Funded
  • Deadline
    31.05.2019
  • Start of investment period
    20.06.2019
  • Start time
    20.05.2019 08:00
  • Asset class
    Investment
  • Investment type
    Other
  • Investment end date
    25.05.2022
  • Remaining term
    35 months
  • Expected rate of return
    13%
  • Expected cash yield
    %
  • No of investors
    883
  • Goal
    €750 400

Updates

 18/06/2019Information regarding settling the project

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 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.

Crowdestate

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