Trusters Collection Grows by 25% with 80% of Loans Repaid on Due Date

Trusters, a crowdfunding lending platform controlled by CrowdFundMe and specialized in real estate investments, has made available the new Investor Report, updated to 06/30/2024.

The document aims to analyze the performance of Real Estate projects, providing a comprehensive overview useful to investors.

Overall, with reference to the 262 completed projects, investments for a total of €40.29 million were raised, with a growth of 25.0% in the first half of 2024.

The returns

Total repayments of completed projects amount to €43.34 million, with €8.48 returned in H1 2024. The overall average interest is 8.07%, and the overall weighted average variation was -0.66%.

The majority of projects launched on Trusters (80.15%) were completed within the expected date, generating returns for a total of €35.36 million and an average interest of 9.47%.

The extensions

8.02% of Trusters projects were extended, with total repayments of €3.17 million and an average interest rate of 12.73%.

11.45% of the projects were concluded in extra extension, with total refunds of €4.8 million and an average capital loss of -3.37%.

The projects concluded without repayment have not undergone any changes, only one project concluded in default remains recorded.

Current projects

For projects still in progress, the total investments raised is €23.95, the majority of which (67.31%) do not foresee delays, while 9.62% are in extension and 23.08% are in a state of extra extension.

The changes compared to H2 2023 show a reduction of 10 projects without delay and a decrease of €1.17 million in funds raised, while the projects in extension increased by 8 units and €1.51 million. The projects in extra extension increased by 3 units and €1.20.

Overall, the total number of ongoing projects on Trusters increased by 1, with an increase of €1.54 million in funds raised.

The extra extension status refers to still open projects that have exceeded the extension period and have accrued debts to Trusters investors.

Trusters’ principals

Trusters is active in monitoring and reporting even of companies in extra extension by using external lawyers and consultants to best assist its investors.

Since 2023, the audit and financial reporting processes of the Issuers promoting the initiatives have been further strengthened.

Stringent selection procedures have also been introduced through Modefinance, which provides a third-party and independent financial rating through a company with authoritative and proven experience in the sector.

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(Featured image via Pixabay)

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First published in Crowdfunding buzz. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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