I am seeking a loan from the frequenters of the MD forums for the total amount of 250b ISK. The duration of this loan will be six months from the start date. The start date is the date on which the entire sum of the Loan has been received by me and will be announced in the thread. Payments will be made to creditors at the end of each 30-day period after the start date. Interest is calculated at the specified rate per 30-day period based on the remaining principal balance at the start of the respective period. Any remaining balance on the principals will be paid with the final interest payment at the end of the sixth and final 30-day period. Balances owed will be made public by an edit to this post (creditors wishing to remain anonymous may do so via request by mail)
The loan amount may be paid by a single individual or by up to no more than twenty-five parties. All amounts pledged should be multiples of 10 billion ISK. I’m offering a tiered structure for creditors. Creditors lending more benefit from higher interest rates, amortization structuring of the loan for reduced risk, and preferred payment preference in the event of default and liquidation.
Basic: 10b-40b loaned. 5% monthly interest on remaining balance. Principal paid in full at the end of the final period.
Gold: 50-90b loaned. 5% monthly interest on remaining balance. Option for principal to be paid at maturity or for the loan to be repaid via an amortized structure.
Platinum: 100b or more loaned. 6% monthly interest on remaining balance. Option for amortization.
Diamond: 250b (the entire loan). 7% monthly interest on remaining balance. Option for amortization.
Interested parties should post below stating: Tier, Amount, and specification for traditional or amortizing payments (if applicable).
I’m a member of Hard Knocks Inc. Those of you familiar with the nulsec and wormhole metas will know that we are the dominant power in wormhole space and highly effective in PvP in nulsec and wormholes. Our strength in wormholes has given us a strong hold over the most profitable space in EVE: C6 space. Our members are permitted and encouraged to make use of the income here. It has been extremely profitable for us. Currently, I own and have been operating a C6 wormhole for the past 8 months. I have extensive knowledge and experience operating here. I’m currently interested in taking on an additional C6 wormhole to hit an income level necessary for achieving several long term monetary objectives. Running high end wormhole sites efficiently and effectively requires multiple well skilled capital pilots and some hefty infrastructure. The income is excellent but the up-front costs are high.
Rationale for MD Loan
A C6 wormhole provides an average profit of 70b per month from blue loot and salvage in a time efficient manner. A quality operation requires multiple dreadnought pilots, citadels, and well fit capitals. Depending upon skill point prices, characters available for sale, and wormhole connectivity, the cost of a complete setup for a new C6 ranges between 200-240b. With the overhead I have from my current EVE “lifestyle” it would take six months to accrue the funds necessary for the second C6 from my current one. Waiting that amount of time to get setup represents an opportunity cost of 315-350b ISK after accounting for interest payments to be made on this loan.
I already have a wormhole selected with scouts seeded. Once funds are accrued, my first seven days will be dedicated to establishing citadels, acquiring or injecting new characters, and bringing all requisite supplies, ships, and fits in to the wormhole. All new characters will be placed on existing omega accounts and represent no additional overhead costs. After establishing all of this, I should be left with enough ISK on the principal to handle any ‘catastrophic events’ (historically, such events are extremely rare for Hard Knocks). I’ll run the sites for the duration of the loan and pay everyone their due. (And continue running them after that, of course)
Default and Liquidation
In the event that something catastrophic and unforeseen occurs (Hard Knocks implodes after six years of resounding success, something terrible happens irl that forces me to stop playing, etc…) I will do my best to repay everyone. In such a case I will liquidate the capital assets for this operation (characters, ships, etc) to pay back principals. I have personal reserve funds that can go toward covering any deficits remaining post-liquidation. As mentioned previously, on default, repayment preference will be to the largest creditors first.