EstateGuru’s assets under management reached £268m in Q2

By Oliver Smith on Tuesday 26 July 2022

Alternative Lending

AUM up 6.7% quarter-on-quarter, but a slight dip in new lending this quarter.

EstateGuru’s assets under management reached £268m in Q2
Image source: Marek Pärtel (right)/Estateguru

Property lending platform Estateguru saw a 6.7 per cent rise in its assets under management in Q2 2022, compared to the previous quarter, reaching £268m.

The rise was helped by the financing of 439 property projects with a total loan volume of €48.6m, although slightly down on the €50.3m worth of loans it issued in Q1.

A slowdown is to be expected, given the economic slowdown being experienced globally, but Estateguru’s overall revenues still increased year-on-year by nine per cent to €1.8m.

“In June this year, we celebrated our fifth anniversary in Lithuania where we’ve financed more than €100m of loans to date. And Lithuania achieved the biggest loan amounts during the second quarter this year at more than €5m,” said Marek Pärtel, co-founder and chair of Estateguru.

“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.”

The lender also added 10,114 new investors in the quarter, fewer than the 16,300 it added in Q1, but which helped it lift its total number of worldwide investors to 137,000.

Estateguru’s growth follows the company’s launch in the UK and partnership with Raisin Bank to launch in Germany earlier this year.

The company also brought on Judith Tan as head of capital markets earlier this year, hoping to continue this growth trajectory with a focus on providing institutional investors with access to the European SME property lending market.

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