BulkEstate features only real-estate projects. Interest rates typically vary from 14% to 17% (recent projects were more speculative than early ones); interests are repaid in full at the end of the loan, at the same time as the capital.
My opinion on BulkEstate
BulkEstate's pros and cons
Around 1 year
NO buyback guarantee available
Interest rates are usually between 14% and 17% for a duration of one year or less. There are usually only a few investment opportunities at the same time, with a large amount to invest in.
One important difference with P2P lending sites is that both principal and accrued interests are repaid at the loan repayment date; there’s no monthly interest repayment.
The minimum investment is 50€, which is higher than for personal loans for example but rather common in real-estate financing.
The website provides a basic description provided for each project; compared to CrowdEstate, BulkEstate could provide further details. The SWOT (Strengths/Weaknesses/Threat/Opportunities) matrix, repayment schedule, company rating and risk profile comparison found at CrowdEstate would be welcome additions !
NO secondary market available
Website's ease of use
Initially, investors didn’t have the opportunity to fund their account; money had to be wired at time of investment. This could cause troubles if the transfer took too long, and was overall bothersome. Fortunately, an upgrade introduced the opportunity to send funds ahead of time, like most competitors allow.
Website's design and ergonomics
Who can invest
Actual performance of my BulkEstate portfolio
As my investments don’t yield interests monthly, it’s too early for me to compute an XIRR.