La Bastide des Oliviers — Hôtel-Restaurant Monflanquin

Bricks Property trading 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.

La Bastide des Oliviers — Hôtel-Restaurant Monflanquin

Average

score / 100

Yield

9.0%/yr

Duration

18 months

Min. ticket

10 €

Amount raised

232 k€

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À propos

Property trader operation concerning acquisition of a 3-star hotel-restaurant (9 bedrooms, 400m²) in Monflanquin (47), classified 'Most Beautiful Villages of France'. Operator CAP Immobilier Développement (Julien Mendez) acquires property for €305,000 to let it to an operator (€43,200/year), then resell it ~€480,000 at 3-year horizon. Bond financing of €232,000 over minimum 18 months, up to 36 months.

Plateforme · 21.0/25

A1 · Statut réglementaire 8.0/8✓ max

Bricks licensed agrément AMF AMF No. fonds propres-2023-08, licence valid, verified

A2 · Track Record 4.0/6

Default 0% → 6pts
Delay rate 5.38% (live data) → 4.5pts
Actual yield not published → 0pts
Score: (6×0.5)+(4.5×0.3)+(0×0.2)=4.35 → rounded 4/6
Incomplete statistics penalty absorbed

A3 · Rigueur de sélection 3.0/4bon

Documented analysis committee (real estate, finance, structuring)
Detailed process without published selection rate

A4 · Santé financière 3.0/4bon

Bricks independent, +700K users, healthy growth, no platform distress signal
No institutional shareholder, ~4 years in operation

A5 · Protection investisseurs 3.0/3✓ max

4-day reflection period documented (agrément AMF)
Segregated accounts via electronic portfolio
Secondary market operational via app.bricks.co

Projet · 42.0/75

B1 · Instrument & Structure 8.0/10bon

B1.1: 5/5 - Simple fixed-rate bond, clear French law

B1.2: 2/3 - Direct loan to SASU operator, French law

B1.3: 1/2 - Senior ranking claimed, mortgage in process of registration pre-disbursement

B2 · Opérateur & Track record 7.0/15faible

B2.1: 4/4 - Julien Mendez named, function specified, identifiable Paris registered office

B2.2: 1/5 - First real estate property trader operation documented, adjacent profile

B2.3: 0/3 - No track record on Bricks or other platform

B2.4: 2/3 - SASU created <1 financial year, no financial statements; no proceedings identified but structure very recent

B3 · Garanties & Sûretés 10.0/15

B3.1: 7/9 - Rank 1 mortgage in process of registration (deed signed, formality pre-disbursement)

B3.2: 1/4 - SASU guarantor capital €1,000, no financial statements; Mendez personal joint and several guarantee, patrimony not assessed

B3.3: 2/2 - Not applicable (project <€2M); 2pts awarded by default absent red flag RF2

B4 · Structure financière 9.0/15

B4.1: 2/5 - Loan-to-Value (ratio prêt/valeur actif) 76% (€232K/€305K asset); property trader threshold 65-75% → 2pts

B4.2: 3/4 - Equity contribution €100K = 30% of acquisition price, threshold 25-35%

B4.3: 2/4 - Rental income €43,200 > interest €20,900; no formalised stress test but Loan-to-Value (ratio prêt/valeur actif) <80%

B4.4: 2/2 - Target net margin ~44% on resale (€148K/€332K) > 15%

B5 · Pré-commercialisation 3.0/10faible

Property trader: final lease with operator conditional on disbursement (not yet signed)
Resale at €480K without formal commitment
Hospitality tourism market Monflanquin liquid but not proven
Score 3/10

B6 · Permis & Maturité 3.0/5

Property trader: land conditionally secured (acquisition in progress, operator lease to be signed)
Property identified in cadastral register, no major works
Score 3/5 - land not yet formally secured at document date

B7 · Marché & Localisation 2.0/3

Score adjusted with live data: declining Paris office market not applicable here (rural hospitality tourism Lot-et-Garonne)
Monflanquin 'Most Beautiful Villages', established rural hospitality tourism market, exit price €480K not compared to recent available local transactions
Secondary market but stable → 2/3

⚠ Alertes détectées · −15 pts déduits

Ratio prêt/valeur trop élevé −5 pts

LTV calculated at 76% (€232K/€305K) - below property trader threshold of 85% → RF7 NOT triggered

Aucune garantie réelle sur ce projet −5 pts

Not triggered - rank 1 mortgage documented (B3.1 > 0)

Pas de financement bancaire −5 pts

Project €232K < €2M - RF2 not applicable

Points forts

✓Rank 1 mortgage registered on identified tangible real estate asset registered in cadastral records

✓Equity contribution €100K (30% of financing) demonstrating personal commitment

✓Rental income €43,200/year covering 2× annual bond interest

✓Location 'Most Beautiful Villages of France', established tourism footfall

✓Simple bond senior ranking, French law, licensed PSFP AMF platform

Risques identifiés

!SASU operator created <1 financial year, no financial statements available, first documented operation

!Operator lease not yet signed at document date - critical suspensive condition

!Resale at €480K without recent comparables or formal buyer commitment

!Mendez personal guarantee not notarised (electronic private signature), patrimony not assessed

!Absence of banking partner: 100% crowd + equity financing, without external banking validation

⚠ Avertissement sur les risques

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