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 13
| 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 Grégory Vaur on
⚠️ L'analyse détaillée n'est pas diffusée à la demande de ClubFunding.
➡️ Les discussions et votes sur le projet ont lieu sur le club.
⏰ The project starts on 23/10/2024 17h00
⏱ The duration of the project is
💼 Minimum amount to invest is 1000€
🤖 Review's summary
The project is set to take place on 2024-10-23 at 17:00:00 with the following overall assessment: Correct guarantees, rather experienced operator, coherent selling price, low margin in case of a 5% discount on the selling price, asset located near the city center of Dijon, renovation costs representing 13% of the cost price, relatively low commitment from the operator.
Type of project: Purchase - renovation/construction - resale
Amount to be financed: €300,000
Capital repayment: In fine, interests: 1m
Description: The project involves the acquisition of 3 lots within a townhouse dating back to the 1920s. The lots include a 100 m² apartment on the ground floor with 2 storage rooms in the garden, a 26 m² workshop, and a 31 m² workshop. The goal is to convert the 31 m² workshop into an apartment (with a possible 8 m² extension) and then sell the 3 lots separately.
Location: Dijon is a city with around 163,000 inhabitants located 134 km from Maçon.
✅High yield
✅Guarantee type: First-rank mortgage covering 90% of the acquisition price – correct
❗️Personal guarantee, but no information on the net worth of the guarantor
❗Gapd, but no detailed balance sheet provided
❗Pre-sale: 79% of pre-sale revenue (2 out of 3 lots) through a sale promise, but no information on potential suspensive conditions
Operator’s health:
❗High net debt/equity ratio: 12.98
✅Moderate net debt/assets ratio: 0.96
✅Nearby amenities: restaurants, post office, supermarket
✅Realistic selling price for the 3 lots at €2758/m², close to the average price
✅Apartment prices rose by 2.4% in 1 year
✅Good condition of the property exterior, limited interior photos
✅Experienced operator with a track record
❗High Loan to Acquisition ratio: 111% - high
✅Low Loan to Sale ratio: 66%
❗Operator commitment: 6% - low
Platform Quality:
✅9.32% delays over 6 months at Clubfunding
✅0% permanent losses at Clubfunding
This HÔTEL DE BOURGOGNE project at Clubfunding seems promising with a high yield, an experienced operator, and a good location in Dijon. While there are some risks to consider, such as the low operator commitment and high debt ratios, the overall analysis indicates a potential for a profitable investment. With careful consideration and due diligence, this project could offer a great opportunity for investors interested in the real estate market. Stay positive and seize the chance to be part of this exciting venture!
Grégory Vaur
Grégory, I am 26 years old and have been an investor in real estate crowdfunding, stock markets and crowd-lending for around 1 year. I trained myself by watching videos on these subjects. I am currently registered on the first brick, Clubfunding, Raizers...
The votes take place in the Objectif-Renta Investors Club.
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