Fintown launches new development product
Fintown has introduced a new product aimed at providing secure and profitable investment in the development finance space.
Called ‘Development’, the product has been designed to safeguard and enhance investor’s income from invested funds.
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Fintown said that the product will give investor the “opportunity to invest in promising and high-demand properties of the future, all without worrying about commissions or hidden fees.”
The company offers fixed payment terms for a specific period, which it claims will eliminate the risk of incomplete construction projects.
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With a focus on projects in the development phase, the inaugural project under Development is Honest Karlin – a set of 31 fully-equipped apartments in Prague’s Old Town, scheduled for completion in early 2024.
Honest Karlin will be listed as a rental project on Fintown.
“Our vision for Honest Karlin is to provide affordable housing while nurturing a vibrant community spirit” said Fintown, in a note to investors.
“To foster connections, residents will have access to a community garden, inviting them to interact and engage.”
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