Estateguru announced the financing of loans worth 100 million euros in Lithuania

Estateguru announced the financing of loans worth 100 million euros in Lithuania

By Joy Dumasia

Today

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real estate guruleading real estate financing and investment platform in Europe, financed loans of up to €100 million in Lithuania and €580 million across the group.

Lithuania followed Estonia and Latvia as the third market, where Estateguru successfully started operating in 2017. Two years later, Estateguru was officially listed as a crowdfunding operator in Lithuania by the Bank of Lithuania. In the five years following the launch of its operations in the country, Estateguru has financed 298 projects for an amount of 100 million euros. Estateguru has 7125 investors with an average historical invested amount of €15276 in Lithuania.

Arturas Konusevicius, Country Manager of Estateguru for Lithuania, commented: “Although we started out as a very focused local player, we see that the business ambitions of our local entrepreneurs have become more international over time, and we see that our business model can really favor their businesses. Estateguru will be happy to guide you and help you find both suitable partners and financing. I am proud of our accomplishments here and of the highly professional team we have built. We have witnessed very high engagement and confidence from our investors, according to the results of our investor survey conducted in May this year. »

Marek Pärtel, co-founder and president by Estateguru, said, “Lithuania is one of Estateguru Group’s most successful countries of operation, delivering consistent double-digit returns to our investors since our launch in 2017. Lithuania is a booming FinTech hub with a enormous growth potential. Institutions would benefit from exposure to this jurisdiction by joining our Senior Secured Credit Fund, of which the European Investment Fund (EIF) is a key investor. Our strong first quarter results and the record level of assets under management demonstrate that, even in a difficult environment, the demand for alternative financing remains unchanged. Now more than ever, SMEs across Europe are looking for flexible financing options and reliable partners who understand the specifics of the real estate industry.

Recently, IBS Intelligence reported that Estateguru, a real estate finance and investment platform in Europe, announced a funding round on Seedrs up to a maximum value of 3 million euros to support growth and development plans. intensive expansion.

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