Saturday, June 15, 2024

EstateGuru hits €500 million lending milestone ahead of 2022 UK launch

EstateGuru, the pan-European property investing and financing platform, announced that as of today, it has funded €500M in loans to property and development projects across Europe.

The company, founded in Tallinn, Estonia in 2013, officially funded its very first loan in January 2014, hitting the €100M mark after five years, in March 2019. This exponential growth was sustained when, during 2021, EstateGuru financed loans in the amount of €200M. As of January 2022, the company has hit the half a billion mark in cumulative loans funded to developers for over 3,000 projects. By the end of 2021, EstateGuru operated across eight regions in Europe, with active development projects across Spain, Portugal, Estonia, Finland, Latvia, Lithuania, Germany and Sweden. This expansion continues immediately in 2022, with the platform launching to the UK market with the FCA’s approval in the coming months. This year will also see the launch of EstateGuru in further European countries.

Marek Pärtel, CEO and co-founder of EstateGuru, commented:

“The success of our business model and strategy in the last seven years inspires and motivates us to consistently pursue our vision to make real estate financing and investing accessible to everyone. Reaching this significant milestone is the perfect start to 2022 and sets the tone for the year ahead.

“We will continue our ambitious growth path and aim to become the biggest real estate financing and investment platform in Europe by 2025. The timing couldn’t be better. We see the demand for financing grow throughout Europe and especially SME companies are looking for professional, reliable financing partners with expertise in the sector.

“Not only are our loan volumes increasing at an incredible pace, but many talented people have joined our team in the last year. While there were 50 people working in eight different countries in January 2021, at the moment it’s 110 talents from 17 different nationalities.”

EstateGuru financed loans in the amount of €203M in 2021 which was a 69% increase when compared to 2020 (€120M). Current assets under management (AUM) amount to €220,3M as of the end of 2021.

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