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Loan request - 5B - 5 Months
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cryojin
Thoragena Industries Co. Ltd.
#1 - 2012-05-03 12:00:58 UTC
Hey There.

The nitty gritty!

I need a medium term loan to finance the purchase of a pilot.

The bizniz

The pilot will be used for PVE only. If the Pilot I purchase comes in at less than 5B it will be the choice of the investor whether he will prefer a refund on the difference or ride it out for the interest.

The Loan

I need 5B and will offer the following repayment terms:
I will accept blocks of 1B, if I do not fill all 5B the loan will not run.
Repayment Period : 5 Months
Interest Rate : 10%

I am not offering any collateral mainly due to the fact that most of my collateral is tied up in 0.0 at the moment. I could come up with 1Bil in collateral if you dont mind the fact its in 0.0

I am slightly flexible on the terms of the loan. I can give asset API key to investors if required. My current value is about 3 Bil at the moment.
I will disclose that I have used Somer Blink and turned over alot of isk there. All of that financed by plex.

Please only transfer the ISK if the whole 5B gets filled. The loan will start on the date the isk is received.

The Isk!

The way I will be repaying the loan will be something like this (assuming the total comes from one investor otherwise divide interest and capital accordingly.) :
05/05/2012 – I receive 5B
05/06/2012 – I repay 500 mil interest AND 1B towards the capital amount.
05/07/2012 – I repay 400 mil interest and 1B towards the capital amount.
05/08/2012 – I repay 300 mil interest and 1B towards the capital amount.
05/09/2012 – I repay 200 mil interest and 1B towards the capital amount.
05/10/2012 – I repay 100 mil interest and 1B towards the capital amount. This will be the final payment.

Errata

I reserve all rights.

Tl ; Dr

I need a loan of a 5 Billion ISK, the loan will run for five months. Interest paid monthly and will come with an amount of 1B towards the repayment of the Capital owing.

What for! Good Golly Miss Molly!

I would like to add a good PVE pilot to run missions and incursions to my portfolio.

Why?

I want to purchase a character and do not have the isk liquid at the moment. I will be repaying the loan by purchasing Plex every month and selling them to pay back the capital.


Regards

Cryojin.

Edit : I do not always have access to EvE or the forums at work so it may take around 24 hours for me to reply (maximum).
Chevalleis
The Scope
Gallente Federation
#2 - 2012-05-03 12:15:34 UTC
Would you be willing to disclose your alts? Will the money be used solely for the character purchase or will you also buy equipment and ships with it?
cryojin
Thoragena Industries Co. Ltd.
#3 - 2012-05-03 12:20:24 UTC  |  Edited by: cryojin
Chevalleis wrote:
Would you be willing to disclose your alts? Will the money be used solely for the character purchase or will you also buy equipment and ships with it?


I will be willing to disclose that information to an investor. The loans purpose is to purchase the character, if the character is less than 5B, it will be up to the investor if he wants a refund on the difference or wants to ride out the loan for the extra interest.
Eddie Laydon
Laydon Industries
#4 - 2012-05-03 23:17:57 UTC
Isnt it cheaper to just purchase 10 plexes in one go instead of 2-3 every month?
cryojin
Thoragena Industries Co. Ltd.
#5 - 2012-05-04 07:14:04 UTC  |  Edited by: cryojin
I am not sure I follow, I pay $34.99 per GTC regardless of the amount I buy.

Basically I want the pilot now, need the ISK and in return im offering a nice interest rate.
Liberty Eternal
The Scope
Gallente Federation
#6 - 2012-05-04 07:52:17 UTC
10% per month = 500 million = 1 plex. So you will have to buy an additional 5 plex to cover the interest. This means that repaying the loan will cost you 225 Euros in real money - assuming you repay it.
Vera Algaert
Republic University
Minmatar Republic
#7 - 2012-05-04 08:15:02 UTC  |  Edited by: Vera Algaert
Liberty Eternal wrote:
10% per month = 500 million = 1 plex. So you will have to buy an additional 5 plex to cover the interest. This means that repaying the loan will cost you 225 Euros in real money - assuming you repay it.

l2r, it's 3 additional PLEX

@cryojin you haven't posted on MD in a long time. what have you been up to since your last (much smaller) loan?

.
cryojin
Thoragena Industries Co. Ltd.
#8 - 2012-05-04 08:34:55 UTC
Liberty Eternal wrote:
10% per month = 500 million = 1 plex. So you will have to buy an additional 5 plex to cover the interest. This means that repaying the loan will cost you 225 Euros in real money - assuming you repay it.


As pointed out above it would be more like 3 extra plex. The interest amounts I could pay easily with mission running or even mining. The plex will only be for the 1 bil amounts, will be 5 x GTC over the period ($175-00).
cryojin
Thoragena Industries Co. Ltd.
#9 - 2012-05-04 08:41:34 UTC
Vera Algaert wrote:


@cryojin you haven't posted on MD in a long time. what have you been up to since your last (much smaller) loan?


A bit of this and alot of that... Some 0.0, some manufacturing etc. I also was away from the game for a while and came back a few months ago.
Liberty Eternal
The Scope
Gallente Federation
#10 - 2012-05-04 09:19:32 UTC
cryojin wrote:
Liberty Eternal wrote:
10% per month = 500 million = 1 plex. So you will have to buy an additional 5 plex to cover the interest. This means that repaying the loan will cost you 225 Euros in real money - assuming you repay it.


As pointed out above it would be more like 3 extra plex. The interest amounts I could pay easily with mission running or even mining. The plex will only be for the 1 bil amounts, will be 5 x GTC over the period ($175-00).


I stand corrected.
Packtu'sa
Nabaal Construction and Industrials Corp
Nabaal Syndicate
#11 - 2012-05-04 16:53:54 UTC
Interest rates in EVE are much higher than those in real life. Why are you using an EVE loan as a tool to manage your RL finances?
cryojin
Thoragena Industries Co. Ltd.
#12 - 2012-05-04 17:04:10 UTC  |  Edited by: cryojin
Because spending $200 dollars in one month on a game sounds bad in my mind, better to split it up. Easier to fool myself. Lol
Besides as I mentioned above I will be paying the interest by missioning or mining, so the interest will not be RL financed only the principal.
cryojin
Thoragena Industries Co. Ltd.
#13 - 2012-05-07 20:43:38 UTC  |  Edited by: cryojin
So how much does an Audit cost these days and how much difference does it actually make when you already disclosed all of the important information ?

Now that alot of War decs are over, I am trying to get assets to highsec to liquidate or/and be used as collateral.

Edit : I can offer 3 + Bil Collateral, 2.5 bil will be high sec, 1 bill will be 0.0

Bleh Tengu prices seem to be inflating rapidly. Such a shame!
Commander Godsmack
Federal Navy Academy
Gallente Federation
#14 - 2012-05-08 05:43:51 UTC  |  Edited by: Commander Godsmack
Your last post claims you can provide 3.5 billion isk total collateral. I may be game to comp you for this amount of the 5 bill you seek however because of your model and presentation I will have to have the collateral.
Depending on variables such as what the collateral is and where and what the null sec goods are what I may cover for could be more than 3.5 billion or less than this amount.

Convo and e-mail me in game to get started Bear
cryojin
Thoragena Industries Co. Ltd.
#15 - 2012-05-08 11:00:17 UTC
Mail sent with details.
OllieNorth
Recidivists Incorporated
#16 - 2012-05-08 13:32:47 UTC
Collateral in 0.0 is actually worse than no collateral.