Estateguru

Estateguru, founded in 2014 in Estonia, is licensed by Finantsinspektsioon as a European Crowdfunding Service Provider.^[1] It connects investors with property-backed loans in Estonia, Latvia, Lithuania, and Portugal. Origination has ceased in Germany, Finland, Spain, and Sweden. As of April 2026, €939 million has been funded across 7,744 investment deals. It has 159,563 investors from 106 countries, open to individuals and corporates. New loan origination averages €4.97M/month (trailing 12 months).^[2][3]

• Three loan types: development (~41%), bridge (~41%), and business (~18%), all secured by real estate mortgages.
• Minimum €50 per investment.^[4] Monthly interest, principal at maturity.^[5]
• Average 10.41% annual interest. Self reported “Historical Return” at 9.50%.^[2][3]
• As of April 2026, 34% of Active Market outstanding loans are non-performing. No formal default rate is disclosed.^[2]
• Investor fees: €3 per withdrawal, 0.083%/month AUM fee on performing principal, 1% secondary market seller fee.^[5]

Estateguru offers property-backed loans in three categories, all secured by real estate mortgages (97.94% first-rank):^[2]

• Development loans: ~41% of total originated.
• Bridge loans: ~41%, short-term financing secured against existing properties.
• Business loans: ~18%, real estate-backed corporate lending.

Collateral is predominantly residential real estate (56.49%). Average portfolio LTV is 62.91%.^[2] No buyback guarantee is offered. Investor protection relies on the real estate security and the recovery process.

Minimum €50 per project.^[4] loans pay monthly interest with principal returned at maturity, typically within 12–18 months.^[5] All investments are denominated in euros. A secondary market and auto-invest feature are available. Revenue is generated from both sides: borrowers pay 2.5–4% intermediation and 0–2% annual administration; investors pay a 0.083%/month AUM fee on performing principal, a 0–2% interest spread withheld from returns, and a 1% secondary-market seller fee.^[5]

As of March 31, 2026, investment deals average 10.41% annual interest.^[3] The platform reports a historical return of 9.50%^[2] This figure is self-reported, the methodology for incorporating defaults, delays, or recoveries is not disclosed, and it should not be read as a realised investor net return.

Active Markets (Estonia, Latvia, Lithuania, Portugal): as of April 17, 2026, €101.9 million is outstanding in Active Markets, of which 65.74% is performing, 25.74% is under recovery, 6.74% is partially recovered, and 1.78% is delayed. Total non-performing: 34.26%.^[2] All figures are self-reported. No formal default rate is disclosed.

Non-Active Markets (Germany, Finland, Spain, Sweden, where origination has ceased): €97.7 million is outstanding of approximately €204 million ever funded. Of that, 96.1% (€93.9 million) is under active recovery as of April 2026.^[2]

Investor fees: €3 per withdrawal, 0.083%/month AUM fee on performing principal, 1% secondary market seller fee.^[5]

Marek Pärtel and Julian Kaljuvee co-founded Estateguru in 2014. Pärtel serves as Chairman. Kaljuvee's current role has not been publicly disclosed. Mihkel Stamm is CEO, previously Head of Crowdfunding at FinanceEstonia. João Monteiro is a Supervisory Board member and Founding Principal of Pinto Ventures AG.

Estateguru Holding OÜ holds 100% of the operating entity. The five largest shareholders are Kris Trust OÜ (16.44%), Euro Holding OÜ (16.11%, held by Pärtel), Sparkle Holding OÜ (10.37%), Seedrs Nominees Limited (7.04%, representing Republic Europe crowdfunding investors^[9]), and Pinto Ventures LI AG (6.94%). Over 50 additional shareholders hold the remainder. Full registry is publicly accessible.^[7]

Estateguru's statistics page^[2] shows portfolio volume by loan type, delay and recovery rates by market, collateral distribution, and interest rate history. All figures are self-reported and not independently audited. The platform's ECSP licence is publicly verifiable through the Finantsinspektsioon register.^[1] The Non-Active Markets tab publishes outstanding principal and aggregate recovery status per ceased market (Germany, Finland, Spain, Sweden). As of April 2026, €97.7M is outstanding, with 96.1% under active recovery.

