FF Forest Agricultural loan Financé

Ce projet est clôturé. L'analyse ci-dessous reflète les informations disponibles au moment de la souscription et n'a pas été mise à jour.

Forest Project 20250009

Avoid

score / 100

Yield

18%/yr

Duration

24 months

Min. ticket

500 €

Amount raised

70 k€

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À propos

Loan of €70,000 to FF Forest for acquisition and management of forest land in Latvia. The model consists of purchasing undervalued deforested land, reforesting it to generate carbon credits and reselling agricultural land. Duration of 24 months, rate 18%/year, with early exit possible at 6 and 12 months.

Plateforme · 1.0/25

A1 · Statut réglementaire 0.0/8faible

AMF status not disclosed ('?')
No identifiable agrément AMF, ECSP, statut réglementaire CIP, IFP or equivalent EU licence in the registers consulted
RESEARCH REQUIRED: AMF register 'ff forest' + registre ORIAS + ESMA
Score 0/8 by principle of prudence
Would trigger RF5 (−10 pts) on any associated project

A2 · Track Record 0.0/6faible

No identifiable published statistics: default rate N/C, delay rate >90d N/C, actual vs announced return N/C
Penalty −2 pts applied + all base scores at 0
RESEARCH REQUIRED: 'ff forest' statistics platform default delay

A3 · Rigueur de sélection 0.0/4faible

No information on project selection process, selection rate, committee or borrower KYC identifiable
RESEARCH REQUIRED: 'ff forest' project selection process

A4 · Santé financière 0.0/4faible

No information on the financial health, shareholding or history of the platform
Impossible to confirm the legal existence of 'ff forest' in the available registers
Score 0 by prudence

A5 · Protection investisseurs 1.0/3faible

No agrément AMF/ECSP licence confirmed, therefore no automatic attribution of the regulatory point
1 pt awarded as minimal hypothetical credit if legal existence subsequently confirmed
RESEARCH REQUIRED: ff forest general conditions, fund segregation, secondary market

Projet · 9.0/75 (17.0 brut, red flags −8)

B1 · Instrument & Structure 3.0/10faible

B1.1: 2/5 - Non-standardized loan, hybrid instrument mentioning RWA/blockchain with sparse documentation

B1.2: 0/3 - Direct borrowing from FF Forest, Latvian law not detailed, structural opacity

B1.3: 1/2 - Rank claimed (Latvian commercial register) but mortgage not formally registered

B2 · Opérateur & Track record 3.0/15faible

B2.1: 2/4 - Morgan Yvon Charles D. appointed, but without complete verifiable public profile

B2.2: 0/5 - No documented forest operations delivered by FF Forest

B2.3: 0/3 - No platform history

B2.4: 1/3 - Entity registered in Riga, no identifiable proceeding but financial statement unavailable

B3 · Garanties & Sûretés 2.0/15faible

B3.1: 2/9 - Security over Latvian forest land mentioned but not registered as verifiable first-ranking mortgage; registration in Latvian commercial register not equivalent

B3.2: 0/4 - Guarantor (FF Forest) without public financial statement

B3.3: 0/2 - No identified banking partner

B4 · Structure financière 2.0/15faible

B4.1: 0/5 - Loan-to-Value (ratio prêt/valeur actif) not calculable, no forest asset valuation provided

B4.2: 0/4 - No documented equity contribution

B4.3: 0/4 - No stress test presented, Loan-to-Value (ratio prêt/valeur actif) unknown

B4.4: 2/2 - Timbro €80M turnover, multi-revenue model (timber, carbon, land) credible if confirmed

B5 · Pré-commercialisation 3.0/10faible

AGRI: FF Forest portfolio data not communicated; Timbro presents a history of 75 professionals and €80M turnover but independent of FF Forest
Concentration and clients not detailed
3/10 by default

B6 · Permis & Maturité 3.0/5

Forest activity registered in Latvian Commercial Register, legal structure present
Early-stage activity not established over 2 documented years
3/5 for sound legal structure but age not confirmed

B7 · Marché & Localisation 1.0/3faible

Latvian agricultural/forest market stable, 2024 harvest up 15.5%
But secondary forest market illiquid, land exit prices not documented, inflation and input cost increase risks

⚠ Alertes détectées · −8 pts déduits

Plateforme non régulée Déjà comptabilisé dans le score plateforme (A1)

FF Forest platform without any verifiable PSFP/ECSP/CIP/IFP licence - −10 pts

Rendement élevé sans garantie réelle −3 pts

Rate served 18%/year without registered real security (mortgage or registered pledge) - −3 pts

Aucune garantie réelle sur ce projet −5 pts

No verifiable real security (registered mortgage, registered pledge) on €70,000 loan - −5 pts

Points forts

✓Timbro partner with €80M turnover brings operational forest credibility.

✓Registration in Latvian Commercial Register provides minimum traceability.

✓Early exit options at 6 and 12 months improve theoretical liquidity.

✓Latvian forest market in growth, 2024 harvest up 15.5%.

Risques identifiés

!FF Forest: no PSFP, ECSP, CIP or IFP licence identified in EU registers.

!Rate of 18%/year well above AGRI standard (5-10%) without registered real security.

!Forest asset valuation absent; LTV impossible to calculate.

!FF Forest operator without public financial statement or documented track record of delivered projects.

!RWA/blockchain instrument without recognized legal framework in standard French or EU law.

⚠ Avertissement sur les risques

Investir en crowdfunding comporte un risque de perte partielle ou totale du capital, ainsi qu'un risque d'illiquidité. Selon le baromètre France FinTech / Forvis Mazars 2025, 25 à 30 % des projets accusent un retard de plus de 6 mois et 4 à 6 % entraînent une perte définitive. Ne placez jamais plus de 5 à 10 % de votre patrimoine en crowdfunding et diversifiez sur au moins 10 projets. CrowdPickr est un service d'information indépendant, non agréé en tant que conseiller en investissement. Les analyses présentées ne constituent pas un conseil en investissement personnalisé.