The purpose of this project is to finance acquisition of neighbouring unimproved property at Paikuse, Pärnu by the project sponsor, Baltic Forest OÜ. The Sponsor seeks for a loan in the amount of EUR 160 000 with a 12-month term.
The issued loan is secured by a mortgage on the acquired property 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.
The property has a strategic importance to the Sponsor as it enables improved access to production line. It provides more efficient logistics for raw materials transport vehicles. Additionally, the acquisition makes possible to expand the production in the future, if it proves to be necessary.
Crowdstate investors have previously participated in four financing rounds and have made investments of EUR 3 436 600 in total in the Sponsor, Baltic Forest OÜ:
Project offered by