Bulkestate is Latvian-based peer-to-peer lending marketplace, focused on the real estate projects. Company was founded in the end of 2016 and is the first Latvian real estate crowdfunding platform.

The Bulkestate platform brings together real estate owners and potential investors who are willing to finance a given project and earn profits that exceed interest rates offered by banks.  Bulkestate is a relatively small P2P platform in the Baltics. Compared to EstateGuru or Crowdestate each with over €3 million in loans to individuals and real estate developers puts Bulkestate in the youngster position.’

Key facts about Bulkestate

Estimated annual returns: 15%
Launched: 2016 December
Autoinvest: No
Loan security: Real estate and mortgage as collateral
Provision fund: No
Buyback guarantees: No
Registered investors: 381 in July 2017
Minimal investment: €50
Time to become invested: 1-2 days (as long as the international transfer takes)
Time needed managing: Low
Regulation: Not regulated
Country of operation: Latvia
Defaulted loans: 0
Borrowers verification: Internal
Accepted currencies: Euro
Accepts investors from: Europe


P2P lending


The Bulkestate Review: Pros and Cons


  • Fast investment process
  • Strong underwriting team
  • 0% default rate and no late loans for more than 30 days
  • Competitive lender returns rates
  • Fast ID verification (only Facebook, Vkontact,


  • No information about loans that have been already funded
  • Each time you have to pay for the wire transfer, because at Bulkeste you cannot deposit  money
  • Not Regulated
  • Lack of information how investments are managed


Lenndy, Grupeer, Mintos, Crowdestate, EstateGuru

Bulkestate review: What I have experienced so far
I started in Bulkestate in July 2017 and to be honest it is the most simple peer to peer lending platform (from the investors perspective) I have ever seen. You can register as an investor by using personal Facebook,Google,Vkontakte or email account. However, I am sure that the platform should strengthen investor verification process as it can lead to many fake investors and money laundering.

I always seek to find platforms that offer attractive returns. Platforms that offer real estate projects financing are one of the most favorite. Nevertheless, loan supply is low. Right now only one real estate loan is available. Another issue that as investor you cannot deposit money at Bulkestate. Each time you want to invest in a certain loan, you have to make a transfer to a bank account provided by the platforms. And international transfers are not the cheapest ones. I also have to pay the attention to Bulkestates website. For me it looks too simple. And that brings the attention to quality and professionalism.

Written by Tomas Medeckis


P2P lending

P2P lending