Estateguru

Estateguru, founded in 2014 and based in Estonia, holds a license from Estonia’s Financial Supervision and Resolution Authority (Finantsinspektsioon), allowing it to operate across the EU. The platform connects investors with property-backed loans, facilitating financing for property developers in countries such as Estonia, Finland, Latvia, Lithuania, and Portugal. Estateguru previously offered loans in Germany, Spain, and Sweden, where it ceased operations. The platform provides three loan products: development loans, bridge loans, and business loans.

Companies and individuals are allowed to invest on the platform. Investors must have a bank account in any of the European Economic Area (EEA) member states or Switzerland.^[1] Since its launch, Estateguru has raised over €872 million, maintaining an average monthly volume of €6.71 million over the past twelve months.^[2] The platform has a community of 162,829 investors.^[3]

• Estateguru provides property-backed loans, categorized into three product types: development loans, bridge loans, and business loans.
• Investments start at a minimum of €50, with loan durations for current campaigns ranging from 12 to 18 months.
• Estateguru currently offers interest rates between 7% and 10% on bullet loans, with interest payment schedules ranging from monthly to semi-annual.
• Estateguru does not clearly disclose its default rate. Over 40.4% of its loans in Active Markets are delayed, with more than 38.6% in recovery.

Estateguru offers investment opportunities in property-backed business loans and European short-term property-backed loans. These loans are categorized into three types:

• Development loans: Totaling approximately €360.14 million, this category represents about 41% of Estateguru’s portfolio.
• Bridge loans: Amounting to around €357.34 million, bridge loans also make up about 41% of the platform’s portfolio.
• Business loans: Business loans account for approximately €155.27 million, representing about 18% of the platform’s offerings.

These debt instruments are secured by real estate collateral, with a mortgage established on the underlying property.^[4] The collateral typically includes real estate, with a loan-to-value (LTV) ratio of up to 75%.^[5] Current Estateguru investments range from €50,000 to €1.38 million. Residential properties make up the majority of collateral, valued at €490 million, or 56% of Estateguru’s total portfolio. Land and properties under construction account for 25%, valued at approximately €218 million, while commercial real estate represents 19%, with an estimated value of €163 million.^[6]

Lenders can invest a minimum of €50 per project. The loan durations for current campaigns range from 12 to 18 months. Among the 3 active campaigns, 2 have monthly repayment schedules, while 1 has a semi-annual payment schedule. All the debt instruments are structured as bullet loans, with interest and principal repaid at the end of the loan term. Estateguru does not withhold tax on interest returns. Income from loans is treated as investment income and subject to income tax. Investors are responsible for complying with their tax authority’s regulations.

The platform offers a secondary market where lenders can exit their investments early. It also provides an auto-invest feature to queue new investments.

Among the listed campaigns, Estateguru offers interest rates ranging from 7% to 10%. It is important to note that, since its inception, the platform has experienced a consistent decline in its interest rate offerings. Estateguru’s highest return on loans peaked at 13.91% in 2015 and has gradually decreased to an average of 9.32% in 2024.^[7]

Estateguru categorizes its statistics into “Active” and “Non-Active Markets.”

• Active Markets include Estonia, Finland, Latvia, Lithuania, and Portugal. Estateguru has not yet fully repaid any loans in these markets, but €6.76 million (4.71% of the loan portfolio) has been partially recovered. Currently, 40.4% of loans are considered delayed, with over 38.6% under recovery.
• Non-Active Markets include Germany, Spain, and Sweden, where Estateguru has ceased operations. In these markets, only 25.14% of the loan portfolio (€27.58 million) has been repaid. The remaining 74.86% (€77.38 million) is still outstanding, with 70.53% under recovery efforts. The platform has partially recovered €2.98 million (2.73% of the portfolio), while €1.40 million (1.28%) remains delayed.

To date, the platform has recovered approximately €56.24 million. The total outstanding loan portfolio includes €143.54 million in active markets and €82.13 million in Non-active markets. Estateguru does not explicitly disclose its default rate, but of the €872 million funded, €225.68 million remains unsettled, delayed or at risk of default.^[8]

Estateguru imposes various fees on investors, including a €1 service fee for each withdrawal. Additionally, an AUM fee of 0.05% is charged on Performing Outstanding Principal. Inactive accounts, that maintain a positive balance without engaging in new investments for over 12 months, are subject to a monthly fee. On the secondary market, the platform charges sellers a 3% fee for selling claims. On the fundraisers’ side, EstateGuru charges 3-4% for successful funding and 0-2% in annual admin fees. Delays in repayment incur borrower penalty fees.^[9] Primarily, Estateguru generates revenue via brokerage and commission fees from borrowers.

Marek Pärtel and Julian Kaljuvee co-founded Estateguru. Pärtel still serves as the company’s Chairman. In addition to his role at Estateguru, he is an angel investor and advisor at Swapin, Frictionless Markets, KanvasAI, and Consorto, specializing in fintech, art investment, and real estate. João Monteiro is Estateguru’s member of the Supervisory Board, bringing over a decade of experience in investing and supporting startups in FinTech, LogTech, Retail, and HealthTech. He is also the Founding Principal of Pinto Ventures AG. Mihkel Stamm is the CEO of Estateguru. Previously, he served as the Head of the Crowdfunding Area at FinanceEstonia, contributing to supporting the Estonian economy.

