Baltic Forest OÜ (VIII)

Details

Country

Estonia

Type

N/ASecured debt

End date

25 March 2019 (2516 days)

Total yield

16.03%

Annual yield

16.03%

Duration/Maturity

12 months

investors

1300

“Baltic Forest (VIII) has the maximum funding goal of EUR 620 000, with a minimum investment amount of EUR 250 000. Majority of the raised capital will be used to refinance the current EUR 500,000 Crowdestate loan maturing on March 31, 2019, and the remaining funds will be allocated to increase the company's working capital. This 12-month loan pays monthly interest at the rate of 15% per annum with the loan principal returned at the end of the period, investment's internal rate of return (IRR) 16. 03% per annum. The issued loan is secured by a joint mortgage on the company's property and with the owners' personal guarantees in the full loan amount.”