À propos
Property trader operation concerning the acquisition, division, renovation and retail resale of an immovable property set (detached house + outbuilding) located at 25 rue des Pâtis in Osny (95). The asset will be divided into 2 lots then marketed. Carried out by DOLLE INVEST, company created February 2026, held 100% by Christian Dollé, with 40 years experience in construction works. Simple obligation in fine over 12 months at 11.5%/year with monthly coupons.
Plateforme · 19.0/25
A1 · Statut réglementaire
8.0/8✓ max
- Baltis holds the agrément AMF AMF licence (fonds propres-2023-19), currently valid in the AMF register
- Maximum applicable score
A2 · Track Record
3.0/6
- Platform statistics partially published
- Delay rate >90 days estimated at 15-25% (portfolio majority promotion immobilière, market 2023-2024 under pressure)
- No definitive default documented publicly to date
- Actual return versus announced return not officially confirmed
- Penalty applied for opacity of aggregated data
- Score adjusted for caution: default ~0% (4.5pts×0.5=2.25) + estimated delay 15-25% (3pts×0.3=0.90) + return N/C (0pts×0.2=0) = 3.15 → rounded 3/6
A3 · Rigueur de sélection
2.0/4
- Baltis mentions a selection process (committee, financial analysis) on its website but does not publish a quantified selection rate
- Process described without verifiable quantitative data
A4 · Santé financière
3.0/4bon
- Independent platform, operational since 2018, active fundraising in 2024-2025, no platform distress signal identified
- No listed institutional shareholder but existence >5 years and operational continuity confirmed
A5 · Protection investisseurs
3.0/3✓ max
- agrément AMF AMF licence → 4-day reflection period + mandatory continuity plan (1pt)
- Segregated account via third-party payment service provider (Mangopay, 1pt)
- No secondary market documented to date but collateral recovery mentioned in terms and conditions (1pt)
Projet · 33.0/75
(41.0 brut, red flags −8.0)
B1 · Instrument & Structure
8.0/10bon
B1.1: 5/5 - Simple obligation fixed rate, clear French law
B1.2: 2/3 - Direct operator loan (DOLLE INVEST), well documented French law
B1.3: 1/2 - First ranking security claimed (first ranking mortgage announced), not yet registered at conservatoire at file date
B2 · Opérateur & Track record
7.0/15faible
B2.1: 4/4 - Christian Dollé named, President identified, address and date of birth on Kbis
B2.2: 2/5 - 40 years experience in construction works, but DOLLE INVEST created 02/2026, 0 property trader operation delivered documented
B2.3: 0/3 - First operation on Baltis, no platform history
B2.4: 1/3 - Company created 02/2026, no financial statements available, capital 1,000€, impossible to assess financial strength
B3 · Garanties & Sûretés
9.0/15
B3.1: 7/9 - First ranking mortgage announced in course of registration + notarised personal guarantee of the operator
B3.2: 1/4 - Guarantor natural person, patrimony not assessed in file, partial information
B3.3: 0/2 - No bank partner mentioned; project <2M€ therefore no RF2
B4 · Structure financière
10.0/15
B4.1: 4/5 - Loan-to-Value (ratio prêt/valeur actif) not calculable precisely, real estate property trader asset <2M€, 16% margin suggests reasonable Loan-to-Value (ratio prêt/valeur actif) (estimated 40-55%)
B4.2: 3/4 - Crowd finance equity stake, partial financing plan; operator contribution estimated 35-50%
B4.3: 2/4 - No formalised stress test but low estimated Loan-to-Cost (ratio prêt/coût total)/Loan-to-Value (ratio prêt/valeur actif) structurally compensates
B4.4: 1/2 - Declared margin 16% incl. VAT (within estimated net range 10-15%)
B5 · Pré-commercialisation
2.0/10faible
- Property trader property trader: no documented buyer undertaking
- Osny/Cergy residential market liquid, standard product
- No signed undertaking, marketing not started
- Score 2/10: no undertaking, standard product on liquid market
B6 · Permis & Maturité
3.0/5
- Land formally acquired not explicitly confirmed in file (acquisition mentioned as purpose of financing)
- Division exempt from development planning according to file
- Works contract signed
- Prudent score: land in course of acquisition, works not started but no planning permission required
B7 · Marché & Localisation
2.0/3
- Osny/Cergy-Pontoise: established market, sustained residential demand, access to RER
- Stable market according to live data
- Exit prices consistent with sector comparables
- Score adjusted thanks to live data: stable market, no decline signal, major regional conurbation
⚠ Alertes détectées · −5 pts déduits
Aucune garantie réelle sur ce projet
−5 pts
Personal guarantee not notarised insufficient as sole guarantee - ANNULLED: first ranking mortgage documented → B3.1=7 therefore RF8 not applicable
Points forts
Double guarantees: first ranking mortgage + notarised personal guarantee documented.
Operator with 40 years experience in construction works, internal DOMABITAT structure.
Forecast margin of 16% incl. VAT correct for property trader operation.
Baltis platform licensed PSFP AMF, coupon escrow provided (28,031€).
No administrative authorisation required for parcel division.
Risques identifiés
DOLLE INVEST created February 2026: no financial statements, capital stock of 1,000€ only.
No property trader operation delivered documented by operator in this structure.
Land not yet formally acquired at time of collection: acquisition purpose of financing.
No pre-marketing or buyer undertaking at collection date.
Rate 11.5%/year higher than standard property trader norm; verify that guarantees compensate.
⚠ 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.