Operating apartments
The investment is structured as a mezzanine loan provided to refinance part of the Borrower’s equity invested in Honest Karlín.
The Fintown loan is subordinated to the existing senior bank loan.
Honest Karlín is a completed and operating property, generating rental income since April 2024.
The property comprises 31 fully equipped apartments in Prague’s Karlín district.
Investors receive an expected return of 8.00% per annum, with a minimum investment term of 6 months.
The maximum product term is 60 months.
The developer has the right to buy back the investment after the initial 6-month minimum term.
Interest is paid monthly and is supported by the net cash flow generated by the rental operations.
The loan is provided to Vihorev Investments SE, with Vihorev Management Company s.r.o. responsible for the operation and management of the property.
Honest Karlín is a fully renovated and operational apartment building located in Karlín, Prague 8, one of Prague’s established residential and business districts.
The property has been operating since April 2024 and consists of 31 fully equipped apartments offered primarily for short- and mid-term stays.
Honest Karlín is an income-generating operating asset. Rental revenues are generated through established booking channels and the existing customer base of Honest Apartments.
8.00% expected annual return
6-month minimum investment term
60-month maximum product term
Monthly interest payouts
Interest starts accruing from the date of investment
The first interest payment is made on the 1st day of the following month
After the minimum 6-month term, investors may request the withdrawal of their principal or keep the funds invested and continue earning interest
After the initial 6-month minimum term, the developer has the right to buy back the investment
Honest Karlín is a completed residential property at Prvního pluku 211/5, Prague 8 – Karlín.
The building underwent a comprehensive renovation by Vihorev Group, with the project completed and rental operations launched in April 2024. Today, the property comprises 31 modern, fully equipped apartments designed for short- and mid-term accommodation.
The property is operated by Vihorev Management Company s.r.o., which manages the apartments, bookings and day-to-day rental operations.
Through Fintown, investors participate in a mezzanine loan provided to Vihorev Investments SE. The financing is used to refinance part of the Borrower’s equity already invested in the completed property.
Product | Rental |
Expected return | 8.00% p.a. |
Minimum term | 6 months |
Maximum term | 60 months |
Loan purpose | Equity refinance |
Location | Prvního pluku 211/5, Prague 8 – Karlín |
Borrower | Vihorev Investments SE |
Collateral Value | €6,830,000 |
Senior Loan | €2,850,000 |
Fintown Loan | €2,000,000 |
Own Equity | €1,980,000 |
Interest payout | Monthly |
Interest accrual | From the investment date |
Developer buyback right | After the initial 6-month minimum term |
Honest Karlín combines an established Prague location with an already operating rental business.
Karlín is one of Prague’s prominent residential and business districts, with convenient access to the city centre and demand from both visitors and professionals.
The property consists of 31 renovated and fully equipped apartments and has been generating rental income since April 2024.
The building forms part of the Honest Apartments portfolio and is professionally operated by Vihorev Management Company s.r.o.
For Fintown investors, this provides exposure to an existing income-producing property rather than a property under construction, with monthly interest payments supported by the cash flow generated by its rental operations.
Honest Karlín generates revenue primarily through short- and mid-term apartment rentals.
The apartments are distributed through major international booking platforms, including Booking.com, Airbnb, Expedia and Flatio, as well as through the existing customer base and direct channels of Honest Apartments.
Since becoming operational in April 2024, the property has achieved an average occupancy rate of approximately 81%, with occupancy reaching up to 91% during peak periods.
Honest Karlín currently holds a Booking.com rating of 8.7, based on approximately 1,900 guest reviews, providing an established track record of guest experience and operating performance.
The combination of an existing rental history, strong occupancy and a substantial volume of independent guest reviews provides investors with visibility into the property's actual operating performance rather than relying solely on projected post-development figures.
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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