.avif)
Estateguru and Reental are not equivalent products. Estateguru (Estonia) makes loans backed by property from €50, appears as no. 5 in the CNMV list of European providers (it is supervised by Estonia, not the CNMV) and has financed only in the Baltics since 2023; its website acknowledges losses on its German loans of 2021 and 2022. Reental offers tokenised stakes from €100, is not in the CNMV register, and its exit depends on another user buying. Neither guarantees your capital.
Platform data reviewed on 3 November 2026 (the Estateguru and InRento websites and the CNMV list of European providers were re-read on 4 November). Reental figures as of 4 November 2026, provided by the company. Reental is one of the two parties compared and declares its conflict of interest: that is why every figure carries a source and a date, and why we say what we could not verify.
What is Estateguru?
Estateguru is an Estonian real estate crowdlending platform. Investors lend money to borrowers who put up a property as security, in exchange for interest. It is debt: the investor does not own the property. According to its investor FAQ, "Every loan is backed by a physical, independently valued asset" and "the protection here comes from the mortgage, not an insurance fund". The minimum investment is €50.
Its website says it has held a pan-European licence since 2023 and that it is supervised by Finantsinspektsioon, the Estonian financial authority. The CNMV does not supervise it in Spain, but it does appear in the CNMV list of European providers that offer services in Spain as no. 5 (ESTATEGURU OÜ, since 1 June 2023), according to the list consulted on 4 November 2026.
It declares €958 million financed, 160,023 investors and €100.3 million in interest paid (no cut-off date) and more than 13 years of activity, according to its statistics. It adds that 97% of loans financed since 2023 are repaid or performing to schedule (October 2026). These figures are self-declared.
Reental vs Estateguru, point by point
Estateguru pays out interest on loans secured by property. Reental pays out income from tokenised property projects, under a different legal framework and with an exit that is not guaranteed. The table shows what each one publishes, with dates. The figures are not measured the same way, so we do not subtract one from the other.
| Aspect | Estateguru | Reental |
|---|---|---|
| What you buy | A loan backed by a property (Estateguru FAQ). | Tokens representing stakes in property projects. In the US, interests in an LLC that owns the property; in Spain, tokenised securities representing credit rights under a participating loan (Reental FAQ). |
| Where the property is | Since 2023, all new loans are in the Baltics. In 2021 and 2022 there were loans in Germany (Estateguru website, 4 November 2026). | Projects in the US and Spain; website examples: Miami 7 and Madrid 7. |
| Minimum investment | €50 (Estateguru website). | €100 (1 token = €100), according to Reental. |
| Published return | The website gives no average. EG Grow advertises a fixed 7%. Historical return of 9.47% as of 8 May 2026, according to Finantres. | Average historical IRR of 16.5%, a figure declared by Reental as of 4 November 2026. Estimated per project: 9.5% to 12% a year on the cards visible at reental.co/properties on 3 November 2026. These are different kinds of measure from Estateguru's. |
| Income payments | Interest according to the terms of each loan. | Monthly, in USDT, with an option to reinvest (reental.co). |
| Term | Average of 14 months on loans issued, according to Finantres (8 May 2026). | Depends on the project. One website example: 8 months for Madrid 7. |
| Published losses and arrears | The website acknowledges investor losses on the German loans of 2021 and 2022. Finantres (8 May 2026): 0.52% late, 1.06% failed, 3.48% in recovery. | Reental declares that it has no public incidents (4 November 2026). We did not find a default table like Estateguru's on the pages we reviewed. |
| Investor fees | Several, according to its official price list in force since 1 November 2025 (see the fees section). | See reental.co |
| Legal framework | European licence supervised by the Estonian authority; no. 5 in the CNMV list of European providers (1-6-2023). Not supervised by the CNMV. | Reental is not a crowdfunding platform authorised by the CNMV and does not appear in its register of crowdfunding service providers (checked on 3 November 2026). According to the company's legal documentation, its product does not require that authorisation. This means that investors do not have the specific safeguards of Regulation (EU) 2020/1503 (for example, the knowledge test, the loss simulation and the reflection period), and that their holding is not backed by any crowdfunding supervisor. |
| Deposit or investment guarantee | No: "Crowdfunding is not covered by EU deposit guarantee or investor compensation schemes" (Estateguru website). | None found on the pages we reviewed. Its risk warning refers to total or partial loss of capital. |
| Exit before maturity | Secondary market with a 1% fee for the seller; not a guaranteed exit (Finantres). | Direct sale to another user on the platform. Not guaranteed: it depends on there being a buyer. |
| Scale (self-declared) | €958 million financed and 160,023 investors, no cut-off date. | About €106.9 million (approx. $124 million) tokenised across 128 projects, according to Reental on 4 November 2026. A different measure from Estateguru's. |
| Access from Spain | Appears in the CNMV list of European providers. Its website does not list the countries of residence accepted: confirm before registering. | Spanish residents: 19% withholding tax already applied, according to the website. |
Reental's portfolio as of 4 November 2026
According to the data Reental provides, 77 projects are live, adding up to about €87 million (approx. $101 million). Of these, 50 are operating, 20 under renovation, 6 under construction and 1 in financing: Miami 7, with $1.19 million raised of $2 million (59.7%). The 51 closed projects add up to about €19.9 million. Reental declares that it has no public incidents. These are company figures, not audited by third parties.
