Gathering data

Bulkestate Review

Bulkestate Statistics

EE
  • Business name: Bulkestate
  • Legal name: OÜ Bulkestate
  • Jurisdiction: Estonia
  • Type: Crowdfunding
  • Average score:
    0 / 5
Promised annual return

14.6 %

Sneakypeer scoring

6.0

Transparency

65%

Secondary Info
  • Total invested: €25.9M
  • Buyback guarantee: No
  • Secondary market: No
  • Licensed: Yes
Loan Types
Mortgage loans
Real estate loans
Main loan type

Bulkestate Description

Board & Team

The platform provides information about the team on their webpage. The team is made of professionals who have academic backgrounds related to the industry. The team has experience in the real estate and financial sectors.

Conclusion

Bulkestate, a Estonian based platform with having almost all the projects in Latvia offers 14.61% promised return. The platform’s team is made of professionals with academic and previous career experience related to the industry. There is only the financial statements of 2019 available, which shows that the platform did not have liquidity problems in 2019. The platform provides autoinvest and withdrawal opportunities to investors. There is  personal guarantee and collateral to the payment of loans.

Platform’s Score and Uniqueness

The platform offers an autoinvest feature and the option to withdraw, but not the secondary market. Bulkestate offers a promised return of 14.61% with the opportunity to diversify the investment. The promised return is above the market average return and it is not justified on their web page. There is no buyback guarantee, however the platform offers personal guarantee and collateral to the payment of loans.

General Information

Bulkestate is an Estonian based crowdfunding platform, founded in 2016. The platform is supervised by government authority, however, it does not have an Investment Brokerage/ Crowdfunding licence. Bulkestate offers two types of loans: mortgage and real estate loans-projects. To date, more than EUR 25 million has been invested through the platform, and almost all the projects were located in Latvia.

Financial Analysis

Bulkestate does not publish its annual reports, statistics and historical loan books on their webpage. There is only the annual report for 2019 available on the official state database. It is important for investors to see financial figures and the platform's performance to make sound decisions. Therefore, it would be good if Bulkestate shares its performance figures, annual report and historical loan books that can be used for risk analysis by investors. Looking at the financial ratios, it can be said that the platform had a good quick ratio, more than one meaning had enough current assets to meet its short term obligation. The return asset was low and the platform relied more on equity rather than debt.