General Information

  • IRR%: 15.01
  • CoC%: -
  • Minimum: 100 EUR
  • Type: Equity
  • Asset: Investment
  • Investors: 679
  • Start Date: 2019-01-18
  • End Date: 2022-12-06
  • Target: 500k EUR
  • Completed: 72.04%

Additional Information

  • 3A, 3B, 3C Celtnieku street, LV-2114, Olaine, Latvia
  • Latvia

This investment offers Crowdestate investors an opportunity to refinance a part of shareholders equity of an operating natural gas cogeneration plant located in Olaine, Latvia.

Total interest rate per base scenario is 18% per annum: 5% per annum interest paid out quarterly, 13% per annum interest and investment principal at the end of the investment period. 

The loan term is up to 48 months but according to the base scenario, the Sponsor will make an early repayment of the loan after 36 months, refinancing it with a debt from the current senior lender - Luminor Bank. In the case of the base scenario, the early repayment will take place after 36 months, and the expected return on invested capital (IRR) will be 15.01% per annum.

The loan is secured by a 2nd rank pledge on 100% shares of SIA Olaines Enerģija, 100% shares and assets of Target, and by a personal guarantee by Janis Timma.

Project offered by

Crowdestate

Real estate crowdfunding marketplace, with a historical yield of 21.88%. No fees. Minimum investment 100€. Sign up and invest: https://crowdestate.eu/home

Would you like to add this platform to your list?

Please Log In first

Don't have an account yet?

Sign up & enjoy all the services BrickFunding provides
Register