‘EstateGuru’ appoints new manager in Latvia

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“We see a need as well as a growing demand for alternative financing worldwide, and EstateGuru aims to become the largest real estate financing platform in Europe by 2025,” quoted Michael Stamm, CEO of EstateGuru. He also stressed that EstateGuru is currently on the path to significant development in geographic expansion and capital markets.

Mežapuķe is a professional in the real estate and banking industry, with more than seven years of experience in the corporate clients and real estate departments of “Rietumu banka”. In recent years, working as the executive director of one of the largest luxury residential development companies in Latvia “R.Evolution City”.

“I consider it my mission to educate market participants about the opportunities offered by reliable alternative financing. Our business, real estate development and short-term loans will help many SMEs and young entrepreneurs to build their business, while giving investors the opportunity to invest in mortgages. , “quoted Wildflower.

In Latvia, loans in the amount of 37 million euros have been financed through the “EstateGuru” platform and the number of registered investors is the fourth largest after Germany, Estonia and Lithuania.

Since its inception in 2014, EstateGuru has been financing projects in seven countries.

To date, the platform has attracted more than € 235 million in funding and 57,000 registered investors have earned € 17 million in interest payments.

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