Access
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 5
| 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 Hélène Mayet on
⏰ The project starts on 11/09/2024 14h00
⏱ The duration of the project is
💼 Minimum amount to invest is 1000€
🤖 Review's summary
The project is scheduled for September 11, 2024, 14:00:00 Global opinion: Good location, refinancing of an individual's credit. Uncertainty about repayment capacity (very high debts), first experience.
👷 Project Type: Refinancing
💶 Amount to be financed: 370,000 EUR
⏰ Capital repayment: In fine. Interests: In Fine, 1 year.
The operation is located in Bras-Panon on the island of Reunion and involves refinancing a house owned in the operator's name.
✅ High yield.
✅ Yield is above the average return (10.91%) of the latest projects at Raizers.
Guarantee Type: trust, guarantee
✅ Mortgage coverage: 100% -> high
❗ Pre-marketing: none. Pre-marketed at 0% with suspensive conditions: none
⚠️ Operator's Health:
❗ High net debt / equity ratio: 7.81
✅ Low net debt / asset ratio: 0.16
✅ Location: city with more than 10k inhabitants
✅ Nearby: shops, schools, restaurants, sports complexes
✅ Exit price: realistic
✅ Prices have increased by 1% over 1 year.
❗ Optimistic scenario margin: 0% -> low margin
❗ Pessimistic scenario margin (+10% work amount, -10% discount, +20% work time): 0% -> correct margin
✅ Property condition: good condition
✅ Urban planning risk: none
❗ Project promoter's history: first operation
✅ Financing outstanding and operator's delay: no outstanding
✅ Work difficulty: not concerned
Realistic work duration: yes/no
❗ LTA (Loan to Acquisition): 725% -> high
✅ LTS (Loan to Sale): 64% -> low
LTC (Loan to Construction Cost): 86%
❗ Operator's commitment: 14% -> low
❗ Geopolitical situation: political uncertainty
❗ 12.78% of delays over 6 months at Raizers -> high
✅ 0% permanent losses at Raizers -> low.
Overall, the project at Rue des Arbustes seems to have a good location and potential for a high yield. However, there are concerns regarding the operator's high debt levels and uncertainty about their repayment capacity. Additionally, the project being the operator's first experience raises some caution. The various positive aspects such as realistic property prices, good neighborhood conditions, and low permanent losses at Raizers are encouraging. But, factors like the high Loan to Acquisition ratio and limited operator commitment warrant careful consideration before investing. Thus, I would approach this project with caution and conduct further due diligence before making any investment decision.
Don't forget to use the referral code MBS when signing up to get a bonus of 50€ after your first investment and another 50€ after the second investment, totaling up to 100€ in bonuses. Follow this link to sign up.
24 voters
👎63% 👍8% 🤷0% 🏳️29%
To vote : 
Hélène Mayet
My name is Hélène Mayet, I am an HR Assistant, I also have a self-employed English course business at home. My investments started in 2020 with shares on the stock market. Little by little I became interested in ETFs, particularly on the S&P500 and in real estate. While researching real estate and its opportunities, I discovered Crowdfunding in which I began to invest in 2022. I mainly invest in La Première Brique and Upstone.
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