L'Ambre (06) — 12%/an · 24 mois

Plateforme · 18.0/25

A1 · Statut réglementaire 8.0/8✓ max

agrément AMF licence AMF fonds propres-2023-15 currently valid
Maximum regulatory status

A2 · Track Record 3.0/6

Default 10.45% → 1.5pts (×0.5=0.75)
Delay 10.45% → 4.5pts (×0.3=1.35)
Target IRR ~10% consistent with historical announcements → 6pts (×0.2=1.20)

A3 · Rigueur de sélection 2.0/4

880 projects funded, 420M€ raised since 2019
Process mentioned but selection rate not published in available data

A4 · Santé financière 3.0/4bon

Independent platform, 6 years of operations, iXO Private Equity entry into capital in 2025
Modest share capital (150K€) but institutional support now secured, no platform distress signal identified

A5 · Protection investisseurs 2.0/3

agrément AMF licensed → mandatory 4-day reflection period and business continuity plan (1pt)
Segregated payment account probable via third-party provider (1pt)
Secondary market not documented in available data

Projet · 19.0/75 (32.0 brut, red flags −13)

B1 · Instrument & Structure 9.0/10bon

B1.1: 5/5 - Direct participating loan with remuneration, French law, fixed rate

B1.2: 3/3 - société dédiée (SPV) MBCK INVEST dedicated to the transaction

B1.3: 1/2 - No declared subordination, security not registered on assets

B2 · Opérateur & Track record 9.0/15

B2.1: 2/4 - Associates named with roles, public profiles not verified

B2.2: 4/5 - 12 property trader transactions claimed, not individually verified

B2.3: 2/4 - The Sunrise ongoing on LPB, without incident

B2.4: 1/3 - société dédiée (SPV) without accounts, register verification not performed

B3 · Garanties & Sûretés 7.0/15faible

B3.1: 6/9 - Fiduciary security on société dédiée (SPV) shares, treated as pledge

B3.2: 1/4 - Joint and several guarantees SSP 3.25M€, guarantors' assets not documented

B3.3: 0/2 - No banking partner on a 3.4M€ transaction

B4 · Structure financière 3.0/15faible

B4.1: 0/5 - LTA 155% of acquisition price

B4.2: 1/4 - Initial contribution of 309K€, i.e. 17% of acquisition

B4.3: 0/4 - No stress test, Loan-to-Value (ratio prêt/valeur actif) on sale price of 62%

B4.4: 2/2 - Projected margin of 22% of turnover

B5 · Pré-commercialisation 2.0/10faible

No pre-marketing, sale scheduled upon completion of works
The ultra-luxury segment is less liquid
The expert valuation of 4.9M€ exceeds the target exit of 4.4M€

B6 · Permis & Maturité 0.0/5faible

Land under agreement dated 08/04/2026, acquisition not executed
Prior declaration obtained on 06/08/2026 and currently in purge period

B7 · Marché & Localisation 2.0/3

Saint-Paul-de-Vence, premium Côte d'Azur
Exit price of 8,073€/m², higher than local average price of 5,653€/m²
Live data outside scope (Paris commercial), not retained

Points forts

✓Platform licenced PSFP AMF FP-2023-15

✓Projected margin of 22% of turnover

✓Independent expert valuation at 4.9M€, above the target exit of 4.4M€

✓Fiduciary security on SPV shares and joint and several guarantees of 3.25M€

✓Premium location on Côte d'Azur

Risques identifiés

!Loan of 2.7M€ exceeding acquisition price of 1.75M€ (LTA 155%)

!Land not acquired, no pre-marketing on a low-liquidity ultra-luxury segment

!Guarantees under private deed, guarantors' assets not documented

!Cumulative exposure to the same operator, with The Sunrise at 3.38M€ ongoing

!Legal situation of associates not verified, no financial statements provided

⚠ 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.