Audited financial statements are published annually. The FY2024 report is publicly available.^[6] The operating entity is registered in the Estonian e-Business Register with shareholder data publicly accessible.^[7]

No threshold is defined for reclassifying delayed loans as defaults, and individual recovery timelines are not published. Management communicates via the company blog, including annual CEO letters addressing portfolio health and recovery strategy.^[8]

Per PitchBook, Estateguru has raised $13.2 million across 14 disclosed rounds, with the most recent closing in March 2023.^[10] An additional €3.99 million was raised in FY2024 via a private placement of 1,055 new shares.^[6]

FY2024 was Estateguru's first profitable year: revenue was €8.41 million (flat versus €8.37 million in FY2023), net profit €104,305 (versus a restated loss of €2.83 million). Net profit margin improved from -34% to 1%. Total equity turned positive at €1.63 million (FY2023: -€2.48 million). The result was driven by approximately €15 million in problematic loan recoveries and disciplined cost management.^[6]

The 2025 strategy targets sustainable growth, cost reduction, and origination concentrated in Baltic markets. No dividends are planned.^[8] In March 2026, origination reached €6.59 million.^[11]

As of April 2026, Estateguru holds a 1.4-star rating on Trustpilot based on 1,496 reviews.^[12] Negative reviews dominate, citing capital losses on defaulted loans, unexpected fees applied to recovered funds, poor communication on loan recovery status, and negative annual returns despite property collateral. Positive reviews are rare. The most common positive theme is ease of use. The platform's response rate to negative reviews is low.

The platform's most significant reputational event was the exit from Germany, Spain, and Sweden between 2022 and 2023, which left substantial capital under recovery. A March 2026 update on German recoveries describes 2026 as "another year of structured work-out rather than rapid normalisation," with court-led enforcement as the primary bottleneck and seven loans resolved in the preceding twelve months.^[13]

No formal regulatory sanctions by Finantsinspektsioon have been publicly disclosed as of April 2026.

1. Finantsinspektsioon: "Crowdfunding Service Providers"
2. Estateguru: "Statistics"
3. P2PMarketdata: "Statistics"
4. Estateguru: "User Terms"
5. Estateguru: "Price list"
6. Estateguru: "Annual Report 2024"
7. Estonia E-Business Register: "Estateguru Holding OÜ"
8. Estateguru: "Blog - CEO's Letter: Reflecting on 2024, and Sharing Plans for 2025"
9. Republic Europe: "Estateguru"
10. PitchBook: "Estateguru 2026 Company Profile"
11. Estateguru: "Blog - March Portfolio Overview: Strongest Loan Origination Month of 2026"
12. Trustpilot: "Estateguru"
13. Estateguru: "Blog - German Loan Recoveries: Update from Early 2026"

Estateguru, founded in 2014 in Estonia, is licensed by Finantsinspektsioon as a European Crowdfunding Service Provider.^[1] It connects investors with property-backed loans in Estonia, Latvia, Lithuania, and Portugal. Origination has ceased in Germany, Finland, Spain, and Sweden. As of April 2026, €939 million has been funded across 7,744 investment deals. It has 159,563 investors from 106 countries, open to individuals and corporates. New loan origination averages €4.97M/month (trailing 12 months).^[2][3]

• Three loan types: development (~41%), bridge (~41%), and business (~18%), all secured by real estate mortgages.
• Minimum €50 per investment.^[4] Monthly interest, principal at maturity.^[5]
• Average 10.41% annual interest. Self reported “Historical Return” at 9.50%.^[2][3]
• As of April 2026, 34% of Active Market outstanding loans are non-performing. No formal default rate is disclosed.^[2]
• Investor fees: €3 per withdrawal, 0.083%/month AUM fee on performing principal, 1% secondary market seller fee.^[5]

Estateguru offers property-backed loans in three categories, all secured by real estate mortgages (97.94% first-rank):^[2]

• Development loans: ~41% of total originated.
• Bridge loans: ~41%, short-term financing secured against existing properties.
• Business loans: ~18%, real estate-backed corporate lending.

Collateral is predominantly residential real estate (56.49%). Average portfolio LTV is 62.91%.^[2] No buyback guarantee is offered. Investor protection relies on the real estate security and the recovery process.

