The project Jules Verne by Raizers

Review of the project Jules Verne by Raizers

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 16

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 03/08/2024

⏰ The project starts on 06/08/2024 14h00
⏱ The duration of the project is
💼 Minimum amount to invest is 1000€

🤖 Review's summary

Project Analysis: Jules Verne at Raizers by Jordan R

Project date: August 6, 2024, 14:00:00

Overall assessment: The project involves buying a building and selling it in 11 lots. 8 lots are pre-sold and will be sold as is, securing 66% early repayment of funds. 3 apartments will be fully renovated before resale. A good guarantee with a first-rank mortgage (87.5% coverage on the building's acquisition price).

Point of attention: operation margin of 7% and sale prices of renovated apartments above the high range.

Project Details

Type of project: Purchase - renovation/construction - resale

Amount: €600,000 to be financed

Capital repayment: In fine. Interest: In Fine, 1 year

The operation is located at 42 bd Jules Verne in Amiens and involves buying and reselling with renovations (common areas and interiors) of 11 lots. After division, the apartments are distributed across 3 buildings. 8 out of 11 lots are pre-sold (7 under sales agreement and 1 under offer). These 8 lots will be sold as is, and the remaining 3 lots will be sold turnkey (renovated, furnished, and decorated) for short-term rental.

Positive Aspects

High yield
Guarantee type: first-rank mortgage, GAPD, surety
Location in a city with over 10k inhabitants, close to amenities
No urban planning risks
Historical success of the project operator

Challenges

Optimistic selling price per m2 compared to market average
Decreasing property prices trend
Low margin in optimistic scenario
High LTA ratio

Operator’s Engagement

Operator's commitment stands at 22%, which is high and indicates a strong involvement in the project.

Summary

This project at Jules Verne with Raizers presents a promising opportunity despite some challenges. With a strong operator track record and high engagement, the project shows potential for good returns. The strategic location, pre-sales, and renovation plans add to its appeal. While some caution is warranted due to market trends and margin concerns, overall, the project seems well-positioned for success. Remember to use the referral code for extra bonuses and happy investing!

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Historial rates of return Raizers

Investor votes results for the project: Jules Verne

42 voters
👎48% 👍14% 🤷10% 🏳️29%
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