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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 14
| 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 27/08/2024 12h30
💰 The estimated rate of return is 7.2% per year.
⏱ The duration of the project is ∞
💼 Minimum amount to invest is 100€
🤖 Review's summary
The project is scheduled for August 27, 2024, at 12:30:00 with an overall evaluation of a 7.2% return in year 1 and a target I.R.R of 9.56% in year 8. It involves a dental center located in the hyper-center of Angers, close to many shops. The acquisition price is good, and the rent is on the higher side. The tenant is rated 3.4/5.
Type of Project: Rental Investment
Amount to be Funded: 1,432,000 EUR
Capital Repayment: In fine. Interest: Monthly.
Property Description: The project involves acquiring a 250 m² commercial space currently leased by a dental center with 7 cabinets.
Location: Angers is a city of 157,000 inhabitants located 92 km from Nantes and 93 km from Le Mans. The property is in the hyper-center of Angers, close to Place du Ralliement and Rue Lenepveu (a shopping street).
✅ 7.2% Return: Decent.
❗ Below Average Return: Lower than the average return of recent projects at Tantiem.
❗ Initial Payment: First rent due on October 15, 2024 – a little over a month and a half without rental income.
Guarantee Type:
✅ Legal Mortgage: Covering 87% of the acquisition price – satisfactory
✅ Good Acquisition Price: 1.25 million EUR, 5,000 EUR/m² lower than the capitalization estimate of 1.436 million EUR.
✅ 10-Year Commercial Lease: Signed in September 2021 (with 6 firm years).
Many other aspects have been evaluated, such as the rental price, indexation, property condition, location, tenant quality, and target I.R.R.
This project in Angers seems promising with a good potential return and stable leasing conditions. The location of the property, in the bustling hyper-center and close to various amenities, adds value to the investment. While there are some minor concerns like the initial rental delay and tenant ratings, the overall picture looks bright. Considering the long-term prospects and the efforts for environmental enhancement through parking area landscaping, this investment could prove to be both financially rewarding and socially responsible. So, let's be optimistic and look forward to reaping the fruits of this smart investment opportunity!
BONUS:
Promotion Code: MBS
Boosted Rate: +2.3%
Join Now: Sign Up with Bonus Code MBS
35 voters
👎23% 👍31% 🤷11% 🏳️34%
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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