In January, EstateGuru funded its first loan in Helsinki and thereby opened the firm’s fourth operating market. Lirokuja bridge loan in the amount of €1.65 million is the platform’s biggest funded loan. Read the press release on the market’s opening below.
The leading Nordic peer-to-peer lending platform for property loans is ready for the Finnish market! CEO and co-founder Marek Pärtel comments: “Our vision is to become Europe’s leading cross-border platform for short-term property loans and Finland is the logical next step for the firm! EstateGuru has a significant community of Finnish investors and we are glad to be able to facilitate even more diversified investment opportunities, both in terms of projects and geographic area!”
The first loan was a €1.65 million bridge loan which is the largest asset-backed P2P loan in the Baltics! Pärtel adds “Finland has a strong potential for the growth of bridge lending market and that EstateGuru has a large community of investors who are interested in Finnish investment opportunities. We have recently established partnerships with several capital providers and are eager to expand our geographical focus!”
Since 2014, EstateGuru’s more than 10 thousand investors from 45 countries have earned an average interest of 12.5% and nearly €45 million worth of loans has been funded. Largest investment portfolios on the platform exceed €1,000,000 and investors have not lost a single euro on the EstateGuru platform throughout its entire history. The firm’s plans for 2018 include the United Kingdom, Ireland and Spanish markets!