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Post by buttchopf23 on Mar 22, 2018 16:38:47 GMT
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kulerucket
Member of DD Central
Posts: 336 
Likes: 93
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Post by kulerucket on Mar 22, 2018 22:57:25 GMT
I have been in since Jan 2017 and I was also in this loan. I like the platform in general but many of my loans are quite long running with first payments due >12m so it's hard to draw any conclusions even after a year.
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Post by buttchopf23 on Mar 23, 2018 7:08:57 GMT
I mostly share your opinion. It is hard to draw a conclusion after one year, but the handling and outcome of my first project, plus what I see from the other projects (not just mine) looks promising.
But I have to remain patient. If one of my current projects go sideways, I might change my mind, lol
Today there is a 12m project with monthly interest payments, hopefully I get in
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zedi
Member of DD Central
Posts: 80 
Likes: 47
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Post by zedi on Apr 2, 2018 11:43:37 GMT
I am already investing via EstateGuru and like it. Crowdestate seems to have a similar business model with additional "equity"-like type of projects, which I find interesting.
Also the fee structure looks promising as they try (and openly communicate that) to align the interests of investors and the platform.
They seem to have some impressive exits already, for example "Peterburi tee 98" where the (already high) expected return of 21.7% was beaten by another 4.4% to 26.1% or "Astangu 19/2-3" with 18.45%. Now my question is whether these values are the internal rate of return in %p.a? Did anyone participate in one of those loans and can say how much the return after fees has been?
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Post by buttchopf23 on Apr 2, 2018 13:01:10 GMT
Not in those projects, but others. Investor's yield is net of fees. In my only completed project the expected yield matched the actual yield
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zedi
Member of DD Central
Posts: 80
Likes: 47
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Post by zedi on Apr 3, 2018 11:46:03 GMT
Not in those projects, but others. Investor's yield is net of fees. In my only completed project the expected yield matched the actual yield Thanks for the quick answer! Those numbers are encouraging, even if newer projects won´t come close to them, I will give Crowdestate a try.
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camron
P2P Blogger
Posts: 6
Likes: 3
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Post by camron on May 4, 2018 7:21:54 GMT
Hey! I did an interview with Loit Linnupõld (CEO of Crowdestate). Unfortunately this is in Estonian, but maybe with the help of Google Translate you can still have some value out of it. |
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Post by spaaps on Jul 17, 2019 7:32:27 GMT
Lot of loans late, and due date keeps being postponed.
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Post by spaaps on Jul 18, 2019 6:25:47 GMT
It's ridiculous, that due date is postponing day by day...
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Post by spaaps on Sept 4, 2019 11:23:40 GMT
Quite many loans are red...
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Post by spaaps on Sept 6, 2019 9:22:27 GMT
They changed late loans back to blue too so it will look better  |
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Post by spaaps on Oct 23, 2019 5:48:29 GMT
So, have you seen the news in the Baltic Forest OÜ loans? Reorganization of their business and payments are frozen util next summer.
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Baltic Forest OÜ has initiated reorganizational proceedings
Due to the external factors adversely affecting the company's business operations (in particular, the fall in the price of spruce sawn timber caused by the massive timber cutting operations in Central Europe, aiming to limit the spread of European spruce bark beetle epidemic there) and the continuing scarcity of working capital, Baltic Forest OÜ filed a reorganization application yesterday, on October 21, 2019.
The purpose of the reorganization proceedings is to reschedule the repayment of creditors' claims, ie to temporarily suspend current interest payments, which would allow the company to accumulate the working capital necessary to produce and grow profitably.
The purpose of reorganization proceedings is not to reduce the claims of secured creditors, including Crowdestate investors.
During the reorganization process, Baltic Forest OÜ plans to continue its economic activities and aims to resume serving its debt as soon as possible.
As a result of the recent restructuring of production, only coarse pine beams are used as input for production since August. The only constraint to reaching the breakeven point is the current lack of sufficient working capital as Baltic Forest OÜ has concluded agreements on both raw material supply and sales of the product.
Pursuant to the applicable law, the court will appoint a reorganization adviser, whose task is to prepare Baltic Forest OÜ-s reorganization plan within two months after the appointment.
The reorganization plan is then approved by the court.
Until the reorganization plan is approved, we have suspended the secondary market transactions with Baltic Forest OÜ loan agreements.
We will shortly update the loan repayment information in a manner that reflects our current understanding of future interest payments and principal repayments.
According to the updated repayment schedules, interest payments on all loan agreements will be suspended until 30.06.2020. Starting from July 2020, Baltic Forest OÜ plans to restore regular interest payments for the next 6 months and then to double interest payments so that all accrued interest debt will be repaid within the next 6 months. The company aims to pay all interest and repay all principal amounts by 30.06.2021.
We will do another update to repayment schedules and revert the suspension of transactions on the secondary market as soon as the reorganization plan has been approved by the court.
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