Global Nord Timber (V)
Short-term working capital loan
- Deadline18.02.2019
- Start of investment period20.02.2019
- Start time11.02.2019 08:00
- Asset classWorking capital
- Investment typeOther
- Investment end date29.02.2020
- Remaining termOverdue 90+ days
- Expected rate of return16.01% p.a.
- Expected cash yield%
- No of investors1311
- Goal€800 000
Executive summary
Within the framework of this project, the Crowdstate is offering investors the opportunity to participate in another (fifth) global Nord Timber OÜ working capital financing. This project aims to attract EUR 800 000 from investors, of which EUR 300 000 will be channeled to finance planned growth, and EUR 500 000 will be used to refinance outstanding Crowdestate investor loans (currently 2 loans).
The loan term is 12 months, the interest rate is 15.0% per annum and the estimated return on investment (IRR) to the investor at 16.01% 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