Estateguru Holding OÜ holds 100% control of Estateguru, with its largest shareholders being Meb Trust OÜ (16.44%), Euro Holding OÜ (16.11%), and Sparkle (10.37%). Meb Trust is wholly owned by Kristjan-Thor Vähi, Euro Holding by co-founder Marek Pärtel, and Sparkle by both Vähi and Pärtel at 37.48% and 62.52%, respectively.^[10]

Estateguru has raised a total of €12.7 million through 11 rounds of funding. Their latest undisclosed round concluded on March 22, 2023.^[11] Key investors include Matteo Gamba, Pario Ventures, J&T IB and Capital Markets, Verve Ventures, Constructive Venture Fund, TMT Investments, and Pinto Ventures, across Series A and Venture Rounds. The platform has launched several crowdfunding campaigns for the company itself and raised more than €3.5 million through the equity crowdfunding platform Republic Europe, formerly known as Seedrs, from nearly 2,500 investors.^[12]

Estateguru recently made progress in improving its finances. The debt-to-equity ratio improved from -89.49 in FY22 to -3.04 in FY23, showing better debt management. Current liabilities were significantly reduced, with the coverage ratio dropping to 0.36 in FY23, compared to 1.29 in FY22. The net profit margin also improved but remained negative at -0.28 in FY23, up from -0.74 in FY22. The company reported a net loss of €2.33 million in FY23, a notable improvement from the €5.88 million loss in the previous year.^[13]

In 2025, Estateguru focuses on effective loan recoveries to maintain its portfolio quality. The platform strengthens its core Baltic markets, particularly Latvia and Lithuania, and balances loan volumes across the region to support mid-term growth. It targets consistent month-on-month growth in issued loans, aiming for €10 million+ per month by the second half of 2025. Estateguru phases out portfolios in non-active regions to improve operational efficiency. Additionally, a mobile app is expected to be launched in Q1 to improve its user experience, while the platform works on maintaining institutional-grade standards with fewer defaults and timely project completions.^[14]

1. Estateguru: “Who can invest on Estateguru?”
2. P2PMarketdata: “Statistics”
3. Estateguru: “Investors”
4. Estateguru: “How is my investment secured?”
5. Estateguru: “Development loan conditions”
6. Estateguru: “Statistics - Collateral types”
7. Estateguru: “Latest Loans - Interest”
8. Estateguru: “Statistics - Loan Portfolio”
9. Estateguru: “Price list”
10. Estonia E-Business Register: “Estateguru Holding OU”
11. Crunchbase: “Estateguru - Financials”
12. Estateguru on Seedrs: “Estateguru on Republic Europe (Seedrs)”
13. stateguru: “Annual Report 2023”
14. Estateguru: “Company News - CEO’s letter: Reflecting on 2024, and sharing plans for 2025”

Estateguru, founded in 2014 and based in Estonia, holds a license from Estonia’s Financial Supervision and Resolution Authority (Finantsinspektsioon), allowing it to operate across the EU. The platform connects investors with property-backed loans, facilitating financing for property developers in countries such as Estonia, Finland, Latvia, Lithuania, and Portugal. Estateguru previously offered loans in Germany, Spain, and Sweden, where it ceased operations. The platform provides three loan products: development loans, bridge loans, and business loans.

Companies and individuals are allowed to invest on the platform. Investors must have a bank account in any of the European Economic Area (EEA) member states or Switzerland.^[1] Since its launch, Estateguru has raised over €872 million, maintaining an average monthly volume of €6.71 million over the past twelve months.^[2] The platform has a community of 162,829 investors.^[3]

• Estateguru provides property-backed loans, categorized into three product types: development loans, bridge loans, and business loans.
• Investments start at a minimum of €50, with loan durations for current campaigns ranging from 12 to 18 months.
• Estateguru currently offers interest rates between 7% and 10% on bullet loans, with interest payment schedules ranging from monthly to semi-annual.
• Estateguru does not clearly disclose its default rate. Over 40.4% of its loans in Active Markets are delayed, with more than 38.6% in recovery.

Estateguru offers investment opportunities in property-backed business loans and European short-term property-backed loans. These loans are categorized into three types:

• Development loans: Totaling approximately €360.14 million, this category represents about 41% of Estateguru’s portfolio.
• Bridge loans: Amounting to around €357.34 million, bridge loans also make up about 41% of the platform’s portfolio.
• Business loans: Business loans account for approximately €155.27 million, representing about 18% of the platform’s offerings.

