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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 9
| 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 11/07/2024 11h00
💰 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 is scheduled for July 11, 2024 with an overall assessment: rather weak guarantees, experienced operator, rather realistic exit price, 29% of pre-sold turnover, relatively low contribution from the operator, and works representing 53% of the total cost.
The project involves the purchase of a 17,312 m² land. The goal is to carry out development work (roads, networks, etc.) to offer 32 building plots totaling 11,727 m² for sale. Out of these 32 plots, 31 will be for individual houses (10,857 m²) while the last one will be for social housing (870 m²).
Challans (Vendée) is a town with 23,000 inhabitants located 60 km from Nantes and 43 km from La Roche-sur-Yon.
The project offers a high yield of 11%, which is above the average yield of the latest projects at Fundimmo. The guarantees include a high GAPD amount of equity capital, a personal guarantee with a net worth of €2 million, and pre-sales of around 29% of turnover.
The operator's financial health shows a slightly high debt/equity ratio but moderate debt/assets ratio. The project benefits from realistic exit prices for unsold plots. The optimistic margin scenario is 12%, while the pessimistic scenario is 5%. There is a good track record of the operator with over 15 years of experience.
However, there are some concerns about financing levels, project delays, and low operator engagement. The platform quality is good with low delays and no permanent losses.
In conclusion, the Clos Fleuri project at Fundimmo presents an interesting investment opportunity with a high yield, realistic pricing, and a reputable operator. While there are some risks to consider, such as financing levels and project delays, the overall package seems solid. The bonus offer with the referral code OR100 adds extra value for potential investors. Overall, I would recommend further consideration of this project for investment.
Feel free to explore more about the project and consider using the referral code OR100 for the bonus offer on Fundimmo website.
39 voters
👎59% 👍0% 🤷8% 🏳️33%
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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