Posted by On August 3, Estateguru announced that payment processing would be transferred from Lemonway to AS LHV Pank. Starting August 5, deposits and withdrawals, new investments, repayments, and the secondary market were all supposed to be suspended for four business days. As part of the transition, all outstanding secondary market transactions were also cancelled.
Deposits, withdrawals, and new investments have since resumed. The secondary market, however, remains closed. What was initially announced as a four-business-day suspension has now stretched to more than three months. Estateguru has yet to provide any official communication regarding when the secondary market will reopen.
As a result, investors currently have no way to exit their investments early. With around 60% of the active portfolio in recovery, the secondary market was the only alternative to waiting for the recovery process to run its course.