After the economic crisis, several media outlets reported on the increasing number of new financial instruments offering alternative services to traditional banking solutions. Real estate developers are one segment who require these services, however, are they keeping pace with the latest news and alternatives or are they using existing financial models for their new projects?
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In nowadays lending world, crowdfunding offers an alternative to traditional bank funding or hard-money lending. Typically, crowdfunding is faster than traditional methods of funding and offers more room for flexibility. These are the main benefits that also apply to EstateGuru business loans. However, there are a number of features that distinguish EstateGuru from other lending options. Find out more below.
Since the beginning of EstateGuru, already 367 projects with a total sum of €60 094 383 have been funded on the platform. All these projects have been done in 5 countries: Estonia, Latvia, Lithuania, Finland and Spain. In the following blog article, we give an overview of the EstateGuru loan portfolio in a short and informative analysis.
EstateGuru has integrated a new tool for making the KYC (know-your-customer) process more effective. Veriff is an Estonian company, whcih utilizes advanced facial recognition software, video analysis and biometric data to verify user’s ID online. For the customer, this means a more simple identity verification process. Read further below.
In March 2018, EstateGuru signed the firm’s first institutional credit line with Germany based Varengold Bank AG.