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Post by georgenewman on Mar 10, 2017 15:36:42 GMT
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Post by lawyer on Mar 17, 2017 10:34:29 GMT
Looks like this company violates the Latvian law. They must be licensed as a credit intermediary company.
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Post by catalist on Mar 21, 2017 16:19:35 GMT
Hi.
Can you please back up your argument with some source? Latvia is not China and the regulator is actively monitoring the situation.
Very unlikely that your statement is correct, taking into account that other foreign P2P real estate platforms are operating in Latvia as well (i.e. EstateGuru).
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Post by buttchopf23 on Mar 21, 2017 16:41:06 GMT
I am not a lawyer, so I don't understand that point.
What I see is that you buy shares (spv?), so I don't see the credit part in play.
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Post by explorep2p on Sept 4, 2017 20:43:47 GMT
Hi George Probably too late for you now, but we've been digging into Bulkestate. They are new and small but some of the loans offer pretty interesting returns relative to the risk profile (13-15% p.a on fairly low LTVs). We've just published an interview with their CEO that goes into some detail on their business if of interest.
Interview with Bulkestate CEO
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Post by buttchopf23 on Oct 9, 2017 7:36:18 GMT
The lawyer seemed to be on to something, bulkestate went to estonia months ago (where most property crowdfunding platforms are). They launched some smaller projects in the past months and no this one (hotel in bulgaria) should go live next week:
Interest rate: 13.8%
Investment target: 200,000 EUR
Loan period: 8 months
Loan to value: 35%
Security: Mortgage
A bigger Riga project should follow also in October.
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,323 
Likes: 897
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Post by JamesFrance on Oct 10, 2017 13:25:46 GMT
They have a very bad WOT (web of trust) rating and need to contact them to do something about it.
(Unless they really are a spamvertised Indian site)
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Post by Baiba on Dec 21, 2017 14:16:15 GMT
Hi, We’ve noticed that there are some discussions about Bulkestate so I hope you don’t mind if I jump in to clarify some of the questions raised. Looks like this company violates the Latvian law. They must be licensed as a credit intermediary company. The company was first founded in Latvia but due to lack of appropriate laws and regulation for crowdfunding companies, we’ve moved to Estonia. Similarly as other companies already outlined in this thread. We’re registered in Estonia as a financial institution and monitored by Estonian Ministry of Economic Affairs and Communications. Our licence is publicly available: mtr.mkm.ee/taotluse_tulemus/462401?backurl=%40juriidiline_isik_show%3Fid%3D207094They have a very bad WOT (web of trust) rating and need to contact them to do something about it. (Unless they really are a spamvertised Indian site) Thank you for pointing this out. I’ve analysed the information available on the WOT website and it seems that 2 reviews have been sitting there since 2013 when Bulkestate (at least the way we recognise it today) was not even founded. WOT doesn’t reset the scorecard even if a domain has been reregistered - “ ..we do not reset reputations, even when the owner of the domain has changed.” We registered the domain name in March of 2016 ( more information) and everything that was done with the domain before, unfortunately, cannot be easily changed. Investment objects are periodically being published on the platform so it’s definitely not too late. Everyone who’s interested can register and receive notifications about new investment opportunities. Currently, we have an active object in Riga, Latvia. More details below: Annual return: 14% Loan to value (LTV): 70% Loan amount: €70,000 Loan period: 12 months Security: mortgage Hope this helps to get to know us better. |
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JamesFrance
Member of DD Central
Port Grimaud 1974
Posts: 1,323
Likes: 897
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Post by JamesFrance on Dec 22, 2017 8:31:04 GMT
OK I have given your site a positive WOT rating, I no longer receive a warning when visiting it.
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Post by Baiba on Dec 29, 2017 14:59:00 GMT
Thanks, James! I just checked the WOT extension information about Bulkestate and it seems that the security warning is now gone. Have a great weekend! OK I have given your site a positive WOT rating, I no longer receive a warning when visiting it. |
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Post by Baiba on Jan 22, 2018 14:01:14 GMT
Hi, I wanted to inform that we've launched another asset-based loan in Latvia and it's currently open for investments. It is planned to use the attracted funding to divide the property in smaller building plots, to improve the territory, to approve the projects of two houses, as well as to start construction of one demo house. The loan is secured by the first rank mortgage. More details can be found here. A quick overview of the loan: Annual return: 14% Loan to value (LTV): 21% Loan amount: €50,000 Loan period: 24 months Security: mortgage Let me know if you have any questions. |
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Post by Baiba on Feb 14, 2018 9:12:11 GMT
Hi, We've launched another asset-based loan in Latvia and it's currently open for investments. Funding is attracted to provide current assets necessary for the borrower’s business development. More information on our website. A quick overview of the loan: Annual return: 14% Loan to value (LTV): 64% Loan amount: €35,000 Loan period: 12 months Security: mortgage Let me know if you have any questions. |
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Post by Baiba on May 14, 2018 14:28:27 GMT
A new asset-based loan is available for investments on Bulkestate. Purpose of the loan is refinancing of an existing loan and bridge funding until the sale of the property is completed. More information on our website. A quick overview of the loan: Annual return: 14% Loan to value (LTV): 58% Loan amount: €46,000 Loan period: 12 months Security: mortgage Let me know if you have any questions. |
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Post by Baiba on Jun 20, 2018 13:04:39 GMT
Hello, It's been a while since we last updated the information about our activities here on the forum. So let me give a quick overview on what has been completed on our side to make investor life simpler. We have worked on both: website backend features and profitable deals for investors. Let's begin with some of the latest new website features that we have introduced to make the whole investing process simpler: - Virtual account - feature-rich investor account in multiple languages
- Auto invest - now there is a possibility to set up an auto-invest based on predetermined criteria
- Property group buying - a completely new way of buying real estate at lower prices
- Transaction history - check your previous deals and investments in one place
- Etc.
All the features mentioned above were introduced on the platform in April and we are glad to hear a lot of great feedback from our investors. Let us know what you think and if there is anything that you would also like to see on the platform.
Talking about investment opportunities, we are launching a new investment object today. More information can be found here - Bulkestate - Briezu Str. Object. The property is located in the residential area of the town of Cēsis. More information:
- Annual return: 14%
- Loan to value (LTV): 54%
- Loan amount: €89,000
- Loan period: 12 months
- Security: mortgage
Kind regards,
Baiba
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Post by Baiba on Jul 4, 2018 13:35:10 GMT
Hello, We are pleased to announce another asset-based loan in Latvia and it's currently open for investments. The property is located in Ragaciems, a seaside residential area on the very coast of Baltic Sea. Ragaciems is a part of Engure district, located between the Baltic Sea and Lake Kaņieris – a picturesque area, famous for its trails and versatile nature. A quick overview of the loan: Annual return: 15% Loan to value (LTV): 49% Loan amount: €70,000 Loan period: 23 months Security: mortgage Let me know if you have any questions. Happy investing! More information on the website. |
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