Résidence du Pont — Mâcon — 9%/an · 7 mois

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 · 47.0/75

B1 · Instrument & Structure 9.0/10bon

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

B1.2: 2/3 - Direct loan operator SASU, clear French law

B1.3: 2/2 - First-ranking mortgage registered at the land registry with documentation

B2 · Opérateur & Track record 10.0/15

B2.1: 4/4 - Gregory Balmet appointed, publicly identifiable manager

B2.2: 4/5 - 6 property trader operations delivered, 8 years activity France

B2.3: 2/3 - Good history on Bricks, no incident

B2.4: 0/3 - Balance sheet unavailable directly; indebtedness 2.54M€ mentioned but register verification incomplete

B3 · Garanties & Sûretés 11.0/15

B3.1: 9/9 - Statutory and contractual first-ranking mortgage registered, 132K€ total

B3.2: 1/4 - Joint and several guarantee Gregory Balmet, assets not documented

B3.3: 1/2 - No bank named, project <2M€, no RF2

B4 · Structure financière 10.0/15

B4.1: 5/5 - Loan-to-Value (ratio prêt/valeur actif) 39.5% (resale 279K€ vs fundraising 110K€), below 40% maximum threshold

B4.2: 1/4 - Equity 20K€ out of 130K€ = 15.4%, range 15-25%

B4.3: 2/4 - Very low Loan-to-Value (ratio prêt/valeur actif) (<40%) compensates for absence of stress test

B4.4: 2/2 - Net margin 114.3% well above 15%

B5 · Pré-commercialisation 2.0/10faible

Pre-commercialisation rate 0% explicitly confirmed in the transaction note
No units pre-sold or under promise
Release conditions require 2 notarised promises before disbursement
Standard Mâcon market

B6 · Permis & Maturité 3.0/5

Land acquired presumed (mortgage registered on identified asset)
Prior declaration for facade work required but not yet obtained at file date
Works not started

B7 · Marché & Localisation 2.0/3

Mâcon: stable secondary market, medium-sized city between Lyon and Dijon
National volumes up +11% YoY
Prices consistent with regional comparables
Loan-to-Value (ratio prêt/valeur actif) 39.5% leaves comfortable margin

Points forts

✓First-ranking mortgage registered covering 132,000 € for a fundraising of 110,000 €

✓LTV of 39.5% with very high expected margin (114.3%)

✓Experienced operator: 8 years, 6 property trader operations delivered successfully

✓Short duration of 7 months, release conditions strengthened by notarised promises

✓Rate 9%/year within RE-MDB standard, works escrow 18,000 € documented

Risques identifiés

!Pre-commercialisation at 0%: repayment entirely dependent on uncertain future sales

!Joint and several guarantee under private electronic signature, not notarised: limited soundness

!Total indebtedness 2.54 M€ for a SASU with capital of 5,000 €: very high leverage

!No banking partner identified; financing quasi-exclusively by debt bond (84.6%)

!Mâcon market with low liquidity for mixed asset (commercial unit + T1): risk of extension of timelines

⚠ 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.