Estate Guru - Overview

Estate guru is an Estonian p2p lending platform with a different approach and with interesting returns.

They don’t offer business or consumer loans, they publish real estate opportunities on their site with an attached huge description of the project. The possible revenues are interesting and the paltform looks fine.

The main page shows all the investments opportunities available and for each one the interest rate, the loan period, the LTV and the time left until it expires.

The opportunities page

Buy back

All the project come with a collateral good which provide a decent LTV which usually never goes above the 65%. In case of failure the project is given to a law firm which will revover the debt using the collateral assets.

In the FAQ section we can find this answer:

"As soon as the borrower is late in a repaying an installment, we will make a contact in behalf of investors to find out the reasons and ask for explanation. In case of delay, the borrower shall pay fine for delay, specified in General Loan Terms clauses 9 and 10. When the borrower faces financial difficulties we will try to find best solution for both parties. If the borrower is not able to repay the loan, the borrower will be given the option to take a repayment holiday. If the borrower is still unable to repay the loan, we will cooperate with law firm Jesse&Kalaus, who will in order to recover the debt".

Communication

They don't simply communicate, they spam.

For every new project you will be notified with an email, when the project gets around the 60% you get another email, when you invest in a project you receive an email for loan agreement and general terms and conditions, another one when the project is totally invested and a third when is finally funded.

There is even a monthly newsletter about the projects news and events regarding estate guru during last month.

Secondary market 

Sadly there is not a secondary market which makes this platform not my best choice.

Platform

The design and the portfolio details is one of the most neglected and coarser I have ever seen.

My portfolio overview

The pie tort is practically unreadable when you reach 10 or more investments and the cumulative earning table is not any better neither.

My cumulative earnings 

Is pretty tough reach which loans are late or good, you have to read patiently a huge table and hoping for the best...

Details view

Conclusions

This is an interesting alternative to others platforms with more features, more options and more revenues. Estate Guru is usefull even for a differentiation of your portfolio.

The absence of a secondary market makes this platform a little scary if you need to leave soon and have your money back but until now looks solid, the revenues are in line with the expectations and there are always more new projects to be funded.

Last update 14 October 2016