Global Nord Timber (V)

Détails

Pays

Estonie

Type

NASecured debt

Date de fin

18/02/2019 (2616 jours)

Rendement total

16.01%

Rendement annuel

16.01%

Durée/Maturité

12 mois

investisseurs

1311

“Within the framework of this project, the Crowdstate is offering investors the opportunity to participate in another (fifth) global Nord Timber OÜ working capital financing.  This project aims to attract EUR 800 000 from investors, of which EUR 300 000 will be channeled to finance planned growth, and EUR 500 000 will be used to refinance outstanding Crowdestate investor loans (currently 2 loans). The loan term is 12 months, the interest rate is 15. 0% per annum and the estimated return on investment (IRR) to the investor at 16. 01% on an annual basis. To protect the interests of investors, the loan is secured by a personal guarantee issued by the member of the management board along with the restrictions imposed by the Crowdstate Collateral Agency OÜ ("Tagatisagent") on the use of received funds”