Crowdestor Account Information

Crowdestor Account Information

 

Excerpt From The Full February 2020 Monthly Update

 

Crowdestor

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Crowdestor Account Screenshot 1 - Feb 2020 P2P Lending Update   Crowdestor Account Screenshot 2 - Feb 2020 P2P Lending Update

 

Crowdestor took a lot of heat after the Envestio debacle and they have come through it very well. Some of their projects have been pulled apart by nervous investors and, so far at least, have stood up to the extra scrutiny. This is all good for the rest of us investors. At least we’re not laying awake at night wondering if the projects are real. 

XIRR increased a little bit from 15.75% in January to 16.16% in February. Certainly can’t complain about Crowdestor projects delivering these types of returns. Hopefully this continues into the future.

Crowdestor also keep adding new projects to the mix. Often the projects seem a little strange for a P2P platform. like the Warhunt Movie I picked up a bit of in February (just a couple of hundred Euros). This loan pays 18% returns to start, plus a possible 12% more in “success fees” if movie exceeds its targets (that’s 30% returns). This stars Mickey Rourke as one of the leading actors, a very well known celebrity.

Although the movie doesn’t pretend to be some Hollywood blockbuster, it appears to have good backing, and the story sounds intriguing enough. It will be interesting to watch how it progresses. I always liked Mickey, especially in The Wrestler 🙂

You can read more about Warhunt here

Crowdestor Warhunt Movie Screenshot - Feb 2020 P2P Lending Update

 

Crowdestor Signup & Cashback Offers

No cashback offers from Crowdestor this month. 

Use this link to check for new offers or to signup with Crowdestor >>> 

 

Excerpt From The Full January 2020 Monthly Update

Crowdestor

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Crowdestor Screenshot 1 - January 2020 Update

 

Crowdestor was one of the first platforms scrutinized after the Envestio situation, and so far they have seemed to handle things very well and professionally. The difference here is that Crowdestor doesn’t have a secondary market or buyback guarantees (they do have a buyback “fund”, if the loan defaults, but they don’t purchase loans back just because someone asks). So in effect Crowdestor can’t be victim to a bank run as investors must wait to withdraw their capital providing their loans are current and not in default. The problem will be here is if investors don’t invest into new Crowdestor loans, as that would minimize profits for the platform in the long run. Hopefully that won’t happen

XIRR was down a little bit from 16.08% in December to 15.75% in January. This was just because I had a huge jump in income in December due to a project I invested into in March called “Biomass Boiler House” which paid a balloon payment of €93.16. Now things are back to normal I expect XIRR to come down again to around 15%.

 

Crowdestor Signup & Cashback Offers

No cashback offers from Crowdestor this month. 

Use this link to check for new offers >>> 

 

Excerpt From The Full December 2019 Monthly Update

 

Crowdestor

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Crowdestor Account Screenshot for December 2019 P2P Lending Update

Crowdestor Monthly Income Chart

Crowdestor had a huge jump in income in December. This was due to a project I invested into in March called “Biomass Boiler House” which paid a balloon payment of €93.16 in December. With this project, for first 6 month interest payments were not paid but capitalized and paid in a bullet payment together with the Loan principal payment after the first 6 month period. Moving forward payments will be monthly. Payments on other projects were as normal.

XIRR also jumped from 13.39% in November to 16.08% in December because of the above payment. 

 

Crowdestor Signup & Cashback Offers

No cashback offers from Crowdestor this month. Who needs cashback when you can average over 16% on your investments!

If you’re interested in giving Crowdestor a try, please click here to go to their website >>> so they know I sent you.

 

 

Excerpt from the Full November 2019 Monthly P2P Lending Update

 

November 2019 Monthly Update

 

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Crowdestor had the best income month yet in November. XIRR also popped back up from 12.87% in October to 13.39% in November. These small changes are really just based on when I take the readings and payments are made into the account.  Some of the loan payments still haven’t kicked in yet so hopefully XIRR will rise even more down the road. 

