The project Lotissement Grand Est by Clubfunding

Review of the project Lotissement Grand Est by Clubfunding

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 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 05/11/2024

⚠️ 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 06/11/2024 17h00
⏱ The duration of the project is
💼 Minimum amount to invest is 1000€

🤖 Review's summary

Analysis of the Grand Est Housing Project at Clubfunding by Grégory Vaur

The project is scheduled for November 6, 2024, at 17:00:00 with an overall review of:

Key Points:

Reasonable guarantees and consistent exit price
Experienced operator
33% of pre-commercialized turnover
12% margin in case of discount
Works already completed
Negative equity capital of the company

Project Overview

Type of Project: Refinancing

Amount: €280,000 to be financed

Repayment: In fine, interests: 1 month.

Description

This project involves the refinancing of stock following the acquisition of 9 plots of land, with 6 already sold, ranging from 785 to 820 m² each. The aim is to sell the remaining 3 plots.

Location: Sainte-Barbe, a small town of approximately 800 inhabitants located about 14 km from Metz.

Pros:

High returns
Guarantee - first-rank mortgage covering 73% of the acquisition price
Low company debt
Realistic exit price (€173/m²)
Positive margin in optimistic scenario (21%) and correct margin in pessimistic scenario (12%)
Previous successful operations by experienced operator

Cons:

Negative debt-to-equity ratio of the operator
Located in a town of less than 10k inhabitants
Limited amenities nearby
High Loan to Acquisition ratio (138%)
Operator's commitment rate is low

Platform Quality:

Low percentage of delays over 6 months at Clubfunding (9.32%)
No definitive losses at Clubfunding (0%)

Conclusion

The Grand Est Housing Project offers attractive potential returns with reasonable guarantees in place. Despite some concerning factors like the negative equity capital of the company and the operator's debt-to-equity ratio, the project benefits from an advantageous location and completed works. Investors should carefully consider the risks involved but may find this project worth considering for diversification purposes within their portfolio.

Remember to use the referral code "MarcBluerSky" when signing up at Clubfunding and claim your bonus of €100 after investing.

Investor votes results for the project: Lotissement Grand Est

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...