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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 20
| 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
⏰ The project starts on 11/09/2024 20h00
💰 The estimated rate of return is 6% per year.
⏱ The duration of the project is 11m
💼 Minimum amount to invest is 100€
🤖 Review's summary
The project is set to take place on 2024-09-11 at 20:00:00
Overall opinion: Good location, solid mortgage coverage, fully commercialized, minor renovations needed. A good project overall.
👷 Type of project: Buy - renovate/build - sell
💶 489,000 EUR to be financed
⏰ Capital repayment: In fine. Interests: In fine.
The project involves acquiring a building of 322 m² on 6 floors (G+6), with a commercial space on the ground floor, followed by one apartment per floor. The last unit is a duplex spanning the G+5 and G+6. It also includes a basement cellar offering additional potential. Some renovations are required, especially in the common areas, which are eligible for subsidies.
✅ Yield 6% -> low
❗Yield is below the average yield (11.31%) of recent projects at Tokimo
Guarantee type: First-rank mortgage
✅ Mortgage coverage: 92% -> good
✅ Pre-commercialization: in progress. Pre-marketed at 100% with no suspensive conditions.
Operator's health: Company accounts not published.
✅ Location: city with over 100k 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: 8.3% -> low
❗ Pessimistic scenario margin (+10% works amount, -10% discount, +20% duration of works): 4% -> decent margin
✅ Property condition: Requires renovation
✅ Street and neighborhood condition: Good
✅ No urban planning risk
✅ Successful track record of similar projects: over 3 operations
✅ Outstanding financing and operator delays: None
✅ Work difficulty: Easy
✅ Realistic work duration: yes
❗ LTA (Loan to Acquisition): 109% -> high
❗ LTS (Loan to Sale): 80% -> high
LTC (Loan to Construction Cost): 0%
❗ Operator's commitment: 13% -> low
Geopolitical situation: FRANCE
❗ Delay of more than 6 months: data not recorded -> check on Tokimo's website
❗ Platform's definitive loss: data not available -> check on the platform's website
💎 BONUS
Referral code: S7WACDYFUH 0.50% cash back
➡️ Link: Sign up here!
This project at TOULON - PUGET seems like a gem waiting to shine bright! With a great location, reasonable pricing, and a fair amount of work needed, it presents a promising opportunity. While some caution flags are raised regarding margins and operator commitment, the overall package looks intriguing. So, buckle up, grab your tools, and let's turn this renovation adventure into a profitable masterpiece! 🛠💰🏡
47 voters
👎45% 👍21% 🤷4% 🏳️30%
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.
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