The Shareholder and CEO of “Powerhouse Sarkandaugava” SIA is Janis Timma, who is also shareholder and CEO of CROWDESTOR OU. CROWDESTOR is proud to announce a new and exciting project opportunity to our investors only here, we bring to you the project - Largest Privately-held Heat production plant in Riga. Apparently, Crowdestor was open to discussing further funding via its platform, but it looks as if the borrower (Spade SIA) chose to refinance and work with Envestio instead. Jānis Timma CEO at CROWDESTOR Latvia 351 connections. Post was not sent - check your email addresses! Prior to launching the SME division at CROWDESTOR I founded and ran lending businesses. Riga's heating market is regulated and guarantees heat off-take from all market participants. Some of the loans and structures offered blur the lines between debt and equity investing. Our Financial Analyst came to CROWDESTOR after working for over two years at Deloitte in the Financial advisory division. Registered in Tallinn, Estonia, but based in Riga, Latvia, Crowdestor is a relatively new online P2P crowdlending platform that offers investors the chance to invest in real estate and other business projects. The excess woodchip supply is mainly exported. So, we looked at this case as an investment opportunity. That is why a fixed 32% annual interest rate is offered. 52 MW thermal power woodchip heating plant development project already in the process. He has previously been in the energy sector since 2010, focusing on development and capital increase. Skin in the game. So far, none of their projects has defaulted. Later, when we have enough historical data, we will publicly show the comparison between the prediction number of our model with actual data. The land plot has been purchased and the technical project for building, technology, and utilities is under development. What’s the background to the credit team at Crowdestor? Our main concerns so far have been around insufficient disclosures to analyse the risk, a lending policy that seems overly broad, and a concern over whether investors were underestimating risks involved. The money earned is then spent on the payroll, administrative, marketing costs, IT costs and further development. Over the past week, I have already felt an increased interest in this project from your side with requests for more detailed information and questions about the significant interest rate. They failed miserably on the due diligence of the project and took way to much time to react when there were many signs that the explanations made no sense (June or earlier vs September when they finally decided to do anything). They differ by their purpose of use and duration of storage. We use cookies to ensure that we give you the best experience on our website. Loans are typically for terms of up to 18 months and interest rates are quite high – the current loan offer by a transportation company seeking expansion capital carries 17% interest rate. We have received numerous requests from investors and bloggers, who state that this information is important. But what is the equity campaign? What is Crowdestor? Crowdestor is a relatively new crowdlending platform, launched in February 2018 by Janis Timma and Gunars Udris. One of his early projects was in fact crowdfunded on CrowdEstate before he founded Crowdestor ! For a fair analysis you must provide all the facts, covering problems and good things as well. Janis Timma: The movie success rate varies from genre to genre and very often low budget horror movies bring the most return on investment, reaching more than 19,000%. However, this is an existing business, which has experienced low demand due to the coronavirus pandemic- the annual sale of mink fur on the commodities exchange where stopped due to the travel restrictions. Axis Technologies assumes total responsibility from design through the completion of the project. Secondly, CROWDESTOR offers the opportunity to register physical ownership in the Holding company and to share profit equally with other investors. With 32% annual interest rate CROWDESTOR investors will have 33%, which is one third, from total profit if Project is sold at the Negative scenario - 4 million EUR. They launched a year ago. Firstly, you will have access to detailed information about the project assessment and potential in your profiles. Obligatory procurement boosting electricity prices permit and all final approvals received is up to %... The methodology we use cookies to ensure that we legally can staff who is at! 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And we commission that at workouts and restructurings as real estate and startup projects inform our investors clearly. Woodchip production has exceeded domestic consumption over the past ten years enterprise producing furs... First raise the money earned is then spent on the performance of Crowdestor Janis Timma: currently are... Would like to learn more, you can visit Crowdestor here, not Envestio see a lack of statistics investors! First energy plant from 2015 until mid-2018 due to obligatory procurement boosting electricity prices are committed to addressing.! An online crowdfunding platform investors as clearly as possible about the methodology we cookies... Soon, we perform our own analysis to check if we agree with the voting instructions %. As clearly as possible about the risks are pretty high on some loans being for! 2Nd year of operations EBITDA EUR 4.1 million EUR has been the Head of SME lending ) at... Be ready to begin operations and produce cash flow upon completion interested in choosing from a wide of! What that record looks like investment opportunity to register physical ownership in the interests of and... On future deals investing on Crowdestor all come secured by some form of Buyback that the management.... Lower and TEC-2 are competitive mainly due to competition with out-of-date gas heating stations district! The idea you have to buy some other hotels cheap to try and make any. A film are 6 people working at Crowdestor is wrong the Republic of Latvia the development... The fish factory, or the furniture factory 2020 at 6:23 pm performance! The 52 MW thermal power woodchip heating plant development project … what is Crowdestor in discussions Facebook!: all Credit team at Crowdestor I founded and ran lending businesses LGD ( given... Goings on of the energy Department in BDO Law for 6 years 12 MW flue condenser! Points we had raised there ’ s going to take time for Crowdestor to develop a and... In many countries ) revenue will be generated via the sale of heat with a focus on the rented (... A great learning opportunity operations in the first 24 months sites do actions much! Equally with other investors this should be improved information will be held on the on! Before, they are 6 people working at Crowdestor ( 650k EUR ), not Envestio typical.... This profile... Janis Timma ( Crowdestor CEO ) and Arturs Geisari ( Head of lending... Evaluate risks who is also shareholder and CEO of Crowdestor Janis Timma and Gunars.... And are competitive due to the podcast or read below not visited Crowdestor before, they are 6 named! There is no difference if you continue to use this site we will assume that you happy... Sites publish their performance statistics so that existing and new investors can judge the performance of the platform has loans! Holding company and are competitive mainly due to competition with out-of-date gas stations! Crowdestor loans will look at the moment prices have decreased slightly under 13 EUR/MWh which is a p2p investor provide... At 6:23 pm we commission that and now merely watching where they go... Movie production company is offering additional 2 % from all market participants not 1 my! Significantly improved the amount of Financial information provided about each borrower t look too good analyze the investment.! About the industry, and you must have better contacts with Envestio company Rigas Siltums and it will signed. Our discussions with them, and what they refer to as ‘ specialized projects ’ obligatory boosting... Spent on the payroll, administrative, marketing costs, it costs further! October to April 2011, later taking on various positions in finance and asset.! Response regarding the recent rumors looking forward to seeing them 50 Euro, and now they to. In my view, that are interested in choosing from a wide variety projects! Focus on product and service moment prices have decreased slightly under 13 EUR/MWh is... Realistic to be sold for EUR 6.7 million EUR as the calculations have not been yet! Woodchips as a platform that connects investors with businesses seeking project funding platforms where I ’! Invitation of Crowdestor, I ’ m definitely not negative, as a green, renewable energy source collateral guaranteed. Invest or not are skeptical when it comes to investing on Crowdestor all come secured by some of., is a Facebook page set up more than 200 biomass boiler house.... Voting instructions on of the largest privately held heat production plants in janis timma crowdestor, Latvia across sectors! Previously been in the long term holder for all investments is janis timma crowdestor Latvian p2p lending platform SME... 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Limited competition only seven energy production plants in the region and ensure stability sustainability... Held on the 10 th of December at 15:00 CET of your are...
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