Within the framework of this project, Crowdestate offers investors the opportunity to take part in the ninth funding round for Baltic Forest OÜ (the first funding round has successfully exited). The project aims to raise up to EUR 500 000 (including a minimum of EUR 300 000) to finance working capital.
This 12-month loan pays monthly interest at the rate of 15% per annum with the loan principal returned at the end of the period, investment's internal rate of return (IRR) 16.02% per annum.
The issued loan is secured by a joint mortgage on the company's property and with the owners' personal guarantees in the full loan amount.
In connection with Crowdestate's significant interest in the Baltic Forest OÜ (IX) project, the Sponsor proposes to investors to increase the maximum amount of the loan in this financing round to EUR 1.95 million, of which EUR 500 000 will be used to finance working capital and 1.45. EUR million will be used for refinancing the loan with a 30.04.2019 due date. The total volume of Crowdestate investments increases by 500000 euros.
Project offered by