Investors invested 18.9 million euros in new crowdfunding projects on Estateguru in July and August. In the same period, investors’ accounts received 30.4 million euros in repayments from previously issued loans, including 3 million in earned income.
“We saw some investors becoming more cautious in the fall and winter, but now they are back and actively investing money in new projects. The increase in their lending activity has largely been in the same rhythm as the increase in activity in the real estate sector,” commented Estateguru CEO, Mihkel Stamm, on the results of the last two months.
According to Stamm, Estateguru, which raised more than 10 million euros in August, has taken several steps to build confidence among investors. “The selection of projects has become even stricter, we have increased the LTV requirements for guarantees, and since July, the projects we offer have a rating based on Moody’s assessment,” said Stamm, detailing the innovations that have recently bolstered the platform. He emphasised again that Estateguru only offers real estate loans that are secured by a first-rank mortgage. In July and August, users of the crowdfunding platform financed a total of 200 different new projects.
In terms of loan repayments, August was a record month for Estateguru, with 16.6 million euros reaching investors’ accounts, with 3 million euros of that total being earnings. In the last two months, the volume of problematic loans has also decreased by more than 5 million euros.
During the current year, the investment volume of the Estateguru crowdfunding platform totaled 66 million euros, and investors received 85 million euros in repayments. Today, the Estateguru platform has 160,000 users worldwide, with 7,000 of them joining in 2023.
Estateguru is the leading Pan-European marketplace facilitating property-backed loans for SMEs and carefully selected investment opportunities for our global investor base. By connecting different service providers, SMEs and investors into one single marketplace, we can offer something unique that other financial institutions cannot – a seamless, cross-border and digital service for borrowers and investors. The team consists of over 78 professionals from 12 different nationalities based in Helsinki, London, Tallinn (HQ), Riga, Vilnius and Berlin.