Estateguru Reports €15.0M Successfully Repaid by Borrowers, and €10M in Loans Funded Across All Markets

August was a benchmark month for Estateguru, with a “record-breaking” €15.0M successfully repaid by borrowers.

Estateguru also reports that it saw €10,0M in loans funded across all of their markets.

August was a key month for Estateguru, with substantial repayments by platform borrowers. In addition to this, Estateguru also saw considerable loans funded across all of their European markets.

The funded loan statistics for August:

Total Funded Loans (All Countries): €10.0M including:

  • Estonia: €6.3M
  • Latvia: €1.0M
  • Lithuania: €1.6M
  • Finland: €1.1M
  • Portugal: €0.1M

In August, a total of 148 loans, “amounting to a record-breaking €15,0M, were successfully repaid by borrowers.”

These loans generated “a return of 8,9%, marking a new high in 2023 and showcasing the resilience of our borrowers even during tightening macroeconomic conditions.”

As noted in a blog post, recovery efforts are “continuing at full pace.”

There have been “no substantial increases in defaults, indicating the stability of our loan portfolio.” Workouts for several larger cases, “each involving €3M, are in their final stages.”

In August, they successfully “recovered €1.1M in principal.”

Estateguru have increased recoveries “through the sale of claims, taking advantage of an active market for non-performing loans (NPLs) in all countries.”

In another update from Estateguru, it was noted that real estate development is a complex and multifaceted process, “involving land, construction, permits, infrastructure and numerous practical and financial considerations.”

In order to better understand the requirements, and how Estateguru evaluates development projects that are seeking funding through the platform, they’ll go over the different stages of the process.

To learn more about this, check here.

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