J&T Banka, EstateGuru to Fund Real Estate Projects in the Baltics

Estateguru, the Pan-European property investment platform, and the Czech investment bank J&T Banka have made an agreement “to fund real estate-backed loans in the Baltics.”

J&T Banka initially “invested €2.5M in Finnish and German loans as part of its continued commitment to funding Estateguru loan origination, which started in September, 2022.”

Now it’s creating additional capacity “in its current fund to support Estateguru’s business plan for 2023, by funding the company’s Baltic loans.”

According to a J&T Banka board member Tomáš Klimíček:

“J&T Banka has identified the Baltic countries as a potentially attractive investment opportunity given the solid historical performance of the Baltic countries’ portfolios and the experience and expertise of the platform in this region.”

Judith Tan, Head of Capital Markets at Estateguru, noted that the platform “has earned the commitment and loyalty of over 155,000 retail investors, while also attracting institutional players who recognize the attractiveness of the company’s business model.”

“With a proven track record of success in the Baltics, we have already issued €500M in loans, €344M of which has been successfully repaid at an average historical interest rate of 10.98%. This level of performance has made our platform an attractive option.” 

Tan also pointed out that Estateguru “has multiple institutional partners, with Varengold Bank being a collaborator since 2018.”

The bank has “demonstrated its confidence in the platform’s stability and growth potential.”

Even in the face of economic turbulence and the Covid pandemic, Varengold Bank “has remained committed to investing in Estateguru’s loans.”

As covered, Estateguru management recently decided “to increase the capital reserves of the company at the start 2023, and raised additional capital from its founders, existing shareholders and investors.”

Estateguru says it decided to boost the capital reserves of the firm at the start of this year, and reportedly “raised additional capital from its founders, existing shareholders and investors.”

The company is now “finalizing the latest round in March, as it prepares for additional institutional investment in the form of credit lines that will require corporate capital, an increased runway and reserves.”

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