These debt instruments are secured by real estate collateral, with a mortgage established on the underlying property.^[4] The collateral typically includes real estate, with a loan-to-value (LTV) ratio of up to 75%.^[5] Current Estateguru investments range from €50,000 to €1.38 million. Residential properties make up the majority of collateral, valued at €490 million, or 56% of Estateguru’s total portfolio. Land and properties under construction account for 25%, valued at approximately €218 million, while commercial real estate represents 19%, with an estimated value of €163 million.^[6]

Lenders can invest a minimum of €50 per project. The loan durations for current campaigns range from 12 to 18 months. Among the 3 active campaigns, 2 have monthly repayment schedules, while 1 has a semi-annual payment schedule. All the debt instruments are structured as bullet loans, with interest and principal repaid at the end of the loan term. Estateguru does not withhold tax on interest returns. Income from loans is treated as investment income and subject to income tax. Investors are responsible for complying with their tax authority’s regulations.

The platform offers a secondary market where lenders can exit their investments early. It also provides an auto-invest feature to queue new investments.

Among the listed campaigns, Estateguru offers interest rates ranging from 7% to 10%. It is important to note that, since its inception, the platform has experienced a consistent decline in its interest rate offerings. Estateguru’s highest return on loans peaked at 13.91% in 2015 and has gradually decreased to an average of 9.32% in 2024.^[7]

Estateguru categorizes its statistics into “Active” and “Non-Active Markets.”

• Active Markets include Estonia, Finland, Latvia, Lithuania, and Portugal. Estateguru has not yet fully repaid any loans in these markets, but €6.76 million (4.71% of the loan portfolio) has been partially recovered. Currently, 40.4% of loans are considered delayed, with over 38.6% under recovery.
• Non-Active Markets include Germany, Spain, and Sweden, where Estateguru has ceased operations. In these markets, only 25.14% of the loan portfolio (€27.58 million) has been repaid. The remaining 74.86% (€77.38 million) is still outstanding, with 70.53% under recovery efforts. The platform has partially recovered €2.98 million (2.73% of the portfolio), while €1.40 million (1.28%) remains delayed.

To date, the platform has recovered approximately €56.24 million. The total outstanding loan portfolio includes €143.54 million in active markets and €82.13 million in Non-active markets. Estateguru does not explicitly disclose its default rate, but of the €872 million funded, €225.68 million remains unsettled, delayed or at risk of default.^[8]

Estateguru imposes various fees on investors, including a €1 service fee for each withdrawal. Additionally, an AUM fee of 0.05% is charged on Performing Outstanding Principal. Inactive accounts, that maintain a positive balance without engaging in new investments for over 12 months, are subject to a monthly fee. On the secondary market, the platform charges sellers a 3% fee for selling claims. On the fundraisers’ side, EstateGuru charges 3-4% for successful funding and 0-2% in annual admin fees. Delays in repayment incur borrower penalty fees.^[9] Primarily, Estateguru generates revenue via brokerage and commission fees from borrowers.

Marek Pärtel and Julian Kaljuvee co-founded Estateguru. Pärtel still serves as the company’s Chairman. In addition to his role at Estateguru, he is an angel investor and advisor at Swapin, Frictionless Markets, KanvasAI, and Consorto, specializing in fintech, art investment, and real estate. João Monteiro is Estateguru’s member of the Supervisory Board, bringing over a decade of experience in investing and supporting startups in FinTech, LogTech, Retail, and HealthTech. He is also the Founding Principal of Pinto Ventures AG. Mihkel Stamm is the CEO of Estateguru. Previously, he served as the Head of the Crowdfunding Area at FinanceEstonia, contributing to supporting the Estonian economy.

Estateguru Holding OÜ holds 100% control of Estateguru, with its largest shareholders being Meb Trust OÜ (16.44%), Euro Holding OÜ (16.11%), and Sparkle (10.37%). Meb Trust is wholly owned by Kristjan-Thor Vähi, Euro Holding by co-founder Marek Pärtel, and Sparkle by both Vähi and Pärtel at 37.48% and 62.52%, respectively.^[10]

Estateguru has raised a total of €12.7 million through 11 rounds of funding. Their latest undisclosed round concluded on March 22, 2023.^[11] Key investors include Matteo Gamba, Pario Ventures, J&T IB and Capital Markets, Verve Ventures, Constructive Venture Fund, TMT Investments, and Pinto Ventures, across Series A and Venture Rounds. The platform has launched several crowdfunding campaigns for the company itself and raised more than €3.5 million through the equity crowdfunding platform Republic Europe, formerly known as Seedrs, from nearly 2,500 investors.^[12]

Estateguru recently made progress in improving its finances. The debt-to-equity ratio improved from -89.49 in FY22 to -3.04 in FY23, showing better debt management. Current liabilities were significantly reduced, with the coverage ratio dropping to 0.36 in FY23, compared to 1.29 in FY22. The net profit margin also improved but remained negative at -0.28 in FY23, up from -0.74 in FY22. The company reported a net loss of €2.33 million in FY23, a notable improvement from the €5.88 million loss in the previous year.^[13]

In 2025, Estateguru focuses on effective loan recoveries to maintain its portfolio quality. The platform strengthens its core Baltic markets, particularly Latvia and Lithuania, and balances loan volumes across the region to support mid-term growth. It targets consistent month-on-month growth in issued loans, aiming for €10 million+ per month by the second half of 2025. Estateguru phases out portfolios in non-active regions to improve operational efficiency. Additionally, a mobile app is expected to be launched in Q1 to improve its user experience, while the platform works on maintaining institutional-grade standards with fewer defaults and timely project completions.^[14]

