Within the framework of this project, Crowdestate offers the opportunity to participate in the seventh funding round of Baltic Forest OÜ. The project aims to attract up to EUR 620 000 (including a minimum amount of EUR 250 000) from investors, of which EUR 500 000 will be used immediately to refinance the existing Crowdestate loan (maturity 31.03.2019) and the remaining amount will be used as working capital.
The loan term is 12 months with the interest rate of 15% per annum and the expected rate of return (IRR) 16.03% per annum.
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 issued loan is secured by a joint mortgage on the company's property and with the owner's personal guarantee in the loan amount.
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