Funded
  • Deadline
    17.10.2018
  • Start of investment period
    11.10.2018
  • Start time
    10.10.2018 09:00
  • Asset class
    Working capital
  • Investment type
    Other
  • Investment end date
    31.10.2019
  • Remaining term
    47 days
  • Expected rate of return
    14.37%
  • Expected cash yield
    %
  • No of investors
    1137
  • Goal
    €700 000

Updates

 11/09/2019Latest news regarding the project
 01/08/2019Investment opportunity overview, July 2019
 07/06/2019Additional info regarding the project
 16/04/2019Investment opportunity overview, April 2019
 02/04/2019Info regarding late payment
 25/03/2019Additional info regarding the project
 04/02/2019Investment opportunity overview, February 2019
 30/01/2019Information regarding the payment

Executive summary

The purpose of this project is to finance the increase of business volumes of the project Sponsor, Q-haus Baltic OÜ with a working capital loan of up to 12 months in the amount of 700 000 EUR.

The loan is secured by the second mortgage company's production complex and with the second commercial pledge for movable assets of the company (the collateral provided exceeds 1.35x principal and interest).

This is a so-called "partial bullet loan", in other words, during the loan period the interest is paid monthly, and the principal is paid at the end of the loan period as a one-time payment.

The loan interest rate is 13.5% per annum and the expected return of return (IRR) is 14.37% on an annual basis.

Crowdestate

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