• Deadline
  • Start of investment period
  • Start time
    18.07.2019 10:15
  • Asset class
    Working capital
  • Investment type
  • Investment end date
  • Remaining term
    53 months
  • Expected rate of return
    16.03% p.a.
  • Expected cash yield
  • No of investors
  • Goal
    €1 486 600

Executive summary

Within the framework of this project, Crowdestate offers investors an opportunity to take part in the tenth funding round for Baltic Forest OÜ. The first two funding rounds have already been successfully exited. 

The project aims to raise up to EUR 836 000 to refinance the Baltic Forest third tranche with Crowdestate.

In accordance to the initial business plan, the Sponsor is currently negotiating for bank financing to refinance Crowdestate investors as well as to provide additional working capital financing. The first feedback has been positive on the one hand,  as the Sponsor is able to provide banks with sufficient collateral for further financing as well as the owners' contribution to the project and the successful launch of production. At the same time, banks still want to see the results of approx. one year of operation and positive pre-depreciation (EBITDA). As a result, the Sponsor will need working capital to refinance its existing loan commitments until the conclusion of a financing agreement with a financial institution.

This 12-month loan pays monthly interest at the rate of 15% per annum with the loan principal returned at the end of the period.

The internal rate of return (IRR) for this project is 16.03% per annum.

The issued loan is secured by a joint mortgage on the company's property and with the owners' personal assurance in the full loan amount.

Due to the significant interest of Crowdestate investors in the Baltic Forest OÜ (X) project, the Sponsor proposes to investors to increase the maximum amount of loan in this financing round to EUR 1 486 600, of which the current loan amount of EUR 836 600 will be used to refinance the loan with a 31.07.2019 due date. And the EUR 650 000 will be used to refinance the loan with a 31.08.2019 due date. The total investment volume of Crowdestate will increase by EUR 650 000.


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