 

Crowdestor Signup & Cashback Offers

No cashback offers from Crowdestor this month.

If you’re interested in giving Crowdestor a try click here to go to their website >>> so they know I sent you.

Crowdestor Account Screenshot for November 2019 P2P Lending Update

 

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October 2019 Monthly Update

 

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Crowdestor XIRR decreased a little again from 13.16% in September to 12.87% in October. I believe this is due to the fact that I took the numbers early in the morning on the 31st so some of the repayments had not come in. By the time I had finished the update on the 31st (evening), the account balance had increased a bit.  Also some of the loan payments still haven’t kicked in yet so hopefully XIRR will rise even more down the road. 

 

Crowdestor Signup & Cashback Offers

No cashback offers from Crowdestor this month.

If you’re interested in giving Crowdestor a try click here to go to their website >>> 

 

Crowdestor Account Screenshot 1 - October 2019 Update

 

 

 

 

September 2019 Monthly Update

 

Crowdestor

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Crowdestor XIRR decreased a little from 13.78% in August to 13.16% in September. Income is still in the normal range though so the small decrease is just based on the timing of when I took the account balance numbers. Some of the loan payments still haven’t kicked in yet so hopefully XIRR will rise even more down the road. 

Crowdestor Signup & Cashback Offers

No cashback offers from Crowdestor this month.

If you’re interested in giving Crowdestor a try click here to go to their website >>> 

Crowdestor Account Screenshot - August 2019 Peer to Peer Lending Update 1

 

 

 

August 2019 Monthly Update

 

CROWDESTOR

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Crowdestor Account Screenshot for Peer to Peer Lending Update - August 2019 1

 

I started to see some more loan payments kicking in from Crowdestor in August. XIRR jumped from 11.73% in July to 13.78% in August. Some of the loan payments still haven’t kicked in yet so hopefully that will rise even more down the road.

I sent over another €1,000 and picked up 2 more loans and reinvested the interest which had come in.

 

 

Here is a list of my current investments with the last 2 loans made in August:

 

 

Crowdestor are one of the best options for high returns. If you’re interested in giving Crowdestor a try, click here to go to their website and see current offers!

 

 

 

 

July 2019 Monthly Update

 

CROWDESTOR

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Crowdestor Account Screenshot for Peer to Peer Lending July 2019 Update 1

 

Not much to report on Crowdestor in July, although I did write an initial review on them if you’re interested in taking a look.

I reinvested a little bit of interest which had come in, but I didn’t send any more euros over there yet. I didn’t really have chance as I only changed some from USD right at the end of July. I’m still watching them but so far, so good. I’ll likely send a few more Euros over there soon and pick up some more loans.

XIRR on Crowdestor has gone from 10.80% in June to 11.73% in July which is promising, although I expect it to be a lot higher once some of the loans are repaid. Remember that a couple of the loans don’t even start paying interest for 6 months.

 

Here is a list of my current investments:

Crowdestor Account Screenshot for Peer to Peer Lending July 2019 Update 2

 

Crowdestor are one of the best options for high returns. If you’re interested in giving Crowdestor a try, click here to go to their website and see current offers!

 

 

 

 

June 2019 Monthly Update

CROWDESTOR

 

Crowdestor Account Screenshot for June 2019 Peer to Peer Lending Update

Crowdestor Loan LIsting Screenshot for June 2019 Peer to Peer Lending Update

 

Not a great deal to update you with on Crowdestor this month. I reinvested the interest I had earned into another loan as you can see at the top of the list above. Apart from that, everything seems to be on schedule. As soon as I get some more euros, I’ll be picking up a bunch more of Crowdestor’s loans.

Detailed information on their loans is public and can be seen on Crowdestor’s website

 

If you’re interested in giving Crowdestor a try, click here to go to their website and see current offers!