Baltic loan or tokenised stake: which risk you take on
At Estateguru the main risk is that the borrower does not repay and that, when the property is enforced, the sale price does not cover what is owed. At Reental it depends on the structure of each project (property in the US, participating loan in Spain) and on a buyer appearing for your tokens. These are different risks and neither is covered by a public guarantee.
With a loan, the gain is capped: it is the agreed interest, with a term set at the outset (14 months on average according to Finantres). The property reduces the loss if the borrower fails, but its value on enforcement is not assured: Estateguru acknowledges in its FAQ that the protection comes from the mortgage, not from an insurance fund. If the market cools, as it did in Germany, the security is worth less than expected.
There is another point. According to Finantres, Estateguru's official statistics show Spain as a closed market (8 May 2026) and the active markets are Estonia, Latvia and Lithuania. Someone investing from Spain is therefore lending against property in other countries. At Reental, the projects shown on its website are in the US and Spain, and the page for each one describes its structure.
The German losses and Estateguru arrears
Estateguru acknowledges on its website that some German loans from 2021 and 2022 were not repaid on time and that investors have incurred losses ("some loans could not be repaid on time, and investors have incurred losses"). The website adds that recovery is continuing and that the courts make it slow.
Alternative Credit Investor reported in February 2025 a warning from the platform: it expected losses on that portfolio because the German market remained weak, with stalled construction and deteriorating properties, and wrote that "forced sales will result in some losses". According to the same outlet, Estateguru had paused new lending in Germany in January 2023, was putting about €100,000 a month of its own capital into recoveries (more than €1.1 million in 2024) and thought it unlikely to recover more than the sale price, because many borrowers are single-project companies with few assets.
There is no official overall arrears figure. The one in circulation is from Finantres, as of 8 May 2026, and is a press reading of the platform's statistics:
| Loan status (Finantres, 8 May 2026) | % of loans |
|---|---|
| Repaid | 79.53% |
| Recovered after problems | 6.61% |
| In recovery | 3.48% |
| Late | 0.52% |
| Failed | 1.06% |
| Cumulative capital recovered | €68.47 million (an amount, not a percentage) |
By contrast, the official Estateguru website only gives the figure of 97% of loans repaid or performing for those financed since 2023, in October 2026. The German loans of 2021 and 2022 are outside that figure. Reental declares that it has no public incidents (company data as of 4 November 2026). That is not an arrears rate and is not equivalent to Estateguru's figures.
Estateguru returns: what each figure measures
The Estateguru website does not publish an average return for the whole platform. Finantres cites a historical return of 9.47% as of 8 May 2026 (with an average LTV of 62.90% and a term of 14 months), and the managed EG Grow product advertises a fixed 7% with reinvestment (Estateguru website). The 97% on the website measures something else: loans since 2023 that are repaid or performing. We do not know the methodology behind the 9.47%, or whether it deducts fees or the German losses. Past returns are not a reliable indicator of future ones.
Reental declares an average historical IRR of 16.5% (as of 4 November 2026). It is a company figure and a different kind of measure: a historical aggregate of projects, not the interest on a loan or an average calculated by a third party. We do not say whether it is gross or net because the figure provided does not specify. For that reason we do not set it next to Estateguru's 9.47% or 7%, and we do not calculate a difference between them.
