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 20250013

Avoid

score / 100

Yield

18%/yr

Duration

24 months

Min. ticket

500 €

Amount raised

100 k€

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À propos

Loan of €100,000 to FF Forest, Latvian forest management operator, for acquisition and valorisation of forest land in Latvia. Model consists of purchasing deforested land, harvesting timber, replanting for carbon credits and resale to farmers. Term 24 months, guaranteed by forest land registered in Latvian Commercial Register.

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 · 19.0/75 (22.0 brut, red flags −3)

B1 · Instrument & Structure 3.0/10faible

B1.1: 2/5 - obligation convertible-like without formally registered real guarantee, unclear instrument

B1.2: 1/3 - Latvian law mentioned, issuer = direct operator, limited documentation

B1.3: 1/2 - No known senior debt, de facto 1st rank not formally registered

B2 · Opérateur & Track record 4.0/15faible

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

B2.2: 1/5 - First AGRI/forestry documentation, partner Timbro cited but operator role not proven

B2.3: 0/3 - No history on any platform

B2.4: 1/3 - Latvian registers not accessible, verification impossible

B3 · Garanties & Sûretés 4.0/15faible

B3.1: 4/9 - Guarantee on forest land mentioned, registered in Latvian Commercial Register, but rank and value not specified

B3.2: 0/4 - Guarantor not financially evaluated, no balance sheet information

B3.3: 0/2 - No banking partner identified on project <€2M

B4 · Structure financière 3.0/15faible

B4.1: 0/5 - Loan-to-Value (ratio prêt/valeur actif) not calculable, land collateral not valued

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

B4.3: 2/4 - Buyback guarantee mentioned but without documented underlying financier

B4.4: 1/2 - Multiple revenue streams cited (wood, CO2 credits, land resale) without quantified data

B5 · Pré-commercialisation 3.0/10faible

Portfolio data not disclosed
Partnership Timbro (€80M turnover, 75 professionals) lends credibility to activity
No sales contract or harvest history documented
Score 3/10 per AGRI grid

B6 · Permis & Maturité 3.0/5

Registration in Latvian Commercial Register mentioned
Forestry activity apparently established but length of history not confirmed
Legal documents partially documented
Score 3/5 by caution

B7 · Marché & Localisation 2.0/3

Latvian agricultural market stable, 2024 harvest up 15.5%, solid dairy exports
Risks: rising input costs (energy, fertiliser), inflation 3.6% forecast 2026
Established market but cyclical risks

⚠ Alertes détectées · −3 pts déduits

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

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

Rendement élevé sans garantie réelle −3 pts

Rate paid 18%/year without registered real guarantee of confirmed rank (registered mortgage not documented) - deduction -3 pts

Points forts

✓Operational partner Timbro: €80M turnover, 75 professionals, Latvian leader.

✓Latvian forest market growing, 2024 harvest +15.5%.

✓Buyback guarantee and early exit mentioned (terms not verified).

✓Registration declared in Latvian Commercial Register.

✓AI technology (Apply) for forest valuation documented.

Risques identifiés

!FF Forest platform without identifiable regulatory licence (PSFP/ECSP/CIP/IFP).

!Rate 18%/year well above AGRI norm (5-10%), without confirmed registered real guarantee.

!Operator little transparent: manager 'Morgan Yvon Charles D.' without verifiable public profile.

!LTV not calculable: value of forest land pledged as guarantee not disclosed.

!Rising agricultural input costs (energy, fertiliser) documented in Latvia 2024-2026.

⚠ Avertissement sur les risques

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