The project L'Inédit by Wevest

Review of the project L'Inédit by Wevest

Review's score :

This review is proposed by Grégory Vaur on 03/12/2023

⏰ The project starts on 06/12/2023 10h00
💰 The estimated rate of return is 11% per year.
⏱ The duration of the project is 18m
💼 Minimum amount to invest is 1000€

The project "L'Inédit chez Wevest" is a refinancing project that aims to construct 58 residential units in Lamentin, Martinique. The construction project is already underway, with the foundation works in progress. The project will be financed through pre-sales, and the repayment of the loan will be done in a lump sum at the end. Lamentin is a city with a population of 39,000 people and is located on the island of Martinique, just 7 km away from Fort-de-France and the international airport. The strengths of this project include a high yield of 11%, which is above the average yield of recent projects on the Wevest platform (10%). The loan-to-acquisition ratio is also high at 348%, indicating a low-risk investment. The loan-to-sale ratio is very low at 20%. Additionally, the operator's commitment stands at 35%, which is considered high and shows their dedication to the project. In terms of guarantees, there is a guarantee of completion attached to the holding company, with a debt-to-equity ratio of less than 2.5. However, there are two personal guarantees, but there is no information available about the guarantors' assets. The health of the company involved in the project is somewhat uncertain, as it has negative equity. The pre-commercialization of the project has reached 42% of the sales turnover, but there is no information available about the type of offer or any suspensive conditions. The project's estimated exit price is realistic and falls within the range of comparable properties in the area. The property is in good condition, with new apartments offering sea views, parking spaces, and covered terraces. The building permit has been cleared since August 2023, reducing the risk of any potential urban planning issues. However, there are some potential concerns including the high construction costs, which represent 75% of the total cost, and the relatively low contingency budget considering the size of the project. Nevertheless, the project operator has a successful track record with several successful developments in Martinique. They have no outstanding financing and have not experienced any delays with previous projects. In summary, the project "L'Inédit chez Wevest" seems to have many positive aspects, such as a high yield, realistic exit price, and a committed operator. However, there are some areas of uncertainty, such as the pre-commercialization details and the financial health of the company involved. Overall, it could be a worthwhile investment opportunity, albeit one that may carry a slightly higher level of risk due to these uncertainties.

Historial rates of return Wevest

Investor votes results for the project: L'Inédit

61 voters
👎67% 👍2% 🤷7% 🏳️25%
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Grégory Vaur
Grégory, I am 26 years old and have been an investor in real estate crowdfunding, stock markets and crowd-lending for around 1 year. I trained myself by watching videos on these subjects. I am currently registered on the first brick, Clubfunding, Raizers...