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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 15
| 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
⏰ The project starts on 17/07/2024 10h00
💰 The estimated rate of return is 13% per year.
⏱ The duration of the project is 16m
💼 Minimum amount to invest is 1€
🤖 Review's summary
Project date: July 17, 2024, 10:00:00
Global opinion: Real estate acquisition and resale project of a castle bought at auction.
Trust and first-rank mortgage on the property with coverage of 75% (on purchase price) and 238% (on the appraised price of €1,900,000).
Significant margin of 46%. The operator plans to gradually lower the price during marketing, with a floor at €1,200,000.
Key point: The property is exceptional and atypical, so there may be difficulties in finding a buyer.
Project type: Purchase - resale without work
Total funding: €800,000
Repayment: Capital - In Fine, Interest - In Fine
The project involves purchasing a real estate complex known as "Château de Beaucouse," comprising multiple buildings with a total area of approximately 1,500 m2 on over 15 hectares of land. The property was acquired through judicial auctions, allowing the operator to purchase it well below its actual value. It will be resold as is.
✅ High return of 13% - very elevated.
✅ Guarantee type: First-rank mortgage, trust
✅ Mortgage coverage: 75% - correct
❗ No pre-commercialization. Pre-commercialized at 0% with no suspensive conditions.
✅ Operator's health: Company created for the operation
❗ Location: Town with fewer than 10k inhabitants - 2 Chemin de Beaucouse, 04380 Thoard
✅ Nearby amenities: shops, schools, restaurants
✅ Realistic exit price at €1,267/m2 based on an appraisal by BPCE banking group at €1,900,000
✅ Increasing prices by 5.4% over 1 year
✅ Optimistic scenario margin: 46% - high margin
✅ Pessimistic scenario margin (+10% work cost, -10% discount): 40% - high margin
Condition of the property: good condition
Property and neighborhood: Isolated castle in the countryside
✅ No urban planning risks
❗ Project sponsor's history: First operation
✅ No work difficulties
❗ LTA (Loan to Acquisition): 133% - high
✅ LTS (Loan to Sale): 42% - very low
LTC (Loan to Construction Cost): 0%
✅ Operator's commitment: 21% - high
Situation: 3.1% of delays over 6 months at La premiere brique - low
✅ 0% permanent losses at La premiere brique - low
There are 2 bonuses:
The referral code is MBS. Click here to register.
This project looks incredibly promising with its high margins, strong guarantees, and the potential for a good return on investment. Despite the unique nature of the property, the strategic pricing and market conditions seem favorable for a successful resale. The historical track record of the sponsor and the low risks associated with the project further instill confidence. Overall, I would say this project presents an exciting opportunity for investors looking for a lucrative venture with a touch of adventure!
76 voters
👎26% 👍38% 🤷24% 🏳️12%
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
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