1. Estateguru: “Who can invest on Estateguru?”
2. P2PMarketdata: “Statistics”
3. Estateguru: “Investors”
4. Estateguru: “How is my investment secured?”
5. Estateguru: “Development loan conditions”
6. Estateguru: “Statistics - Collateral types”
7. Estateguru: “Latest Loans - Interest”
8. Estateguru: “Statistics - Loan Portfolio”
9. Estateguru: “Price list”
10. Estonia E-Business Register: “Estateguru Holding OU”
11. Crunchbase: “Estateguru - Financials”
12. Estateguru on Seedrs: “Estateguru on Republic Europe (Seedrs)”
13. stateguru: “Annual Report 2023”
14. Estateguru: “Company News - CEO’s letter: Reflecting on 2024, and sharing plans for 2025”

Estateguru, founded in 2014 and based in Estonia, holds a license from Estonia’s Financial Supervision and Resolution Authority (Finantsinspektsioon), allowing it to operate across the EU. The platform connects investors with property-backed loans, facilitating financing for property developers in countries such as Estonia, Finland, Latvia, Lithuania, and Portugal. Estateguru previously offered loans in Germany, Spain, and Sweden, where it ceased operations. The platform provides three loan products: development loans, bridge loans, and business loans.

Companies and individuals are allowed to invest on the platform. Investors must have a bank account in any of the European Economic Area (EEA) member states or Switzerland.^[1] Since its launch, Estateguru has raised over €872 million, maintaining an average monthly volume of €6.71 million over the past twelve months.^[2] The platform has a community of 162,829 investors.^[3]

• Estateguru provides property-backed loans, categorized into three product types: development loans, bridge loans, and business loans.
• Investments start at a minimum of €50, with loan durations for current campaigns ranging from 12 to 18 months.
• Estateguru currently offers interest rates between 7% and 10% on bullet loans, with interest payment schedules ranging from monthly to semi-annual.
• Estateguru does not clearly disclose its default rate. Over 40.4% of its loans in Active Markets are delayed, with more than 38.6% in recovery.

Estateguru offers investment opportunities in property-backed business loans and European short-term property-backed loans. These loans are categorized into three types:

• Development loans: Totaling approximately €360.14 million, this category represents about 41% of Estateguru’s portfolio.
• Bridge loans: Amounting to around €357.34 million, bridge loans also make up about 41% of the platform’s portfolio.
• Business loans: Business loans account for approximately €155.27 million, representing about 18% of the platform’s offerings.

These debt instruments are secured by real estate collateral, with a mortgage established on the underlying property.^[4] The collateral typically includes real estate, with a loan-to-value (LTV) ratio of up to 75%.^[5] Current Estateguru investments range from €50,000 to €1.38 million. Residential properties make up the majority of collateral, valued at €490 million, or 56% of Estateguru’s total portfolio. Land and properties under construction account for 25%, valued at approximately €218 million, while commercial real estate represents 19%, with an estimated value of €163 million.^[6]

Lenders can invest a minimum of €50 per project. The loan durations for current campaigns range from 12 to 18 months. Among the 3 active campaigns, 2 have monthly repayment schedules, while 1 has a semi-annual payment schedule. All the debt instruments are structured as bullet loans, with interest and principal repaid at the end of the loan term. Estateguru does not withhold tax on interest returns. Income from loans is treated as investment income and subject to income tax. Investors are responsible for complying with their tax authority’s regulations.

The platform offers a secondary market where lenders can exit their investments early. It also provides an auto-invest feature to queue new investments.

Among the listed campaigns, Estateguru offers interest rates ranging from 7% to 10%. It is important to note that, since its inception, the platform has experienced a consistent decline in its interest rate offerings. Estateguru’s highest return on loans peaked at 13.91% in 2015 and has gradually decreased to an average of 9.32% in 2024.^[7]

Estateguru categorizes its statistics into “Active” and “Non-Active Markets.”

• Active Markets include Estonia, Finland, Latvia, Lithuania, and Portugal. Estateguru has not yet fully repaid any loans in these markets, but €6.76 million (4.71% of the loan portfolio) has been partially recovered. Currently, 40.4% of loans are considered delayed, with over 38.6% under recovery.
• Non-Active Markets include Germany, Spain, and Sweden, where Estateguru has ceased operations. In these markets, only 25.14% of the loan portfolio (€27.58 million) has been repaid. The remaining 74.86% (€77.38 million) is still outstanding, with 70.53% under recovery efforts. The platform has partially recovered €2.98 million (2.73% of the portfolio), while €1.40 million (1.28%) remains delayed.

