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DISQUALIFICATION

Platform with no identifiable regulatory licence (RF5 -10 points) combined with rate of 18%/year without registered first-rank real security (RF10 -3 points): net project score 4/75, final score 3.3/100.

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 20250023

Avoid

score / 100

Yield

18%/yr

Duration

24 months

Min. ticket

500 €

Amount raised

250 k€

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À propos

Loan of €250,000 to FF Forest, a Latvian sustainable forestry platform, to finance the acquisition, exploitation and reforestation of land in Latvia. The project is presented as secured by forest assets registered in the Latvian commercial register and traced on blockchain. Annual rate of 18% over 24 months with early exit options.

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 · 15.0/75 (18.0 brut, red flags −3)

B1 · Instrument & Structure 4.0/10faible

B1.1: 2/5 - obligation convertible/unsecured loan without formally registered real security

B1.2: 2/3 - Latvian law mentioned, Commercial Register registration

B1.3: 0/2 - Rank not documented, senior debt probable via planned bank refinancing

B2 · Opérateur & Track record 3.0/15faible

B2.1: 1/4 - 'Morgan Yvon Charles D.' appointed, no verifiable public profile

B2.2: 1/5 - First documented transaction, no forestry track record provided

B2.3: 0/3 - No track record on any platform

B2.4: 1/3 - Unable to confirm in available registers

B3 · Garanties & Sûretés 5.0/15faible

B3.1: 5/9 - Forest land security registered at Latvian Commercial Register; rank not specified, no confirmed first-rank mortgage

B3.2: 1/4 - Guarantor value not assessed, financial data absent

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

B4 · Structure financière 2.0/15faible

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

B4.2: 0/4 - Operator contribution not documented

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

B4.4: 2/2 - Latvian agricultural market stable, future income plausible

B5 · Pré-commercialisation 1.0/10faible

No crop sales contract, no documented CAP payments, no harvest track record
Start-up activity with no portfolio data communicated

B6 · Permis & Maturité 1.0/5faible

Very recent activity, Latvian Commercial Register registration mentioned but legal documents and forestry licences not detailed in the file

B7 · Marché & Localisation 2.0/3

Latvian agricultural market stable, documented productivity growth, 2024 harvest up 15.5%
Risks of inflation and high input costs (fertiliser, energy)

⚠ Alertes détectées · −3 pts déduits

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

FF Forest platform with no verifiable PSFP/ECSP/CIP/IFP licence - no AMF, ORIAS or ESMA register confirms its regulatory existence.

Rendement élevé sans garantie réelle −3 pts

Rate served 18%/year without confirmed registered first-rank real security (mortgage not registered, rank not documented).

Points forts

✓Security on forest asset registered at Latvia Commercial Register.

✓Buyback guarantee and early exit mentioned as investor protections.

✓Latvian agricultural market in growth, documented productivity increase.

✓Blockchain traceability declared for asset audit.

Risques identifiés

!Platform with no identifiable regulatory licence (PSFP, ECSP, CIP, IFP or equivalent).

!Rate of 18%/year without confirmed first-rank mortgage or registered real security.

!Operator with no documented track record delivered, management profile not publicly verifiable.

!No financial data on operator (LTV, equity contribution, financing plan).

!Bank refinancing planned but not signed; no banking partner identified to date.

⚠ 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.