Edited on 30/06/2022 / Total invested: 2.600€
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PROS
- 11-19% annual interest rate
- Autoinvest easy to use
- Site in several languages
CONS
- Delays in many projects and slow recovery
- 2% secondary market sales commission
- Unaudited published annual accounts
- Supposedly secured investment with mortgage, but in some cases not applicable
MY EXPERIENCE
- I can’t wait to get off this platform
- Impossible to sell my projects on the secondary market. Nobody is interested in them, despite the discount offered. In addition, because it is in the courts, they have been blocked
CROWDESTATE general features
| Country of origin | Estonia |
| Year founded | 2014 |
| Guarantees | Mortgages, sometimes not applicable |
| Autoinvest | YES |
| Secondary market | YES, 2% commission to seller |
| min-max investment | From 100€. No upper limit |
| Return estimated | 11-19% p.a. |
| Investment periods | 6-36 months |
| Support rating | 7 / 10 |
| Official supervision | YES, by EFSA (Estonian Financial Supervision Authority) |
CROWDESTATE latest news
| 02/05/2022 | The third Baltic Forest auction was another fiasco. Crowdestate has denounced some members of the company’s board |
| 09/03/2022 | The second auction was unsuccessful. The project will be auctioned in parts |
| 11/01/2022 | After the failure of the first auction, there will be a new auction in February |
| 29/12/2021 | The first auction did not attract any interested parties |
| 30/09/2021 | New statement from Baltic Forest’s insolvency administrator: the valuation of the project has been completed, the first auction will take place in October or November and he expects to sell the property this year |
| 07/07/2021 | Crowdestate has updated the status of the Baltic Forest project. Real estate assets are still to be evaluated to determine the total value |
| 07/07/2021 | Crowdestate becomes a regulated European payment institution |
| 05/05/2021 | Crowdestate status update. More details here |
| 15/02/2021 | Bankruptcy Committee to handle more than €33 million of Baltic Forest Group’s debt |
| 04/01/2021 | Publication of overall results 2020: 81 projects published, 2 unpaid, 32 delayed |
| 29/12/2020 | 4 trustees appointed to Baltic Forest bankruptcy committee |
| 30/11/2020 | Baltic Forest declares bankruptcy |