Early Rental - Ricany - LOT 2

Operating serviced apartments in Prague

10 % p.a.
Min. investment
Investment goal 200 000 EUR
Invested 134 670 EUR
67% Filled 65 330 EUR left
Early Rental - Ricany - LOT 2 Early Rental - Ricany - LOT 2

Investment information

  • Min term. 24 months
  • Max term. 60 months
  • Collateral value 28,000,000 EUR
  • LTV 86%
  • Developer Vihorev Group
  • Interest payout Bullet / Rental
  • Loan purpose Equity refinance loan
  • Securing Corporate guarantee
  • Project phase In construction
  • Visual materials Overview

Project capital structure

Own equity 5 600 000 EUR
Fintown loan 5 000 000 EUR

Honest Karlin

Executive summary

  • Early Rental - Opportunity to Participate in Upcoming Rental Project Under Honest Ricany Brand.

  • This project will transition from Development to Rental 3 months after the investment.

  • Project minimum term is 24 months.

Introducing the flagman project by Vihorev Group, Honest Ricany.

  • A loan will be granted for Equity Refinance.

  • Currently, the project is in the final stages of construction and will soon move on to interior finishing.

  • The project will operate as service apartments under the management of Vihore Group. The planned opening date is mid-2024.

How it works

  • For the initial 3 months, the investment operates similarly to a standard Development (Bullet) investment, where interest accrues and is paid at the end of the period along with the principal. However, a distinctive feature of this investment is the guaranteed placement in future rental opportunities.

    The investment process is as follows:

  • Investors allocate funds to the Early Rental phase.

  • Once you invest, interest begins to accrue.

  • After 3 months, investors receive their accumulated interest, as in the standard Development (Bullet) investment.

  • The principal amount is then reinvested into a new Rental project. This project has a minimum term of 24 months, offers an annual interest rate of 12%, and a maximum term of 60 months.

  • For subsequent rentals, interest payments will be distributed on a monthly basis.

Project summary

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 12.00% 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 24 months, comprising a combination of 3 months (current project) plus 21 months (future Rental).

The property, named Honest Ricany, is situated in Ricany city, a suburb of Prague, connected by a direct highway to the city. The project involves a complete revitalization and expansion of the building in Ricany city.
Upon completion, the building will embody a combined work and living concept, offering modern serviced apartment housing and coworking spaces.

Project fundraising deadline is 15.05.2024

Product Early Rental

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 3 months, we've decided to offer this early investment option. By investing now, you will receive your interest for the first 3 months in a single payment after this period and will continue to earn interest through the Honest Ricany Rental project.


  • Development with Auto-Invest in Rental

  • First Interest Payment in 3 Months, Followed by Monthly Payments

  • No Minimum Goal

  • Accruals start from the investment date

Project description

Introducing "Honest Ricany" by Vihorev Group, a pioneering Live & Work concept that aligns with the global trends of the "subscription economy" and "hustle-free" lifestyle. Situated in the serene suburbs of Prague, this 14-story edifice offers both convenience and modernity.
Residents of Honest Ricany will find themselves in a prime location, ensuring effortless commutes to Prague's city center, whether by public transport or car. The building is divided into two core components: residential apartments and a state-of-the-art coworking center, seamlessly integrating the live-and-work paradigm.

Apartments: Spanning from the 2nd to the 14th floors, Honest Ricany boasts 140 serviced apartments, including types 1KK, 2KK, and exclusive penthouse suites. Most of these apartments offer expansive views of the picturesque countryside starting from the 2nd floor. Designed for utmost comfort, each apartment comes furnished with essential household appliances. Residents will benefit from a 24-hour concierge service, dedicated parking for both vehicles and bicycles, complimentary internet access, and a user-friendly mobile app for real-time updates and service requests.

Workspace: The workspace space, spread across three floors, is a versatile hub tailored for today's professionals. It encompasses hot desks, private offices, meeting rooms, and expansive conference areas for larger gatherings. Furnished with cutting-edge technology and amenities for both work and leisure, it promises an optimal working environment.

Sustainability is at the heart of Honest Ricany. Constructed with the latest energy-saving technologies and environmentally-friendly materials, the complex also features green roofs, underscoring our commitment to ecological responsibility.

For more details, visit our official website: honestricany.cz. Join us in experiencing a modern, sustainable, and integrated lifestyle at Honest Ricany.

Investment product description


Early Rental

Loan purpose

Loan for equity refinancing

Location of the funded project



Vihorev Investments SE

Collateral Value

28.000.000 EUR

Senior loan

13.600.000 EUR

Fintown loan

5,000,000 EUR

Borrower equity

5,600,000 EUR

Interest payout

Monthly payout from 3rd month

Start of interest accrual

From the investment date

Max. term of the project

60 months

Project information

  • The Honest Ricany project is a residential rental opportunity currently under construction, located in Ricany, a suburb of Prague.

  • The 14-story apartment building has undergone comprehensive renovation and expansion.

  • As of now, the project is in its final 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 Ricany will be managed by the operating company, Vihorev Management Company s.r.o.

  • The launch of the apartment rentals is slated for mid-2024, and availability will be broadcast across various platforms, including Booking.com, Airbnb, Expedia, and Flatio.

  • Given its convenient location and superior living conditions, combined with the work & live concept, the property is anticipated to maintain an occupancy rate of over 90%.

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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