand properties without any commission or hidden fees.
We are pleased to offer a real estate investment opportunity in the form of a mezzanine loan participation for a development project.
Lender, Fintown s.r.o., is extending a loan to Vihorev. Investments SE, a subsidiary of the VIHOREV GROUP.
Honest Karlin represents a building renovation project led by Vihorev Group, a development firm established by Maxim Vihorev.
Currently, under construction, the project is on schedule to be finished by the fourth quarter of 2023. Upon completion, the building is set to function as high-end mid-term accommodation offering both short-term and mid-term rentals.
The project is located in Karlín, a unique area of Prague, making it an attractive addition to your investment collection. Also, because the project focuses on building apartments in the heart of the city, it promises to make the most money possible.
Upon completion, Honest Karlin will span 1050 square meters and house 31 apartments.
Product | Development |
Loan purpose | Loan for equity refinancing |
Location of the funded project | Prague 8, Karlin |
Borrower | Vihorev Investments SE |
Collateral Value | 6.250.000 EUR |
Senior loan | 2.540.000 EUR |
Fintown loan | 800,000 EUR |
Borrower equity | 2,910,000 EUR |
Minimum investment | 50 EUR |
Interest payout | After min. term |
Start of interest accrual | After fundraising deadline (not depending on completion) |
Max. term of the project | 9 months |
Honest Karlin project is a residential rental opportunity that is under construction now, located in Prague 8, Karlin neighborhood.
Four-story apartment building has undergone a comprehensive renovation and expansion.
To date, the project is in the final stage of development.
Project basic information
Total number of apartments | 31 |
Total amount of leased area, m2 | 1050 |
Average area of a leased unit, m2 | 33 |
The rentals for Honest Karlin will be managed by the operating company Vihorev Management Company s.r.o.
The launch of the apartment rentals is slated for Q4 2023 - Q1 2024, and the availability will be broadcasted across various platforms, such as Booking.com, Airbnb, Expedia, and Flatio.
Given its prime location and superior living conditions, the property is anticipated to maintain an occupancy rate of over 90%.
Commission-free for the use of the Fintown platform.
No hidden fees for exiting at any time after min. term. during the project.
Net income for Fintown investors is 14.0% per annum.
Please register or log in to see full details
Login / Register