In November 2023, the Estateguru platform continued to perform well.
Estateguru reports that it “achieved a loan volume of €7.4M, with a total of €10.6M in repaid principal and €1.2M in repaid interest.”
During the first 9 months of 2023, Estateguru’s investors have received “a total of €107.5 million in payments, with €13.5 million of that amount being profits.”
Looking at the third quarter alone, Estateguru sees that investors have “received €46.6 million in principal repayments and income, which is an increase of over 80% compared to the €25.6 million they received in the second quarter of the year.”
Investor earnings “totaled €4.5 million in Q3, with the average interest rate remaining stable at around 9%. Investors in Q3 financed 150 new real estate projects, with a total value of €26.8 million, which was an increase of 42% compared to Q2 (€18.8 million).”
Mihkel Stamm, CEO of Estateguru, said:
“We clearly see that our investors have significant funds ready for deployment, and are actively seeking new investment opportunities.”
He added that from the start of 2023 investors have funded new projects worth over €80 million.
Stamm also mentioned:
“We anticipate that the positive momentum will continue into Q4. This is bolstered by our expectation of comparable, if not greater, repayments from ongoing projects and a strong pipeline of new ventures on our platform. Overall we see that our business model remains strong during this year.”
Estateguru began life in 2013 when a group of real estate and fintech professionals based in Tallinn, Estonia had a “bright” idea. They wondered what would happen if they could break down the barriers which ensured that investing in secured property loans was a luxury only available to the wealthy and well-connected.
And what if they could help entrepreneurs and visionaries in the property development business who “struggle with the ‘one-size-fits all’ solutions offered by banks and major financial institutions at the same time.”
Thus Estateguru was born.
Today, more than half a decade later, they have “facilitated more than 3100 loans worth in excess of €500 million.”
Over 100 000 investors, “from all walks of life and hailing from 109 countries, have earned average returns of 11.24% by backing property loans in Estonia, Latvia, Lithuania, Spain, Germany, Sweden and Finland with more markets to follow soon.”
Due to the large and diversified investor base, with millions of EUR available to lend, their borrowers can “get the money they need to realise their plans quickly, on their own terms, and investors can access pre-vetted and diversified, cross-border investment opportunities with a low barrier to entry and total transparency.”