Global Nord Timber (IV)
Short-term working capital loan
- Chiusura raccolta31.10.2018
- Inizio del periodo di investimento23.10.2018
- Ora di inizio19.10.2018 12:00
- Categoria di immobileCapitale circolante
- Tipo di investmentoAltro
- Data di fine dell'investimento20.02.2019
- Orizzonte d'investimento restante3 minuti
- Rendimento annuo16.2%
- Rendimento in contanti atteso%
- N. di investitori708
- Obiettivo€300 000
|06/02/2019||Additional information regarding the late payment|
|31/01/2019||Information regarding the payments|
|14/01/2019||Investment opportunity overview, January 2019|
Progetto in sintesi
Within the framework of this project, the Crowdstate is offering investors the opportunity to participate in another (fourth) global Nord Timber OÜ working capital financing. The estimated working capital requirement is estimated at EUR 700,000, of which EUR 400,000 was included from investors at the beginning of September.
The loan term is 6 months, the interest rate is 15.0% per annum and the estimated return on investment (IRR) to the investor at 16.20% 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.
This is a so-called "partial bullet loan", in other words, a loan where during the period the interest is mainly paid, and, to a lesser extent, also the principal. An essential part of the principal (65%) is paid at the end of the loan period as a one-time payment.