What Estateguru charges, according to its price list
We read the official price list on 4 November 2026 (in force since 1 November 2025). These are the costs that fall on the investor:
| Item | What the list says |
|---|---|
| Investing on the primary market | No fee. |
| Management fee | 0.083% of outstanding performing principal, up to a maximum of €100, charged on actual returns. It does not apply to late or defaulted loans and is not charged if 25% of the month's returns is less than the calculated fee. Check the list for the exact frequency. |
| Withdrawal | €3 each time money is withdrawn from the virtual account. |
| Inactive account | €10 a month if there is a positive balance; rises to €50 a month after the first year of the fee period. |
| Interest spread | 0% to 2%, withheld by the operator before interest reaches you; shown in each project description. |
| Sale on the secondary market | 1% of the transaction amount, paid by the seller; the buyer pays no fee. |
Finantres, in its October 2026 article, cites a passive management fee of 0.05% a month capped at €50 and inactivity after 12 months without new investments. Those figures do not match the official list we read, so always use the one currently in force on the Estateguru website. Another source we consulted mentions 2% on the secondary market, which does not match the list either.
Terms and liquidity: when you get your money back
At Estateguru you get your capital back when the borrower repays the loan, on average after 14 months according to Finantres. There is a secondary market (1% for the seller), but Finantres warns that it is not a guaranteed exit and that selling a loan with problems may force you to accept a lower price. At Reental you can try to sell your tokens to another user on the platform, but nothing guarantees a buyer, a price or a timeframe.
If an Estateguru loan is late, its FAQ says its in-house recovery team manages the whole process, and those processes can be long, as the German ones show. Money you may need in the next two years does not fit well with either.
Who supervises each one
Estateguru operates under a European crowdfunding licence and is supervised by Finantsinspektsioon (Estonia); its Finnish and Lithuanian subsidiaries appear with the supervisors of those countries, according to its website. Being in the CNMV list does not mean the CNMV supervises it: the list covers European providers that offer services in Spain and are supervised by the authority of their own country.
Reental is not a crowdfunding platform authorised by the CNMV and does not appear in its register of crowdfunding service providers (checked on 3 November 2026). According to the company's legal documentation, its product does not require that authorisation. This means that investors do not have the specific safeguards of Regulation (EU) 2020/1503 (for example, the knowledge test, the loss simulation and the reflection period), and that their holding is not backed by any crowdfunding supervisor. Keep this in mind before comparing figures.
Can a resident of Spain invest in Estateguru?
The Estateguru website does not list the countries of residence it accepts (checked on 4 November 2026), so we cannot say from the official source that investing from Spain is possible. What is on record is that it appears in the CNMV list of European providers that offer services in Spain. Finantres says that the closure of the Spanish loan market "does not mean that a resident of Spain cannot use the platform" (our translation), but that is a press reading, not a confirmation from Estateguru. Confirm with Estateguru that your country of residence is accepted before registering and sending money.
Which investor each one suits
Neither wins on everything; this is not personal advice. Estateguru suits you if you want to lend against property from €50 and accept that the properties are in the Baltics, that there are acknowledged losses on older loans, and that there are several fees to read carefully. Reental suits you if you want a tokenised stake in property projects from €100, with monthly USDT payments, and accept that its legal framework is not that of a crowdfunding provider, that liquidity depends on another user buying, and that its average historical IRR is not comparable with the interest on a loan.
The two can sit in the same portfolio, each with an amount you are prepared to lose in full.
Estateguru vs InRento and other alternatives
InRento, another Baltic mortgage-loan platform in the same CNMV list (no. 45, 23 February 2026), asks for a €500 minimum and publishes 0% of projects in arrears with no methodology; the full analysis is in Reental vs InRento. For a platform registered with the CNMV as a Spanish provider, see Reental vs Civislend. The overview of the best real estate crowdfunding platforms covers all the options with their figures.
Frequently asked questions
What is the difference between Reental and Estateguru?
Estateguru makes loans backed by property, from €50, with properties in the Baltics since 2023, and is supervised by the Estonian authority. Reental offers tokenised stakes in property projects from €100, with monthly USDT payments and direct sale to another user on the platform. Estateguru appears in the CNMV list of European providers (no. 5). Reental is not in the CNMV register.
Is Estateguru reliable?
It has held a European crowdfunding licence since 2023, is supervised by Finantsinspektsioon and publishes portfolio statistics. It also acknowledges on its website that investors have incurred losses on the German loans of 2021 and 2022. Investments are not covered by any deposit or investor compensation scheme, and capital is not guaranteed.
