Chacundier Manosque — 8%/an · 12 mois

Plateforme · 19.0/25

A1 · Statut réglementaire 8.0/8✓ max

agrément AMF licence in valid force, fonds propres-2023-8 licence
Maximum applicable score

A2 · Track Record 5.0/6bon

Default 0% → 6/6
Delay 5.38% (threshold 5-15%) → 4.5/6
Net return 7.78% vs 10% announced, gap 2.22pp below lower bound → 1.5/6
Weighted score: (6×0.5)+(4.5×0.3)+(1.5×0.2)=4.65 → rounded 5

A3 · Rigueur de sélection 2.0/4

Selection process not detailed publicly, selection rate not published
Implicit mention of a process via agrément AMF licence
Score 2/4

A4 · Santé financière 2.0/4

Independent platform in strong growth (141M€, no.1 FR 2025)
Forced stoppage 7 months (Dec 2022-Jul 2023) and registre ORIAS deletion resolved
No identified institutional shareholder
Viability confirmed but regulatory history weighs
Score 2/4

A5 · Protection investisseurs 2.0/3

agrément AMF licenced → mandatory reflection period 4 days + Capsens continuity plan documented → 1 pt
Segregated accounts legally mandatory under agrément AMF → 1 pt
Secondary market not mentioned → 0 pt

Projet · 43.0/75

B1 · Instrument & Structure 8.0/10bon

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

B1.2: 2/3 - Issuer dedicated SAS, clear French law

B1.3: 1/2 - First rank mortgage mentioned not yet registered at conservator's office at file date

B2 · Opérateur & Track record 6.0/15faible

B2.1: 2/4 - Directors appointed (Zani, Montagard), no verifiable public profile

B2.2: 1/5 - First documented property trader operation, adjacent actor

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

B2.4: 3/3 - Recent company, no proceeding identified, capital €1,000 but gearing not evaluable

B3 · Garanties & Sûretés 10.0/15

B3.1: 7/9 - First rank mortgage in process of registration on identified asset

B3.2: 1/4 - Guarantors natural persons, patrimony not documented

B3.3: 0/2 - No banking partner identified, project <€2M → not RF2

B4 · Structure financière 12.0/15bon

B4.1: 3/5 - Loan-to-Value (ratio prêt/valeur actif) 73.6% (€199K/€270K) → threshold 55-75% → 3pts

B4.2: 3/4 - Contribution €100K that is 33% of total cost → threshold 35-50% RE-property trader → 3pts

B4.3: 3/4 - Margin 28.8%, stress -20% remains viable

B4.4: 2/2 - Gross margin 28.8% > 15%

B5 · Pré-commercialisation 2.0/10faible

RE-property trader: no documented sale commitment
Standard Manosque market, small liquid surfaces but no signed promise
Standard product on secondary market → 2/10

B6 · Permis & Maturité 4.0/5bon

Land in process of acquisition (purchase price €270K documented, notary contribution planned before drawdown)
Operation without heavy works, no permit required
Deed not yet signed at file date → 4/5

B7 · Marché & Localisation 1.0/3faible

Manosque, medium-sized town in Alpes-de-Haute-Provence, stable secondary market
Limited data, documented rental demand but shallow market for subdivision
Score 1/3

Points forts

✓First rank mortgage on identified asset covering 135% of fundraising

✓Operator significant contribution: €100,000 that is 33% of total cost

✓Comfortable projected gross margin at 28.8% on operation cost

✓Operation without heavy works, limited execution risk

✓Escrow of 6 months interest securing first disbursements

Risques identifiés

!Operator with no documented history of property trader deliveries on any platform

!No pre-sale or signed promise on the 8 lots at this stage

!Personal guarantee not notarised, patrimony of associates not evaluated

!Company with capital of €1,000, financial solidity of issuer not verifiable

!Secondary market Manosque illiquid, uncertain resale timeframe over 12 months

⚠ 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.