Colocation Pablo Picasso Corbeil-Essonnes

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.

Colocation Pablo Picasso Corbeil-Essonnes

Fragile

score / 100

Yield

9.0%/yr

Duration

36 months

Min. ticket

10 €

Amount raised

149 k€

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À propos

Acquisition and light renovation of 105.87 m² apartment located 14 rue Pablo Picasso, 91100 Corbeil-Essonnes, in order to convert it to furnished flat-sharing of 6 bedrooms. The operator CJI Invest (Thierry Chouakam Jiabe) targets gross monthly rent of 3,000€ and plans banking refinancing in due course. Total budget of 189,000€: 145,000€ acquisition, 15,000€ works, balance in fees.

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 (38.0 brut, red flags −5)

B1 · Instrument & Structure 8.0/10bon

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

B1.2: 2/3 - Direct loan SASU issuer, clear local EU law

B1.3: 1/2 - First-ranking mortgage pledged but registration in progress at time of issuance

B2 · Opérateur & Track record 5.0/15faible

B2.1: 2/4 - Manager appointed (Thierry Chouakam Jiabe) without verifiable public profile

B2.2: 1/5 - 1 comparable transaction documented (same residence), company created <1 financial year

B2.3: 0/3 - First transaction on Bricks

B2.4: 2/3 - No insolvency proceeding identified, balance sheet absent (company too recent)

B3 · Garanties & Sûretés 10.0/15

B3.1: 7/9 - HLPD first rank in course of registration + supplementary conventional mortgage (deed signed, formality in progress)

B3.2: 1/4 - Personal guarantee under private deed, patrimony not evaluated

B3.3: 0/2 - No banking partner on this project

B4 · Structure financière 9.0/15

B4.1: 3/5 - Loan-to-Value (ratio prêt/valeur actif) 78.8% (149k/189k total cost) → 65-75% range slightly exceeded

B4.2: 2/4 - Equity contribution 40k€ on 189k€ total = 21.2%, 15-25% range

B4.3: 2/4 - Rents 36k€/year vs charges 17k€ interest+626€/month expenses = limited margin, stress -10% falls below threshold

B4.4: 1/2 - Operating margin 19k€/year before full operating charges, interest coverage assured

B5 · Pré-commercialisation 2.0/10faible

marchand de biens: No lease contract signed to date, no undertaking on lots
Property not yet acquired at time of file
Local lettings market favourable (RER D, CHU, university), 1 similar operation occupied 100% in same residence

B6 · Permis & Maturité 3.0/5

Land not yet completed (acquisition planned with collected funds), light works not requiring planning permission. marchand de biens: targeted property identified, conditional notarial deed upon Bricks release
Score 3/5 prudent

B7 · Marché & Localisation 1.0/3faible

Corbeil-Essonnes: stable secondary market, peripheral Ile-de-France
Estimated value 165k€ for 105m² = 1,558€/m², well below Ile-de-France averages
Furnished flat-sharing supported by local lettings demand but market poorly liquid

⚠ Alertes détectées · −10 pts déduits

Ratio prêt/valeur trop élevé −5 pts

LTV calculated at 78.8% (149,000€ raised / 189,000€ total cost) - exceeds RE-MDB 75% threshold but RF7 only triggered if >85%; however calculation on acquisition value alone gives 149k/145k=102% - nevertheless reference value retained is total project cost. Reassessment: 149k/145k (acquisition price alone) = 102.7% → RF7 threshold >85% triggered.

Ratio prêt/valeur trop élevé −5 pts

LTV 102.7% on acquisition price alone (149,000€ / 145,000€) - loan to value ratio on acquisition exceeds 85% threshold

Points forts

✓Statutory special mortgage of lender of funds (HLPD) of rank 1 registered on property

✓Equity contribution of 40,000€ conditional before release of Bricks funds

✓Works escrow of 15,000€ disbursed on invoices, platform control

✓Operator justifies comparable transaction in same residence occupied at 100%

✓Gross forecast rents (36,000€/year) cover annual Bricks interest (13,410€)

Risques identifiés

!LTV on acquisition price alone exceeds 100%: amount raised (149k€) > property price (145k€)

!Company created less than one financial year ago, no balance sheet available, equity capital of 100€

!Personal guarantee under private deed only, not notarised, manager patrimony not evaluated

!Repayment strategy dependent on uncertain banking refinancing at 36 months

!Land not yet completed at time of fundraising, risk of acquisition failure

⚠ 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.