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 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 Jordan R on
⏰ The project starts on 23/09/2024 14h00
💰 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
The project is set to take place on 2024-09-23 at 14:00:00 with a focus on a buy-sell subdivision of a building in Paris.
Guarantees: GAPD and Surety, no mortgage as there is bank support for €9,500,000. Exit price is between average and high range. Great location in central Paris.
💶 EUR 2,000,000 to finance
⏰ Capital repayment: In fine. Interest:
A property trading operation involving the acquisition of a mixed-use real estate complex for retail resale after renovation in the 2nd arrondissement of Paris (75).
✅ Yield 11% -> high.
✅ The yield is higher than the average yield (11%) of the latest projects at Fundimmo.
Guarantee Type: GAPD, surety
Equity amount of the holding: €528,891
Net debt/equity ratio = 2 < 2.5 (healthy company)
🚩 Pre-selling: none. Pre-sold at 0% with no suspensive conditions
Operator's health:
✅ Correct net debt/equity ratio: 2.05
✅ Low net debt/assets ratio: 0.41
✅ Location: city with over 100k inhabitants: 8 rue Mandar, Passage Ben Aiad, 75002 Paris
✅ Nearby: shops, schools, universities, restaurants, sports complexes
✅ Exit price: realistic: €11,578/m² for commercial premises and €14,406/m2 for apartments
Average price per m2 €11,788 from €9,099 to €16,151 (source meilleursagents)
🚩 Prices have decreased by 3.3% over 1 year.
✅ Optimistic scenario margin: 11% -> correct margin
🚩 Pessimistic scenario margin (+10% work amount, -10% discount): 1% -> correct margin
🚩 Property condition: no photos
✅ Street and neighborhood condition: good
✅ No urban planning risk: DP in progress but for minor works
✅ Historical project leader: more than 10 similar operations
🚩 Crowdfunding amount of €2.650K, already 5 projects repaid on Fundimmo.
✅ Work difficulty: façade renovation, roofing, and common area renovation
✅ Realistic work duration: yes
🚩 LTA (Loan to Acquisition): 152% -> high
🚩 LTS (Loan to Sale): 80% -> high
🚩 Operator commitment: 7% -> low
Geopolitical situation:
✅ 2.18% of delays over 6 months at Fundimmo -> low
✅ 0% permanent losses at Fundimmo -> low
➡️ Use Referral Code OR100 when signing up.
✅ EUR 100 for the referee after their 1st subscription (within 90 days of registration) credited to the wallet within 60 days after their 1st subscription
Referral code is OR100
➡️ The link is here: Fundimmo
Overall, the Rue Mandar project at Fundimmo seems like an exciting opportunity with a solid potential for a good return on investment. The high yield, strong guarantees, and ideal location in Paris make it an attractive venture. Although there are some cautionary flags like the high loan ratios and operator commitment, the project's positive aspects outweigh the risks. With the right management and market conditions, this project could be a successful venture for investors looking to make a smart move in the real estate market. Don't miss out on this chance to be part of a promising project at Fundimmo!
37 voters
👎57% 👍3% 🤷5% 🏳️35%
To vote : 
Jordan R
Jordan, 35 years old, electronics engineer by training. I currently live from my passions as a ski instructor and canyon guide. Investor in the stock market (stock/ETF), physical real estate and more recently in real estate crowdfunding since 2020. I mainly invest on the platforms: ClubFunding, Lapremierbrique and Upstone. My crowdfunding portfolio is over 100k
The votes take place in the Objectif-Renta Investors Club.
➡️ Search for previous reviews of chez Fundimmo
Join the group on TelegramBy joining the club, you join a community of investors driven by the same interests and passions.
