The project L'Incroyable by La premiere brique

Review of the project L'Incroyable 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 18

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 10/07/2024

⏰ The project starts on 12/07/2024 12h00
💰 The estimated rate of return is 11.5% per year.
⏱ The duration of the project is 8m
💼 Minimum amount to invest is 1€

🤖 Review's summary

Analysis of the project "L'Incroyable" by La premiere brique

Project Analysis of "L'Incroyable" at La premiere brique by Jordan R

The project is scheduled for 2024-07-12 12:00:00. Overall review: Purchase and resale project after second work on a 63m2 T3 apartment.

Good commitment rate of the operator at 36% and solid mortgage coverage at 103%. The selling price is on the higher end due to the renovation of the property.

Type of project: Purchase - renovation/construction - resale
Amount to be financed: 100,000 EUR
Capital repayment: In fine. Interest: In Fine.

Project Details

The operation "L'Incroyable" is located in Talant, in the Côte-d’Or department. It involves the purchase of a 63 m² T3 apartment in a condominium to renovate it through second work before offering it for resale.

Yield: 11.5% - high
Guarantee type: first-ranking mortgage, personal guarantee
Mortgage coverage: 103% - high
Pre-commercialization: Pre-sold at 0% with no suspensive conditions
Operator's status: company established in 2023
Location: city with over 10k inhabitants
Nearby amenities: shops, schools, restaurants
Optimistic selling price: 3,179 €/m²
Optimistic margin scenario: 21% - high
Pessimistic margin scenario: 11%
Property condition: interior needs renovation
Neighborhood type: residential
No urban planning risks
Project developer's track record: more than 3 similar operations
Scope of work difficulty: low for second work
Realistic project duration
Loan to Acquisition: 97% - low
Loan to Sale: 50% - low
Operator's commitment rate: 36% - high

Geopolitical Situation

3.1% of delays over 6 months at La premiere brique - low
0% of definitive losses at La premiere brique - low

Bonus

There are 2 bonuses available:

Sign-up Bonus: +1% additional yield upon registration by clicking the following link: 6PNX38
Project Bonus: +1% Enter referral code MBS for each investment to receive 1% extra yield. Applicable to select projects only.

Referral code: MBS

Historial rates of return La premiere brique

Investor votes results for the project: L'Incroyable

56 voters
👎21% 👍45% 🤷23% 🏳️11%
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