Funded
  • Deadline
    18.02.2019
  • Start of investment period
    20.02.2019
  • Start time
    11.02.2019 08:00
  • Asset class
    Working capital
  • Investment type
    Other
  • Investment end date
    29.02.2020
  • Remaining term
    7 months
  • Expected rate of return
    16.01%
  • Expected cash yield
    %
  • No of investors
    1355
  • Goal
    €800 000

Updates

 28/06/2019Note about the payments
 04/06/2019Late principal payment
 18/04/2019Investment opportunity overview, April 2019

Executive summary

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

Crowdestate

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