Tessin Nordic

Tessin closes SEK one billion in signed loan agreements in 2020

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Stockholm, Sweden – Tessin Nordic AB is reporting strong growth in the number of property developers turning to Tessin to finance their real estate projects. To date in 2020, Tessin has closed customer agreements corresponding to a lending volume above SEK 1 billion, up by 56 percent over the same period in 2019.

Jonas Björkman, Tessin CEO
Jonas Björkman, Tessin CEO

“We have seen an increase in both the number of queries and loan size”, remarks Tessin CEO Jonas Björkman.

Of all queries received during the year, Tessin had closed 48 real estate loan agreements with borrowers by 30 November, for a combined value above SEK 1 billion.

The majority of the loans will finance residential real estate projects in various parts of Sweden As usual, the loans are presented on Tessin’s digital investment platform, whose members include private and institutional investors as well as companies.

“Pandemic or no pandemic, the fact remains that there is a widespread housing shortage across much of Sweden, and we are seeing sustained high activity among property developers that are aiming for the target of 600,000 new homes by 2025 set by the National Board of Housing, Building and Planning” says Björkman.

Tessin members have thus far invested more than SEK 2.6 billion in capital and contributed to the construction of more than 5,000 homes, commercial premises and public buildings.

“Our ambition is to support the pace of construction in Sweden by continuing to offer interesting investment opportunities and financing solutions in the real estate market. Passing the milestone of one billion in agreed lending volume is the result of focused efforts to build long-term customer relationships.”


About Tessin

Membership: > 53,800

Number of capital raises: 242

Capital raised: >SEK 2.5 billion

Capital repaid: >SEK 1.5 billion

Average return: about 8.42 percent*

*The average return to Tessin members is based on the weighted annual return for all closed loans on the Tessin platform. Confirmed credit losses are included in the calculation.

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Jonas Björkman, Tessin CEO
Jonas Björkman, Tessin CEO
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About Tessin Nordic

Tessin Nordic
Tessin Nordic
Olof Palmes gata 31
111 22 Stockholm

08-410 560 70https://tessin.com/sv/

Tessin Nordic AB (publ) (”Tessin”) is the biggest alternative property financing platform in the Nordics. Tessin serves those who want to place capital directly in real estate without any complicated fee structures and intermediaries. In Tessin, investors, along with others, invest in different types of real estate projects and at the same time receive a good return on their capital.

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