To date, the platform has recovered approximately €56.24 million. The total outstanding loan portfolio includes €143.54 million in active markets and €82.13 million in Non-active markets. Estateguru does not explicitly disclose its default rate, but of the €872 million funded, €225.68 million remains unsettled, delayed or at risk of default.^[8]

Estateguru imposes various fees on investors, including a €1 service fee for each withdrawal. Additionally, an AUM fee of 0.05% is charged on Performing Outstanding Principal. Inactive accounts, that maintain a positive balance without engaging in new investments for over 12 months, are subject to a monthly fee. On the secondary market, the platform charges sellers a 3% fee for selling claims. On the fundraisers’ side, EstateGuru charges 3-4% for successful funding and 0-2% in annual admin fees. Delays in repayment incur borrower penalty fees.^[9] Primarily, Estateguru generates revenue via brokerage and commission fees from borrowers.

Marek Pärtel and Julian Kaljuvee co-founded Estateguru. Pärtel still serves as the company’s Chairman. In addition to his role at Estateguru, he is an angel investor and advisor at Swapin, Frictionless Markets, KanvasAI, and Consorto, specializing in fintech, art investment, and real estate. João Monteiro is Estateguru’s member of the Supervisory Board, bringing over a decade of experience in investing and supporting startups in FinTech, LogTech, Retail, and HealthTech. He is also the Founding Principal of Pinto Ventures AG. Mihkel Stamm is the CEO of Estateguru. Previously, he served as the Head of the Crowdfunding Area at FinanceEstonia, contributing to supporting the Estonian economy.

Estateguru Holding OÜ holds 100% control of Estateguru, with its largest shareholders being Meb Trust OÜ (16.44%), Euro Holding OÜ (16.11%), and Sparkle (10.37%). Meb Trust is wholly owned by Kristjan-Thor Vähi, Euro Holding by co-founder Marek Pärtel, and Sparkle by both Vähi and Pärtel at 37.48% and 62.52%, respectively.^[10]

Estateguru has raised a total of €12.7 million through 11 rounds of funding. Their latest undisclosed round concluded on March 22, 2023.^[11] Key investors include Matteo Gamba, Pario Ventures, J&T IB and Capital Markets, Verve Ventures, Constructive Venture Fund, TMT Investments, and Pinto Ventures, across Series A and Venture Rounds. The platform has launched several crowdfunding campaigns for the company itself and raised more than €3.5 million through the equity crowdfunding platform Republic Europe, formerly known as Seedrs, from nearly 2,500 investors.^[12]

Estateguru recently made progress in improving its finances. The debt-to-equity ratio improved from -89.49 in FY22 to -3.04 in FY23, showing better debt management. Current liabilities were significantly reduced, with the coverage ratio dropping to 0.36 in FY23, compared to 1.29 in FY22. The net profit margin also improved but remained negative at -0.28 in FY23, up from -0.74 in FY22. The company reported a net loss of €2.33 million in FY23, a notable improvement from the €5.88 million loss in the previous year.^[13]

In 2025, Estateguru focuses on effective loan recoveries to maintain its portfolio quality. The platform strengthens its core Baltic markets, particularly Latvia and Lithuania, and balances loan volumes across the region to support mid-term growth. It targets consistent month-on-month growth in issued loans, aiming for €10 million+ per month by the second half of 2025. Estateguru phases out portfolios in non-active regions to improve operational efficiency. Additionally, a mobile app is expected to be launched in Q1 to improve its user experience, while the platform works on maintaining institutional-grade standards with fewer defaults and timely project completions.^[14]

1. Estateguru: “Who can invest on Estateguru?”
2. P2PMarketdata: “Statistics”
3. Estateguru: “Investors”
4. Estateguru: “How is my investment secured?”
5. Estateguru: “Development loan conditions”
6. Estateguru: “Statistics - Collateral types”
7. Estateguru: “Latest Loans - Interest”
8. Estateguru: “Statistics - Loan Portfolio”
9. Estateguru: “Price list”
10. Estonia E-Business Register: “Estateguru Holding OU”
11. Crunchbase: “Estateguru - Financials”
12. Estateguru on Seedrs: “Estateguru on Republic Europe (Seedrs)”
13. stateguru: “Annual Report 2023”
14. Estateguru: “Company News - CEO’s letter: Reflecting on 2024, and sharing plans for 2025”

Estateguru, founded in 2014 and based in Estonia, holds a license from Estonia’s Financial Supervision and Resolution Authority (Finantsinspektsioon), allowing it to operate across the EU. The platform connects investors with property-backed loans, facilitating financing for property developers in countries such as Estonia, Finland, Latvia, Lithuania, and Portugal. Estateguru previously offered loans in Germany, Spain, and Sweden, where it ceased operations. The platform provides three loan products: development loans, bridge loans, and business loans.

Companies and individuals are allowed to invest on the platform. Investors must have a bank account in any of the European Economic Area (EEA) member states or Switzerland.^[1] Since its launch, Estateguru has raised over €872 million, maintaining an average monthly volume of €6.71 million over the past twelve months.^[2] The platform has a community of 162,829 investors.^[3]

• Estateguru provides property-backed loans, categorized into three product types: development loans, bridge loans, and business loans.
• Investments start at a minimum of €50, with loan durations for current campaigns ranging from 12 to 18 months.
• Estateguru currently offers interest rates between 7% and 10% on bullet loans, with interest payment schedules ranging from monthly to semi-annual.
• Estateguru does not clearly disclose its default rate. Over 40.4% of its loans in Active Markets are delayed, with more than 38.6% in recovery.