Minimum €50 per project.^[4] loans pay monthly interest with principal returned at maturity, typically within 12–18 months.^[5] All investments are denominated in euros. A secondary market and auto-invest feature are available. Revenue is generated from both sides: borrowers pay 2.5–4% intermediation and 0–2% annual administration; investors pay a 0.083%/month AUM fee on performing principal, a 0–2% interest spread withheld from returns, and a 1% secondary-market seller fee.^[5]

As of March 31, 2026, investment deals average 10.41% annual interest.^[3] The platform reports a historical return of 9.50%^[2] This figure is self-reported, the methodology for incorporating defaults, delays, or recoveries is not disclosed, and it should not be read as a realised investor net return.

Active Markets (Estonia, Latvia, Lithuania, Portugal): as of April 17, 2026, €101.9 million is outstanding in Active Markets, of which 65.74% is performing, 25.74% is under recovery, 6.74% is partially recovered, and 1.78% is delayed. Total non-performing: 34.26%.^[2] All figures are self-reported. No formal default rate is disclosed.

Non-Active Markets (Germany, Finland, Spain, Sweden, where origination has ceased): €97.7 million is outstanding of approximately €204 million ever funded. Of that, 96.1% (€93.9 million) is under active recovery as of April 2026.^[2]

Investor fees: €3 per withdrawal, 0.083%/month AUM fee on performing principal, 1% secondary market seller fee.^[5]

Marek Pärtel and Julian Kaljuvee co-founded Estateguru in 2014. Pärtel serves as Chairman. Kaljuvee's current role has not been publicly disclosed. Mihkel Stamm is CEO, previously Head of Crowdfunding at FinanceEstonia. João Monteiro is a Supervisory Board member and Founding Principal of Pinto Ventures AG.

Estateguru Holding OÜ holds 100% of the operating entity. The five largest shareholders are Kris Trust OÜ (16.44%), Euro Holding OÜ (16.11%, held by Pärtel), Sparkle Holding OÜ (10.37%), Seedrs Nominees Limited (7.04%, representing Republic Europe crowdfunding investors^[9]), and Pinto Ventures LI AG (6.94%). Over 50 additional shareholders hold the remainder. Full registry is publicly accessible.^[7]

Estateguru's statistics page^[2] shows portfolio volume by loan type, delay and recovery rates by market, collateral distribution, and interest rate history. All figures are self-reported and not independently audited. The platform's ECSP licence is publicly verifiable through the Finantsinspektsioon register.^[1] The Non-Active Markets tab publishes outstanding principal and aggregate recovery status per ceased market (Germany, Finland, Spain, Sweden). As of April 2026, €97.7M is outstanding, with 96.1% under active recovery.

Audited financial statements are published annually. The FY2024 report is publicly available.^[6] The operating entity is registered in the Estonian e-Business Register with shareholder data publicly accessible.^[7]

No threshold is defined for reclassifying delayed loans as defaults, and individual recovery timelines are not published. Management communicates via the company blog, including annual CEO letters addressing portfolio health and recovery strategy.^[8]

Per PitchBook, Estateguru has raised $13.2 million across 14 disclosed rounds, with the most recent closing in March 2023.^[10] An additional €3.99 million was raised in FY2024 via a private placement of 1,055 new shares.^[6]

FY2024 was Estateguru's first profitable year: revenue was €8.41 million (flat versus €8.37 million in FY2023), net profit €104,305 (versus a restated loss of €2.83 million). Net profit margin improved from -34% to 1%. Total equity turned positive at €1.63 million (FY2023: -€2.48 million). The result was driven by approximately €15 million in problematic loan recoveries and disciplined cost management.^[6]

The 2025 strategy targets sustainable growth, cost reduction, and origination concentrated in Baltic markets. No dividends are planned.^[8] In March 2026, origination reached €6.59 million.^[11]

As of April 2026, Estateguru holds a 1.4-star rating on Trustpilot based on 1,496 reviews.^[12] Negative reviews dominate, citing capital losses on defaulted loans, unexpected fees applied to recovered funds, poor communication on loan recovery status, and negative annual returns despite property collateral. Positive reviews are rare. The most common positive theme is ease of use. The platform's response rate to negative reviews is low.

The platform's most significant reputational event was the exit from Germany, Spain, and Sweden between 2022 and 2023, which left substantial capital under recovery. A March 2026 update on German recoveries describes 2026 as "another year of structured work-out rather than rapid normalisation," with court-led enforcement as the primary bottleneck and seven loans resolved in the preceding twelve months.^[13]

No formal regulatory sanctions by Finantsinspektsioon have been publicly disclosed as of April 2026.

