🔎 Detailed Analysis - "Gold Car Rent" Project (8LENDS)

📄 Quick sheet

• Platform : 8LENDS (Maclear group)
• Project Name : Gold Car Rent
• Borrower : GOLD ROAD CAR RENTAL CO. LLC
• Country / sector : Dubai, UAE / B2B vehicle rental
• Objective : Financing the modernization and automation of the factory to increase production capacity
• Amount of the envelope : €511,000
• Yield rate : 23.10% APR
• Duration : 9 months
• Repayment : Principal repaid at maturity, interest paid monthly
• Collateral : Existing fleet and the 10 new vehicles acquired with the loan
• Announced collateral value : 600,000 EUR
• Buyback / buyback guarantee : No (8Lends operates in asset-backed lending; the guarantee = collateral)
• Minimum ticket : 100 USDC

📊 Financial performances

• She started her activities on January 1, 2023
• Revenue Growth : The company experienced strong growth in its revenue, increasing from €102,528 in 2023 to €141,699 in 2024 (+38.2%)
  
• Profitability : Net income declined in 2024 (€24,302), but this is due to a strategic reinvestment of €43,500 in fleet expansion. Without these expenses, adjusted profit would have reached €67,802 (+62.5%)
  
• Projections : Revenue is expected to more than triple in 2025, reaching €507,040, with a projected net profit of €344,129

🔒 Guarantees & security: LTV and leverage

• LTV : The LTV ratio of 85% indicates that the collateral (the fleet) covers the loan. The combined value of the pledged assets is sufficient for the principal of the loan
  
• Asset risk : The collateral consists of vehicles, which experience an estimated annual depreciation of 15%. The liquidity of the assets in the event of default must be considered
  
• Debt : The Debt to Equity ratio of 3.33 is high, indicating a significant reliance on debt financing

🎯 Opportunities (investment thesis)

• Exceptional yield : The rate of 23.10% APR for just 9 months is very attractive
• Secured Contract : The loan is directly tied to the execution of a contract for €256,500, ensuring a stable and predictable source of income for repayment
  
• Strategic Diversification : Expansion into the hospitality sector (with high-end Mercedes Benz Vito vehicles) opens new opportunities beyond the construction industry
  
• Operational efficiency : The fleet utilization rate is very high (300+ days per year)

⚠️ Risk Analysis (home score)

This project has specific features that are crucial to note:

Liquidity risk — Moderate

• The loan has a duration of 9 months with no secondary market, which locks up the capital until maturity.

Client Concentration Risk — Moderate to High

• The company heavily relies on clients in the construction sector. The new contract with the hospitality sector allows for diversification.

Market Risk — Moderate

•   The construction sector in the UAE is cyclical, which can impact rental demand

Depreciation Risk — Moderate

•   The fleet incurs maintenance and depreciation costs

Exchange risk — Low to Moderate

• By investing in USDC, your P&L in € will depend on the EUR/USDC exchange rate at the exit

🧪 Sensitivities & scenarios

• Base scenario : The new vehicles are acquired and put into service quickly. The contract with DUTCO is executed, generating the expected revenue and profit. The loan is repaid in full at maturity, and the investors receive a return of 23.10%.
• Default scenario : In the event of default, creditors will need to liquidate the existing and newly acquired fleet of vehicles. The 85% LTV suggests that the sale should cover the principal of the loan, but asset depreciation and liquidation costs could reduce the coverage.
• Economic sensitivity : A slowdown in the construction sector in Dubai could impact existing and future contracts, increasing the risk of default.

✅ Investor Check-list (Due Diligence)

• Assessing leverage risk : The Debt/Equity ratio (3.33) is a key risk indicator. Ensure that profit projections are robust enough to support this debt
• Monitor the execution of the contract : The commissioning of the 10 Mercedes Benz Vito is essential for the revenues of 2025. The disbursement of the loan is also scheduled in three installments to align with the delivery
  
• Understanding depreciation : Assets (vehicles) depreciate. The business plan must be able to generate enough profit to offset this loss of value of the pledged assets

🧾 Verdict IndexP2P

The Gold Car Rent project offers an exceptional return (23.10%) and a very short duration (9 months), making it very attractive. The investment thesis is solid: the loan finances a contract that is already secured and allows for diversification into the growing hospitality sector.

The risk is primarily related to a high debt leverage (Debt/Equity of 3.33) and the depreciable nature of the collateral (vehicles). However, the LTV of 85% remains reasonable, and the revenue growth potential in 2025 is very significant.

Verdict: A high-potential project, offering excellent returns that offset moderate financial risk, ideal for investors seeking a quick return on capital.