The project Simart by Wiseed

Review of the project Simart by Wiseed

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 8

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 Hélène Mayet on 31/07/2024

⏰ The project starts on 01/08/2024 14h00
💰 The estimated rate of return is 12% per year.
⏱ The duration of the project is 24m
💼 Minimum amount to invest is 100€

🤖 Review's summary

Analysis of Project Simart at Wiseed

Analysis of Project Simart at Wiseed by Hélène Mayet

Project Overview

The project involves refinancing a portion of the operator's equity for the acquisition of a Haussmann-style building in the 18th arrondissement of Paris, with the aim of renovating it and creating a commercial guest house before selling it individually.

Financial Details

Type of Project: Refinancing
Amount to be Financed: 900,000 EUR
Repayment Plan: In fine for capital, interest not specified
Rendement: 12% - very high, above the average of the latest projects at Wiseed (10.16%)
Guarantee Type: Guarantee

Key Points

No pre-commercialization
Operator's debt ratios are satisfactory
Location in a city with over 100k inhabitants
Close proximity to various amenities
Realistic selling price, but prices have decreased by 5.2% in the past year
Good historical track record of the project developer
Low permanent losses at Wiseed

Concerns and Risks

High LTA (Loan to Acquisition) and LTS (Loan to Sale) ratios
Low operator's commitment percentage
Geopolitical uncertainties
Undetermined urban planning risk

Conclusion

Overall, the project seems to offer a high potential return, but there are significant uncertainties and risks involved, such as the high loan ratios and the operator's low commitment level. The lack of pre-commercialization and the decreasing property prices also raise concerns. However, the project's location and the developer's track record are positive aspects. It would be advisable to proceed with caution and carefully evaluate the risks before making any investment decisions.

Historial rates of return Wiseed

Investor votes results for the project: Simart

35 voters
👎60% 👍0% 🤷6% 🏳️34%
To vote :

Hélène Mayet
My name is Hélène Mayet, I am an HR Assistant, I also have a self-employed English course business at home. My investments started in 2020 with shares on the stock market. Little by little I became interested in ETFs, particularly on the S&P500 and in real estate. While researching real estate and its opportunities, I discovered Crowdfunding in which I began to invest in 2022. I mainly invest in La Première Brique and Upstone.