The borrower: SIA Jomas 19, a developer with long-term experience in real estate, has executed several residential projects in different cities in Latvia, including Jurmala, in the past.
The development: 18 new-build apartments located in the heart of Jurmala, 150 m from the most famous pedestrian street, Jomas, and 650 m from the sea.
Continue reading “Borrower Case Study: Financing the Jomas & Beach Residence in 8 stages”The latest in our monthly loan portfolio updates shows how EstateGuru performed in a time of crisis, and we are glad to report that the news is good.
In April of 2020, our investors financed €4,1M worth of loans.
Our borrowers showed resistance to economic conditions and paid back €3,1M worth of loan principals (please see the graph below). The return rate of repaid loans (fully repaid) in April of 2020 was 10,8%. EstateGuru investors have earned a total amount of €15,0M since 2014.
Continue reading “Loan portfolio overview -April 2020”EstateGuru’s equity fundraising campaign on Seedrs has been open to all investors since 4 May, and the results have been beyond our wildest expectations.
We set ourselves a minimum funding target of €350 000 before the campaign started, and this target was reached even before the campaign officially opened and while only our existing investors were invited to purchase shares.
Continue reading “Our Seedrs funding round – an update”The borrower: SIA ZenInvest, which previously has taken loans to renovate single apartments but now wanted to take the company to the next level by renovating an entire building.
The development: renovation of 12 apartments and two commercial premises, with a total net development area of 847m2.
Continue reading “Borrower case study: Renovation of an apartment building in Riga city centre”A good number of people miss out on the wealth-building benefits of investing because of the associated risks. To them, investing is like staking their hard-earned money in a game of blackjack.
The current economic downturn only seems to prove them right. Equity markets around the world are nosediving, leaving investors scrambling for fast liquidity and safe-havens for their hard-earned cash.
Continue reading “Investing in a time of crisis: 8 steps to build a diversified portfolio”