1. Finantsinspektsioon: "Crowdfunding Service Providers"
2. Estateguru: "Statistics"
3. P2PMarketdata: "Statistics"
4. Estateguru: "User Terms"
5. Estateguru: "Price list"
6. Estateguru: "Annual Report 2024"
7. Estonia E-Business Register: "Estateguru Holding OÜ"
8. Estateguru: "Blog - CEO's Letter: Reflecting on 2024, and Sharing Plans for 2025"
9. Republic Europe: "Estateguru"
10. PitchBook: "Estateguru 2026 Company Profile"
11. Estateguru: "Blog - March Portfolio Overview: Strongest Loan Origination Month of 2026"
12. Trustpilot: "Estateguru"
13. Estateguru: "Blog - German Loan Recoveries: Update from Early 2026"

Estateguru, founded in 2014 in Estonia, is licensed by Finantsinspektsioon as a European Crowdfunding Service Provider.^[1] It connects investors with property-backed loans in Estonia, Latvia, Lithuania, and Portugal. Origination has ceased in Germany, Finland, Spain, and Sweden. As of April 2026, €939 million has been funded across 7,744 investment deals. It has 159,563 investors from 106 countries, open to individuals and corporates. New loan origination averages €4.97M/month (trailing 12 months).^[2][3]

• Three loan types: development (~41%), bridge (~41%), and business (~18%), all secured by real estate mortgages.
• Minimum €50 per investment.^[4] Monthly interest, principal at maturity.^[5]
• Average 10.41% annual interest. Self reported “Historical Return” at 9.50%.^[2][3]
• As of April 2026, 34% of Active Market outstanding loans are non-performing. No formal default rate is disclosed.^[2]
• Investor fees: €3 per withdrawal, 0.083%/month AUM fee on performing principal, 1% secondary market seller fee.^[5]

Estateguru offers property-backed loans in three categories, all secured by real estate mortgages (97.94% first-rank):^[2]

• Development loans: ~41% of total originated.
• Bridge loans: ~41%, short-term financing secured against existing properties.
• Business loans: ~18%, real estate-backed corporate lending.

Collateral is predominantly residential real estate (56.49%). Average portfolio LTV is 62.91%.^[2] No buyback guarantee is offered. Investor protection relies on the real estate security and the recovery process.

Minimum €50 per project.^[4] loans pay monthly interest with principal returned at maturity, typically within 12–18 months.^[5] All investments are denominated in euros. A secondary market and auto-invest feature are available. Revenue is generated from both sides: borrowers pay 2.5–4% intermediation and 0–2% annual administration; investors pay a 0.083%/month AUM fee on performing principal, a 0–2% interest spread withheld from returns, and a 1% secondary-market seller fee.^[5]

As of March 31, 2026, investment deals average 10.41% annual interest.^[3] The platform reports a historical return of 9.50%^[2] This figure is self-reported, the methodology for incorporating defaults, delays, or recoveries is not disclosed, and it should not be read as a realised investor net return.

Active Markets (Estonia, Latvia, Lithuania, Portugal): as of April 17, 2026, €101.9 million is outstanding in Active Markets, of which 65.74% is performing, 25.74% is under recovery, 6.74% is partially recovered, and 1.78% is delayed. Total non-performing: 34.26%.^[2] All figures are self-reported. No formal default rate is disclosed.

Non-Active Markets (Germany, Finland, Spain, Sweden, where origination has ceased): €97.7 million is outstanding of approximately €204 million ever funded. Of that, 96.1% (€93.9 million) is under active recovery as of April 2026.^[2]

Investor fees: €3 per withdrawal, 0.083%/month AUM fee on performing principal, 1% secondary market seller fee.^[5]

Marek Pärtel and Julian Kaljuvee co-founded Estateguru in 2014. Pärtel serves as Chairman. Kaljuvee's current role has not been publicly disclosed. Mihkel Stamm is CEO, previously Head of Crowdfunding at FinanceEstonia. João Monteiro is a Supervisory Board member and Founding Principal of Pinto Ventures AG.

