Estateguru has shared its latest Loan Portfolio Overview for the month of February 2024.
Estateguru says that they “saw €7.8M in loan repayments in February, with an additional €0.1M from recovered loans.”
Estateguru further noted that they “saw €7.8M in loan repayments in February, with an additional €0.1M from recovered loans. Total returns amounted to €1.2M euros, with an average return rate of 9.4%.”
They claim to have “originated €6.5M worth of loans, €1.6M more than in January (up 27% from €5.9M).”
As for platform repayments and recoveries, Estateguru is reporting
the largest repayment amounts “in February came from Latvia (€2.5M) and Estonia (€2.4M).”
As for the other platform stats, Estateguru says that the loan origination figures increased in the month of February.
Estateguru says that it had “originated €6.5M worth of loans, mostly in Estonia and Latvia.”
According to the firm, 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.” Estateguru explains that the difference between the invested and funded amounts is “due to the nature of the loans, such as in the case of refinancing, and the time required to process them.”
Eventually, Estateguru noted that “all invested loans will be converted into funded loans.”
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.”