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Crowdestate is a crowdfunding platform in the real estate sector, founded in Estonia in 2014.[1][2] It specializes in offering various investment opportunities, primarily in the form of real estate development loans across Europe.[3] The founder is Loit Linnupõld.[4][5]
 | |
Type of site | Crowdfunding |
|---|---|
| Available in | English, Estonian, Italian, Spanish, German, French, Portuguese, Romanian |
| Headquarters | Tallinn, Estonia |
| Founder(s) | Loit Linnupõld |
| Commercial | Yes |
| Launched | January 2014 |
Investment Opportunities
editCrowdestate 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).[6]
- Investments related to mortgage financing.[7]
- Business loans (a smaller portion of the available projects).[6]
The minimum investment to participate in the platform's projects is 100 euros, with additional investments in increments of 100 euros.[6][1]
The platform has a rigorous screening process for potential campaigns, resulting in only about 5% of submitted projects being approved for funding.[6][8]
Investments are primarily concentrated in Estonia. Crowdestate also features a secondary market where investors can buy and sell their investments.[6]
History
editCrowdestate was founded in Estonia in 2014. 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.[9]
In 2016, Crowdestate expanded into Latvia and opened an office in Riga.[9]
In 2017, Crowdestate financed its largest crowdfunding project to date, worth €1,500,000 (the Vega Residence residential development project in Tallinn and throughout Estonia). The project attracted 1,036 investors.[10]
In 2018, Crowdestate entered the Italian market, opening an office in Milan,[11] and in 2019, it expanded to Georgia and Romania. It later began operations in Portugal, Finland[9], Slovakia, and Poland.
As of September 2024, Crowdestate had over 60,000 investors,[12] with more than 500 projects funded and over €130 million in capital raised.[13]
External links
editReferences
edit- ^ 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).
- ^ 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.
- ^ Mäe, Indrek (2016-12-13). "Kes ei riski, see tootlust ei näe". Aripaev (in Estonian).
- ^ a b c "Loit Linnupõld: Crowdestate'i tänane ärimudel on elujõuline ka tulevikus". Rahajutud.ee (in Estonian). 2018-05-04.
- ^ "Loit Linnupõld: Crowdestate'i Vega maja oli "just minu tagaaias" projekt". Rahajutud.ee (in Estonian). 2018-04-10.
- ^ "Investeeri Crowdestate'ga Itaaliasse!". Rahajutud.ee (in Estonian). 2018-07-18.
- ^ Sharma-Karia, Sonia (2023-07-06). "Crowdestate posts higher revenues despite "limited funding capacity"". Alternative Credit Investor.
- ^ "Crowdestate". CrowdSpace.