Estateguru has appointed Jüri Preoaim braženski as the new Head of Real Estate Financing. In this role, he will to expand the platform’s ongoing operations in key European markets.
Jüri Preobraženski noted that around sixteen years ago, his professional journey in real estate began. And over the years, he claims to have repeatedly come back to the realization that for him, one of the most fascinating / interesting parts of real estate is “everything related to investment and financing.”
He added:
“I’ve decided to join a truly awesome and innovative team in this field. My role will be to lead the financing teams in Estonia, Latvia, and Lithuania.”
Preobraženski explained that Estateguru helps finance real estate projects and companies. When compared to many banks, Estateguru is considered to be more flexible “when it comes to offering financing solutions.”
Estateguru may help with financing like when clients purchase property for a company; finance real estate construction/development; release equity from existing real estate; finance other business activities using existing real estate as collateral.
As noted in another update, investors from across Europe have participated in financing various Estateguru projects.
To put this into perspective, based “on current construction costs,” the amount of capital and resources acquired “could build around 6,000 average-sized apartments in the Estonian capital, Tallinn.”
Estateguru’s CEO, Daniil Aal said the company — marking its 12th year this year — has had the Baltics “as its home market from the very beginning, and the majority of transactions have taken place here.”
As noted in the update:
“Considering that prices used to be significantly lower, the actual impact is even greater. In total, more than 2,700 different projects worth €700 million have been financed in the Baltics through our platform. Of this, €600 million has already been repaid, and investors have earned an additional €72 million in returns.
Aal adds:
“While digital lending platforms still represent a modest share of the overall real estate lending market, the trend is clearly upward. Cumulatively, the amounts channeled through these platforms are becoming increasingly significant.”
Mihkel Eliste, valuation and analyst at Uus Maa Real Estate, predicts that the future growth of crowdfunding will primarily come from existing real estate developers.
“The property market is highly competitive in the Baltics, and there are few new small- or medium-sized developers entering the field. Since access to traditional financing can be limited for smaller players, crowdfunding is becoming a key factor in the functioning of the real estate market. It often provides solutions in cases where, due to regulatory or risk management reasons, traditional credit institutions refuse to issue loans. Yet, thanks to crowdfunding, many such projects have been successfully completed.”
To demonstrate the impact of crowdfunding, Aal highlights a project in Estonia, where “a 150-year-old red-brick building, known locally as Beti ait, was restored and transformed into luxurious loft apartments.”
These kinds of projects showcase how cross-border investment capital, including significant “participation from Central European investors, can stimulate local development while also offering portfolio diversification and stable returns.”
In this way, Estateguru connects European investors with “tangible, property-backed opportunities that contribute to better urban environments across the Baltics.”
To date, Estateguru has paid out more than €94 million in interest to its investors, indicating that real estate crowdfunding can “generate real returns while supporting tangible development across borders.”
Looking ahead into the foreseeable future, Aal estimates that the total volume of projects financed via Estateguru in the Baltic real estate market “will reach around €70 million in 2025.”