Estateguru Holding OÜ holds 100% of the operating entity. The five largest shareholders are Kris Trust OÜ (16.44%), Euro Holding OÜ (16.11%, held by Pärtel), Sparkle Holding OÜ (10.37%), Seedrs Nominees Limited (7.04%, representing Republic Europe crowdfunding investors^[9]), and Pinto Ventures LI AG (6.94%). Over 50 additional shareholders hold the remainder. Full registry is publicly accessible.^[7]

Estateguru's statistics page^[2] shows portfolio volume by loan type, delay and recovery rates by market, collateral distribution, and interest rate history. All figures are self-reported and not independently audited. The platform's ECSP licence is publicly verifiable through the Finantsinspektsioon register.^[1] The Non-Active Markets tab publishes outstanding principal and aggregate recovery status per ceased market (Germany, Finland, Spain, Sweden). As of April 2026, €97.7M is outstanding, with 96.1% under active recovery.

Audited financial statements are published annually. The FY2024 report is publicly available.^[6] The operating entity is registered in the Estonian e-Business Register with shareholder data publicly accessible.^[7]

No threshold is defined for reclassifying delayed loans as defaults, and individual recovery timelines are not published. Management communicates via the company blog, including annual CEO letters addressing portfolio health and recovery strategy.^[8]

Per PitchBook, Estateguru has raised $13.2 million across 14 disclosed rounds, with the most recent closing in March 2023.^[10] An additional €3.99 million was raised in FY2024 via a private placement of 1,055 new shares.^[6]

FY2024 was Estateguru's first profitable year: revenue was €8.41 million (flat versus €8.37 million in FY2023), net profit €104,305 (versus a restated loss of €2.83 million). Net profit margin improved from -34% to 1%. Total equity turned positive at €1.63 million (FY2023: -€2.48 million). The result was driven by approximately €15 million in problematic loan recoveries and disciplined cost management.^[6]

The 2025 strategy targets sustainable growth, cost reduction, and origination concentrated in Baltic markets. No dividends are planned.^[8] In March 2026, origination reached €6.59 million.^[11]

As of April 2026, Estateguru holds a 1.4-star rating on Trustpilot based on 1,496 reviews.^[12] Negative reviews dominate, citing capital losses on defaulted loans, unexpected fees applied to recovered funds, poor communication on loan recovery status, and negative annual returns despite property collateral. Positive reviews are rare. The most common positive theme is ease of use. The platform's response rate to negative reviews is low.

The platform's most significant reputational event was the exit from Germany, Spain, and Sweden between 2022 and 2023, which left substantial capital under recovery. A March 2026 update on German recoveries describes 2026 as "another year of structured work-out rather than rapid normalisation," with court-led enforcement as the primary bottleneck and seven loans resolved in the preceding twelve months.^[13]

No formal regulatory sanctions by Finantsinspektsioon have been publicly disclosed as of April 2026.

1. Finantsinspektsioon: "Crowdfunding Service Providers"
2. Estateguru: "Statistics"
3. P2PMarketdata: "Statistics"
4. Estateguru: "User Terms"
5. Estateguru: "Price list"
6. Estateguru: "Annual Report 2024"
7. Estonia E-Business Register: "Estateguru Holding OÜ"
8. Estateguru: "Blog - CEO's Letter: Reflecting on 2024, and Sharing Plans for 2025"
9. Republic Europe: "Estateguru"
10. PitchBook: "Estateguru 2026 Company Profile"
11. Estateguru: "Blog - March Portfolio Overview: Strongest Loan Origination Month of 2026"
12. Trustpilot: "Estateguru"
13. Estateguru: "Blog - German Loan Recoveries: Update from Early 2026"

Estateguru, founded in 2014 in Estonia, is licensed by Finantsinspektsioon as a European Crowdfunding Service Provider.^[1] It connects investors with property-backed loans in Estonia, Latvia, Lithuania, and Portugal. Origination has ceased in Germany, Finland, Spain, and Sweden. As of April 2026, €939 million has been funded across 7,744 investment deals. It has 159,563 investors from 106 countries, open to individuals and corporates. New loan origination averages €4.97M/month (trailing 12 months).^[2][3]

• Three loan types: development (~41%), bridge (~41%), and business (~18%), all secured by real estate mortgages.
• Minimum €50 per investment.^[4] Monthly interest, principal at maturity.^[5]
• Average 10.41% annual interest. Self reported “Historical Return” at 9.50%.^[2][3]
• As of April 2026, 34% of Active Market outstanding loans are non-performing. No formal default rate is disclosed.^[2]
• Investor fees: €3 per withdrawal, 0.083%/month AUM fee on performing principal, 1% secondary market seller fee.^[5]

Estateguru offers property-backed loans in three categories, all secured by real estate mortgages (97.94% first-rank):^[2]

• Development loans: ~41% of total originated.
• Bridge loans: ~41%, short-term financing secured against existing properties.
• Business loans: ~18%, real estate-backed corporate lending.

