The project SAINT-PAUL AZUR by Clubfunding

Review of the project SAINT-PAUL AZUR by Clubfunding

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 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 Grégory Vaur on 24/07/2024

⚠️ L'analyse détaillée n'est pas diffusée à la demande de ClubFunding.
➡️ Les discussions et votes sur le projet ont lieu sur le club.

⏰ The project starts on 25/07/2024 17h00
⏱ The duration of the project is
💼 Minimum amount to invest is 1000€

🤖 Review's summary

Analysis of the SAINT-PAUL AZUR project on Clubfunding by Grégory Vaur

The project is scheduled for July 25, 2024, at 5:00 PM with the following overall review: Adequate guarantees, experienced operator, ongoing works, selling price above the high range, low margin in case of a discount, indebted company, and significant outstanding amounts from the operator.

Description

This project involves refinancing the operator's own funds following the acquisition of a 1134 m² plot in 05/22. The goal is to build a 192 m² villa with a pool and a garage on this plot. Construction work has already started since the second half of 2022 and is quite advanced, with only finishing touches left to be completed.

Location

Saint-Paul-de-Vence is a town with around 3200 inhabitants, located 8 km from Cagnes-sur-Mer and 20 km from Nice.

Highlights

Raised return, superior to Clubfunding's average return (10.78%).
First-rank mortgage guarantee with 78% coverage, based on a price of €5882/m².
High margin in the optimistic scenario (17%).
No urban planning risk.

Concerns

Negative net equity for the operator.
Selling price above the high range.
Significant outstanding amounts and debt from the operator.

Conclusion

In conclusion, the SAINT-PAUL AZUR project on Clubfunding presents some attractive aspects such as a high return and a solid mortgage guarantee. However, there are concerns regarding the operator's financial situation and the selling price being above the high range. Investors should carefully weigh the pros and cons before making a decision on this project. Overall, the project seems promising but not without risks.

Investor votes results for the project: SAINT-PAUL AZUR

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...