 

 

May 2019 Monthly Update

 

CROWDESTOR

No review yet

Crowdestor Account Screenshot for May 2019 Update 1

 

I picked up 4 more loans in May from Crowdestor. Putting around €1000 into each loan. Not great diversification, however Crowdestor provide a buyback fund for some of their loans, so I figure the only way I’m going to lose a lot of money on a loan is if Crowdestor go broke, and then all of the loans default. Unlikely but could happen, hence the 16.9% rate of return. The buyback fund is still small but will hopefully grow moving forward.

These high-paying euro loans are not as frequently available as some of the lower paying loans, so you have to trust that the lender has done their due-diligence and can honer their buyback fund and use less diversification.

 

Crowdestor Account Screenshot for May 2019 Update 2

 

 

To highlight a couple of the loans I bought.

The first is for a Hostel Renovation in Riga, Latvia (so local to where Crowdestor are situated, so they can keep an eye on the loan). The loan is paying 15% returns, and the best part? It has a 10% LTV (Loan to Value ratio)! Compare that to all my raving about Kuflink and Loanpad loans who have some at around 30%, which is still very, very low.

The loan documents all seem in order, and if that 10% LTV can be enforced, which I assume it can, then literally if the borrower were to default, the building would need to lose 90% of its value before Crowdester would have to worry about losing capital.

There are obviously the risk factors of Crowdestor being a young company, and the fact that Crowdestor and the borrower are located in another country (unless you live in Latvia of course). But that’s what we’re getting the 15% return on our investment for with this loan.

 

Crowdestor Hostel Renovation Opportunity Screenshot for May 2019 Update

 

Detailed information on this loan is public and can be seen on Crowdestor’s website

 

The second loan is a for a Biomass Boiler House. Again based in Latvia, in Olaine this time.

This project pays 18.5% interest, is for 18 months, and is secured by a grantee from the borrower SIA Olaines Enerģija, a large Cogeneration management company (kind of like a private electricity provider).

The loan is again covered by the Crowdestor Buyback Fund for another level of security.

 

Crowdestor Biomas Boiler House Opportunity Screenshot for May 2019 Update 2

Detailed information on this loan is public and can be seen on Crowdestor’s website

 

 

 

How about a UK based loan at 16%?

If you’re UK based and worried about lending on assets in other countries, even if they do have wonderful LTV’s, how about a loan in the UK?

Here’s a loan to a UK company for expanding its fleet of gas powered vehicles at 16% returns for a 12 month loan. The loan is once again covered by the Crowdestor Buyback Fund.

Crowdestor Increase of Fleet Opportunity Screenshot for May 2019 Update

Detailed information on this loan is public and can be seen on Crowdestor’s website

 

If you’re interested in giving Crowdestor a try, click here to go to their website and see current offers!

 

May 2019 Monthly Update

 

 

CROWDESTOR

No review yet

Crowdestor Account Screenshot for April 2019 Update 1.1

 

 

Crowdestor is a euro lender I have been watching for around a year now. They have some short term (typically 3 to 24 months), very interesting loans with small & large European borrowers (typically businesses). Crowdestor provides a buyback guarantee on its loans should they default.

Crowdestor are really focused on loan security and looking after their lenders it appears. First of all, each loan is secured against some type of asset with decent LTV’s. Then should the sale of the asset fall short, Crowdestors’ buyback guarantee should cover the shortfall.

That’s all providing Crowdestor is still in business of course. So far, it seems to me they are relativity careful and have good experience in the lending market. Still a young company with associated risks, however I think they’ll do well.

You’ll notice in the screenshot above, I was only able to get into 1 loan in the few days I had an account with Crowdestor. It’s an 18% return loan with a company called INCH2. You can see below for more info on this opportunity.

Crowdestor Account Screenshot for April 2019 Update 5

 

 

The thing is with many of the high-return euro lenders, the loans go very fast. This was the only loan available for investment at the time of publishing this update!

Crowdestor Account Screenshot for April 2019 Update 2

Crowdestor Account Screenshot for April 2019 Update 4 Crowdestor Account Screenshot for April 2019 Update 3

 

If you’re interested in giving Crowdestor a try, click here to go to their website and see current offers

 

 

 

 

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