TGS Baltic advised EstateGuru in funding its largest ever P2P loan and entering the Finnish market

02 / 18

TGS Baltic advised property lender EstateGuru in a cross-border financing transaction where EstateGuru provided a 1,6 MEUR loan to Finnish based printing house Libris Oy for purchasing real estate. With funding the platform’s largest ever loan in the country’s capital, the peer-to-peer platform entered in Finnish market.

Libris will be the owner of the collateral property (the printing house). The bridging loan was funded in less than two weeks by 1,233 investors from 41 countries.

EstateGuru, established in 2014, is one of the largest real estate crowdfunding platforms in Scandinavia, it has more than 10 300 investors from 45 countries and has already issued loans amounting to over 45 million euros. EstateGuru currently has offices in Estonia and Latvia, but plans to expand into the UK, Ireland and Spain this year.

Libris Oy belongs to Estonian company Libris Group and is focused on providing printing services for example to Tikkurila and Finnair. In 2017, the turnover of the company was €3.59 million and it had 25 full-time workers.

On the same topic

EstateGuru blog: EstateGuru launched its fourth market – Finland!
Peer2Peer Finance News: EstateGuru funds its biggest ever P2P loan as it enters Finnish market
Welltrado: P2P lending: EstateGuru expanded to Finland!
Adaur: EstateGuru launched its fourth market – Finland


Sander Kärson
Nikita Divissenko
Martin Tamme