Fintown Review – A Personal Experience
Founded in January 2023, Fintown is a relatively new real estate crowdlending platform. Investments are made in operational properties, generating monthly interest through rental income.
Additionally, you can invest in the construction of apartments, and after about a year, you are offered rental income with a bonus interest (early bird).
Since I began investing in March 2023, everything has worked smoothly.
Languages in the website: English, Deutsch, Francais, Italiano, Espanol, Nederlands, Polski, Cesky, Latviesu.
Table of contents
Security
- License: No
- Founded: January 2023
- Trustpilot: 4.6 (August 2024)
- Buyback guarantie: No. Secured by either:1st rank mortgage (you are first in line to get paid, if the project fails)
- Mezzanine loans (you are first in line to get paid, if the project fails)
- Corporate guarentee (rental loans}: if the single property fails, fintown will pay you. If the company behind fintown goes bankrupt, you will be last in line to get your investment back.
- Diversity: Few loans – all in the Czech Republic
- Late loans: I haven’t experienced any
- Defaulted loans: I haven’t experienced any
- Withdrawal: Fast
- Deposit: Fast
Loans
- Interest: 8% – 14%
- Loan types: Real estate and rental income
- Loan term: 1 – 36 month
- Available loans: Few
- Minimum invest: 1-50€
- Secondary market: No. But an early exit is available:
- Rental investments: exit within one month without a fee (I received the fonds in just a couple of days)
- Real estate investments: Possible to exit via e-mail
- Autoinvest: No
- Currency: EUR
Tax
- Home country: the Czech Republic
- Tax will not be deducted; it’s your own responsibility to declare your earnings to your home country’s tax authority
My advise
I really like the concept of receiving monthly rental payments and the possibility of withdrawing your investment within a month. I recommend initially investing in a few rental loans and in a few “Early Bird of future Rental” constructions. After 1 or 2 years, you should evaluate and decide whether you want to invest more.
Verdict
Pros
- Rental income with possible exit within a month
- High interest
- Userfriendly website
Cons
- No license
- A new platform with a short history
- Secured by mezzanine loans, which are less safe than mortgage
Bonus offered by Fintown
- We both get 1% of your investments during the first 90 days
- Get your bonus here
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