Bricks 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.

IMMO 3 - Immeubles Denormandie 2026

Fragile

score / 100

Yield

9.5%/yr

Duration

24 months

Min. ticket

10 €

Amount raised

2.5 M€

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À propos

Programmatic financing of 2.515 M€ in the form of simple obligations over 24 months for IMMO 3 SARL, family property trader specialised in purchase-division-renovation-resale of old buildings in Occitania (Denormandie scheme). The financing does not relate to already identified assets but constitutes an envelope for future acquisitions. Fourth issuance on Bricks, first prior issuance fully repaid.

Plateforme · 16.0/25

A1 · Statut réglementaire 8.0/8✓ max

agrément AMF licence from AMF currently valid, licence fonds propres-2023-8
History: struck off from registre ORIAS in April 2022 for unauthorised collection, then agrément AMF licence obtained in June 2023
Current regulatory status fully compliant

A2 · Track Record 3.0/6

Default 6.51% → 3 points (range 3-7%)
Delay 5.38% → 4.5 points (range 5-15%)
Actual yield vs announced: not disclosed → 0 points
A2 = (3×0.5)+(4.5×0.3)+(0×0.2) = 2.85 → rounded 3/6

A3 · Rigueur de sélection 1.0/4faible

No selection rate published, no detailed selection process identified in available data
Recognised platform and number 1 in France in 2025

A4 · Santé financière 3.0/4bon

Independent platform, 141M€ collected in 2025, number 1 in France, 600,000 members
Difficult regulatory history (2022) resolved
Rapid growth, no active distress signal identified

A5 · Protection investisseurs 1.0/3faible

agrément AMF licence guarantees 4-day reflection period and continuity plan (1 mandatory point)
Segregated accounts not explicitly confirmed in the data

Projet · 33.0/75 (36.0 brut, red flags −3)

B1 · Instrument & Structure 8.0/10bon

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

B1.2: 2/3 - Direct loan IMMO 3 SARL, well documented

B1.3: 1/2 - No known senior debt, first ranking de facto not registered

B2 · Opérateur & Track record 11.0/15

B2.1: 4/4 - Three Lopez brothers named, roles specified, identifiable

B2.2: 5/5 - 250+ buildings delivered since 2018, >1000 units, proven property trader experience

B2.3: 2/3 - First issuance fully repaid on Bricks, 4 prior financings completed

B2.4: 0/3 - Financial statements not provided, judicial verification impossible

B3 · Garanties & Sûretés 7.0/15faible

B3.1: 4/9 - Notarised personal guarantees from 3 co-managers + joint and several guarantees from holding; mortgage pledges not yet registered

B3.2: 1/4 - Guarantors not financially assessed, statements absent

B3.3: 2/2 - No bank named but project <2M€ strict; 0/2 applicable, no RF2

B4 · Structure financière 7.0/15faible

B4.1: 0/5 - Programmatic financing, Loan-to-Value (ratio prêt/valeur actif) incalculable, no asset identified

B4.2: 0/4 - Equity committed declared explicitly at 0€

B4.3: 2/4 - No stress test, Loan-to-Value (ratio prêt/valeur actif) unknown, partial structural compensation impossible

B4.4: 0/2 - Margin not calculable, future assets not defined

B5 · Pré-commercialisation 2.0/10faible

marchand de biens: no asset identified, no commercial commitment possible
Programmatic financing on future acquisitions
Liquid market in medium-sized towns in Occitania documented
Minimum score 2/10

B6 · Permis & Maturité 0.0/5faible

marchand de biens: land not yet executed - programmatic financing, no asset acquired to date
Assets to be identified during financing period
Score 0/5

B7 · Marché & Localisation 1.0/3faible

Medium-sized towns in Occitania (Castres, Mazamet): stable secondary market, accessible prices
Existing rental demand Denormandie but modest volumes
Score adjusted through live data: stable national market, recovery underway but selective buyers

⚠ Alertes détectées · −3 pts déduits

Terrain pas encore acheté −3 pts

Land not executed - programmatic financing RE-MDB, no asset acquired at issuance date

Points forts

✓Experienced family operator: 250+ buildings delivered, 1000+ units marketed since 2018.

✓First Bricks issuance fully repaid, 4 prior financings with no reported incident.

✓Three joint and several personal guarantees from co-managers + multiple holding guarantees.

✓Denormandie specialisation consistent with revitalisation demand in medium-sized towns.

✓Simple obligation instrument fixed rate 9.5% per annum, clear French law, PSFP-licensed platform.

Risques identifiés

!Programmatic financing without identified asset: LTV, margin and coverage incalculable to date.

!Equity committed explicitly declared at 0€, total leverage on crowd debt.

!IMMO 3 and holding guarantor statements not provided: financial soundness of guarantors not verifiable.

!Mortgage pledges not yet registered at conservatoire: real guarantees not effective at issuance.

!Medium-sized towns market in Occitania: limited liquidity, more selective buyers in 2026, high bank rates reducing investor demand Denormandie.

⚠ 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.