In line with its expansion strategy, EstateGuru is strengthening its Group Sales function by appointing current Country Head of Latvia, Dainis Rupainis, to the position of Business Development Manager and naming Aleksandrs Mežapuķe as the new Country Head of Latvia.
“We see the need for alternative financing globally and EstateGuru aims to play a key role in the development of this category by becoming the largest real estate financing platform in Europe by 2025. EstateGuru is on the verge of a substantial breakthrough in geographical expansion and capital markets development. At the same time we are also strengthening our position in the Baltics, which is where we started the company. We are witnessing several market changes and developments which support the progress of the alternative financing industry in the region. In order to gain the maximum out of this situation, we need talented and professional people to complement our team. I’m delighted to welcome Aleksandrs as the new Country Head of Latvia”, commented Mihkel Stamm, COO of EstateGuru.
Mr. Mežapuķe is an expert in real estate and banking. He gained over 7 years of experience at Rietumu Bank JSC in the Corporate Finance and Real Estate departments. For the last few years he was the CEO of R.Evolution City, which is one of the largest premium and luxury residential real estate developers in Latvia.
“I’m delighted to join the largest property marketplace in Continental Europe and represent one of the most respected and trustworthy platforms. The Latvian market has witnessed several scam-schemes in the industry this year, and I consider it my mission to educate the market about the opportunities provided by trustworthy alternative financing. Our business loans, development loans and stage loans will help scores of SMEs and young entrepreneurs to build their businesses while providing the opportunity to invest in loans which are backed by the 1st rank mortgages to investors everywhere,” added Aleksandrs Mežapuķe.
“We’ve financed loans to the amount of €37M in Latvia. The investor pool is the fourth largest after Germany, Estonia and Lithuania, with 2354 investors. Real estate is one of the most sought-after investment classes in the world and we believe that Latvians haven’t had enough and easy access to this investment class. We want to change that”, added Stamm.