Lendel Media Solutions

Presentation of the company

Created in 2011, Lendel Media Solutions SL is active in the Geospatial solutions sector. The company, managed by Raul Mir Coll has 3 employees and is based in Barcelona.

Mr. Raul Mir Coll, managing director, has overall 20 years of professional experience in the sector.

The company’s main activities are:

• Innovative advanced Hyperspectral & Geospatial Solutions for the enterprises and governments.

• The geospatial images obtained with drone/helicopter mapping plus the software for the analytics of these images have strategic value in numerous applications from habitat assessment and land use planning to regulatory compliance, engineering design, and natural disaster prevention.

The company works with a diversified client base of engineering companies and governments.

Project Description

The company requests 160.000 € with 6 months of deferred repayment to finance the development of their technology to better perform water management projects. The company will develop internally (hiring 3 new employees) a new and unique system to capture and analyse all the relevant data in water management and river courses projects: analysis of riverbank vegetation, flood forecasting, prediction of groundwater conditions, etc. This project will be realised in the next few months.

This project is a Flexible Bridge Loan, an amortizable loan with a standard commitment for the first 9 months and the possibility of early repayment at no cost for the remainder of the loan term, even in the event of refinancing by other financial institutions.

This project is a medium-term loan with a capital amortisation deferment and as such presents a different method of capital repayment than standard projects. The first 6 months, the lenders will only receive interest; the following 30 months, the lenders will receive interest and principal amortization. This principal repayment profile matches the borrower’s financing needs while allowing lenders to earn a higher amount of interest.

As part of their future investment plan, the borrower may come back to the October platform within the coming quarter, up to a maximum exposure of 190000 €. Our analysis takes this into account; the rating of the borrower would not be affected, while the FCCR would become 2.

The amount offered on the platform is limited to 78.400 €, which is in line with the regulatory limits.