Mortgage portfolio Overview (Could 2023)


In Could, Estateguru’s crowdfunding platform noticed €8,2M price of recent loans. Our gross sales group is concentrating on the Baltics and Finland: in Estonia the quantity was €4,0M, in Lithuania €1,4M, in Latvia €1,9M and in Finland €0,8M. We’re seeing a rise in funding from institutional buyers, to additional assist progress.

In the course of the latest months the return of repayments has been round 9,0%. The compensation quantity is steady, with a mean month-to-month quantity of €7,5M over the past 3 months.

In Could we recovered one of many long-term defaults in Latvia. The public sale on this case was profitable, however the funds (€0,1M) had been initially held up because of a authorized dispute. After settlement with the borrower, the funds had been recovered. The primary focus of the chance and authorized division throughout 2023 has been and continues to be the recoveries in Germany, Finland and Lithuania. Nonetheless, we’re additionally bettering our credit score high quality by taking the next steps:

1) A brand new credit score coverage together with decrease focus threat limits, increased valuation requirements, extra emphasis on compensation capacity and borrower background and so forth. 2) A brand new mortgage software (credit score memo) mission with a deal with the wants of institutional buyers, which may also profit retail buyers. 3) Integration of Moody’s scores. 4) Threat based mostly rate of interest calculation mission. 5) A center workplace and doc administration improve concerning mortgage paperwork. 6) A shift within the Operations group’s focus to extra proactive late mortgage administration.


We’ll hold you knowledgeable concerning the credit score portfolio high quality month-to-month.



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