EstateGuru is a specialist real estate P2P lender that has been growing rapidly
Estateguru has been growing rapidly over the last 18 months and is starting to come to the attention of European P2P investors. It has now completed €25 million of loans. Interest rates are typically 10-12% and are secured on real estate in Latvia, Lithuania and Estonia. We think this is an attractive return profile and is the reason why over 7,000 investors have already joined the platform.
We have been particularly impressed by the quality of the information provided about each loan. There is a comprehensive file for each loan that includes detailed valuation and real estate reports, and information about each borrower. The quality of the analysis and information provided is amongst the best we have seen on any platform so far, regardless of size. You can read our full review of EstateGuru here.
Special offer for new investors into EstateGuru
Estateguru are currently running a special offer for new investors. Investors receive a bonus of 0.5% extra on all funds invested within 3 months of joining the platform. To take advantage of this offer, simply visit Estateguru via this link and you will automatically qualify.
Interview with Kaspar Kaljuvee, CRO of EstateGuru
Thanks Kaspar for doing the interview with us. For people who may not have heard of EstateGuru before, can you please describe the types of loans that you offer to investors on your site.
You are a relatively new platform. Tell us a bit more about the stage of development you are at and how you see the platform growing in the next couple of years.
The interest rates seem pretty attractive – around 10 to 12% typically. Why are they so high, is that the normal level in the countries you operate or are there other factors at play?
Do you have a forecast expected default rate for your loans and if so what is it?
Please tell us a little more about your credit underwriting team, their background and experience – have they come from banks or do they have a real estate background? What’s your default experience been so far?