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The Innovators: The No-Haircut Rule That Built an €80M Real Estate Platform
If you’ve been reading or listening to Keep Going for free, you’ve already seen the value of having independent work that isn’t shaped by corporate sponsors or the news cycle’s noise. But independence has a cost. If you find something useful here, if these words make you pause or think, I’m asking you to step up. A few dollars each month means I can keep doing this work without compromise. Without your support, this project stays fragile, balanced on the backs of a few.
The Innovators: The No-Haircut Rule That Built an €80M Real Estate Platform
I had Gustas Germanavicius on the podcast. He runs InRento out of Vilnius.
It’s a real estate debt platform, but not in the way people usually think about it. They’re not funding big speculative builds. They’re financing existing properties that already generate cash or can be fixed up quickly.
A lot of what they do is tied to a simple problem in Europe. It takes too long to build anything new. Permits drag on. Projects stall. Costs stack up. By the time something is finished, it’s more expensive than it should be.
So they skip that entire process. They focus on renovation. Old buildings. Misused space. Things that can be turned around in under a year and put back into circulation...
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