• Deadline
  • Start of investment period
  • Start time
    06.06.2018 12:00
  • Asset class
  • Investment type
  • Investment end date
  • Remaining term
    Overdue 90+ days
  • Expected rate of return
    16.07% p.a.
  • Expected cash yield
  • No of investors
  • Goal
    €450 000

Executive summary

The purpose of this project is to finance the investment of the Sponsor, Steel Express Haldus OÜ, in the amount of EUR 450,000.  As a part of group restructuring, the Sponsor plans to acquire 2 real estate properties - an empty industrial land plot and a built-up property with a production building - for cash flow purposes. By moving the current production facility and the newly acquired land into the new company, the Sponsor ensures the necessary working capital for the growth of its subsidiary, the newly acquired land will be used for erecting a new production facility for the subsidiary.

The crowdfunded loan is secured by mortgages (1st charge for an unfinished property and 2nd charge for the current production building) as well as the subsidiary's payment guarantee.

The loan bears a 15% per annum interest rate and the expected return on investment (IRR) is 16.07%.

This investment pays monthly interest, starting from the next month after the loan has been issued, the principal repayments are starting from 3rd month.


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