Pending settlement
  • Deadline
    09.09.2019
  • Start of investment period
    01.01.1970
  • Start time
    02.09.2019 09:00
  • Asset class
    Investment
  • Investment type
    Other
  • Investment end date
    31.08.2021
  • Remaining term
    23 months
  • Expected rate of return
    13.5%
  • Expected cash yield
    %
  • No of investors
    866
  • Goal
    €195 500

Executive summary

The purpose of this project is to finance the purchase of rental machinery for Latvian company SIA Nemco. The total amount of the purchase will be 195 500 EUR all funded by Crowdestate investors. 

The loan is issued for a 24-month period with an interest rate of 13.5% per annum. If the loan will be repaid prior to 12 months of its term, additional interest will be added which could possibly increase investors’ return.

This investment opportunity offers quarterly interest payments, the principal will be paid at the end of the loan term.

The loan will be secured by previously purchased rental equipment and currently purchased machinery.

Crowdestate

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