The project Le Didonne by Baltis

Review of the project Le Didonne by Baltis

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 14

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 13/06/2024

⏰ The project starts on 14/06/2024 14h30
💰 The estimated rate of return is 11.5% per year.
⏱ The duration of the project is 12m
💼 Minimum amount to invest is 100€

🤖 Review's summary

Analysis of the Le Didonne project at Baltis by Hélène Mayet

The project is set to take place on 2024-06-14 at 14:30:00 with an overall rating of good location, good margin, a company with strong financial statements, and pre-commercialization.

I quite like this project. What about you?

👷‍ Project Type: Purchase - renovation/construction - resale

💶 EUR 250,000 to be financed

⏰ Capital repayment: In fine. Interest: 1 year In Fine.

Financing a property developer's operation involving the acquisition, division, and resale of a commercial building in Saint-Georges-de-Didonne

✅ Yield 11.5% -> high

✅ The yield is higher than the average yield (11.08%) of the latest projects at Baltis

✅ Guarantee Type: first-rank mortgage, guarantee

✅ Mortgage coverage: 70% -> correct

❗ Pre-commercialization: offer. Pre-sold at 50% with suspensive conditions: financing obtained

✅ Health of the company carrying out the operation: Amount of equity, net debt/equity ratio < 2.5 ?: 0.03: perfect

❗ Location: town of fewer than 10k inhabitants but attractive sector.

✅ Nearby: shops, schools, restaurants

✅ Exit price: realistic

✅ Prices have increased by 0.7% over 1 year

✅ Margin in optimistic scenario: 14% -> correct margin

❗ Margin in pessimistic scenario (+10% amount of work, -10% discount, +20% time for work): 5% -> correct margin

✅ State of the property: under renovation

✅ State of the street and neighborhood

✅ Urban planning risk: none

✅ History of similar projects by the developer: more than 3 operations of the same type

❗ Outstanding financing and operator's delay: a pending amount

✅ Complexity of work: simple

✅ Realistic duration of work: yes

❗ LTA (Loan to Acquisition): 142% -> high

✅ LTS (Loan to Sale): 63% -> low

LTC (Loan to Construction Cost): 0%

✅ Operator's commitment: 27% -> high

✅ Geopolitical situation: France

✅ 5.42% delays of over 6 months at Baltis -> low

✅ 0% definitive losses at Baltis -> low

💎 BONUS

■ Enter Referral Code BLUERSKY when signing up.

■ Enter your email by clicking on the Bonus link.

✅ 25€ after the first investment

➡️ Bonus Link: Bonus Link

The referral code is BLUERSKY

My Opinion

This project seems to have a lot of positive aspects, such as a good yield, realistic margins, strong financial health of the company, and a realistic approach to the renovation. The pre-commercialization at 50% also indicates strong interest in the project. Overall, I find this project promising and potentially rewarding for investors. So, why not give it a shot and invest in the Le Didonne project at Baltis?

Historial rates of return Baltis

Investor votes results for the project: Le Didonne

35 voters
👎37% 👍20% 🤷23% 🏳️20%
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.