Exited
  • Deadline
    02.04.2021
  • Start of investment period
    30.04.2021
  • Start time
    27.03.2021 07:10
  • Asset class
    Leisure
  • Investment type
    Speculative
  • Investment end date
    19.08.2021
  • Remaining term
    Overdue 1-90 days
  • Expected rate of return
    11% p.a.
  • Expected cash yield
    %
  • No of investors
    385
  • Goal
    €150 000

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 2nd 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 150 000 EUR with an annual interest of 11% over a 12-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.
Crowdestate

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