Estateguru is sharing its loan portfolio for the month of January 2024.
Estateguru says that it saw €6.1M in loan repayments in January, “with an additional €0.5M from recovered loans.”
Estateguru says it also saw total returns amounting to €1.2M euros, with “an average return rate of 8.6%. We originated €7.4M worth of loans.”
Estateguru reports that this is “slightly lower volume compared to the previous month, reflecting a typical seasonal trend.”
In January of this year, Estateguru platform investors have “received €1.2M in returns from repaid and recovered loans (including interest, bonuses, penalties and indemnities).”
These repayments came “mostly from loans in Estonia and Lithuania.”
Loan origination numbers “remain stable,” the Estateguru team noted.
In January, Estateguru originated €7.4 million worth of loans, “mostly in Estonia and Lithuania.”
The new loans all meet the criteria outlined in their enhanced credit policy, and they “have all received a grade of B or higher according to Moody’s Analytical Assessment.”
As covered, Estateguru started around 2013 when a group of real estate and fintech experts based in Tallinn, Estonia, had an innovative idea.
They wondered whether it would be worth it 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 claim to “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 realize 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.”