First time in Debitum history
Yet another ABSs programs are added to platform as Debitum Autumn Wave continues to bring more and more interesting offers.
“This ABS release is very special as one of ABS programs offers 15% p.a. interest rate. This is the highest interest rate ever experienced in Debitum history. Two years ago, we probably wouldn’t have predicted that business loans would offer such an attractive rates. But today it’s a reality. We and our Loan originators constantly follow events and fluctuations in the global economy and loan market. The forecasts for the next year show that both the EURIBOR and interest rates very likely will start decreasing. Hence, this is a good time for investors to make long-term investments,” reflects Debitum CEO Henrijs Jansons.
Three new ABSs are added by Debitum affiliated Loan Originator – Sandbox Funding. All three ABSs are created by pooling loans issued to borrower-company Ozolu Meži.
Ozolu Meži LTD is a forest and agricultural land company with main operations to acquire, process, and develop a larger amount of forest and agricultural land properties. brings together individual landowners and large local and international forest investment and management companies.
Ozolu Meži has a solid track record of almost 10 years of operations. The current Crefo score is 166 (see more information below) that is one of the reasons Loan Originator has “B+ trust score” on Debitum.
1st ABS information
- Total amount – 100 000 EUR
- Skin in the game – 10 %
- Available for investments – 90 000 EUR
- Term – 6 months
- Interest rate – 14.00 % p.a.
- Penalty fee (in case of late repayment) – 10 % p.a. (total 24.00% p.a.)
- Type – SME / forestry and agriculture
- Trust score – B+
- Location – Latvia
- Collateral – Full commercial pledge on company shares
2nd ABS information
- Total amount – 100 000 EUR
- Skin in the game – 10 %
- Available for investments – 90 000 EUR
- Term – 12 months
- Interest rate – 14.35 % p.a.
- Penalty fee (in case of late repayment) – 10 % p.a. (total 24.35% p.a.)
- Type – SME / forestry and agriculture
- Trust score – B+
- Location – Latvia
- Collateral – Full commercial pledge on company shares
3rd ABS information
- Total amount – 100 000 EUR
- Skin in the game – 10 %
- Available for investments – 90 000 EUR
- Term – 24 months
- Interest rate – 15.00 % p.a.
- Penalty fee (in case of late repayment) – 10 % p.a. (total 25.00% p.a.)
- Type – SME / forestry and agriculture
- Trust score – B+
- Location – Latvia
- Collateral – Full commercial pledge on company shares
About Borrower company:
- Name – “Ozolu meži” LTD
- Reg number – 44103097153
- Reg date – 05.12.2014
- Legal address – Beātes 5, Valmiera, Valmieras county., Latvia
- Board member – Edgars Vecozoliņš
- Crefo Score – 166
What is CrefoScore
Efficient early-stage credit risk indicator, providing immediate assessment of credit applicant’s solvency. CrefoScore corresponds to an estimate of the expected probability of default over a time horizon of 12 months. The higher the CrefoScore, the higher the probability of default.
Read more about CrefoScore here
Ozolu Meži shows stable and positive CrefoScore with a positive tendency shown in the last 2 years. The company’s score is significantly above the industry average.
