Peer2Peer Finance News
The UK's first peer-to-peer finance magazine for investors and the industry
  • Home
  • News
    • Personal Finance News
    • Industry News
    • SME News
    • Global News
  • Property
  • IFISA
    • IFISA Guide
  • Video
  • Open Banking
  • Cryptocurrency
  • Features
    • Joint Ventures and Promoted Content
  • Comment & Analysis
  • What is P2P?
  • Partners
  • Events
    • Past Events
  • P2P Power 50
    • Power 50 2020
    • Power 50 2019
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Jobs
  • My Account
    • Manage Account
    • Change Password
    • Log In
    • Log Out
shutterstock_1081260188
May 2 2018

EstateGuru secures institutional credit line for Baltic loans

Tim Evershed Property EstateGuru, Marek Partel, MarketInvoice, Varengold Bank

CROSS-BORDER European property lender EstateGuru has secured its first ever institutional credit line to support its lending in the Baltic states.

The firm has established an agreement with Germany’s Varengold Bank, which recently agreed a fresh funding deal with UK business finance provider MarketInvoice.

EstateGuru said on Wednesday that the deal shows that a mutually beneficial cooperation model between a traditional financial institution and a fintech company is possible.

“This is a clear sign that building a diversified portfolio of property backed loans is a very appealing instrument for institutional investors,” said EstateGuru chief executive and co-founder Marek Pärtel.

Read more: EstateGuru funds its biggest ever P2P loan as it enters Finnish market

“Our Pan-European retail investor base is still the main source of capital.

“However, establishing a cooperation with Varengold Bank and other institutional investors enables EstateGuru to grow faster by offering a wider variety of property backed loans to our entire investor base and raise the flexibility of loan terms to our borrowers.”

Read more: EstateGuru hits €30m lending milestone after record month

EstateGuru has more than 11,000 investors from 45 countries and has funded over €50m (£44m) of secured property loans in Estonia, Latvia, Lithuania, Finland and Spain.

Pärtel said EstateGuru plans to expand into more European markets.

“Without a doubt it is an important milestone for EstateGuru in moving closer to our goal of becoming the leading provider of flexible property-backed finance solutions in Europe,” said Pärtel.

“We still see many small- and medium-sized enterprises and property developers who are struggling to get property backed finance from traditional financial institutions due to highly regulated and lengthy processes.

“EstateGuru has a clear vision and roadmap to bridge the gaps left open in the property finance industry.”

RateSetter overhauls Rolling Market product Landbay: Average rents in England dragged down by declines across London

Related Posts

Europe map with waiting trucks - Brexit / border control/ customs check / 3d-illustration

Industry News, News, Property, Top 3

EstateGuru sees UK investors double despite Brexit

Lee Birkett

Industry News, News, Property, Top 3

eMoneyHub expects to have reached profitability

Deal. business man shaking hands with effect global network link connection and graph chart of stock market graphic diagram, digital technology, internet communication, teamwork, partnership concept

Industry News, News, Property, Top 3

Blend Network expects more partnerships

Back To Top
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2020
• Additional design by