The project Lille Basse by Baltis

Review of the project Lille Basse by Baltis

Review's score :

This review is proposed by Grégory Vaur on 19/12/2023

⏰ The project starts on 22/12/2023 11h30
💰 The estimated rate of return is 11% per year.
⏱ The duration of the project is 12m
💼 Minimum amount to invest is 100€

🤖 Review's summary

Analysis of the Lille Basse project by Baltis analyzed by Grégory Vaur

The project is scheduled to take place on December 22, 2023 at 11:30:00 am. Overall, the guarantees are decent, the starting price is realistic, but there is no pre-commercialization and the profit margin is low in case of discount.

Project Analysis:

Type of Project: Purchase - renovation/construction - resale

Total Funding: 450,000 EUR

Note: The minimum investment amount for this project is 1€ instead of the usual 1000€.

Capital Repayment: In fine. Interest: in fine.

Project Description:

This project involves the purchase of a 122 m² triplex apartment located in Vieux-Lille. Currently, there are ongoing works on the facade that are the responsibility of the seller. The goal is to carry out additional renovation works on the interior of the property and then resell it.

Location:

Lille is the tenth largest city in France with a population of 236,000. It is located 15 km from Roubaix and 40 km from Lens (via the A1 motorway).

Strengths:

High yield of 11%.
The yield is higher than the average yield (10.88%) of the latest projects at Baltis.
LTA (Loan to Acquisition) is high at 123%.
LTS (Loan to Sale) is low at 69%.
Operator's commitment is high at 28%.
First-ranking mortgage with a mortgage coverage of 81%.
Interest points of interest within 2 km of the property.
Realistic sale price estimation (5328€/m²).
Acquisition price of 2991€/m² is below the lower range.
Good condition of the property after renovation.
Amount of works represents 17% of the total cost.
Reasonable price of the works at 787€/m².
Urban planning risk: Authorization obtained by the previous seller.
Several successful projects already completed by the operator.
Low delay rate of more than 6 months (9.04%) and no permanent losses at Baltis.

Weaknesses:

No pre-commercialization has been done.
Low profit margin in case of a 10% discount on the sale price.
Three personal guarantees with a net worth estimated at 3.9 million euros.
Blank financial statement for the company carrying out the project.
No ongoing financing or delays known at this time.

Conclusion:

In conclusion, the Lille Basse project by Baltis seems to have potential with its high yield, low loan ratios, and a realistic sale price. However, there are some weaknesses such as the lack of pre-commercialization and the low profit margin in case of a discount. It is important to consider these factors before investing. Overall, the project appears promising and could be a great opportunity for investors looking to participate in the real estate market in Lille.

Historial rates of return Baltis

Investor votes results for the project: Lille Basse

55 voters
👎29% 👍27% 🤷22% 🏳️22%
To vote :

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...