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
⏰ The project starts on 06/09/2024 15h00
💰 The estimated rate of return is 11% per year.
⏱ The duration of the project is 18m
💼 Minimum amount to invest is 1000€
🤖 Review's summary
The project is scheduled for September 6, 2024, at 15:00:00 with a global outlook of a first-rank mortgage (69% mortgage coverage at the start of the operation), 49% of pre-sold turnover through purchase offers, coherent exit price, high margin even in case of discount, authorization obtained but under purge, good commitment from the operator, operator familiar with the sector but first operation as property developers.
Project Type: Purchase - renovation/construction - resale
Amount: 450,000 EUR to be financed
Repayment: Capital: In fine, Interest: In fine
Description: Acquisition of land with a building aiming to divide the building into 4 lots (rented commercial space, 2 platforms...), divide plots into 10 building plots, and allocate another plot for the construction of 12 garages.
Piennes is a town with around 2,500 inhabitants located 56 km from Metz and 40 km from Thionville.
Overall, the project seems promising with a high yield of 11%, which is above the average yield of recent projects at Citesia. The first-rank mortgage with 69% coverage may seem a bit low, but the other risk factors are balanced by the operator's commitment and high margins in optimistic and pessimistic scenarios.
While there are some concerns like the size of the garages and the ongoing permit purging, the realistic exit price and the operator's experience in real estate are positive indicators. The detailed breakdown of the project's aspects provides investors with a transparent view to make informed decisions.
With the bonus offer available by using the referral code BLUERSKY, investing in this project at Citesia could be a rewarding opportunity. So, seize the chance and dive into this exciting venture!
Remember, optimism and a touch of fun can turn any investment journey into an enjoyable ride towards financial growth!
30 voters
👎23% 👍7% 🤷10% 🏳️60%
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...
Grégory Vaur is a senior analyst who has already analyzed 439 projects.
The votes take place in the Objectif-Renta Club.
➡️ Search for previous reviews of chez Citesia
Join the group on TelegramBy joining the club, you join a community of investors driven by the same interests and passions.
