Rontgen review shows that Rontgen is a crowdfunding platform for real estate development. It is recognised and supervised by the Bank of Lithuania and serves as the meeting place for developers with extensive experience in quality real estate development projects and investors capable of providing funding. Company was founded in 2017.
Real estate is one of the main asset classes which, unlike shares or bonds, for a long time was accessible only to professional investors. By employing technologies, Rontgen change the standards and open the door for everyone to enjoy the benefits of real estate investments.
Key facts about Rontgen
Estimated annual returns: up to 12%
Loan security: Yes
Provision fund: No
Buyback guarantees: No
Registered investors: N/A
Minimal investment: € 1000
Time to become invested: depends on investment offers
Time needed managing: Low
Regulation: supervised by the Bank of Lithuania
Country of operation: Lithuania
Defaulted loans: 0%
Borrowers verification: By the platform
Accepted currencies: Euro
Accepts investors from: EU
Rontgen Review: Pros and Cons
– User-friendly and intuitive dashboard for investors
– Fast ID verification and time to become money invested (in my example one day)
– Supervised by the Bank of Lithuania
– High interest rates (up to 12%)
– No Buyback guarantee
– No information about loans defaulted and late loans
– No information about funds attracted
– Young P2P crowdfunding platform with a very short traction
Profitus, EstateGuru, Crowdestate, Lendy, Bulkestate, Crowdestor, Rendity
Rontgen review: What I have experienced so far
Firstly, some words about opening account in Rontgen. For me it was easy process, all I needed was to click login with Google account (you also can choose to do that with Facebook or do full registration). And that’s it. Later you have to do video verification and wait for approval (takes up to 10 minutes if everything is fine). Add funds to Rontgen account is easy and you can use bank to transfer funds. Takes up to 2 working day. Or you can use Paysera and transfer funds instantly.
Secondly, some facts about my experience in using Rontgen investment opportunities. Since the beginning of 2018 only 2 projects have been funded with a value of 500.000 eur. This year one real estate project with a value of 2M eur has almost raised needed funds for development. Annual interest rate is 7%. Personally I do not like to invest in property which is refinansing av bank loan. Compared to other real estate platforms the returns are lower. Plus there are not many investment offers.
All in all, Rontgen is a young P2P crowdfunding platform from Lithuania. They issued €2.8 million in loans and is supervised by the central bank of Lithuania. The platform has user-friendly and intuitive dashboard In the other hand, there are many real estate crowdfunding platforms in Baltics with more projects and higher interest rates. For me personally, it’s worth checking what projects they will offer in the future and potentially putting some capital to those projects. Overall, it’s a young platform that will need to put a lot of effort in order to move faster than competitors.