Exited
  • Deadline
    20.07.2018
  • Start of investment period
    19.07.2018
  • Start time
    16.07.2018 09:00
  • Asset class
    Investment
  • Investment type
    Other
  • Investment end date
    21.08.2020
  • Remaining term
    Overdue 90+ days
  • Expected rate of return
    16.05% p.a.
  • Expected cash yield
    %
  • No of investors
    559
  • Goal
    €260 000

Executive summary

The purpose of this project is to finance the purchase of a production building for the Sponsor, MMMSprattus OÜ, in the amount of 260 000 EUR. This investment allows a renovated building to undergo a thorough reconstruction, thus significantly increasing the volume, capacity, and capacity of the cold stores, and ensuring the prerequisites for the market introduction of the new product and the growth of existing business volumes.

The loan is secured by the first-rate mortgage for the property and with the Sponsor's personal guarantee. This investment opportunity offers monthly interest payments from the month following the issue of the loan and principal payments from the third month. The loan interest rate is 15% per annum and the expected return on investment (IRR) is 16.05% on an annual basis.

Crowdestate

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