The project Seyssel by Baltis

Review of the project Seyssel by Baltis

Review's score :

This review is proposed by Grégory Vaur on 09/02/2024

⏰ The project starts on 15/02/2024 11h30
💰 The estimated rate of return is 12% per year.
⏱ The duration of the project is 18m
💼 Minimum amount to invest is 100€

🤖 Review's summary

The Seyssel project analyzed by Gregory Vaur is a real estate development project that involves the construction of 32 apartments, garages, and 39 parking spaces. The goal is to sell the 32 apartments after completing the construction. Currently, 16 units have been pre-sold. The project is located in Seyssel, a small town with 1,000 inhabitants, situated 38 km from Annecy and 50 km from Geneva, accessible via the A40 highway. The strengths of the project include a high yield of 12%, which is above the average yield of the recent projects at Baltis. The Loan to Acquisition ratio is also high at 772%, but the Loan to Sale ratio is low at 31%. This indicates that the project has a potential for good returns. Furthermore, the Loan to Construction Cost ratio is 49%, which is reasonable. In terms of guarantees, there is a guarantee on the amount of equity capital, with a debt-to-equity ratio of less than 2.5. The project also has a guarantee of completion and a personal guarantee with a net worth of 2.7 million euros. However, there is no available financial statement for the company behind the operation, which could be a potential concern. In terms of pre-sales, 48% of the revenue has been pre-sold through reservation contracts with no suspensive conditions or with financing already obtained. There is also 2% of revenue pre-sold through a reservation contract, but the loan has not been obtained yet. In total, 50% of the revenue has been pre-sold, which is a positive sign. The project is located near a school, a restaurant, and a bank, which adds to its appeal. However, there are potential drawbacks such as proximity to a railway line and the risk of flooding due to its proximity to the Rhône river. The estimated selling price for the unsold units is realistic, falling between the average price and the higher end of the price range in the area. The project has a margin of 8% in the optimistic scenario and 3% in the pessimistic scenario. The amount of construction work represents 73% of the cost price. The project also has a low construction risk of 3%. Overall, the project seems to have average guarantees, a realistic selling price, and a decent pre-sales performance. However, the low margin in the case of unforeseen construction work and the operator's relatively low commitment are areas of concern. Nonetheless, with the right management and execution, the Seyssel project has the potential to be a successful real estate development endeavor.

Historial rates of return Baltis

Investor votes results for the project: Seyssel

28 voters
👎68% 👍4% 🤷11% 🏳️18%
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...