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Luxury Yacht Rental
100% Funded

100%
Need:0.00€
Interest rate:19.5%
Period:18 months
Target: 375 000€
Opens: 2019/04/17
Expires: 2019/05/15
Type: Specialized
Location: Malaysia / Cambodia / Thailand
LTV: 75
Investments: 690

Summary


International tourism and leisure company is planning to raise capital for acquisition of SANLORENZO SL62 Yacht with Port and Flag of Registration in Langkawi, Malaysia.
Business concept – daily and weekly rentals of Yacht or organising individual cruise trips in Gulf of Thailand - Malaysia, Singapore, Thailand, Cambodia and Vietnam.
SANLORENZO SL62 is a motor yacht with a overall length of 18.87 metres, beam - 5.14 metres, draft - 1.79 metres and gross tonnage of 47.51 tonne. Yacht is equiped with two Marine diesel MAN engines each 1100 horse power.
Current investment opportunity offers CROWDESTOR investors to make a loan with 19.5 % annual interest rate.
Minimum target to be raised in CROWDESTOR platform is EUR 275 000,00 and the maximum target is EUR 375 000,00.
 
 

Loan:

Target: EUR 375 000.00
Min. target:  EUR 275 000.000
Loan term: 18 months.
Interest rate: 19.5% per annum.
LTV: 75%
Interest payments: paid monthly
Loan repayment: In full at the end of the Loan Term.
Crowdestor BuyBack fund: Yes
Collateral: Guarantee issued by the Borrower and pledge on the vessel.
Collateral Agent: Crowdestor Security Agent OÜ
 
 
Remember - interest rate payments start calculating from the day you make your investment!

 


 

The Project


International tourism and leisure company is planning to raise capital for acquisition of SANLORENZO SL62 Yacht with Port and Flag of Registration in Langkawi, Malaysia.
Business concept – daily and weekly rentals of Yacht or organising individual cruise trips in Gulf of Thailand - Malaysia, Singapore, Thailand, Cambodia and Vietnam.
 

About the Vessel


Vessel Name: CARACHOLJA
Hull ID Number (HIN): SPZ600018
Official number: 701144
Year: 2006
Make and Model: San Lorenzo 62
Designer & Manufacturer: Cantier Navali San Lorenzo SpA, Italy
Port & Flag of Registration: Langkawi, Malaysia #701144
 

VESSEL SPECIFICATION

Type: Motor Yacht
Construction: GRP
Length Overall (L.O.A.): 18.87
Beam: 5.14 m
Draft: 1.79 m
Gross Tonnage: 47.51 T
Engine: Marine Diesel Inboard x 2
Drive System: Shaft & Propeller
Fuel Capacity: 4200 liters
Water Capacity: 1000 lt
Guest Cabins: 1 x Owner Stateroom with Ensuite , 2 x Guest Twin with Ensuite
Crew Cabins: 1 x Crew Twin with Ensuite
 

NAVIGATION

Speed Instrument: Dash Mount plus Integral with Simrad Electronics
Depth Sounder: Integral with Simrad Electronics
Compass: Lower Helm & Flybridge
GPS: Integral with Electronics
Chart Plotter: Simrad NSS 12 MFD Lower Helm & Flybridge
Radar: Simrad 4G radar Scanner
Auto Pilot Robertson: AX 3000
AIS: Em-Trak B100 SSB Furuno Navtex Furuno
VHF radio: Simrad RS35 (DCS) & HS35
Search Light: Yes
 

Market value of the Vessell


Value of the vessel according to valuation report – USD 550 000 equal of EUR 490 000.
The estimated fair market value was determined by cross-referencing data from yacht sale market and other brokerage listings or local dealers. Adjustments are then made for condition or equipment as necessary. The fair market value is for the vessel in its current condition prior to any repairs or maintenance. Estimated replacement cost was determined using information obtained from local dealer prices using the same or similar make and model with similar equipment options.
Vessel condition according to valuation standards – average condition.
Estimated current fair market value – USD 550 000
Estimated replacement costs according to valuation – USD 25 000
Replacement costs according to offer – USD 11 500
Suitability for intended service: Vessel is considered fit for its intended use and upon correction of all listed recommendations.
 

Insurance


SANLORENZO SL62 Yacht will be insured according to international standards. Full insurance consists of 3 insurance policies:

 

  1. Personal Accident – with compensation cap in personal injury case EUR 150 000.
  2. Third Party Liability – with combined single limit for personal injury and/or property damage  EUR 10 000 000,00;
  3. Hull insurance – with agreed fixed value of hull including inventory, equipment, engine and tenders of EUR 1 000 000,00.


 

Investment, equity and LTV


Total investment consists of EUR 520 000 – acquisition price of EUR 490 000, EUR 10 000 replacement costs, registration, fees and legal costs EUR 20 000.
Owners equity: EUR 145 000
Target loan from CROWDESTOR investors: EUR 375 000
LTV: 75%
 
[embed]https://www.youtube.com/watch?v=Iqto9_pLz6o[/embed]
 
 

Gulf of Thailand countries


Sweeping around in a loop from the skinny isthmus leading to Malaysia  across to the east and the ancient temples on the Cambodian border, the Gulf of Thailand  definitely has the best of the country’s islands and beaches.
But it also holds some of the most “sun-kissed, life-in-a-backpack, live-forever” kind of vibes and memories for you to claim as yours.
Visiting Gulf of Thailand, with countless exotic and extremely magnificent islands, will be more than just a holiday, it will become a part of your life that you will definitely never ever want to leave.
It is more than just a destination - it is a whole new kind of an adventure. To cruise with the yacht through the indigo waters that hold a colorful world, to breathe in the fresh ocean air together with sipping the coctails while watching the dolphins play in the rays of sunshine somewhere further in the waters, feeling as if there is nothing else than just peace, happiness and beautifully exotic world all around you to see and never stop exploring.
That is what Gulf of Thailand is and so much more. Impossible to forget. Impossible to be explained.
 
In annex:

  • Vessel technical information;
  • REPORT OF MARINE SURVEY - condition and value;
  • Renovation estimate;
  • Registration card.

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