Collateral is predominantly residential real estate (56.49%). Average portfolio LTV is 62.91%.^[2] No buyback guarantee is offered. Investor protection relies on the real estate security and the recovery process.

Minimum €50 per project.^[4] loans pay monthly interest with principal returned at maturity, typically within 12–18 months.^[5] All investments are denominated in euros. A secondary market and auto-invest feature are available. Revenue is generated from both sides: borrowers pay 2.5–4% intermediation and 0–2% annual administration; investors pay a 0.083%/month AUM fee on performing principal, a 0–2% interest spread withheld from returns, and a 1% secondary-market seller fee.^[5]

As of March 31, 2026, investment deals average 10.41% annual interest.^[3] The platform reports a historical return of 9.50%^[2] This figure is self-reported, the methodology for incorporating defaults, delays, or recoveries is not disclosed, and it should not be read as a realised investor net return.

Active Markets (Estonia, Latvia, Lithuania, Portugal): as of April 17, 2026, €101.9 million is outstanding in Active Markets, of which 65.74% is performing, 25.74% is under recovery, 6.74% is partially recovered, and 1.78% is delayed. Total non-performing: 34.26%.^[2] All figures are self-reported. No formal default rate is disclosed.

Non-Active Markets (Germany, Finland, Spain, Sweden, where origination has ceased): €97.7 million is outstanding of approximately €204 million ever funded. Of that, 96.1% (€93.9 million) is under active recovery as of April 2026.^[2]

Investor fees: €3 per withdrawal, 0.083%/month AUM fee on performing principal, 1% secondary market seller fee.^[5]

Marek Pärtel and Julian Kaljuvee co-founded Estateguru in 2014. Pärtel serves as Chairman. Kaljuvee's current role has not been publicly disclosed. Mihkel Stamm is CEO, previously Head of Crowdfunding at FinanceEstonia. João Monteiro is a Supervisory Board member and Founding Principal of Pinto Ventures AG.

Estateguru Holding OÜ holds 100% of the operating entity. The five largest shareholders are Kris Trust OÜ (16.44%), Euro Holding OÜ (16.11%, held by Pärtel), Sparkle Holding OÜ (10.37%), Seedrs Nominees Limited (7.04%, representing Republic Europe crowdfunding investors^[9]), and Pinto Ventures LI AG (6.94%). Over 50 additional shareholders hold the remainder. Full registry is publicly accessible.^[7]

Estateguru's statistics page^[2] shows portfolio volume by loan type, delay and recovery rates by market, collateral distribution, and interest rate history. All figures are self-reported and not independently audited. The platform's ECSP licence is publicly verifiable through the Finantsinspektsioon register.^[1] The Non-Active Markets tab publishes outstanding principal and aggregate recovery status per ceased market (Germany, Finland, Spain, Sweden). As of April 2026, €97.7M is outstanding, with 96.1% under active recovery.

Audited financial statements are published annually. The FY2024 report is publicly available.^[6] The operating entity is registered in the Estonian e-Business Register with shareholder data publicly accessible.^[7]

No threshold is defined for reclassifying delayed loans as defaults, and individual recovery timelines are not published. Management communicates via the company blog, including annual CEO letters addressing portfolio health and recovery strategy.^[8]

Per PitchBook, Estateguru has raised $13.2 million across 14 disclosed rounds, with the most recent closing in March 2023.^[10] An additional €3.99 million was raised in FY2024 via a private placement of 1,055 new shares.^[6]

FY2024 was Estateguru's first profitable year: revenue was €8.41 million (flat versus €8.37 million in FY2023), net profit €104,305 (versus a restated loss of €2.83 million). Net profit margin improved from -34% to 1%. Total equity turned positive at €1.63 million (FY2023: -€2.48 million). The result was driven by approximately €15 million in problematic loan recoveries and disciplined cost management.^[6]

The 2025 strategy targets sustainable growth, cost reduction, and origination concentrated in Baltic markets. No dividends are planned.^[8] In March 2026, origination reached €6.59 million.^[11]

As of April 2026, Estateguru holds a 1.4-star rating on Trustpilot based on 1,496 reviews.^[12] Negative reviews dominate, citing capital losses on defaulted loans, unexpected fees applied to recovered funds, poor communication on loan recovery status, and negative annual returns despite property collateral. Positive reviews are rare. The most common positive theme is ease of use. The platform's response rate to negative reviews is low.

