The Instant Exit Program will purchase full claims at a 35% discount to cover admin costs and replenish the program.
It works on a first-come-first-served basis and the program will be replenished regularly as we recover capital from defaulted loans through the sale of collateral assets.
When money is available in the program, we will instantly buy any claim that meets the criteria stipulated in the terms and conditions of the fund from your portfolio at a 35% discount. You simply have to select the Instant Exit option where it is available, confirm the sale, and the money will be in your account immediately.
Selling through the Instant Exit Program is automatic and instant. It serves as a backup option to the Secondary Market for those who need a faster solution to exit their investments.
Note regarding defaulted loans: With a low default rate in our loan book and an efficient recovery process for defaulted loans, we always advise investors to be patient and wait for the process to run its course or sell their claims on the Secondary Market.
The amount the Instant Exit Program can still use
The average price of the claims bought by Instant Exit Program
Loan claims sold
The number of claims that Instant Exit Program has purchased so far
The amount used by Instant Exit Program to purchase the claims
The amount of loans constantly changes so if you’re interested – keep your eyes on changes.
The Instant Exit Program is a special feature created by Estateguru to purchase claims from investors who wish to sell with immediate effect and are happy to do so at a 35% discount against their outstanding principal investment. The program is not intended to be a profit-generating instrument for Estateguru but is offered as a service and safety net to investors. It offers the advantage of immediacy over the Secondary Market, but your returns will be lower.
The Secondary Market allows investors to sell their existing claims to other investors before they reach full maturity. A 2% fee is charged to the seller, who can choose to sell their claims at full price or offer up to 20% discount. Any claim can be sold on the Secondary Market regardless of its status and all returns are divided between the seller and the buyer based on their actual investment duration. The Secondary Market will net sellers a better return than the Instant Exit but the sale may take longer.
The Instant Exit program is a voluntary feature that can be used for immediate liquidity through selling the claims in an investor’s portfolio. When using the Instant Exit feature a fixed 35% discount on the outstanding principal amount is automatically applied. The Instant Exit feature is only available once there are sufficient funds in the Instant Exit pool and when the pool has not reached the pre-set exposure limits. Please be aware that the current feature has limited availability as the product is in beta-testing mode.
As of today, the Instant Exit pool is limited and as a result certain limitations apply to ensure the needed diversity for the period of beta-testing the product. Limitations on the total pool of claims sold via the Instant Exit feature are as follows:
Maximum exposure into one loan in the total pool of funds - 10%
Maximum exposure into one borrowing company’s and/or representative’s loans - 25%
Maximum exposure into loans funded against one collateral property - 25%