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Type of site | Crowdfunding[1] |
|---|---|
| Available in | English, Estonian, Italian, Spanish, German, French, Portuguese, Romanian |
| Headquarters | Tallinn, Estonia[2][3] |
| Founder(s) | Loit Linnupõld[4] |
| Employees | 13 (as of April 2022)[5] |
| Commercial | Yes |
| Launched | January 2014 |
Crowdestate is a crowdfunding platform in the real estate sector, founded in Estonia in 2014.[6][7] It specializes in offering various investment opportunities, primarily in the form of real estate development loans across Europe.[8] The founder is Loit Linnupõld.[9][10]
Investment Opportunities
editThe investor holds a simple fixed-rate bond. It pays an interest, also called a coupon, which is permanently fixed at the time of issuance according to a predefined periodicity until maturity.[11]
Crowdestate offers several types of investments, including:
- Real estate development loans (the primary offerings, typically with an expected return of around 14% and terms ranging from 1 to 4 years).[12]
- Investments related to mortgage financing.[13]
- Business loans (a smaller portion of the available projects).[12][14]
The minimum investment to participate in the platform's projects is 100 euros,[15] with additional investments in increments of 100 euros.[6][12]
The platform has a rigorous screening process for potential campaigns, resulting in only about 5% of submitted projects being approved for funding.[12][16]
Investments are primarily concentrated in Estonia. Crowdestate also features a secondary market where investors can buy and sell their investments.[12][14]
History
editCrowdestate was founded in Estonia in 2014. It was the first real estate crowdfunding platform born in Europe.[17]
It took four months from the initial idea to launch the first project. The first project (acquisition of a floor in Stroomi Residents Apartments in Tallinn) did not attract the necessary investments, but the second project (construction of a multi-apartment building in Sipelga, Mustamäe) was successful.[18]
In 2016, Crowdestate expanded into Latvia and opened an office in Riga.[18]
In 2017, Crowdestate financed its largest crowdfunding project to date, worth €1,500,000 (the Vega Residence residential development project in Tallinn).[19] The project attracted 1,036 investors.[20] This is the largest amount ever raised for a single crowdfunding project in Estonia.[21]
In 2018, Crowdestate entered the Italian market, opening an office in Milan,[22] and in 2019, it expanded to Georgia and Romania. It later began operations in Finland,[18], Portugal, Slovakia, and Poland[23].
In September 2019, Q-haus Baltic, a company raising funds through Crowdestate, went bankrupt, but investors were not notified in time.[24]
As of September 2024, Crowdestate had over 60,000 investors,[25] with more than 500 projects funded and over €130 million in capital raised.[26]
References
edit- ^ "Crowdestate Review". Sneakypeer.
- ^ "Crowdestate". Trustpilot. 17 September 2024.
- ^ "Crowdestate". European Commision.
- ^ "Success Story: Crowdestate". circlewise.io. 18 January 2021.
- ^ "Crowdestate". LeadIQ.
- ^ a b "Crowdestate". brikkapp.com.
- ^ "CrowdEstate Review Is Crowdestate Safe?". P2P Empire. 2024-09-09.
- ^ "Crowdestate". crowdinform.com.
- ^ Must, Birjo; Hundimägi, Aivar (2014-07-10). "Meelitab investoreid kinnisvaraturule". Aripaev (in Estonian).
- ^ Sarapuu, Merilin (2015-02-26). "Kui pank ütleb "ei"". Aripaev (in Estonian).
- ^ Bluersky, Marc. "My review of Crowdestate, the real estate crowdfunding platform". Objectif-renta.com.
- ^ a b c d e Schwartz, Marco. "Crowdestate Review 2024: My Results after 21 Months". marcoschwartz.com.
- ^ Neuwirth, Suzie (2023-08-23). "Banks' retrenchment from property lending set to benefit P2P investors". Alternative Credit Investor.
- ^ a b Galea, Jean (28 February 2020). "Crowdestate Review – Solid Platform with Some Troublesome Projects". jeangalea.com.
- ^ "Crowdestate". fintastico.com.
- ^ Mäe, Indrek (2016-12-13). "Kes ei riski, see tootlust ei näe". Aripaev (in Estonian).
- ^ Ross, Andrew (2020-08-31). "Crowdestate finalizes with 2 months in advance the exit of a real estate project in Milan". Born2Invest.
- ^ a b c "Loit Linnupõld: Crowdestate'i tänane ärimudel on elujõuline ka tulevikus". Rahajutud.ee (in Estonian). 2018-05-04.
- ^ "Инвесторам строительства проекта Vega досрочно вернули 8 миллионов евро". Delfi25 (in Russian). 2018-03-26.
- ^ "Loit Linnupõld: Crowdestate'i Vega maja oli "just minu tagaaias" projekt". Rahajutud.ee (in Estonian). 2018-04-10.
- ^ "Lasnamäe kortermaja tegi ühisrahastuse ajalugu". Äripäev (in Estonian). 2017-01-27.
- ^ "Investeeri Crowdestate'ga Itaaliasse!". Rahajutud.ee (in Estonian). 2018-07-18.
- ^ "Crowdestate.eu". www.f6s.com.
- ^ Коппель, Карин (2019-09-13). "Банк: испытывающие проблемы ликвидности застройщики – исключение". err.ee (in Russian).
- ^ Sharma-Karia, Sonia (2023-07-06). "Crowdestate posts higher revenues despite "limited funding capacity"". Alternative Credit Investor.
- ^ "Crowdestate". CrowdSpace.
External links
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