Everaus Real Estate Raised Nearly a Million Euros from Investors for Development Land Purchase

Real estate developer Everaus Kinnisvara raised 954,000 euros from investors through the Estateguru platform to purchase properties for a residential quarter to be built in Rae municipality, with 4,218 different investors fully subscribing to the loan amount in just three working days.

"This speed of full subscription of the loan amount demonstrates the high confidence of our investors in Everaus Kinnisvara projects, which has been earned through successful projects in recent years," comments Estateguru head Mihkel Stamm.

The expected return for Estateguru investors on the loan issued for a total of 18 months is 11.5% per annum, and with the funds received, Everaus Kinnisvara finances 90% of the property purchase transaction. The developer acquires a 60,000 square meter land plot for the planned residential quarter in Rae municipality, which includes a total of 26 residential land properties and transport land. The detailed plan for the residential quarter, located 7.5 kilometers from Tallinn city center, has already been approved, and the area is planned to include single-family homes, semi-detached houses, and row houses.

"Our investors have previously financed both Everaus Kinnisvara land purchases, infrastructure, and commercial building construction, but have also helped free up capital from already completed apartments so that the developer can direct funds to new projects," Stamm provides examples of previous cooperation and adds that through their projects, the developer has returned nearly 12 million euros to the platform's investors as principal and 1.2 million euros in interest.

"We have been pleased to see the active participation of investors in our projects through the Estateguru platform. The crowdfunding platform has allowed us to attract a broader investor base that shares our vision and believes in our projects," comments Everaus Kinnisvara founder and CEO Janar Muttik.

"The crowdfunding platform allows us to finance projects in stages that banks do not finance – such as, for example, land purchase and infrastructure construction, which is why Estateguru is a valuable partner for us. Considering our growth strategy, we will certainly continue cooperating in the future," he adds.

Last year, Estateguru platform investors financed 341 different real estate projects with a total of more than 80 million euros and earned 12.6 million euros in interest income over the year.

Estateguru is Europe's leading real estate lending platform, offering real estate-backed loans to small and medium-sized enterprises and attractive returns to thousands of investors in financing their loans.

By bringing together developers and investors, projects become reality that make our living environment more modern, energy-efficient, and more distinctive.

Estateguru has helped realize over 7,000 real estate projects, financing them with a total of more than 850 million euros. The platform has attracted over 160,000 investors from more than 100 countries, and the average historical return for investors has been 10.17%.

Estateguru holds a European crowdfunding service license.