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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 8
| 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 30/05/2024 17h00
💰 The estimated rate of return is 11% per year.
⏱ The duration of the project is 24m
💼 Minimum amount to invest is 1000€
🤖 Review's summary
The project scheduled for May 30, 2024, involves refinancing a part of the equity required by the bank following the land acquisition in May 2021 and September 2023. It includes two real estate development operations:
The first project, Octave in Eybens, involves the construction of a high-rise building with 164 apartments, office space, a commercial area, and parking spots, to be delivered in May 2026. The second project, Domaine des Sétiers in Meylan, consists of four buildings with residential units and parking spaces, to be delivered in April 2026. Both projects are located in Meylan and Eybens, suburbs of Grenoble.
The project offers a high yield of 11%, above the average yield of recent projects at Homunity. It comes with a financial guarantee and pre-commercialization of around 54% through reservation contracts. The selling prices of the units are realistic for Eybens but slightly optimistic for Meylan. Significant construction works are required, representing a major portion of the total cost. The operator is experienced, with no known delays, but the financing engagement and the loan metrics are on the higher side, indicating some risks.
In conclusion, the Multiprojects GTR 2 project at Homunity presents an opportunity with attractive returns and pre-sales, despite some concerning aspects like higher loan metrics and construction costs. The experienced operator and the positive platform quality provide some assurance. However, potential investors should carefully assess the risks associated with the project before making a decision.
Thank you for considering my analysis of the project!
32 voters
👎66% 👍0% 🤷6% 🏳️28%
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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