The project Château de Chicamour by Bricks

Review of the project Château de Chicamour by Bricks

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 16

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 21/10/2024

⏰ The project starts on 25/10/2024 12h30
💰 The estimated rate of return is 11% per year.
⏱ The duration of the project is 60m
💼 Minimum amount to invest is 10€

🤖 Review's summary

Project Analysis: Château de Chicamour at Bricks by Damien Cuyala

The project is set to take place on 2024-10-25 at 12:30:00

Overall opinion: Good first-ranking mortgage guarantee covered at 100%, well under operation with no resale planned. Good contribution from the operator. Very long operation lasting over 60 months. Subject to seasonality dependence.

Project Details

👷‍ Project Type: Other? Purchase and operation of a castle for events

💶 EUR 1,750,000 to finance

⏰ Capital repayment: In fine. Interest: 1m.

The real estate project aims to buy a castle used for hosting and to develop its activity more intensively, particularly by expanding the wedding and event part throughout the year.

✅ Return 11% -> high
✅ Return is higher than the average return (10.37%) of the latest projects at Bricks
✅ Guarantee type: first-ranking mortgage
✅ Mortgage coverage: 100% -> high

❗ Pre-commercialization: Pre-sold at 0% with suspensive conditions: none

Health of the operator: No published company account

❗ Location: town with less than 10k inhabitants

✅ Nearby: shops, schools
✅ Exit price: realistic
✅ Prices have increased by 6.2% in 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
✅ Street and neighborhood condition: Good
✅ No urban planning risk

Risk of overvaluation:

❗ Project sponsor history: first operation

Operator's outstanding loans and delays: None

✅ Work difficulty: None
✅ Realistic work duration: None

❗ LTA (Loan to Acquisition): 100% -> high

✅ LTS (Loan to Sale): 0% -> very low

LTC (Loan to Construction Cost): 0%

✅ Operator's commitment: 17% -> high
✅ Geopolitical situation: FRANCE

❗ Delay of more than 6 months: data not recorded - check on the Bricks website

❗ Definitive loss for the platform: data not available - check on the platform's website

BONUS

1% of the invested amount with the referral code: MARMEG30

➡️ Click here to sign up with the bonus code MARMEG30

My Thoughts

Wow, the Château de Chicamour project at Bricks seems like an exciting venture with a promising high return rate and excellent mortgage guarantee coverage. The idea of transforming a castle into an events venue is not only unique but also potentially very lucrative. With the operator's significant contribution and a realistic exit price, this project has all the ingredients for success. While there are some minor concerns like the low margin in optimistic scenarios and the operator's lack of public financial accounts, the overall outlook for this project is bright. Plus, with the bonus referral code, investors can benefit even more from this opportunity. I'm optimistic about the future of Château de Chicamour and excited to see it flourish as a top events destination in the future!

Historial rates of return Bricks

Investor votes results for the project: Château de Chicamour

35 voters
👎43% 👍11% 🤷11% 🏳️34%
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.