Loan portfolio overview (November 2021)

In November, our investors financed €22,2M worth of loans, which is a new record on EstateGuru’s platform. Read the rest of our Loan Portfolio Overview for November here.

During 2021, we have focused on developing our loan origination technology and recruiting new loan managers and credit analysts. This has helped us to support the high volume of loan projects while maintaining an excellent risk-return ratio in service of our steadily growing investor base.

Germany, which is our biggest market, contributed €8,9M of funded loans, followed by Estonia (€4,2M) and Finland (€3,5M). The repayment amount in November was €10,2M (total of 86 loans with average return of 9,3%). Our investors’ outstanding loan portfolio has reached a new height of €209M.

We are waiting to receive repayments/partial repayments of three defaulted projects in Estonia (total of €0,5M) where auctions/sales have been successfully concluded. In Latvia, we will register a partial repayment (€0,1M) of one loan project over the coming days. In Finland, Sweden and Spain we are conducting negotiations with potential investors who are interested in buying the claims of our defaulted loans. The default rate has decreased to 7,7%. 

We will keep you informed about the credit portfolio quality on a monthly basis.