The project Les Bastides by Raizers

Review of the project Les Bastides by Raizers

Review's score :

This review is proposed by Sébastien on 20/12/2023

⏰ The project starts on 22/12/2023 14h00
⏱ The duration of the project is
💼 Minimum amount to invest is 1000€

🤖 Review's summary

Analysis of the project "Les Bastides" on Raizers, analyzed by Sébastien HO-YU-HIN

The project will take place on December 22, 2023 at 14:00:00. Overall review: Simple project with no technical difficulties. Good guarantees.

Project Details

Type of project: Purchase - resale without renovation

Amount to be financed: 205,000 EUR

Repayment: In fine (repayment of capital) - In fine (interests)

The project involves the acquisition of a piece of land which will be divided into 2 buildable plots. The 2 lots will then be resold.

Strengths and Weaknesses

Strengths:

Decent yield
GAPD (Equity to Debt Ratio) is good, as the holding is not heavily indebted
80% mortgage coverage
Good location in a residential area with nearby amenities
Reasonable acquisition price and selling price
Promises of sale already signed without suspensive conditions
Minimal amount of work required
Operator has experience in this type of operation
Low percentage of delays and no definitive losses in previous projects

Weaknesses:

Yield is below the average yield of previous projects on Raizers
High LTA (Loan to Acquisition) and LTS (Loan to Sale) ratios
Low operator commitment
Market slightly declining in the area
Operator is moderately indebted

Warning:

Operator's personal guarantee not taken into account

Overall, the project "Les Bastides" seems to have good potential. Although the yield is slightly lower than average and the operator's debt situation raises some concerns, the project benefits from a good location, reasonable acquisition and selling prices, and pre-sales already in place. The minimal amount of work required and the operator's experience in this type of operation also contribute to its attractiveness. Additionally, the project offers good guarantees such as a first-ranking mortgage, GAPD, and surety. It's definitely worth considering for investment. Remember, if you decide to invest, don't forget to use the referral code "MBS" during your registration on Raizers to get a €100 bonus after your first and second investments. Happy investing!