Estateguru offers investment opportunities in property-backed business loans and European short-term property-backed loans. These loans are categorized into three types:

• Development loans: Totaling approximately €360.14 million, this category represents about 41% of Estateguru’s portfolio.
• Bridge loans: Amounting to around €357.34 million, bridge loans also make up about 41% of the platform’s portfolio.
• Business loans: Business loans account for approximately €155.27 million, representing about 18% of the platform’s offerings.

These debt instruments are secured by real estate collateral, with a mortgage established on the underlying property.^[4] The collateral typically includes real estate, with a loan-to-value (LTV) ratio of up to 75%.^[5] Current Estateguru investments range from €50,000 to €1.38 million. Residential properties make up the majority of collateral, valued at €490 million, or 56% of Estateguru’s total portfolio. Land and properties under construction account for 25%, valued at approximately €218 million, while commercial real estate represents 19%, with an estimated value of €163 million.^[6]

Lenders can invest a minimum of €50 per project. The loan durations for current campaigns range from 12 to 18 months. Among the 3 active campaigns, 2 have monthly repayment schedules, while 1 has a semi-annual payment schedule. All the debt instruments are structured as bullet loans, with interest and principal repaid at the end of the loan term. Estateguru does not withhold tax on interest returns. Income from loans is treated as investment income and subject to income tax. Investors are responsible for complying with their tax authority’s regulations.

The platform offers a secondary market where lenders can exit their investments early. It also provides an auto-invest feature to queue new investments.

Among the listed campaigns, Estateguru offers interest rates ranging from 7% to 10%. It is important to note that, since its inception, the platform has experienced a consistent decline in its interest rate offerings. Estateguru’s highest return on loans peaked at 13.91% in 2015 and has gradually decreased to an average of 9.32% in 2024.^[7]

Estateguru categorizes its statistics into “Active” and “Non-Active Markets.”

• Active Markets include Estonia, Finland, Latvia, Lithuania, and Portugal. Estateguru has not yet fully repaid any loans in these markets, but €6.76 million (4.71% of the loan portfolio) has been partially recovered. Currently, 40.4% of loans are considered delayed, with over 38.6% under recovery.
• Non-Active Markets include Germany, Spain, and Sweden, where Estateguru has ceased operations. In these markets, only 25.14% of the loan portfolio (€27.58 million) has been repaid. The remaining 74.86% (€77.38 million) is still outstanding, with 70.53% under recovery efforts. The platform has partially recovered €2.98 million (2.73% of the portfolio), while €1.40 million (1.28%) remains delayed.

To date, the platform has recovered approximately €56.24 million. The total outstanding loan portfolio includes €143.54 million in active markets and €82.13 million in Non-active markets. Estateguru does not explicitly disclose its default rate, but of the €872 million funded, €225.68 million remains unsettled, delayed or at risk of default.^[8]

Estateguru imposes various fees on investors, including a €1 service fee for each withdrawal. Additionally, an AUM fee of 0.05% is charged on Performing Outstanding Principal. Inactive accounts, that maintain a positive balance without engaging in new investments for over 12 months, are subject to a monthly fee. On the secondary market, the platform charges sellers a 3% fee for selling claims. On the fundraisers’ side, EstateGuru charges 3-4% for successful funding and 0-2% in annual admin fees. Delays in repayment incur borrower penalty fees.^[9] Primarily, Estateguru generates revenue via brokerage and commission fees from borrowers.

Marek Pärtel and Julian Kaljuvee co-founded Estateguru. Pärtel still serves as the company’s Chairman. In addition to his role at Estateguru, he is an angel investor and advisor at Swapin, Frictionless Markets, KanvasAI, and Consorto, specializing in fintech, art investment, and real estate. João Monteiro is Estateguru’s member of the Supervisory Board, bringing over a decade of experience in investing and supporting startups in FinTech, LogTech, Retail, and HealthTech. He is also the Founding Principal of Pinto Ventures AG. Mihkel Stamm is the CEO of Estateguru. Previously, he served as the Head of the Crowdfunding Area at FinanceEstonia, contributing to supporting the Estonian economy.

