Secured loan for construction equipment purchase
- Start of investment period20.06.2019
- Start time20.05.2019 08:00
- Asset classInvestment
- Investment typeOther
- Investment end date25.05.2022
- Remaining term35 months
- Expected rate of return13%
- Expected cash yield%
- No of investors883
- Goal€750 400
|18/06/2019||Information regarding settling the project|
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 750 400 EUR all funded by Crowdestate investors. The minimum goal of the campaign is 350 000 EUR.
The loan is issued for a 36-month period with an interest rate of 13% 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 loan will be secured by previously purchased rental equipment (750 000 EUR) and currently purchased machinery.