The project Bourgival by Raizers

Review of the project Bourgival by Raizers

Review's score :

This review is proposed by Hélène Mayet on 22/03/2024

⏰ The project starts on 25/03/2024 14h00
⏱ The duration of the project is
💼 Minimum amount to invest is 1000€

🤖 Review's summary

Project Analysis: Bourgival Project at Raizers by Hélène Mayet

The project scheduled for 25th March 2024 at 14:00:00 has been analyzed by Hélène Mayet. The overall opinion is pessimistic and critical despite some positive aspects.

Project Details

Type of Project: Purchase - renovation/construction - resale

Amount to be Funded: €200,000

Repayment: Capital In Fine, Interest In Fine for 1 year

Analysis

Strengths:

Rendement élevé 11%
Rendement supérieur au rendement moyen des derniers projets chez Raizers (10.83%)

Weaknesses and Warnings:

LTA (Loan to Acquisition) at 158%, considered high
LTS (Loan to Sale) at 79%, considered high
LTC (Loan to Construction Cost) at 133%
Operator's commitment at 4%, considered low
Low Guarantee Type: Second-rank mortgage, bank amount: €1,100,000
No Pre-sales, Pre-commercialized at 0%, no suspensive conditions

Location Details:

Located in Bourgival, western suburb of Paris
Population: 9000 inhabitants, 20km from Paris
Proximity to amenities like airports and hospitals
Quiet residential area

Financial Information:

Estimated Selling Price: Pessimistic at €1375, well below market average
Optimistic Scenario Margin: 17%
Pessimistic Scenario Margin: 7%, considered decent

Other Considerations:

Complexity of construction works
No photos of the property to be renovated
Decrease in prices in the city by -5.6%

Conclusion:

Despite some positive aspects like high returns and a good margin in optimistic scenarios, this project presents significant weaknesses such as low operator commitment, lack of pre-sales, and uncertainties in the margin in pessimistic scenarios. The guarantee provided is not substantial enough considering the risks involved. The decrease in property prices in the city and the lack of detailed property information further raise concerns about the project's viability. Overall, caution is advised when considering investing in this project.

Historial rates of return Raizers

Investor votes results for the project: Bourgival

50 voters
👎76% 👍2% 🤷4% 🏳️18%
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.