In the years since the beginning of EstateGuru, we have faciliated loans in 5 different countries, with Finland and Spain recently added. In that time, over 200 borrowers have seeked financing from us and we have funded more than 300 loans with the help of our investors. One might ask, what makes the borrower prefer EstateGuru over other financing options? To find the answer to this question, we asked Alo Arumäe, the developer of the Jõe 2b (3 stages, €321 000, project repaid) and Pärna 33a projects (5 stages, €900 000), what made him choose EstateGuru and how have his projects gone so far. See more below.
At EstateGuru, we always keep in mind the user experience of our website and try to improve it in all ways possible. In 2018, we have plans to make a complete overhaul for our website and the visual side of things. The end goal is to make EstateGuru’s system the most modern and user-friendly of all the P2P platforms out there. We are going to make improvements to the Auto Invest feature, portfolio overview, integration with other services, statistics, referral program, website loading speed and so on. There are already a number of new updates made to our system that we would like to introduce to our users in this blog post. You can read further about the latest EstateGuru platform developments below.
As of now, EstateGuru’s investors have the opportunity to diversify their investments between three countries the firm operates in – Estonia, Latvia and Lithuania with the following destinations already under preparation. In order to raise our investors’ awareness of our operating markets and the respective real estate market, EstateGuru is hereby providing you with an overview of the latest addition to our operating countries – Lithuania!
Similar to last year, EstateGuru made a charitable project at Christmas to help the least privileged families. The Nida bridge loan helped fund buying Christmas gifts for children that are raised as orphans by their grandparents.
On the current real estate market, it is quite hard to achieve a situation where it is possible to use the funds gained from the sale of a property immediately with the goal of financing the purchase of new real estate. It is common that the dates just don’t match and the sale of the old property takes more time than predicted. An even more difficult situation occurs when a person wishes to buy a new property before the sale of the old property is completed. In this situation, it is wise to use a bridge loan to cover the gap between the two dates and find a solution. This article will give further details about the uses of a bridge loan. Continue reading “When to use a bridge loan?”