Estateguru has shared their latest loan portfolio overview for the month of September 2024.
Estateguru are pleased to share the key highlights from the past month, which has been a solid period for the investment platform.
Estateguru reports that they saw fairly steady / consistent loan repayments and strong loan origination, while investor interest remained “high.”
Estateguru also mentioned that they have received one of the largest monthly investment amounts of the year, and their European investment platform attracted over 950 new investors.
In September 2024, Estateguru pointed out that loan origination reached the highest level of the year, reflecting the “growing confidence” of Estateguru investors, who have “collectively invested €60.1 million” during this year.
This strong performance was further supported by a “record number” of repayments, which contributed to the “positive momentum” in investments.
In September, Estateguru saw a solid €14.4 million in repayments, the highest amount in 2024.
In addition to this, €1 million was “successfully recovered.”
Estateguru further noted that investors also earned approximately €1 million in interest during the month.
In 2023, they claim to have implemented “significant changes” to their credit policies, and the positive impact is evident.
Estateguru also mentioned that by the end of Q3 this year, “out of a total portfolio of €99.4 million originated in 2023, €62.2 million has already been successfully repaid.”
Additionally, Estateguru revealed that €27.7 million remains as “performing loans,” while €4.9 million is “categorized as late,” and €4.6 million is currently in default.
During the last 12 months, a total of €86.14 million in loans was reported originated. And of this amount, €24.38 million has already been repaid to investors, while €61.51 million remains on schedule.
Notably, Estateguru pointed out the amount repaid has increased when compared to previous portfolio updates.
As covered previously, European investment platform Estagteguru has shared their latest loan portfolio overview for the month of August 2024.
In August of this year, Estateguru revealed in a blog post that they have reportedly witnessed “continued growth” as well as more overall stability in their loan origination and “repayment activities.”
In August of 2024, Estateguru says that they experienced continuous growth and positive momentum in terms of platform issued loans and repayments.
