To a total of €580m across all the property lender's European markets.
Five years after launching in Lithuania, property lending platform Estateguru has reached a €100m lending milestone in the market.
Lithuania was Estateguru’s third market it launched in back in 2017, after being founded in Estonia in 2013 and expanding to Latvia shortly after.
Today Estateguru says it has now arranged over €580m in loans to over 3,000 property development projects across all its markets including Finland, Spain, Portugal, Germany and the UK.
“Lithuania has been one of the most successful operating countries in the Estateguru Group, delivering constant double-digit returns to our investors since we launched in 2017,” said Estateguru’s co-founder and chair Marek Pärtel.
“Our solid first quarter results and record level of assets under management demonstrate that, even in a challenging environment, the demand for alternative financing remains unchanged,” added Pärtel.
“Now more than ever, SMEs across Europe are looking for flexible financing options and reliable partners, who understand the specifics of the real estate business.”