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investors
Estateguru is an Estonian lending platform run by Estateguru OÜ in Tallinn. Investors fund short-term development, bridge and business loans backed by mortgages on property, today mainly in Estonia, Latvia, Lithuania and Portugal. Since 2014 it has funded €976.5 million of loans and paid investors €100.3 million of interest (as of 1 November 2026). Germany and Finland, where €103.8 million and €94.3 million were lent, are no longer active markets; loans there are only being recovered.
You invest from €50 per loan, choosing loans yourself or setting an automatic investment strategy. Each loan shows its interest rate, loan-to-value ratio and risk category; rates on the loans open on 1 November 2026 were 7.5% to 9%. There are mobile apps for iOS and Android.
Estateguru reports a historical return of 9.21% a year (as of 1 November 2026). The page does not define it. Its "actual return" by year of lending counts only loans that were repaid: 9.46% for 2023, 9.48% for 2024 and 9.04% for 2025. Loans recovered after a default returned 4.61% a year on average. No return after losses across the whole book is published, so the 9.21% leaves out the loans that went bad.
Defaults are high. Estateguru's yearly default rate, the number of loans that defaulted during the year divided by loans not in default on 1 January, was 9.13% for 2022, 27.45% for 2023, 13.45% for 2024 and 20.14% for 2025. 1.52% has been written off in total. In the active markets €22.6 million (2.92% of lending) is in recovery, a further €10.8 million is partly recovered but still outstanding, and €0.8 million is late (1 November 2026). Figures for Germany and Finland are shown separately, and in July 2026 the platform said resolved German loans have brought capital losses and that Finland has examples of negative returns, without putting a size on them. Final losses could therefore end up well above the 1.52% written off.
Most loans are secured by a first-ranking mortgage on real estate, held by Estateguru as security agent for investors, with the loan-to-value ratio shown for each loan; the platform average is 63.44% and Baltic loans issued since 2023 average 54.1%. Some loans also carry personal or company guarantees. There is no buyback or provision fund. Recovery works but is slow: €74.5 million has been recovered so far, 39.94% of the defaulted portfolio, taking 11.1 months on average from default (1 November 2026). Public reviews include complaints that some defaulted loans, mainly in Germany, have remained unresolved four to five years after default.
The operator is Estateguru OÜ, a licensed European crowdfunding service provider. Its activity licence was issued by the Estonian Financial Supervision Authority (Finantsinspektsioon) under decision no. 4.1-1/48. In July 2026 Estateguru said it had spent €1.7 million of its own money on recoveries in 2025. Payments run through Lemonway, a French payment institution, and LHV Pank, an Estonian bank.
Investing is free, but Estateguru keeps an interest spread of 0% to 2% of the borrower's interest on each loan. A monthly fee of 0.083% of performing principal, at most €100, is charged only in months with actual returns. Each withdrawal costs €3. Accounts with money but no new investment for 12 months pay €10 a month, rising to €50 a month after a further year. Sellers on the secondary market pay 1% of the transaction. Borrowers pay an intermediation fee of 2.5% to 4% and up to 2% a year in administration fees (price list in force from 1 November 2025).
A secondary market lets you sell loan claims to other investors, from €50 per claim, for a 1% seller fee; offers expire after 7 days and Estateguru may suspend the market at any time. A buyer is not guaranteed, and loans in recovery can take years to resolve. Otherwise you wait for each loan to be repaid.
Return: Medium. The historical return is 9.21% a year, counting repaid loans. Risk: High (higher means more risk). Only 1.52% has been written off, but 20.14% of loans defaulted in 2025, €22.6 million is in recovery in the active markets, and losses in Germany and Finland are admitted but not sized. Risk-return: Low, because the published return leaves out the defaults that weigh on investors' results.
License / Regulation: Estateguru OÜ is a licensed European crowdfunding service provider under an activity licence issued by the Estonian Financial Supervision Authority (Finantsinspektsioon), decision no. 4.1-1/48. Investments are not covered by a deposit guarantee or investor compensation scheme.
Yes. Estateguru OÜ is a licensed European crowdfunding service provider under an activity licence from the Estonian Financial Supervision Authority, decision no. 4.1-1/48. No deposit guarantee or investor compensation scheme covers the investments.
Payments run through Lemonway, a French payment institution, and LHV Pank, an Estonian bank, with Estateguru as payment intermediary. Its terms say users' funds are kept separately from the company's own money.
€50 per loan, including through automatic investing.
Estateguru reports a 9.21% historical return (1 November 2026), counting repaid loans. 1.52% has been written off, but 20.14% of loans defaulted in 2025, €22.6 million is in recovery in the active markets, and losses on German and Finnish loans are admitted but not sized.
Most loans have a first-ranking mortgage on property, held by Estateguru as security agent. The average loan-to-value ratio is 63.44%. There is no buyback or provision fund. €74.5 million has been recovered from defaulted loans so far, 39.94% of the defaulted portfolio.
Yes, if a buyer is found. The secondary market accepts claims from €50 with a 1% seller fee, offers last 7 days, and Estateguru may suspend the market at any time.
An interest spread of 0% to 2% kept from each loan's interest, a monthly fee of 0.083% of performing principal (at most €100, only in months with returns), €3 per withdrawal, 1% when selling on the secondary market, and €10 a month on accounts inactive for 12 months, rising to €50.
If a borrower defaults, Estateguru as security agent enforces the mortgage; recovery has taken 11.1 months on average, and some German loans much longer. Your loans are claims on the borrowers, and payments run through Lemonway and LHV. No compensation scheme covers losses.
Estateguru lent €103.8 million in Germany and €94.3 million in Finland; the problems sit mainly in loans from 2021 and 2022. Both are now recovery-only markets. In July 2026 the platform said resolved German loans brought capital losses and that Finland has examples of negative returns.
