Baltis 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.

Projet Chaville – SAS EPI / Baltis

Fragile

score / 100

Yield

12%/yr

Duration

12 months

Min. ticket

1 k€

Amount raised

545 k€

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À propos

Property trader transaction covering the acquisition of two apartments (3-bed and 4-bed units, 216m²) at 1084 avenue Roger Salengro in Chaville (92), to be renovated then resold. Carried out by SAS EPI, company created in 2024, co-founded by Emmanuel Fretigny and Pierre Anselmetti. First operation of the company, acquisition planned for April 2024.

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 · 26.0/75 (34.0 brut, red flags −8)

B1 · Instrument & Structure 8.0/10bon

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

B1.2: 2/3 - Dedicated société dédiée (SPV) EPI, distinct issuer, but capital EUR 1,000 very low

B1.3: 1/2 - First-ranking mortgage claimed, non-subordinated rank documented

B2 · Opérateur & Track record 5.0/15faible

B2.1: 2/4 - Pierre Anselmetti and Emmanuel Fretigny appointed, little verifiable public information

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

B2.3: 0/3 - No platform history

B2.4: 2/3 - SAS EPI created March 2024, no known proceedings but no financial statements available

B3 · Garanties & Sûretés 9.0/15

B3.1: 7/9 - First-ranking mortgage registered (deed signed, registration in progress at time of file)

B3.2: 1/4 - Notarised personal guarantees from founders, patrimony not formally evaluated

B3.3: 1/2 - No banking partner identified by name

B4 · Structure financière 6.0/15faible

B4.1: 2/5 - Loan-to-Value (ratio prêt/valeur actif) not precisely calculable, crowdfunding amount EUR 545K, acquisition value not disclosed; conservative estimate

B4.2: 1/4 - EPI equity contribution not specified, symbolic capital EUR 1,000

B4.3: 0/4 - No stress test presented, Loan-to-Value (ratio prêt/valeur actif)/Loan-to-Cost (ratio prêt/coût total) unknown

B4.4: 1/2 - Announced margin 14% of turnover, within 10-15% range

B5 · Pré-commercialisation 2.0/10faible

No pre-sale commitment at time of fundraising
Marketing planned post-acquisition
Chaville (92) market standard but residential product on liquid market

B6 · Permis & Maturité 3.0/5

Acquisition planned for April 2024 (not yet completed at time of file)
No administrative authorisation required (interior renovation works)
RF6 not applicable as property trader transaction with land in process of acquisition

B7 · Marché & Localisation 1.0/3faible

Adjusted score thanks to live data: Chaville (92) market in documented decline (-3%/year, transactions down 59.9% in 2 years)
Secondary market in persistent slowdown

⚠ Alertes détectées · −8 pts déduits

Terrain pas encore acheté −3 pts

Land not yet completed at time of fundraising (acquisition planned for April 2024, property trader transaction) - -3 points

Aucune garantie réelle sur ce projet −5 pts

No joint and several guarantee from solvent holding; personal guarantees not notarised not formally registered - verify consistency with B3.1

Points forts

✓First-ranking mortgage registered on the two apartments acquired.

✓Operator margin announced at 14%, comfortable level for property trader transaction.

✓Location Chaville (92), sought-after municipality in western Paris.

✓Baltis platform licenced PSFP AMF, investor protections compliant.

✓No administrative authorisation required (interior works only).

Risques identifiés

!Operator SAS EPI created March 2024, no prior completed operation, symbolic capital EUR 1,000.

!Land not completed at time of fundraising, acquisition planned for April 2024.

!Chaville market in sharp slowdown: transactions down 59.9% in 2 years, prices in decline.

!No detailed financing plan provided (equity contribution, bank debt, LTV not calculable).

!Impossible to confirm financial statements of founders; Baltis SIREN confused with EPI in live data.

⚠ 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.