The project Vert Azur by Homunity

Review of the project Vert Azur 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 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 Damien Cuyala on 04/09/2024

⏰ The project starts on 04/09/2024 17h00
💰 The estimated rate of return is 11% per year.
⏱ The duration of the project is 24m
💼 Minimum amount to invest is 1000€

🤖 Review's summary

Project Analysis of Vert Azur by Homunity reviewed by Damien Cuyala

The project is scheduled for September 4, 2024, at 17:00:00. Overall review: Low guarantee of bonding, commercialization rate of 31%, no access to company accounts, experienced project developer. Significant construction work. Average project.

Project Details

👷‍ Project Type: Real Estate Development
💶 Amount to be funded: 1,224,000 EUR
⏰ Capital repayment: In fine. Interest: 1 year
✅ Yield 11% -> high
✅ Yield is above the average yield (10.5%) of recent projects at Homunity
Guarantee Type: Bonding
❗ Pre-commercialization: Reservation contract. Pre-commercialized at 31% with suspensive conditions: construction completed
Operator's Health: No access to accounts

Project Location and Surroundings

✅ Location: city of over 10k inhabitants
✅ Nearby: shops, schools, universities, restaurants, hospitals, sports complexes, airport, train station, highway
✅ Exit Price: realistic
✅ Prices have increased by 0.8% over 1 year
❗ Optimistic scenario margin: 6.9% - low margin
❗ Pessimistic scenario margin: 2% - correct margin
Property Status: To be constructed
Street and Neighborhood Condition: Good
✅ No urban planning risk

Project Management and Financials

✅ Project Developer's History: over 10 similar operations
Outstanding Financing and Operator's Delays: None
❗ Work Difficulty: Complex
Realistic Construction Duration: Yes
❗ LTA (Loan to Acquisition): 152% - high
✅ LTS (Loan to Sale): 40% - very low
LTC (Loan to Construction Cost): 0%
❗ Operator's Commitment: 4% - low
Geopolitical Situation: FRANCE
✅ 3.09% of delays over 6 months at Homunity - low
✅ 0% of permanent losses at Homunity - low

BONUS

1 year of free access to the Objective-Renta investor club
➡️ Link: Homunity Investment Club

In conclusion, the Vert Azur project at Homunity presents a mix of positive and concerning aspects. While the project offers a potentially high yield and is located in a favorable area, there are issues like low operator commitment and high loan-to-acquisition ratio that investors should consider. Overall, due diligence and risk assessment are recommended before investing in this project.

Historial rates of return Homunity

Investor votes results for the project: Vert Azur

27 voters
👎52% 👍0% 🤷0% 🏳️48%
To vote :

Damien Cuyala
Damien, 41 years old, I am a business manager in nuclear valves, I also have a company in the distribution of everyday products in short circuits with the credo of "made in France". I started at a young age to learn how to invest in the stock market in dividend stocks, ETFs, and from 2021 on small cap equity strategies, and recently I have been learning about options. In June 2022, I started real estate crowdfunding and I have invested a little over 73 Keuros since then, my investments are distributed across the following platforms: ClubFunding, Raizers, La Première Brique, Upstone, Baltis. I attach great importance to spending time analyzing each project before making the best decision for my investments. Finally, I also have investments in crowdlending, mainly on Lendermarket to diversify my assets as much as possible.