The project Appartements Jego by Bricks

Review of the project Appartements Jego by Bricks

Review's score :

This review is proposed by Hélène Mayet on 07/03/2024

⏰ The project starts on 11/03/2024 12h30
💰 The estimated rate of return is 11% per year.
⏱ The duration of the project is 18m
💼 Minimum amount to invest is 10€

🤖 Review's summary

Analysis of Jego Apartments at Bricks Project by Hélène Mayet

Project Analysis: Jego Apartments at Bricks

Project Overview

Project Date: March 11, 2024, 12:30 PM

Overall Review: Good project with a very interesting guarantee, well-located in the center of Paris. I have a slight concern about the company's financial health.

Analysis

Type of Project: Purchase - renovation/construction - resale
Amount to be financed: €1,236,000
Repayment: In fine for capital, 1m. for interests

Strengths and Weaknesses

Return: 11% - high
LTA (Loan to Acquisition): 128% - high
LTS (Loan to Sale): 62% - low
Operator's commitment: 8% - low
Guarantee: First-rank mortgage

Location and Surroundings

The project is located in Paris 13, a district with 180,000 inhabitants, close to Chinatown and the Luxembourg Gardens. It offers a calm environment and is surrounded by various amenities such as restaurants, shops, and markets.

Market Outlook

Price Estimated: Optimistic scenario - Project Price €15,557/m2, Market Price €10,293/m2 (high end of the price range).

Optimistic Scenario Margin: 57% - high

Pessimistic Scenario Margin: 41% - high

Feedback

Overall, the Jego Apartments project at Bricks seems promising with its high returns and favorable location. However, the financial health of the company raises a concern. The project's profitability and the guarantee provided are attractive points. If the company can address its financial stability, this could be a lucrative investment opportunity.

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Historial rates of return Bricks

Investor votes results for the project: Appartements Jego

59 voters
👎54% 👍19% 🤷8% 🏳️19%
To vote :

Hélène Mayet
My name is Hélène Mayet, I am an HR Assistant, I also have a self-employed English course business at home. My investments started in 2020 with shares on the stock market. Little by little I became interested in ETFs, particularly on the S&P500 and in real estate. While researching real estate and its opportunities, I discovered Crowdfunding in which I began to invest in 2022. I mainly invest in La Première Brique and Upstone.