The platform's most significant reputational event was the exit from Germany, Spain, and Sweden between 2022 and 2023, which left substantial capital under recovery. A March 2026 update on German recoveries describes 2026 as "another year of structured work-out rather than rapid normalisation," with court-led enforcement as the primary bottleneck and seven loans resolved in the preceding twelve months.^[13]

No formal regulatory sanctions by Finantsinspektsioon have been publicly disclosed as of April 2026.

1. Finantsinspektsioon: "Crowdfunding Service Providers"
2. Estateguru: "Statistics"
3. P2PMarketdata: "Statistics"
4. Estateguru: "User Terms"
5. Estateguru: "Price list"
6. Estateguru: "Annual Report 2024"
7. Estonia E-Business Register: "Estateguru Holding OÜ"
8. Estateguru: "Blog - CEO's Letter: Reflecting on 2024, and Sharing Plans for 2025"
9. Republic Europe: "Estateguru"
10. PitchBook: "Estateguru 2026 Company Profile"
11. Estateguru: "Blog - March Portfolio Overview: Strongest Loan Origination Month of 2026"
12. Trustpilot: "Estateguru"
13. Estateguru: "Blog - German Loan Recoveries: Update from Early 2026"

Estateguru, founded in 2014 in Estonia, is licensed by Finantsinspektsioon as a European Crowdfunding Service Provider.^[1] It connects investors with property-backed loans in Estonia, Latvia, Lithuania, and Portugal. Origination has ceased in Germany, Finland, Spain, and Sweden. As of April 2026, €939 million has been funded across 7,744 investment deals. It has 159,563 investors from 106 countries, open to individuals and corporates. New loan origination averages €4.97M/month (trailing 12 months).^[2][3]

• Three loan types: development (~41%), bridge (~41%), and business (~18%), all secured by real estate mortgages.
• Minimum €50 per investment.^[4] Monthly interest, principal at maturity.^[5]
• Average 10.41% annual interest. Self reported “Historical Return” at 9.50%.^[2][3]
• As of April 2026, 34% of Active Market outstanding loans are non-performing. No formal default rate is disclosed.^[2]
• Investor fees: €3 per withdrawal, 0.083%/month AUM fee on performing principal, 1% secondary market seller fee.^[5]

Estateguru offers property-backed loans in three categories, all secured by real estate mortgages (97.94% first-rank):^[2]

• Development loans: ~41% of total originated.
• Bridge loans: ~41%, short-term financing secured against existing properties.
• Business loans: ~18%, real estate-backed corporate lending.

Collateral is predominantly residential real estate (56.49%). Average portfolio LTV is 62.91%.^[2] No buyback guarantee is offered. Investor protection relies on the real estate security and the recovery process.

Minimum €50 per project.^[4] loans pay monthly interest with principal returned at maturity, typically within 12–18 months.^[5] All investments are denominated in euros. A secondary market and auto-invest feature are available. Revenue is generated from both sides: borrowers pay 2.5–4% intermediation and 0–2% annual administration; investors pay a 0.083%/month AUM fee on performing principal, a 0–2% interest spread withheld from returns, and a 1% secondary-market seller fee.^[5]

As of March 31, 2026, investment deals average 10.41% annual interest.^[3] The platform reports a historical return of 9.50%^[2] This figure is self-reported, the methodology for incorporating defaults, delays, or recoveries is not disclosed, and it should not be read as a realised investor net return.

Active Markets (Estonia, Latvia, Lithuania, Portugal): as of April 17, 2026, €101.9 million is outstanding in Active Markets, of which 65.74% is performing, 25.74% is under recovery, 6.74% is partially recovered, and 1.78% is delayed. Total non-performing: 34.26%.^[2] All figures are self-reported. No formal default rate is disclosed.

