The project Le canigo by Upstone

Review of the project Le canigo by Upstone

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 10

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 10/06/2024

⏰ The project starts on 12/06/2024 10h00
💰 The estimated rate of return is 12% per year.
⏱ The duration of the project is 12m
💼 Minimum amount to invest is 100€

🤖 Review's summary

Analysis of the Canigo Project at Upstone by Hélène Mayet

The project is scheduled for June 12, 2024, at 10:00:00 with the following global review: Low mortgage, heavily indebted new business, and isolated location.

Project Details:

Type of Project: Purchase - renovation/construction - resale
Total amount to finance: €640,000
Capital repayment: In fine. Interest: In Fine
Property developer project involving the acquisition of 2 residential houses with a courtyard and barn on a 601 sqm plot for division and construction of 4 new apartments, commercialized as a block. It includes the resale of a small house and the master's house.
Return on investment: 12% -> very high
Guarantee type: Fiduciary
Mortgage coverage: 46% -> low
Pre-commercialization: compromise. Pre-commercialized at 59% with no suspensive conditions
Seller's financial health: Net equity amount, net debt/equity ratio > 2.5 ?: ratio of 500!
Location: town with less than 10k inhabitants: small village of 700 inhabitants
Nearby amenities: shops
Realistic selling price
Optimistic scenario margin: 11% -> correct margin
Pessimistic scenario margin (+10% amount of work, -10% discount, +20% work time): 3% -> correct margin
Property status: under renovation
Street and neighborhood status: calm, residential
Risk of urban planning: no risk
Previous project history: other
Outstanding financing and operator delay: none
Difficulty of work: medium
Realistic work duration: yes
LTA (Loan to Acquisition): 107% -> high
LTS (Loan to Sale): 69% -> very low
LTC (Loan to Construction Cost): 42%
Operator's commitment: 7% -> low
Geopolitical situation: France
15.83% of delays of over 6 months at Upstone -> high
0% of permanent losses at Upstone -> low

Bonus

Enter your email by clicking on the Bonus link.
For cumulative investments of €1,000 (e.g., 10 projects at €100 each), you receive €15 credited to your Upstone portfolio
Bonus link: Bonus Link
Referral code: BLUERSKY

Opinion on the Project:

In review, the Canigo project at Upstone by Hélène Mayet presents some strengths such as a high return on investment, realistic selling price, and a realistic work duration. However, it also faces challenges with low mortgage coverage, the isolated location of the properties, and decreasing prices in the area. It's crucial for investors to consider these factors before making a decision. Overall, the project seems promising but requires thorough risk assessment and careful monitoring due to the various risks involved.

Historial rates of return Upstone

Investor votes results for the project: Le canigo

32 voters
👎75% 👍3% 🤷0% 🏳️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.