Development - Michle - LOT 1

Operating serviced apartments in Prague

14 % p.a.
Min. investment
Investment goal 250 000 EUR
Invested 144 658 EUR
58% Filled 105 342 EUR left
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Development - Michle - LOT 1 Development - Michle - LOT 1

Investment information

  • Term 18 months
  • Collateral value 8,000,000 EUR
  • LTV 82%
  • Location Michle , Prague 4
  • Developer Vihorev Group
  • Interest payout Bullet
  • Loan purpose Construction, Equite refinance, Fit-Out
  • Securing Corporate guarantee
  • Project phase In construction

Project capital structure

Own equity 1 200 000 EUR
Fintown loan 1 800 000 EUR


Executive summary

  • Introducing the new project by Vihorev Group, Honest Michle.

  • The project will be launched under the Development product.

  • A loan will be granted for construction, fit-out, and equity refinancing.

  • Currently, the project is in the construction phase, which is planned to be completed in late 2025; the fit-out and equipment installation will be completed in early 2026.

  • The project will operate as serviced apartments under the management of Vihorev Group, with a planned opening date in early 2026.

Early Bird

Investors participating in the Development of Michle - LOT 1 will receive an additional 1% annual interest for future investments in Rental Honest Michle.

Project summary

  • Investment Opportunity in Property Development with an Expected Return of 14.00% Per Annum.

  • Honest Michle, located in Michle, a well-connected district in Prague that combines historic charm with modern amenities, offers an attractive rental market due to its proximity to business centers, quality facilities, and strong demand from a diverse resident base.

  • Upon completion, the property will provide rental opportunities for short, mid, and long-term rentals.

Product Development

Introducing Development, our product that secures and increases your income on invested funds.

You are investing in a property that possesses all necessary permits and comes from a developer with a proven track record of successfully completed properties in Prague.
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.

Project description

Introducing Honest Michle by Vihorev Group, a rental apartment complex located in the Michle district of Prague.

Michle, a district in the vibrant city of Prague, offers an appealing opportunity for investors interested in the rental property market. Known for its blend of historic charm and modern conveniences, Michle provides a unique residential experience that attracts a diverse group of tenants, including young professionals, families, and expatriates.

The district boasts excellent transportation links, with efficient tram and bus services and proximity to major highways, making it easily accessible from various parts of the city. Additionally, Michle is home to several business parks and offices, which adds to its allure for working professionals seeking commuting convenience.

Amenities in Michle are plentiful and varied, including shopping centers, boutiques, parks, and recreational facilities, catering to the lifestyle needs of its residents. The area also features reputable schools and healthcare facilities, further enhancing its desirability for families.

Honest Michle is a brand-new property that will consist of 32 apartments featuring modern designs and equipment, ensuring tenants enjoy comfort during their stay.

Investment product description



Loan purpose

Equity refinance, Construction and Fit Out

Location of the funded project

Praha 4 Michle


Vihorev Investments SE

Collateral Value


Senior loan


Fintown loan


Borrower equity


Start of interest accrual

From the investment date

Minimum investment


Interest payout

After minimal term

Project term

18 months

Project information

  • The Honest Michle project is a residential rental opportunity currently under construction in Michle, Prague 4.

  • This 7-story apartment building will feature designed and furnished apartments.

  • As of now, the project is in the initial stage of development.

Project basic information

Total number of apartments


Total amount of leased area, m2


Average area of a leased unit, m2


Overview of Commercial Prospects

The rentals for Honest Michle will be managed by Vihorev Management Company s.r.o.

The launch of the apartment rentals is slated for early 2026, with availability being broadcast across various platforms, including, Airbnb, Expedia, and Flatio.

Thanks to its great location in a healthy environment and well-developed district, the property plans to achieve an 85% occupancy rate.

Interest and costs for Fintown investors

Commission-free for the use of the Fintown platform.

No hidden fees for exiting at any time after min. term. during the project.

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