The purpose of this project is to finance the purchase of the production resources of the project sponsor, Baltic Forest OÜ with a 12-month working capital loan in the amount of EUR 650 000 (this is the second financing round for the purpose of financing EUR 1.5 million, the first round of which was successfully financed by investors in July in the amount of EUR 836 600).
The issued loan is secured by a mortgage and with owners personal guarantees in the loan amount. It is a so-called bullet loan, investors will receive monthly investment payments and the principal is repaid at the end of the loan period as a one-time payment.
The loan interest rate is 15.0% per annum and the expected return of return (IRR) is 16.08% on an annual basis.
Crowdstate investors have participated in the three financing rounds for the Sponsor, Baltic Forest OÜ:
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