• Deadline
  • Start of investment period
  • Start time
    12.03.2021 09:00
  • Asset class
  • Investment type
  • Investment end date
  • Remaining term
    Overdue 90+ days
  • Expected rate of return
    10.5% p.a.
  • Expected cash yield
  • No of investors
  • Goal
    €467 000

Executive summary

The goal of this investment opportunity is to refinance SIA “Baltijas jūras ģeoloģijas centrs” (BJGC) existing liabilities towards the Crowdestate investors. BJGC since January 2020 has successfully paid almost a third (233k) of the existing loan plus interest payments (88k). The company is looking for a new financing solution that better suits their needs and is more favourable.

The loan will be secured by a 1st rank mortgage on the real estate with 1,2 mil EUR market value, located at Pērnavas Street 49A, Salacgrīva, Salacgrīva district (currently secures existing Crowdestate loan). The real estate is owned by BJGC related company SIA “DKKrasts”.

The total investment amount of the BJGC campaign is 467 000 EUR with an annual interest of 10.5% over a 24-month period with monthly interest payments and a low LTV of 37%.

The loan amount will be repaid as a lump sum or by refinancing at the end of the loan period latest, furthermore, the interest payments shall be paid monthly.

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