Non-Active Markets (Germany, Finland, Spain, Sweden, where origination has ceased): €97.7 million is outstanding of approximately €204 million ever funded. Of that, 96.1% (€93.9 million) is under active recovery as of April 2026.^[2]

Investor fees: €3 per withdrawal, 0.083%/month AUM fee on performing principal, 1% secondary market seller fee.^[5]

Marek Pärtel and Julian Kaljuvee co-founded Estateguru in 2014. Pärtel serves as Chairman. Kaljuvee's current role has not been publicly disclosed. Mihkel Stamm is CEO, previously Head of Crowdfunding at FinanceEstonia. João Monteiro is a Supervisory Board member and Founding Principal of Pinto Ventures AG.

Estateguru Holding OÜ holds 100% of the operating entity. The five largest shareholders are Kris Trust OÜ (16.44%), Euro Holding OÜ (16.11%, held by Pärtel), Sparkle Holding OÜ (10.37%), Seedrs Nominees Limited (7.04%, representing Republic Europe crowdfunding investors^[9]), and Pinto Ventures LI AG (6.94%). Over 50 additional shareholders hold the remainder. Full registry is publicly accessible.^[7]

Estateguru's statistics page^[2] shows portfolio volume by loan type, delay and recovery rates by market, collateral distribution, and interest rate history. All figures are self-reported and not independently audited. The platform's ECSP licence is publicly verifiable through the Finantsinspektsioon register.^[1] The Non-Active Markets tab publishes outstanding principal and aggregate recovery status per ceased market (Germany, Finland, Spain, Sweden). As of April 2026, €97.7M is outstanding, with 96.1% under active recovery.

Audited financial statements are published annually. The FY2024 report is publicly available.^[6] The operating entity is registered in the Estonian e-Business Register with shareholder data publicly accessible.^[7]

No threshold is defined for reclassifying delayed loans as defaults, and individual recovery timelines are not published. Management communicates via the company blog, including annual CEO letters addressing portfolio health and recovery strategy.^[8]

Per PitchBook, Estateguru has raised $13.2 million across 14 disclosed rounds, with the most recent closing in March 2023.^[10] An additional €3.99 million was raised in FY2024 via a private placement of 1,055 new shares.^[6]

FY2024 was Estateguru's first profitable year: revenue was €8.41 million (flat versus €8.37 million in FY2023), net profit €104,305 (versus a restated loss of €2.83 million). Net profit margin improved from -34% to 1%. Total equity turned positive at €1.63 million (FY2023: -€2.48 million). The result was driven by approximately €15 million in problematic loan recoveries and disciplined cost management.^[6]

The 2025 strategy targets sustainable growth, cost reduction, and origination concentrated in Baltic markets. No dividends are planned.^[8] In March 2026, origination reached €6.59 million.^[11]

As of April 2026, Estateguru holds a 1.4-star rating on Trustpilot based on 1,496 reviews.^[12] Negative reviews dominate, citing capital losses on defaulted loans, unexpected fees applied to recovered funds, poor communication on loan recovery status, and negative annual returns despite property collateral. Positive reviews are rare. The most common positive theme is ease of use. The platform's response rate to negative reviews is low.

The platform's most significant reputational event was the exit from Germany, Spain, and Sweden between 2022 and 2023, which left substantial capital under recovery. A March 2026 update on German recoveries describes 2026 as "another year of structured work-out rather than rapid normalisation," with court-led enforcement as the primary bottleneck and seven loans resolved in the preceding twelve months.^[13]

No formal regulatory sanctions by Finantsinspektsioon have been publicly disclosed as of April 2026.

1. Finantsinspektsioon: "Crowdfunding Service Providers"
2. Estateguru: "Statistics"
3. P2PMarketdata: "Statistics"
4. Estateguru: "User Terms"
5. Estateguru: "Price list"
6. Estateguru: "Annual Report 2024"
7. Estonia E-Business Register: "Estateguru Holding OÜ"
8. Estateguru: "Blog - CEO's Letter: Reflecting on 2024, and Sharing Plans for 2025"
9. Republic Europe: "Estateguru"
10. PitchBook: "Estateguru 2026 Company Profile"
11. Estateguru: "Blog - March Portfolio Overview: Strongest Loan Origination Month of 2026"
12. Trustpilot: "Estateguru"
13. Estateguru: "Blog - German Loan Recoveries: Update from Early 2026"