The project SANTA FE by Citesia

Review of the project SANTA FE by Citesia

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 19

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 Jordan R on 24/04/2024

⏰ The project starts on 26/04/2024 15h00
💰 The estimated rate of return is 11% per year.
⏱ The duration of the project is 12m
💼 Minimum amount to invest is 1000€

🤖 Review's summary

Project Analysis: SANTA FE at Citesia by Jordan R

Overview

The project scheduled for April 26, 2024, involves a purchase-renovation-resale operation with relatively simple work. It offers a good guarantee with a first-rank mortgage on the property (104% coverage).

Key Points

No precommercialization, but the operator is experienced and knowledgeable in the sector.
Sale price estimates range from €315,000 to €325,000; however, the project holder calculated the margin based on a sale price of €300,000.
Project Type: Purchase - Renovation/Construction - Resale
Amount to finance: €190,000
Repayment: In fine. Interests: 3m

Positive Aspects

High yield of 11%, which exceeds the average yield of the latest Citesia projects (10.83%).
Strong guarantees in place, including a first-rank mortgage and personal guarantee.
Good location with nearby amenities and realistic selling price.
Low risks in terms of urban planning, project history, work difficulty, and realistic work duration.
Engagement level of the operator is high at 32%.

Concerns

Difficult to assess the financial health of the operating company due to the lack of recent financial statements.
Optimistic scenario has a decent margin, while pessimistic scenario shows a slight negative margin.
No interior photos of the property provided.

Final Verdict

Overall, the SANTA FE project at Citesia presents a promising investment opportunity with its high yield, strong guarantees, and favorable location. While there are some minor concerns, the expertise of the operator and the low-risk factors make this project appealing. With the potential for a good return and the bonus incentives available, investing in this project could be a rewarding decision.

Historial rates of return Citesia

Investor votes results for the project: SANTA FE

38 voters
👎37% 👍16% 🤷21% 🏳️26%
To vote :

Jordan R
Jordan, 35 years old, electronics engineer by training. I currently live from my passions as a ski instructor and canyon guide. Investor in the stock market (stock/ETF), physical real estate and more recently in real estate crowdfunding since 2020. I mainly invest on the platforms: ClubFunding, Lapremierbrique and Upstone. My crowdfunding portfolio is over 100k