Can you invest from Spain in Estateguru?
It appears in the CNMV list of European providers that offer services in Spain (no. 5, since 1 June 2023), consulted on 4 November 2026. Its website does not list the countries of residence it accepts, so confirm with the platform before registering. According to Finantres, the closure of its loan market in Spain does not stop a resident from using it, but that is not a confirmation from the platform. Since 2023 its new loans have been in the Baltics.
What return does Estateguru offer?
Its website does not publish a platform-wide average. Finantres cites a historical return of 9.47% as of 8 May 2026, and the managed EG Grow product advertises a fixed 7%. The average historical IRR of 16.5% declared by Reental is a different kind of measure and is not directly comparable. Neither is a promise of future returns.
What fees does Estateguru charge?
According to its price list in force since 1 November 2025: €3 per withdrawal, 1% to the seller on the secondary market, a 0.083% management fee capped at €100, €10 a month for an inactive account and an interest spread of 0% to 2%. Investing on the primary market carries no fee. Finantres' figures differ on some items, so check the current list.
What happened to Estateguru's German loans?
Estateguru financed loans in Germany in 2021 and 2022 and paused new ones in January 2023. Its website acknowledges that some were not repaid on time and that investors have incurred losses, and that recovery is slow because of court involvement. In February 2025 it warned, according to Alternative Credit Investor, that forced sales would result in losses.
What is the minimum investment at Reental and at Estateguru?
At Reental, €100 (1 token = €100), according to the company. At Estateguru, €50, according to its website.
Can I sell my investment before maturity at Estateguru or Reental?
Estateguru has a secondary market with a 1% fee for the seller, but it is not a guaranteed exit and may force you to accept a lower price (Finantres). At Reental you can sell to another user on the platform, but a buyer, a price and a timeframe are not guaranteed.
Is Reental authorised by the CNMV like Estateguru?
No. Estateguru holds a European crowdfunding licence supervised by the Estonian authority and appears in the CNMV list of European providers (no. 5), although the CNMV does not supervise it. Reental is not a crowdfunding platform authorised by the CNMV and does not appear in its register of crowdfunding service providers (checked on 3 November 2026). According to the company's legal documentation, its product does not require that authorisation. This means that investors do not have the specific safeguards of Regulation (EU) 2020/1503 (for example, the knowledge test, the loss simulation and the reflection period), and that their holding is not backed by any crowdfunding supervisor.
Risk warning
Investing in real estate loans or stakes can mean the total or partial loss of your capital, a lack of liquidity and not achieving the expected return. Past returns do not guarantee future ones. Neither Estateguru nor Reental offers a capital guarantee, and this page is not financial, tax or legal advice: consult a professional before investing. Reental is one of the parties compared in this text. Reental's figures are data provided by the company (4 November 2026); third-party figures are self-declared by each platform or come from the press, and are subject to change.
Sources
- CNMV, list of European crowdfunding service providers (2026-11-04): Estateguru OÜ no. 5 (01/06/2023) and InRento no. 45 (23/02/2026); supervision by the home-country authority.
- CNMV, PSFP register (2026-11-03): Reental is not in the register of crowdfunding service providers.
- Estateguru, investor FAQ (2026-11-04): Minimum €50, licence, supervision, Baltics since 2023, losses in Germany, no deposit guarantee, EG Grow 7%.
- Estateguru, portfolio statistics (2026-11-04): €958 million financed, 160,023 investors, €100.3 million in interest, 97% repaid or performing since 2023.
- Estateguru, price list (2026-11-04): Investor fees in force since 01/11/2025.
- Finantres, Estateguru (2026-05-08): Return 9.47%, LTV, term, portfolio status, Spain as a closed market (updated 19-10-2026).
- Alternative Credit Investor, Estateguru warns of losses on German portfolio (2025-02-13): Warning of probable losses on the German portfolio; pause in January 2023.
- Reental, FAQ (2026-11-03): Structure by country, direct sale to a third party on the platform.
- Reental, projects (2026-11-03): Estimated returns of 9.5% to 12% on the visible cards.
- Reental, home page (2026-11-03): Monthly USDT payments, 19% withholding tax for Spanish residents.
- Reental, data provided by the company (2026-11-04): Minimum €100, average historical IRR 16.5%, €106.9 million across 128 projects, 77 current, 51 closed, no public incidents declared.
