Fintown Review 2026: Prague Rental Property Loans, 8–15% Returns and a Liquidity Warning

⚠️ Update, October 2026: Fintown has reported delays in paying out principal withdrawals after construction delays of 5–12 months on some projects. The company says it's a temporary liquidity issue, not insolvency, and is selling two projects to pay investors. Until withdrawals are back to normal, we recommend not adding new money. Details below.

Fintown is a Czech crowdfunding platform that lets investors earn 8–15% a year by lending to short-term rental and development projects in and around Prague, run by the local developer Vihorev Group. It has paid monthly interest since 2023. In 2026, though, it also hit its first serious test.

Fintown at a glance

How Fintown works

Fintown offers three main types of investment:

• Rental loans: finance operating short-term rental apartments, run under the Honest Apartments brand, with monthly interest at around 8–12% a year.
• Development loans: finance construction of new projects, with interest and principal paid at maturity, at around 13–15% a year.
• FLEXI: a lower-yield option at about 7–8% a year, designed to allow exit after 30 days.

Some projects start as development loans and convert to "early rental" once the apartments begin operating.

Who's behind Fintown?

Fintown was founded by Maxim Vihorev, a Prague developer active in Czech real estate for many years, and Vladislav Siganevich, who has a background in consumer lending and P2P. The projects are developed and managed by Vihorev Group, which keeps at least 20% equity in each rental property.

Conflict of interest: the same person controls both the platform and the developer that borrows the money. That's common in developer-owned platforms, but it means you depend heavily on one group.

Security: what protects your money?

• Corporate guarantee: if a project fails, investors have a claim against Vihorev Group.
• Mezzanine position: rental loans rank behind the senior bank loan. In a default, the bank is repaid first from the property's sale.
• No mortgage for investors and no buyback guarantee.
• No regulation or compensation scheme: Fintown is not licensed under the EU crowdfunding regulation.

Returns so far

• Investors have received monthly interest without defaults since launch. Independent trackers reported a weighted average of about 11.8% in May 2026.
• New investors can get 2% cashback on their first investment, and larger investors receive a small VIP bonus.

The autumn 2026 liquidity problem

In September and October 2026, Fintown faced a wave of withdrawal requests:

• 455 withdrawal requests were made in September. Most were paid, but some larger requests linked to rental projects took much longer.
• Fintown said construction delays of 5–12 months on some projects created a liquidity gap.
• To raise cash, it is selling two projects, Strakonická (about €6 million) and Karlín (about €8 million), and expects some delayed projects to complete in the first half of 2027.
• Its latest published financial statements, for 2024, are unaudited and showed negative equity.

What this means for you: interest and principal are still expected to be paid, but timing is uncertain, and the platform's financial cushion is thin. That's exactly the kind of risk an unregulated, single-developer platform carries.

Early exit rules

There is no secondary market. You can ask for an early exit with conditions:

• No exit in the first 6 months
• Minimum payout of €100, one request every 90 days per project
• Processing takes up to 30 days, and fees can be significant depending on timing
• Accrued interest is deducted on exit

Pros and cons

Frequently asked questions

Is Fintown safe?

No P2P platform is risk-free, and Fintown is riskier than most: it's unregulated, depends on one developer, and had withdrawal delays in 2026. Only invest money you can leave untouched for years.

Can I get my money out early?

Only through the early-exit programme, after 6 months, with fees and up to 30 days' processing. Delays have been longer during the 2026 liquidity issue.

Should I invest in Fintown now?

We'd wait until withdrawals are being processed on time again and audited financial statements are published. If you already invest, avoid panic decisions and follow Fintown's updates closely.

What are the alternatives?

For secured, EU-licensed P2P lending, compare platforms like LANDE. And keep P2P loans a small part of a portfolio built mainly on diversified ETFs.

The final word

Fintown offers genuinely attractive yields and real, operating properties in Prague, and it paid investors reliably for over two years. But it's unregulated, concentrated in one developer, and currently working through a liquidity squeeze. For now, we're watching, not adding.

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