The project Galileo by Lymo

Review of the project Galileo by Lymo

Review's score :

Score details

To assign the grades A and E, we use a Bonus/Malus system.
⚠️ Some criteria may be missing in the detailed list below.
⚠️ The scoring model is not suitable for all types of projects.
The total points for this project is 13

Criteria	Points
mortgage coverage	∅
optimistic scenario margin	∅
pre-commercialization	🟩🟩🟩🟩
track record	🟩🟩
location	🟩🟩
in the vicinity	∅
yield	🟩🟩
LTA	🟩
LTS	🟩
operator commitment	∅
sales price	∅
permanent loss	🟩
late projects	∅
price trend	∅
urban planning risk	∅
debt to equity	∅
debt to asset	∅

This review is proposed by Hélène Mayet on 26/03/2024

⏰ The project starts on 28/03/2024 14h00
⏱ The duration of the project is 24m
💼 Minimum amount to invest is 100€

🤖 Review's summary

Project Analysis: Galileo at Lymo by Hélène Mayet

Project scheduled for 2024-03-28 14:00:00

Overall Opinion:

A non-registered guarantee, low margin, and a company stemming from a highly indebted society. I will steer clear of this project.

Details:

Type of Project: Real Estate Development
Total Funding: 850,000 EUR
Capital Repayment: In fine, Interest: In Fine
Operator: Lymo Home
Construction: 8 housing units and 5 parking spaces for sale

Key Points:

High Yield with a 12% Margin
Pre-Sold at 67% with no suspensive conditions
Located in Montrieul with proximity to amenities
Risk-free in regards to urban planning
History of successful projects by the promoter
Realistic construction timeline
Low loan-to-value and loan-to-sale ratios
No permanent losses in past projects

Criticisms:

Low margin in optimistic scenario
Decreasing property prices in the area (-11.6% over a year)
Complex construction works
Operator's commitment is weak at 6%

Conclusion:

Considering the unstable financial background, low margins, and various flagged issues such as property price decline and weak operator commitment, investing in the Galileo project at Lymo seems risky and unwise. It's best to avoid this opportunity and seek more promising ventures in the real estate sector.

BONUS

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Get 100€ after investing 1000€
Link: Bonus Link
Referral Code: BLUERSKY

Historial rates of return Lymo

Investor votes results for the project: Galileo

37 voters
👎51% 👍19% 🤷8% 🏳️22%
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.