Immeuble 19 Août 1944 Vias — 9%/an · 7 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 · 42.0/75 (45.0 brut, red flags −3)

B1 · Instrument & Structure 8.0/10bon

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

B1.2: 2/3 - Direct loan SAS VIDAL, well documented, French law

B1.3: 1/2 - First ranking mortgage provided but registration not yet attested at file date

B2 · Opérateur & Track record 7.0/15faible

B2.1: 4/4 - Manager Thomas Francis Hervé Vidal appointed, SIREN identifiable

B2.2: 1/5 - 10 years experience declared, no validated documented property trader operation, first operation on platform

B2.3: 0/3 - No history on this platform

B2.4: 2/3 - No procedure identified, balance sheet not provided, capital EUR 1,000 very low

B3 · Garanties & Sûretés 10.0/15

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

B3.2: 1/4 - Personal guarantee Thomas Vidal, patrimony not valued, electronic signature not notarised

B3.3: 0/2 - No banking partner identified, project <EUR 2M therefore no RF2

B4 · Structure financière 10.0/15

B4.1: 4/5 - Loan-to-Value (ratio prêt/valeur actif) 50.3% (range 40-55%/marchand de biens)

B4.2: 3/4 - EUR 70,000 equity out of EUR 163,000 total cost = 42.9% (35-50%)

B4.3: 2/4 - No formalised stress test but Loan-to-Value (ratio prêt/valeur actif) 50.3% constitutes moderate structural cushion

B4.4: 1/2 - Margin 13.5% (marchand de biens norm 10-15%)

B5 · Pré-commercialisation 5.0/10

Two purchase offers transmitted on 4 lots (50%), subject to obtaining buyer financing
Offers not notarised (rank 4), not accounted for at 100%
Existing leases on 2 lots
Partial pre-marketing on coastal market

B6 · Permis & Maturité 3.0/5

Acquisition under promise to sell at file date (land not yet concluded)
RF6 triggered because marchand de biens with land not concluded
Works not started
Score 3/5 reduced given the situation

B7 · Marché & Localisation 2.0/3

Vias, coastal municipality Hérault, stable residential market with rental demand and investors
Established secondary market, prices consistent with regional comparables
National trend stable according to live data

Points forts

✓First ranking mortgage provided on identified asset with 145% coverage

✓LTV of 50.3% offers moderate protection cushion

✓Two lots pre-marketed out of four, exit strategy engaged

✓Equity contribution of EUR 70,000 (42.9% of total cost) attested at notary

✓Escrow of 6 months interest and works escrow EUR 11,970 protect first instalments

Risques identifiés

!No validated documented property trader operation for the operator, first experience on platform

!Land not yet concluded, acquisition under promise only at file date

!Personal guarantee signed under private electronic deed, not notarised, strength not evaluated

!Energy diagnostics F and G on certain lots may hinder resale and exit price

!Duration of 7 months leaves little latitude in case of works delay or buyer signature delay

⚠ 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.