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This month I went for a trip to Barcelona with my niece. It was a wonderful trip. I really love this new found freedom to travel and spend more time with my family. I have also been planning a trip to Latvia to attend the P2P conference in Riga. It should be the biggest crowdlending event of the year and I will of course share everything I learn there with you! I am flying out tomorrow, on a one way ticket. It feels weird. I am still not use to not having to be back at a specific date. This was also the month for the last payout from my former job as a consultant. I now have some extra money to invest in crowdlending for the rest of the year. I hope to learn a lot about where to place the funds at the conference in Riga.
During the month of May, I added to my investments on two different platforms. Crowdestor and Robo.cash. I actually made a deposit to Iuvo Group as well, but I transferred the funds back without investing. Those funds will go to Robo.cash as well next month. I have been having minor amounts invested on some of my platforms as they seemed riskier or suffering from cash drag when I first signed up. Now some time has gone by and it is either time to clean up and get out of the platforms or invest more funds with them. Robo.cash will be the first of these to expand. The funds I transfered was invested over night. Here is how I split up the funds on the 2 platforms.
Increase of fleet with gas-powered IVECO with Crowdestor
A UK based transportation company is planning to raise expansion capital to lease 4 new units of the most cost effective heavy truck in market today – IVECO STRALIS NP 460.
The gas-powered IVECO Stralis NP 460 in 2018 has completed what is believed to be the longest ever journey by road on a single fill of LNG – completing the 1728 km road journey from London to Madrid without needing to refuel, exceeding the vehicle’s official range of 1600 km, and set a new distance record. This equates to an impressive 40 % cost saving comparing to Diesel.
The borrower is an active company incorporated on 11 October 2013 with the registered office located in Birmingham, West Midlands. Orange Square Transport Ltd has been running for 5 and half years. It manages 2 units of new, fully insured Mercedes Benz Actros heavy trucks, and has received a licence to increase fleet up to 6 units of heavy trucks.
The borrower provides logistics services for the transportation of cargo by road in territory of United Kingdom.
The investment opportunity offered Crowdestor investors to make a loan with 16 % annual interest rate which is paid every month for 12 months.
Grocery store with Crowdestor
At Crowdestor i invested in a project for a Latvian based real estate company who is raising capital to renovate and lease out premises in Satiksmes street 3, Riga, to a leading retail chain in Latvia. A non-breachable 10 years long-term contract is signed ensuring stable and predictable cash flow for the borrower.
Cooperation is based on a built-to-suit lease model – agreement to reconstruct and suit premises for a single tenant on a long-term contract.
The investment opportunity offered Crowdestor investors to make a loan with 17 % annual interest rate which is paid every month for 9 months.
Biomass boiler house with Crowdestor
At Crowdestor i invested in a project for an energy company. SIA “Olaines Enerģija” is establishing an SPV “Olaines BIOenerģija” and planning to raise capital to develop a 5 MW biomass boiler house located in Olaine city. Energy production plant is going to be connected to district heating operator of Olaine city – AS Olaines ūdens un siltums.
District heating system in Olaine is owned and managed by municipality owned operator AS “Olaines ūdens un siltums” which buys thermal power from independent energy producers and sells to end users.
SIA “Olaines BIOenerģija”, is going to be a part of SIA “Olaines Enerģija” which is an experienced energy producer in Olaine – owns and manages 2.97 MW natural gas cogeneration plant.
The investment opportunity offered Crowdestor investors to make a loan with 18,50 % annual interest rate, paid monthly after the first 6 months. For the first 6 month interest payments are capitalized and paid in bullet payment together with the loan principal payment. The loan repayment happens in full at the end of the loan term.
Renovation of eclecticism style building with Crowdestor
The investment opportunity offered Crowdestor investors to make a secured loan to developer of project Artileria Apartments. Funds will be used to purchase two historical eclecticism style buildings built in 1900, in Artilerijas street 26, Riga, and to start renovation of the property.
Based on increasing demand for small apartments, the developer plans to construct small and mid size apartments in a range from 20m2 to 45 m2 with total number of 24 apartments in the project.
Crowdestor loan will be repaid from the pre-bookings and sales of the apartments or refinancing by a long-term bank loan.
Current investment opportunity offers Crowdestor investors to make a loan running over 9 months with 21,00% annual interest rate, paid monthly after first 6 months. For first 6 month interest payments are capitalized and paid in a bullet payment together with the loan principal payment. The loan repayment happens in full at the end of the loan term.
My crowdlending portfolio at the end of May 2019.
So let us take a look at the stats for my portfolio at the time of writing this blog post. If you are reading this article later than June 2019, you can find my updated portfolio on the My Crowdlending Portfolio page.
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