Foncière Melting Spot — Projet Postes (Coliving Wazemmes, Lille)

Lita Equity investment Financé

Ce projet est clôturé. L'analyse ci-dessous reflète les informations disponibles au moment de la souscription et n'a pas été mise à jour.

Foncière Melting Spot — Projet Postes (Coliving Wazemmes, Lille)

Fragile

score / 100

Min. ticket

—

Amount raised

500 k€

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À propos

Fundraising in ordinary shares of 200,000€ to 500,000€ for Melting Spot Foncière, which acquires and renovates a 190m² house in Wazemmes (Lille) to transform it into solidarity coliving dedicated to women (9 bedrooms, 50% refugees). Total operation cost: 782,000€ (485,000€ equity + 297,000€ bank debt). Land under unilateral promise of sale, deed scheduled June 2026. Instrument is equity participation via SPV Melting Spot Citizens, with no guaranteed fixed yield.

Plateforme · 20.0/25

A1 · Statut réglementaire 8.0/8✓ max

Adjusted score based on live data: agrément AMF AMF fonds propres-2023-27 confirmed active
Full licence, 8/8

A2 · Track Record 3.0/6

Adjusted score based on live data: default 7.05% → 3pts; delay 17.91% → 4.5pts; yield N/C → 0pts. (3×0.5)+(4.5×0.3)+(0×0.2)=2.85 → rounded 3/6

A3 · Rigueur de sélection 4.0/4✓ max

Adjusted score based on live data: selection rate 4.5% published + documented multidisciplinary process

A4 · Santé financière 3.0/4bon

Independent platform >10 years, no distress signals, active fundraising €220M+
No listed institutional shareholder

A5 · Protection investisseurs 2.0/3

4-day reflection period documented FICI (agrément AMF)
No secondary market
Segregated account not detailed

Projet · 24.0/75 (29.0 brut, red flags −5.0)

B1 · Instrument & Structure 3.0/10faible

B1.1: 1/5 - Ordinary shares, unsecured equity instrument

B1.2: 2/3 - société dédiée (SPV) Melting Spot Citizens SAS, clear French law

B1.3: 0/2 - Explicitly subordinated rank, existing senior debt obligation convertible on liabilities

B2 · Opérateur & Track record 9.0/15

B2.1: 4/4 - Boulle, Alméras, Delorme, de Lamaze appointed with biographies

B2.2: 3/5 - Delorme 100 colivings, de Lamaze 10 years property trader, 1 coliving delivered

B2.3: 1/3 - First Lita platform operation

B2.4: 1/3 - 2025 financial statements positive post-fundraising, recurring losses, low gearing but short history

B3 · Garanties & Sûretés 1.0/15faible

B3.1: 0/9 - Equity instrument, no real security nor guarantee for shareholders

B3.2: 0/4 - No identified external guarantor

B3.3: 1/2 - Bank financing under negotiation, bank not named

B4 · Structure financière 10.0/15

B4.1: 4/5 - Loan-to-Value (ratio prêt/valeur actif) debt/assets 297K/782K=38%, <45% RE-COM

B4.2: 4/4 - Operator equity 485K/782K=62%, >20%

B4.3: 1/4 - No documented stress test, low Loan-to-Value (ratio prêt/valeur actif) partially compensates

B4.4: 1/2 - Gross yield 6.5%, IRR <8% given moderate rents

B5 · Pré-commercialisation 2.0/10faible

RE-COM: No lease signed, coliving in renovation phase not started
Documentary partnership agreements (Red Cross, SINGA) guide rental demand
Wazemmes rental market active

B6 · Permis & Maturité 2.0/5faible

RE-COM: Land under unilateral promise of sale (deed scheduled June 2026)
Acquisition not completed, prior declaration not mentioned
Pre-acquisition phase

B7 · Marché & Localisation 2.0/3

Adjusted score based on live data: Wazemmes/Lille, dynamic residential rental market, strong demand
Acquisition 4117€/m² vs market resale 4300€/m²
Stable market 2026 confirmed

⚠ Alertes détectées · −5 pts déduits

Aucune garantie réelle sur ce projet −5 pts

Equity instrument (ordinary shares) - no real security nor personal guarantee on €500,000 equity subscribed. B3.1=0 confirmed.

Points forts

✓Sound financial structure: LTV debt/assets 38%, operator equity 62% of total cost.

✓Experienced team: Delorme (100 colivings), de Lamaze (10 years property trader, major renovations).

✓Strong social impact, solid partnerships (Red Cross, SINGA, Groupe SOS).

✓LITA.co platform licenced PSFP AMF FP-2023-27, selection rate 4.5%.

✓Acquisition price 4117€/m² below estimated resale value 4300€/m².

Risques identifiés

!Nature of operation: capital investment (shares), not a loan. The displayed score was calculated using the debt grid, which scores under B3 real guarantees that a capital investment does not have by construction. This score is therefore structurally penalising and under review with the capital grid (contractual protections, valuation, dilution, exit mechanism).

!Equity instrument with no liquidity: no security, no secondary market, capital locked 99 years by statute.

!Land not yet executed at fundraising date (deed scheduled June 2026, promise only).

!No lease signed or rental reservation at this stage, vacancy risk in post-work phase.

!Melting Spot Foncière: negative result 2025 (−87,506€), zero revenue for the year.

!LITA default rate 7.05% and delay rate 17.91% reflect high risk profile of impact portfolio.

⚠ Avertissement sur les risques

Investir en crowdfunding comporte un risque de perte partielle ou totale du capital, ainsi qu'un risque d'illiquidité. Selon le baromètre France FinTech / Forvis Mazars 2025, 25 à 30 % des projets accusent un retard de plus de 6 mois et 4 à 6 % entraînent une perte définitive. Ne placez jamais plus de 5 à 10 % de votre patrimoine en crowdfunding et diversifiez sur au moins 10 projets. CrowdPickr est un service d'information indépendant, non agréé en tant que conseiller en investissement. Les analyses présentées ne constituent pas un conseil en investissement personnalisé.