Estateguru Holding OÜ holds 100% control of Estateguru, with its largest shareholders being Meb Trust OÜ (16.44%), Euro Holding OÜ (16.11%), and Sparkle (10.37%). Meb Trust is wholly owned by Kristjan-Thor Vähi, Euro Holding by co-founder Marek Pärtel, and Sparkle by both Vähi and Pärtel at 37.48% and 62.52%, respectively.^[10]

Estateguru has raised a total of €12.7 million through 11 rounds of funding. Their latest undisclosed round concluded on March 22, 2023.^[11] Key investors include Matteo Gamba, Pario Ventures, J&T IB and Capital Markets, Verve Ventures, Constructive Venture Fund, TMT Investments, and Pinto Ventures, across Series A and Venture Rounds. The platform has launched several crowdfunding campaigns for the company itself and raised more than €3.5 million through the equity crowdfunding platform Republic Europe, formerly known as Seedrs, from nearly 2,500 investors.^[12]

Estateguru recently made progress in improving its finances. The debt-to-equity ratio improved from -89.49 in FY22 to -3.04 in FY23, showing better debt management. Current liabilities were significantly reduced, with the coverage ratio dropping to 0.36 in FY23, compared to 1.29 in FY22. The net profit margin also improved but remained negative at -0.28 in FY23, up from -0.74 in FY22. The company reported a net loss of €2.33 million in FY23, a notable improvement from the €5.88 million loss in the previous year.^[13]

In 2025, Estateguru focuses on effective loan recoveries to maintain its portfolio quality. The platform strengthens its core Baltic markets, particularly Latvia and Lithuania, and balances loan volumes across the region to support mid-term growth. It targets consistent month-on-month growth in issued loans, aiming for €10 million+ per month by the second half of 2025. Estateguru phases out portfolios in non-active regions to improve operational efficiency. Additionally, a mobile app is expected to be launched in Q1 to improve its user experience, while the platform works on maintaining institutional-grade standards with fewer defaults and timely project completions.^[14]

1. Estateguru: “Who can invest on Estateguru?”
2. P2PMarketdata: “Statistics”
3. Estateguru: “Investors”
4. Estateguru: “How is my investment secured?”
5. Estateguru: “Development loan conditions”
6. Estateguru: “Statistics - Collateral types”
7. Estateguru: “Latest Loans - Interest”
8. Estateguru: “Statistics - Loan Portfolio”
9. Estateguru: “Price list”
10. Estonia E-Business Register: “Estateguru Holding OU”
11. Crunchbase: “Estateguru - Financials”
12. Estateguru on Seedrs: “Estateguru on Republic Europe (Seedrs)”
13. stateguru: “Annual Report 2023”
14. Estateguru: “Company News - CEO’s letter: Reflecting on 2024, and sharing plans for 2025”

Estateguru, founded in 2014 and based in Estonia, holds a license from Estonia’s Financial Supervision and Resolution Authority (Finantsinspektsioon), allowing it to operate across the EU. The platform connects investors with property-backed loans, facilitating financing for property developers in countries such as Estonia, Finland, Latvia, Lithuania, and Portugal. Estateguru previously offered loans in Germany, Spain, and Sweden, where it ceased operations. The platform provides three loan products: development loans, bridge loans, and business loans.

Companies and individuals are allowed to invest on the platform. Investors must have a bank account in any of the European Economic Area (EEA) member states or Switzerland.^[1] Since its launch, Estateguru has raised over €872 million, maintaining an average monthly volume of €6.71 million over the past twelve months.^[2] The platform has a community of 162,829 investors.^[3]

• Estateguru provides property-backed loans, categorized into three product types: development loans, bridge loans, and business loans.
• Investments start at a minimum of €50, with loan durations for current campaigns ranging from 12 to 18 months.
• Estateguru currently offers interest rates between 7% and 10% on bullet loans, with interest payment schedules ranging from monthly to semi-annual.
• Estateguru does not clearly disclose its default rate. Over 40.4% of its loans in Active Markets are delayed, with more than 38.6% in recovery.

Estateguru offers investment opportunities in property-backed business loans and European short-term property-backed loans. These loans are categorized into three types:

• Development loans: Totaling approximately €360.14 million, this category represents about 41% of Estateguru’s portfolio.
• Bridge loans: Amounting to around €357.34 million, bridge loans also make up about 41% of the platform’s portfolio.
• Business loans: Business loans account for approximately €155.27 million, representing about 18% of the platform’s offerings.

These debt instruments are secured by real estate collateral, with a mortgage established on the underlying property.^[4] The collateral typically includes real estate, with a loan-to-value (LTV) ratio of up to 75%.^[5] Current Estateguru investments range from €50,000 to €1.38 million. Residential properties make up the majority of collateral, valued at €490 million, or 56% of Estateguru’s total portfolio. Land and properties under construction account for 25%, valued at approximately €218 million, while commercial real estate represents 19%, with an estimated value of €163 million.^[6]

Lenders can invest a minimum of €50 per project. The loan durations for current campaigns range from 12 to 18 months. Among the 3 active campaigns, 2 have monthly repayment schedules, while 1 has a semi-annual payment schedule. All the debt instruments are structured as bullet loans, with interest and principal repaid at the end of the loan term. Estateguru does not withhold tax on interest returns. Income from loans is treated as investment income and subject to income tax. Investors are responsible for complying with their tax authority’s regulations.

The platform offers a secondary market where lenders can exit their investments early. It also provides an auto-invest feature to queue new investments.

Among the listed campaigns, Estateguru offers interest rates ranging from 7% to 10%. It is important to note that, since its inception, the platform has experienced a consistent decline in its interest rate offerings. Estateguru’s highest return on loans peaked at 13.91% in 2015 and has gradually decreased to an average of 9.32% in 2024.^[7]

Estateguru categorizes its statistics into “Active” and “Non-Active Markets.”

