Trusters Reaches 185 Returned Projects for 27 Million

Trusters, a subsidiary of CrowdFundMe specializing in real estate investments, has made available its new Investor Report. The document aims to analyze the performance of Real Estate projects, providing a comprehensive overview, useful for investors.

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Point-in-time returns of Trusters

A total of €27,027,765, including €24,956,350, was returned in reference to the 185 completed projects, with an overall average interest rate of 9.06 percent.

The platform, since its debut in 2019, has raised more than 45 million by financing 286 real estate projects for loans with an average term of 13 months.

Of the 185 loans repaid, 152 (82%) fully met their maturity terms, while 32 (17%) exceeded their maturity date. Only 1 went into default.

The amount of loans returned without default was €20.34 million, had an average term of 10 months, and had involved an average of 134 investors, each of whom had invested an average of just over €1,000.

The analysis of loans returned in arrears

As for the 32 loans returned late, the consideration amounted to €4.4 million and their original average duration was 18 months, while the average delay was quite high: 7 months.

Delays are more concentrated for loans contracted in 2020 and 2021 (26 out of 32), and, in fact, 42% cite Covid as the reason for the delay, while 38% cite delays in work.

The majority of ongoing projects (77.23%) have no delays, while 5.94% have experienced delays and 16.83% are in an extra extension status. Extra extension status refers to projects that are still open and have exceeded the extension period and have accrued debts to Trusters investors.

Of these 17 collections, 12 are represented by 3 issuers who started and ended campaigns between 2020 and 2021. To better assist its own in cases of extra extension, Trusters employs the law firm Sciumé.

In addition, since 2023, the audit and financial reporting processes of the initiative-promoting Issuers have been further strengthened by introducing stringent selection methods, including by means of Modefinance, which provides an independent third-party financial rating.

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(Featured image by Mathieu Stern via Unsplash)

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