Operating serviced apartments in Prague
Early Rental - Opportunity to Participate in Upcoming Rental Project Under Honest Karlin Brand.
This project will transform from Development in Rental on the 4th month after investment.
Honest Karlin will begin its operating activities in March 2024. By investing in this project, you will receive your first interest payout after 4 months, and your principal will be automatically reinvested in the Honest Karlin Rental with the same interest rate and term starting from 5th month and you will continue to receive monthly interest payments up to 60 months.
Investors who previously participated in the Early Bird for Honest Karlin will receive an additional 1% on top of the initial interest rate.
This investment opportunity represents an opportunity to participate in a property capable of generating short, medium and long term rental income, offering an expected return of 10.00% per annum. This is in addition to an existing bank loan for the purpose of refinancing the borrower's own funds.
The overall minimum term of the project is 12 months, comprising a combination of 4 months (current project) plus 8 months (future Rental).
The property, Honest Karlin, is situated in one of the most frequented areas of Prague, the Karlin District. By March 2024, this four-story apartment building is anticipated to be fully renovated and expanded. Honest Karlin has already seen significant interest, with almost all apartments pre-booked, primarily through the personal database of Honest Apartments, a brand of the Vihorev Group.
We are introducing this opportunity in response to the high demand for rental projects among our investors. With the Vihorev Group planning to launch this project in four months, we've decided to offer this early investment option. By investing now, you will receive your interest for the first four months in a single payment after this period and will continue to earn interest through the Honest Karlin Rental project.
Development with Auto-Invest in Rental
First Interest Payment in 4 Months, Followed by Monthly Payments
No Minimum Goal
Accrials start from the fundraising completion or end date
We are excited to present a unique real estate investment opportunity in the form of a mezzanine loan participation, catering to both short and long-term rentals.
In this venture, Fintown s.r.o. serves as the lender, providing a loan to Vihorev.Investments SE, which is a subsidiary of the well-established VIHOREV GROUP.
The focal point of this project is Honest Karlin, a comprehensive building renovation initiative spearheaded by the Vihorev Group, led by its founder, Maxim Vihorev. Initiated in 2021 and set for completion in March 2024, the project encompasses 31 units. The rental operations will be managed by the SPV Vihorev Management Company s.r.o. With a rich background in real estate, Mr. Vihorev brings to the table his extensive experience as a developer and investor, boasting a portfolio that includes five successfully completed projects covering 7,096 square meters and three ongoing projects spanning 9,225 square meters.
The primary objective of the loan is to partially refinance the equity involved in the project. A key aspect of this project is the investment opportunity in each of the 31 apartments within Honest Karlin. Each apartment is a separate object that provides its own profitability to adequately cover all operating costs and expenses incurred in servicing interest on the loan.
Loan for equity refinancing
Location of the funded project
Prague 8, Karlin
Vihorev Investments SE
Monthly payout from 5th month
Start of interest accrual
From the fundraising completion or end date
Max. term of the project
The Honest Karlin project presents a residential rental opportunity currently under construction in the Karlin neighborhood of Prague 8.
This four-story apartment building is undergoing a comprehensive renovation and expansion, elevating it to modern living standards.
As of now, the project is in its final stage of development, nearing completion and poised to offer a contemporary living experience in a sought-after area.
Project basic information
Total number of apartments
Total amount of leased area, m2
Average area of a leased unit, m2
The rental operations for Honest Karlin will be expertly managed by Vihorev Management Company s.r.o.
We are gearing up for the launch of the apartment rentals in March 2024. The availability of these apartments will be widely advertised on multiple prominent platforms, including Booking.com, Airbnb, Expedia, and Flatio, ensuring a broad reach to potential renters.
Considering its advantageous location and the exceptional living conditions it offers, we expect the property to achieve and sustain an occupancy rate exceeding 90%.
Estimated Occupancy 90%
ADR 100 EUR
RevPar 90 EUR
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 10.00% per annum.
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