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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 12
| 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 Grégory Vaur on
⏰ The project starts on 10/04/2024 20h00
💰 The estimated rate of return is 11% per year.
⏱ The duration of the project is 18m
💼 Minimum amount to invest is 100€
🤖 Review's summary
Project Date: April 10, 2024, 20:00:00
Global Review: Correct guarantees, significant operator contribution, experienced operator, slightly optimistic exit price, and low margin in case of discount.
Project Type: Purchase - renovation/construction - resale
Funding Amount: €866,000
Capital Repayment: In fine. Interest: Monthly.
The project involves the purchase of a 486 m² building. The aim is to renovate the building, create 19 units, including 18 residential units (T1 and T2) and a common room. The operator's strategy is to rent the entire space to an association and then sell it to an investor.
Sotteville-lès-Rouen is a town with 29,000 inhabitants located 5 km from Rouen and 52 km from Évreux (via the A13 highway).
The project offers a high yield of 11%, although slightly below the average of recent projects at Tokimo. The primary mortgage with a coverage of 74% is considered adequate. However, personal guarantee without information on the operator's net worth raises some concerns.
Pre-selling has not occurred, but a Letter of Intent (LOI) has been received from a social promotion actor interested in leasing the space. The project location is in a town with over 10,000 inhabitants and close to amenities.
While the exit price is optimistic, a potential good return of 6.5% can be achieved if the LOI signatory becomes the tenant. The property is in excellent condition post-renovation, and all necessary permits have been obtained.
Despite some risks and ongoing projects by the operator, the engagement level is high, providing a sense of security regarding the project's completion.
This project seems promising with its high yield potential and the operator's experience. While there are certain risks to consider, the overall outlook is positive. The location and the quality of the property post-renovation add value to the investment. With careful monitoring and management, this project could yield profitable returns for investors.
36 voters
👎50% 👍17% 🤷8% 🏳️25%
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...
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