The project Agora 2 by Homunity

Review of the project Agora 2 by Homunity

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 12

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 03/09/2024

⏰ The project starts on 03/09/2024 19h00
💰 The estimated rate of return is 10.5% per year.
⏱ The duration of the project is 12m
💼 Minimum amount to invest is 1000€

🤖 Review's summary

Project Analysis: Homunity's Agora 2 Project

Analysis conducted by Grégory Vaur

Project Overview

The Agora 2 project is scheduled on 2024-09-03 at 19:00:00 with a global review pointing to relatively weak guarantees, experienced operator, coherent exit price, reasonable margin in case of discount, 62% pre-commercialized turnover, ongoing work, and a slow commercialization pace for the remaining lots (0.6 lot per month).

Project Details

The project entails the construction of a tertiary real estate complex consisting of 2 high-rise buildings, with 10 business premises, 831 m² of offices, 2 shops, and 316 parking spaces, totaling 2,696 m². The aim is to refinance part of the equity required by the bank (construction work) following a previous fundraising in September 2023 (land acquisition). The project is expected to be delivered in December 2024.

Location

Colmar, a city of around 67,000 inhabitants located 45 km from Mulhouse and 71 km from Strasbourg.

Positive Highlights

High Yield at 10.5%.
Diverse Guarantees: Solidarity Bond, Financial Completion Guarantee, Pre-commercialization (62% pre-commercialized).
Optimistic Margin Scenario at 19%.
Good Location near amenities and with a realistic exit price.
Operator with a track record in historical building renovations and managed residences.

Concerns and Risks

Slow commercialization of remaining lots.
Lack of information on operator's financial health.
No details on construction progress or possible work-related contingencies.

Platform Quality

Low Delay (3.09%) in Homunity projects exceeding 6 months.
No Permanent Losses reported in Homunity projects.

Final Thoughts

Overall, the Agora 2 project presents some promising aspects, such as a high yield, diverse guarantees, and a reputable operator with a strong historical project portfolio. However, the slow commercialization pace and lack of transparency on the operator's financials raise some concerns. Investors should carefully consider these factors before making a decision.

Bonus

Additionally, investors get a bonus of 1 year free access to the Objectif-Renta investor club through the provided link: Objectif-Renta.

Historial rates of return Homunity

Investor votes results for the project: Agora 2

27 voters
👎52% 👍0% 🤷4% 🏳️44%
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...