Baltic Forest OÜ (VII)

Détails

Pays

Estonie

Type

NASecured debt

Date de fin

25/02/2019 (2798 jours)

Rendement total

16.02%

Rendement annuel

16.02%

Durée/Maturité

12 mois

investisseurs

1176

“Within the framework of this project, Crowdestate offers the opportunity to participate in the seventh funding round of Baltic Forest OÜ. The project aims to attract up to EUR 1 500 000 (including a minimum amount of EUR 500 000) from investors, of which EUR 500 000 will be used immediately to refinance the existing Crowdestate loan (maturity 31. 03. 2019) and EUR 1 000 000 will be used as working capital. The loan term is 12 months with the interest rate of 15% per annum and the expected rate of return (IRR) 16. 02% per annum. It is a so-called bullet loan, investors will receive monthly investment payments and the principal is repaid at the end of the loan period as a one-time payment. The issued loan is secured by a joint mortgage on the company's property and with the owner's personal guarantee in the loan amount.”