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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 12
| 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 04/07/2024 17h00
💰 The estimated rate of return is 10% per year.
⏱ The duration of the project is 18m
💼 Minimum amount to invest is 1000€
🤖 Review's summary
The project, scheduled for July 4, 2024, presents a mixed bag of characteristics. The guarantees offered are somewhat weak, although the exit price is reasonable. A significant 87% of the pre-sales revenue is secured, and the operator is experienced. However, there are concerns regarding the substantial construction work required and the apparent delays in two projects.
Type of Project: Refinancing
Amount to be financed: €1,640,000
Repayment: In fine for the capital, In fine for the interests
Description: The project involves the construction of a real estate complex comprising 5 buildings with a total of 127 units (8,858 m² of living space), including 87 social housing units and 40 private housing units, along with 5 shops, a nursery, and 201 parking spaces. The land has been acquired, and construction commenced in January 2024.
Location: Saint-Pierre-du-Perray, a town of 12,000 inhabitants, located 44 km south of Paris (via the A6 motorway) and 17 km from Melun.
✅ Yield 10%: High
❗️ Below Average Yield: 10.6% in recent Homunity projects
Guarantees: Mixed with solid pre-sales but limited financial information
Pre-sales: Strong at 87% of revenue
Location: Favorable within a large town with amenities
Price: Realistic at €3,315/m²
Construction: Significant works with potential delays
Operator: Experienced but with concerns over project delays
Loan ratios: Varying with high LTA and low LTS
Operator Commitment: Relatively low at 6%
Platform Quality: Good track record of minimal delays and losses
💎 Bonus: 1 year free access to the Objectif-Renta investor club
Overall, the Quintessence project at Homunity presents a mix of positives and concerns. While the operator's experience and pre-sales are strong points, the significant construction works and potential delays in other projects raise some red flags. The guarantees offered, while present, lack detailed financial backing. However, with a reasonable yield and realistic pricing, alongside a robust platform reputation, the project still holds promise for potential investors.
27 voters
👎78% 👍0% 🤷0% 🏳️22%
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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