The project La Clarence by La premiere brique

Review of the project La Clarence by La premiere brique

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 17

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 01/07/2024

⏰ The project starts on 03/07/2024 15h00
💰 The estimated rate of return is 11.5% per year.
⏱ The duration of the project is 5m
💼 Minimum amount to invest is 1€

🤖 Review's summary

Analysis of Project La Clarence at La Premiere Brique by Jordan R

The project is scheduled for July 3, 2024, at 3:00 PM.

Global rating: Good buy-and-sell project with a change of destination without any renovation work.

Negative point: Slightly low operator commitment (13%).

Positive points: No renovation work required, exit price below the lower range, 90% mortgage coverage, fully pre-commercialized with financing suspensive condition, operator has successfully reimbursed 3 projects at La Premiere Brique.

Project Details:

👷‍ Project Type: Buy - Sell without renovation

💶 133,000 EUR to be financed

⏰ Capital repayment: In Fine. Interest: In Fine.

✅ Yield 11.5% -> high.

✅ Higher yield compared to the average yield (11.11%) of recent projects at La Premiere Brique

Guarantee Type: First-rank mortgage

✅ Mortgage Coverage: 90% -> good

✅ Pre-commercialization: promise. Fully pre-commercialized with suspensive conditions: financing approval

❗ Company's Health undertaking the operation: Equity amount (4884€), net debt/equity ratio > 2.5 = 15 companies with debt but low in value (74577€).

❗ Location: town with less than 10k inhabitants: 1 Rue de Blangy, Calonne-Ricouart, Hauts-de-France

✅ Nearby: shops, schools, restaurants

✅ Exit Price: pessimistic 662 €/m2

Average m2 price 1,375 € from 774 € to 1,980 € (meilleursagents)

❗ Prices have decreased by 1.6% in the past year.

✅ Optimistic scenario margin: 15% -> good margin

❗ Pessimistic scenario margin (+10% work amount, -10% discount): 6% -> good margin

❗ Property condition: secondary renovation necessary

✅ Street and neighborhood condition: residential area

✅ Urban planning risk: urban planning authorization obtained

✅ Historical project holder: over 3 similar operations

Including 3 projects already reimbursed at La Premiere Brique

✅ Work difficulty: no renovation needed

❗ LTA (Loan to Acquisition): 110% -> high

❗ LTS (Loan to Sale): 73% -> high

❗ Operator commitment: 13% -> low

Geopolitical Situation:

✅ 3.1% of delays over 6 months at La Premiere Brique -> low

✅ 0% permanent losses at La Premiere Brique -> low

BONUS

There are 2 BONUSES

➡️ Registration BONUS. +1% additional yield upon registration by clicking on the link below: referral code 6PNX38

➡️ Project specific BONUS. +1% Enter referral code MBS for each investment to receive an additional 1% yield. This only applies to certain projects.

The referral code is MBS

➡️ The link is here: Sign up here

Historial rates of return La premiere brique

Investor votes results for the project: La Clarence

49 voters
👎24% 👍39% 🤷16% 🏳️20%
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

Jordan R is a senior analyst who has already analyzed 129 projects.