Secured loan for construction equipment purchase
- Start of investment period26.09.2019
- Start time02.09.2019 09:00
- Asset classInvestment
- Investment typeOther
- Investment end date04.06.2021
- Remaining termOverdue 1-90 days
- Expected rate of return13.5% p.a.
- Expected cash yield%
- No of investors836
- Goal€195 500
The purpose of this project is to finance the purchase of rental machinery for Latvian company SIA Nemco. The total amount of the purchase will be 195 500 EUR all funded by Crowdestate investors.
The loan is issued for a 24-month period with an interest rate of 13.5% per annum. If the loan will be repaid prior to 12 months of its term, additional interest will be added which could possibly increase investors’ return.
This investment opportunity offers quarterly interest payments, the principal will be paid at the end of the loan term.
The loan will be secured by previously purchased rental equipment and currently purchased machinery.