Le Chatelain — 11.0%/an · 24 mois

Plateforme · 18.0/25

A1 · Statut réglementaire 8.0/8✓ max

agrément AMF licence AMF fonds propres-2023-15 obtained in November 2023, currently valid
Maximum regulatory status

A2 · Track Record 4.0/6

Default 0% → 6/6 (×0.5=3.0)
Delay 10.1% (5-15%) → 4.5/6 (×0.3=1.35)
Actual return vs announced: N/C → 0/6 (×0.2=0)

A3 · Rigueur de sélection 2.0/4

Selection process not detailed in available data
812 funded projects attest to sustained activity
Selection rate not published

A4 · Santé financière 3.0/4bon

Independent platform, >5 years existence (2019), iXO PE and Elige Capital entry in 2025, growth 85%/year
Modest share capital (150K€) but confirmed institutional support
No PLATFORM distress signal

A5 · Protection investisseurs 1.0/3faible

agrément AMF licence guarantees 4-day reflection period and continuity plan (1 mandatory point)
No secondary market or account segregation documented in data provided

Projet · 44.0/75 (47.0 brut, red flags −3)

B1 · Instrument & Structure 8.0/10bon

B1.1: 5/5 - Simple obligation (participating loan) fixed rate French law

B1.2: 2/3 - Direct borrowing STONE RISE, no dedicated société dédiée (SPV), clear French law

B1.3: 1/2 - First-ranking mortgage stipulated but registration in progress (deed to be registered)

B2 · Opérateur & Track record 7.0/15faible

B2.1: 3/4 - Williams Montrozier appointed president STONE RISE, little public information

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

B2.3: 0/3 - No history on this platform (0 previous operations)

B2.4: 2/3 - No collective insolvency proceeding, STONE RISE capital €1000, balance sheet not provided

B3 · Garanties & Sûretés 9.0/15

B3.1: 7/9 - First-ranking mortgage in course of registration on identified property (1 place Jean Jaurès)

B3.2: 1/4 - Guarantor STONE RISE capital €1000, balance sheet NA, information highly insufficient

B3.3: 0/2 - No bank credit, 100% crowd + own funds financing (<€2M, no RF2)

B4 · Structure financière 13.0/15bon

B4.1: 5/5 - Loan-to-Value (ratio prêt/valeur actif) 50% on marchand de biens (amount raised/total cost), below 55% threshold

B4.2: 3/4 - Operator contribution 25.92% of acquisition price (between 25-35%)

B4.3: 4/4 - Stress test -25% documented, operation profitable; 80% borrowing covered by unilateral purchase undertaking

B4.4: 1/2 - Margin 33% > 15% but balance sheet data not provided

B5 · Pré-commercialisation 5.0/10

40% of turnover under unilateral purchase undertakings (PUA) - 4 lots out of 9
Represents 80% of borrowed amount
Triplex and commercial premises (60% remaining) to be marketed
Price reduction clause provided for at 12 months

B6 · Permis & Maturité 3.0/5

Land under purchase undertaking (not executed as at document date)
Prior urbanisation declaration cleared on 17/06
No executed land - score limited
RF6 applicable (marchand de biens, unexecuted land)

B7 · Marché & Localisation 2.0/3

Château-Arnoux-Saint-Auban, Alpes-de-Haute-Provence
Exit price for apartments €1,379/m² below local market (average €1,725/m²)
Stable provincial market, rental demand present, prudent positioning confirmed

Points forts

✓First-ranking mortgage on identified property, cover 89% to 104% of amount raised.

✓Margin of 33% very comfortable allowing significant discount without impact on repayment.

✓80% of crowd amount covered by already signed unilateral purchase undertakings.

✓Documented stress test: profitable down to -25% of sales price decline.

✓LTV 50% very conservative for RE-MDB class.

Risques identifiés

!Land not yet executed; acquisition under purchase undertaking, residual non-execution risk.

!STONE RISE operator (capital €1000), no balance sheet provided, first documented operation.

!Commercial premises (60% residual turnover) positioned upper bracket, uncertain liquidity.

!Absence of bank partner, 74% crowd financing without external credit validation.

!Rate 11%/year at upper limit for RE-MDB class; personal guarantee under private deed not notarised.

⚠ 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.