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Post by nigel610 on May 19, 2017 11:38:55 GMT
Has anyone used them
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Post by gidoppp01 on May 19, 2017 11:51:28 GMT
I try to read the 2016 annual report, I can't understand because it is all written in Estonian.  Here are some of the good returns:- - Kesk tee 17, 75305 Jüri, Investment horizon: 9 months, Profit: 48% - CMP Solution kuivbetooni tootmisliini ehituse finantseerimine, Investment horizon: 5 months, Profit: 18% - Piima, Amula küla, 41553 Kohtla vald, Investment horizon 24 months, Profit: 44% |
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Post by buttchopf23 on May 19, 2017 13:24:13 GMT
Yeah, invested in some projects,but they have their first interest payments only after 12 months or at the end, so I have to wait.
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camron
P2P Blogger
Posts: 6 
Likes: 3
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Post by camron on May 19, 2017 18:15:20 GMT
Hey!
I've been using them since 2013. As a disclaimer I must admit that I speak with the team rather often, so I think I know a thing or two about them.
Crowdestate (CE) is peer to business lending platform, mainly directed towards property development project. There has been some deals from corporate finance side also and I think this is something they will expand into (it's also reasonable due to high real estate prices and therefore lower expected returns). The team itself is reputable (Loit has some 20 years in banking, Märt is also bank experienced, but was a CEO of stock exchange listed company for 5 years prior joining CE).
From the report:
revenue 413k€
profit 156k€
They have put into work 40 projects. Out of these 11 are successful exits, 1 is problematic (if I remember correctly it had 1. lien with LTV of around 50%. The collateral is in good location, so this project will probably end up also on the positive side). Best one is Jüri warehouse developement project, where return was as high as 48%. Loit has said that it is definitely really hard to do better in future. Don't get your expectations up. Usually return expectation should be around 12-20% p.a. But you must notice the capital type when investing. There is a difference if you invest in equity vs collateral backed loan.
If any questions arise, feel free to ask!
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