• Active Markets include Estonia, Finland, Latvia, Lithuania, and Portugal. Estateguru has not yet fully repaid any loans in these markets, but €6.76 million (4.71% of the loan portfolio) has been partially recovered. Currently, 40.4% of loans are considered delayed, with over 38.6% under recovery.
• Non-Active Markets include Germany, Spain, and Sweden, where Estateguru has ceased operations. In these markets, only 25.14% of the loan portfolio (€27.58 million) has been repaid. The remaining 74.86% (€77.38 million) is still outstanding, with 70.53% under recovery efforts. The platform has partially recovered €2.98 million (2.73% of the portfolio), while €1.40 million (1.28%) remains delayed.

To date, the platform has recovered approximately €56.24 million. The total outstanding loan portfolio includes €143.54 million in active markets and €82.13 million in Non-active markets. Estateguru does not explicitly disclose its default rate, but of the €872 million funded, €225.68 million remains unsettled, delayed or at risk of default.^[8]

Estateguru imposes various fees on investors, including a €1 service fee for each withdrawal. Additionally, an AUM fee of 0.05% is charged on Performing Outstanding Principal. Inactive accounts, that maintain a positive balance without engaging in new investments for over 12 months, are subject to a monthly fee. On the secondary market, the platform charges sellers a 3% fee for selling claims. On the fundraisers’ side, EstateGuru charges 3-4% for successful funding and 0-2% in annual admin fees. Delays in repayment incur borrower penalty fees.^[9] Primarily, Estateguru generates revenue via brokerage and commission fees from borrowers.

Marek Pärtel and Julian Kaljuvee co-founded Estateguru. Pärtel still serves as the company’s Chairman. In addition to his role at Estateguru, he is an angel investor and advisor at Swapin, Frictionless Markets, KanvasAI, and Consorto, specializing in fintech, art investment, and real estate. João Monteiro is Estateguru’s member of the Supervisory Board, bringing over a decade of experience in investing and supporting startups in FinTech, LogTech, Retail, and HealthTech. He is also the Founding Principal of Pinto Ventures AG. Mihkel Stamm is the CEO of Estateguru. Previously, he served as the Head of the Crowdfunding Area at FinanceEstonia, contributing to supporting the Estonian economy.

Estateguru Holding OÜ holds 100% control of Estateguru, with its largest shareholders being Meb Trust OÜ (16.44%), Euro Holding OÜ (16.11%), and Sparkle (10.37%). Meb Trust is wholly owned by Kristjan-Thor Vähi, Euro Holding by co-founder Marek Pärtel, and Sparkle by both Vähi and Pärtel at 37.48% and 62.52%, respectively.^[10]

Estateguru has raised a total of €12.7 million through 11 rounds of funding. Their latest undisclosed round concluded on March 22, 2023.^[11] Key investors include Matteo Gamba, Pario Ventures, J&T IB and Capital Markets, Verve Ventures, Constructive Venture Fund, TMT Investments, and Pinto Ventures, across Series A and Venture Rounds. The platform has launched several crowdfunding campaigns for the company itself and raised more than €3.5 million through the equity crowdfunding platform Republic Europe, formerly known as Seedrs, from nearly 2,500 investors.^[12]

Estateguru recently made progress in improving its finances. The debt-to-equity ratio improved from -89.49 in FY22 to -3.04 in FY23, showing better debt management. Current liabilities were significantly reduced, with the coverage ratio dropping to 0.36 in FY23, compared to 1.29 in FY22. The net profit margin also improved but remained negative at -0.28 in FY23, up from -0.74 in FY22. The company reported a net loss of €2.33 million in FY23, a notable improvement from the €5.88 million loss in the previous year.^[13]

In 2025, Estateguru focuses on effective loan recoveries to maintain its portfolio quality. The platform strengthens its core Baltic markets, particularly Latvia and Lithuania, and balances loan volumes across the region to support mid-term growth. It targets consistent month-on-month growth in issued loans, aiming for €10 million+ per month by the second half of 2025. Estateguru phases out portfolios in non-active regions to improve operational efficiency. Additionally, a mobile app is expected to be launched in Q1 to improve its user experience, while the platform works on maintaining institutional-grade standards with fewer defaults and timely project completions.^[14]

1. Estateguru: “Who can invest on Estateguru?”
2. P2PMarketdata: “Statistics”
3. Estateguru: “Investors”
4. Estateguru: “How is my investment secured?”
5. Estateguru: “Development loan conditions”
6. Estateguru: “Statistics - Collateral types”
7. Estateguru: “Latest Loans - Interest”
8. Estateguru: “Statistics - Loan Portfolio”
9. Estateguru: “Price list”
10. Estonia E-Business Register: “Estateguru Holding OU”
11. Crunchbase: “Estateguru - Financials”
12. Estateguru on Seedrs: “Estateguru on Republic Europe (Seedrs)”
13. stateguru: “Annual Report 2023”
14. Estateguru: “Company News - CEO’s letter: Reflecting on 2024, and sharing plans for 2025”