More can be better – new ABSs
We have exceeded the range of investment assets so that investors can choose the most suitable investment objects – LOs, terms, collaterals, and rates of return.
Four new ABSs from Sandbox Funding have been added to the platform. Three asset-backed securities are from forestry and agriculture land developer company “Ozolu Meži” and one – from eco-house building company “BONO House” (Jūrmala project).
Thus, Sandbox Funding has exceeded 3 million in issued loans.
Sandbox Funding / “Ozolu meži” LTD assets
1st ABS / information
- Total amount – 100 000 EUR
- Skin in the game – 10 %
- Available for investments – 90 000 EUR
- Term – 3 months
- Interest rate – 12.00 % p.a.
- Penalty fee (in case of late repayment) – 10 % p.a. (total 22.00% 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 – 6 months
- Interest rate – 13.00 % p.a.
- Penalty fee (in case of late repayment) – 10 % p.a. (total 23.00% 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 – 12 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
Sandbox Funding / “BONO House” ABS information
- Total amount – 100 000 EUR
- Skin in the game – 10 %
- Available for investments – 90 000 EUR
- Term – 12 months
- Interest rate – 15.00 % p.a.
- Penalty fee (in case of late repayment) – 10 % p.a. (total 25.00% p.a.)
- Type – SME / eco-house constructions
- Trust score – B+
- Location – Latvia, Jūrmala
- Collateral – land for a house construction project