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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 11
| 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 12/08/2024 14h00
⏱ The duration of the project is
💼 Minimum amount to invest is 1000€
🤖 Review's summary
The project is set to take place on 2024-08-12 at 14:00:00.
Global review: Good guarantees, experienced operator, high-end pricing (new housing with 2 parking spaces, terrace...), 7 out of 9 lots pre-sold, decent margin in case of discount, significant work to be done, and the company leading the operation is quite indebted.
Type of Project: Real estate development
Amount to be financed: €440,000
Repayment: In fine, interests: 1 year
Description: The project involves funding the purchase of land for the construction of a 9-unit building (T2 and T3), totaling 502.4 m². The construction costs will be covered by the funds raised, as current pre-sales stand at 76% of turnover and are expected to start in September 2024.
Location: Aubias is a small town with approximately 3,100 inhabitants, situated 25 km from Nîmes and 41 km from Montpellier.
Pros:
✅ High yield
✅ Above-average yield compared to Raizers' recent projects (10.9%)
Guarantee Type:
✅ First-rank mortgage with 100% cover on the purchase price -> high
Cons:
❗Low equity capital amount: €152k, net debt/equity ratio <2.5 ? >10 - Company highly indebted
❗Personal guarantee, no information on the guarantor's net worth
Operator's Health:
❗Net debt/equity ratio >10
❗Net debt/assets ratio: 4.12
Location:
❗Town with less than 10k inhabitants
Despite some challenges with debt and uncertain market conditions, the project at Aubais shows promise with a high yield potential and a reputable operator with experience. The location offers amenities nearby, and the pricing for the new units, although slightly optimistic, includes attractive features.
With cautious optimism, I believe that with the right management and market conditions, this project has the potential to yield positive returns for investors. So, if you're looking to invest, why not give it a shot and reap the benefits later on? Remember, a little risk can lead to great rewards!
Don't forget to use the referral code MBS when signing up on Raizers!
You can get a bonus of €50 after your first investment and another €50 after the second one, totaling a maximum bonus of €100. Sign up here!
40 voters
👎55% 👍8% 🤷10% 🏳️28%
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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