The project Biganos by Baltis

Review of the project Biganos by Baltis

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 8

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 10/10/2024

⏰ The project starts on 09/10/2024 11h30
💰 The estimated rate of return is 11.5% per year.
⏱ The duration of the project is 18m
💼 Minimum amount to invest is 100€

🤖 Review's summary

Analysis of Biganos Project by Baltis

Analysis of Biganos Project by Baltis by Jordan R

Project Overview

The Biganos project is a real estate promotion project located at 124 Avenue de la Côte d'Argent in Biganos (33).

Evaluation

Pre-commercialized at 47% with 11 out of 18 lots reserved.
Offer price higher than the sector's upper range justified by quality materials and services.
Expected return of 11.5%, higher than the average of previous projects at Baltis (11.14%).
Reasonable construction timeline and low risk regarding urban planning.

Operator's Health

High net debt/equity ratio at 5.36.
Moderate net debt/assets ratio at 0.7.

Location & Surroundings

Strategic location in a city with over 10k inhabitants, close to shops, schools, and restaurants.

Risks

Optimistic selling price of €5,000/m2.
Low profit margins in optimistic and pessimistic scenarios.
Major construction work required.

Financials

Loan to acquisition ratio at a high 233%.
Loan to sale ratio at a very low 45%.
Operator's commitment level at 15%.

Situation

Low delays and no permanent losses reported within the Baltis platform.

Summary and Opinion

In conclusion, the Biganos project with Baltis presents an interesting investment opportunity despite some risks involved. The high expected return, strategic location, and operator's track record provide a solid foundation for potential success. However, caution is advised due to the high debt ratio, low profit margins, and the need for significant construction work. Investors should carefully consider these factors before making an investment decision.

Historial rates of return Baltis

Investor votes results for the project: Biganos

34 voters
👎62% 👍3% 🤷12% 🏳️24%
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