Baltic Forest OÜ (VIII)
12-month working capital loan
- Start of investment period19.03.2019
- Start time18.03.2019 10:00
- Asset classWorking capital
- Investment typeOther
- Investment end date31.12.2026
- Remaining term78 months
- Expected rate of return16.03% p.a.
- Expected cash yield%
- No of investors1332
- Goal€620 000
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.