Real estate developer Everaus Kinnisvara raised €954,000 via the Estateguru platform to acquire land plots for a new residential quarter in Rae municipality. The loan was fully subscribed in just three business days by 4,218 different investors.
“The speed at which the loan was fully subscribed reflects the high level of trust our investors have in Everaus Kinnisvara’s projects, built over years of successful developments,” commented Mihkel Stamm, CEO of Estateguru.
The loan, issued for a period of 18 months, offers Estateguru investors an expected annual return of 11.5%. Everaus Kinnisvara is using the funding to cover 90% of the land acquisition cost. The developer is acquiring a 60,000 m² site in Rae municipality, which includes 26 residential plots and land designated for transport infrastructure. The detailed plan for the area—just 7.5 kilometers from Tallinn city center—has already been approved. The development will include detached houses, semi-detached homes, and terraced houses.
“Our investors have previously funded Everaus Kinnisvara’s land purchases, infrastructure development, commercial buildings, and even helped free up capital from completed apartment projects to support new ones,” Stamm added. “To date, the developer has repaid nearly €12 million in principal and €1.2 million in interest to investors on our platform.”
“We’ve been pleased to see such active investor participation in our projects through Estateguru,” said Janar Muttik, founder and CEO of Everaus Kinnisvara. “The crowdfunding platform has allowed us to engage a broader investor base that shares our vision and believes in our projects. It also enables us to secure financing for early-stage phases that traditional banks don’t typically fund—such as land acquisition and infrastructure—making Estateguru a valuable long-term partner. Given our growth strategy, we certainly plan to continue working together in the future.”
In 2023, Estateguru investors financed 341 real estate projects with a total volume of over €80 million and earned €12.6 million in interest income during the year.
Estateguru is a leading pan-European investment platform offering property-backed loans to small and medium-sized businesses and carefully selected opportunities to its global investor community. By developing a borderless digital ecosystem for real estate financing and investing, Estateguru brings together service providers, entrepreneurs, and investors in one environment—delivering a seamless, cross-border, and digital experience that traditional financial institutions cannot match. The company’s team of 44 professionals operates from offices in Tallinn, Riga, and Vilnius.
