The project Les Tanneries by Homunity

Review of the project Les Tanneries by Homunity

Review's score :

This review is proposed by Hélène Mayet on 18/03/2024

⏰ The project starts on 15/03/2024 16h00
💰 The estimated rate of return is 11.5% per year.
⏱ The duration of the project is 30m
💼 Minimum amount to invest is 1000€

🤖 Review's summary

Analysis of "Les Tanneries" Project by Homunity

Project Analysis: "Les Tanneries" by Homunity

Overview:

Despite the ideal location of the project, there are significant missing pieces of information that prohibit investing with confidence in this project. The lack of mortgage coverage, high company debt, and other undisclosed details raise red flags.

Project Details:

Type of Project: Purchase - renovation/construction - resale

Amount to Finance: 1,700,000 EUR

Repayment: In fine for capital, annual interest

The project involves the restoration of the old tanneries in the city center to create 664 m² of living space. Oscar Development will undertake restoration work while adhering to the original building's typology and materials, ensuring quality interior renovation.

Strengths and Weaknesses:

Strengths:

High Yield: 11.5%
Operator Commitment: 56%
Location: Central Troyes, close to key attractions
Historic Building: Potential for unique property
Low Delays and Losses at Homunity

Weaknesses:

High Debt Level
Uninscribed Mortgage: Unclear Security
Company Health: Significant Debt Ratio
No Pre-Commercialization Data
Decreasing Property Prices in the Area
Complex Construction Challenges

Final Verdict:

In conclusion, the "Les Tanneries" project by Homunity raises several concerns regarding financial stability, lack of transparency, and potential market risks. The high debt levels, coupled with insufficient security measures and uncertainty in property prices, make this project a risky investment choice. While the location and historic nature of the building offer potential, the overall project's weaknesses outweigh its strengths, making it a questionable investment option.

Historial rates of return Homunity

Investor votes results for the project: Les Tanneries

40 voters
👎70% 👍5% 🤷3% 🏳️23%
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.