Residential Units
Introducing Honest Michle, a residential project by Vihorev Group.
The project will be offered under the Development investment product.
Originally, the property was designed as a serviced apartment project intended for long-term rental operations under Vihorev Group management. However, due to the current favorable conditions in the Prague real estate market, the developer is also considering the sale of the completed property upon construction completion.
The project is currently in an advanced construction phase, with the structural works nearly completed and the roof construction scheduled to begin shortly. Based on the current progress, the project is expected to reach completion in approximately six-nine months.
The purpose of the Fintown loan is refinancing of the existing senior loan, which will reposition the Fintown investors into the first senior repayment position within the capital structure.
The investment term is 12 months.
Investment opportunity in a property development project with an expected return of 10.00% per annum.
Honest Michle is located in Prague 4 – Michle, a well-connected and growing district that combines historic character with modern urban infrastructure.
The area offers strong residential demand due to:
proximity to business centers
excellent public transport connections
developed infrastructure and amenities
a growing population of professionals and expatriates
The maximum project term is 12 months, however, the developer reserves the right to make early repayments to Fintown investors in the event of early apartment sales.
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.
With Development, you can get an opportunity to invest in future profitable and demand properties without any commission or hidden fees.
Introducing Honest Michle by Vihorev Group, a residential 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.
Product | Development |
Loan purpose | Senior Loan Refinance |
Location | Michle, Prague 4 |
Borrower | Vihorev Investments SE |
Project Value | 6,600,000 EUR |
Fintown loan | 1,300,000 EUR |
Own equity | 6,600,000 EUR |
Minimum investment | 100 EUR |
Interest & Principal payout | At the end of the term |
Start of interest accrual | From the investment date |
Project basic information
Total number of apartments | 32 |
Total amount of leased area, m2 | 1,473 |
Average area of a leased unit, m2 | 35 |
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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