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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 Jordan R on
⏰ The project starts on 04/11/2024 12h00
💰 The estimated rate of return is 12% per year.
⏱ The duration of the project is 12m
💼 Minimum amount to invest is 1000€
🤖 Review's summary
The project is scheduled for November 4, 2024, at 12:00:00 Global Rating: Real estate promotion project in Châtelaillon-Plage. Pre-sold at 83%. GAPD on the holding whose equity covers the loan amount. Point of attention: possible construction delay and decreasing prices in the area.
👷 Project Type: Real Estate Promotion 💶 500,000 EUR to finance ⏰ Capital Repayment: In fine. Interest: In fine.
This promotion operation involves buying a building plot in Châtelaillon-Plage in Charente Maritime and constructing a Châtelaillon-style residence, La Canopée, consisting of 7 apartments. The promotion is carried out by Thierry Foubert, an experienced and well-established local operator. 6 apartments are currently pre-sold, so the operation shows a pre-sale rate of 83% of the forecast turnover.
✅ Return 12% -> very high. ✅ Return higher than the average return (11.8%) of the latest projects at Immocratie Guarantee Type: GAPD, guarantee ✅ Amount of holding's equity: €630,244 ✅ Net debt/equity ratio = 0.1 ❗ Pre-sold at 83% with suspensive conditions: Operator's Health: ✅ Net debt/equity ratio correct: 0.43 ✅ Net debt/asset ratio low: 0.01 ✅ Location: city with more than 10k inhabitants: 20 Av. de Strasbourg, 17340 Châtelaillon-Plage ✅ Nearby: shops, schools, restaurants, sports complexes, beach ✅ Realistic selling prices ❗ Prices decreased by 4.8% in 1 year ✅ Optimistic scenario margin: 11% -> correct margin ❗ Pessimistic scenario margin (+10% work amount, -10% discount, +20% work time): -2% -> correct margin Property condition: to be built Street and neighborhood condition: good ✅ No urban planning risk ✅ Track record of successful projects: over 10 similar operations
Financing outstanding and operator delay: 8 projects on Immocratie, 4 repaid Work difficulty: construction Realistic work duration: yes ❗ Loan to Acquisition: 119% -> high ✅ Loan to Sale: 23% -> very low Loan to Construction Cost: 44% ❗ Operator's commitment: 9% -> low Geopolitical situation: ❗ 19.59% delays of over 6 months at Immocratie -> high ✅ 0% permanent losses at Immocratie -> low
This project, La Canopée, at Immocratie looks very promising with high returns, a well-established operator, and a solid track record in a good location. Despite potential delays and price decreases in the area, the overall analysis looks positive. Plus, who doesn't love a bonus deal? Invest now with the code BluerSky for a bonus and let's see those returns soar! Happy investing!
17 voters
👎41% 👍12% 🤷0% 🏳️47%
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
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