Baltic Forest OÜ (VII)
Short-term working capital loan
- Start of investment period25.02.2019
- Start time19.02.2019 10:00
- Asset classWorking capital
- Investment typeOther
- Investment end date30.06.2021
- Remaining term20 months
- Expected rate of return16.02%
- Expected cash yield%
- No of investors1204
- Goal€1 500 000
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.