Estonia based EstateGuru has announced having surpassed €10 million in peer to peer lending for over 60 real estate projects. EstateGuru has been in operation for two years.
Headquartered in Tallinn, Estonia – a country that has a vibrant startup scene, founders Marek Pärtel, Marko Arro and Kaspar Kaljuvee set out to create a debt based platform where smaller investors could finance loans secured against real property.
EstateGuru’s mission is to become the leading cross border property secured debt funding platform. Today the platform claims over 4300 investors from 27 different countries. The historical average return, as of today, stands at 11.77%. Average loan to value is pegged at 58.69%. The minimum investment is just €50 with the average investment standing at €1000. Average loan sizes through the platform are €162,227. To date €3.1 million from the loans provided has already been repaid and investors have received a total of €376,383 in interest. None of the loans have defaulted and all repayments are on schedule.
EstateGuru has a statistics page where you can view all of the data here.
Earlier this year, EstateGuru was recognized by FinanceEstonia and Deloitte for incorporating best practices in their operations.