Pre-opening | ClubFunding finances the acquisition of a home in Houilles (France) for its land division and resale through a €190,000 bond issue

08/07/2026 – ⏱ 2 min

This article is for informational purposes only and does not, under any circumstances, constitute investment advice or a recommendation.

The crowdfunding platform ClubFunding is preparing a real estate investment opportunity in Houilles, in the Île-de-France region. The operation consists of financing the acquisition of a property as part of a developer operation carried out by the company GIROD IMMOBILIER, through a bond issue secured by a first-rank mortgage. Investors should keep in mind that any reference to return is inseparable from the corresponding risk, which is described below.

The company turns to ClubFunding to carry out a bond issue for an amount of €190,000. The operation has two guarantees: a first-rank mortgage registered over the asset being financed and a personal and joint guarantee from the director, Olivier Girod. The issuer recalls that the higher the interest rate, the greater the risk of loss of capital or non-payment of interest, and that past returns are not indicative of future returns.

Asset Description and Operation Plan

The asset is a single-family home of 90 m² built on a 299 m² plot, located in a residential neighborhood of Houilles, a 10-minute walk from the city center, 15 minutes from the Houilles train station and about 40 minutes from Paris. The property includes a living room, a kitchen, a bathroom, four bedrooms, a garden and a shed. The operation involves obtaining a prior declaration to carry out a land division and create two separate lots: a house with its land and a buildable plot of approximately 187 m², intended to host a future construction.

The acquisition is made for €400,000, equivalent to €4,444/m². After the division, the operator plans the resale of the house and the buildable plot for a total turnover of €570,000, figures which, according to the platform, are consistent with the references observed in the local market. Marketing is well advanced: offers have been received for both lots, with an offer of €370,000 for the home and another of €200,000 for the land, the latter subject to the fulfillment of certain conditions, including obtaining and canceling the prior declaration.

Operator Profile and Collateral

The operation is promoted by GIROD IMMOBILIER, an operator previously financed by ClubFunding and with a prior project already repaid. Among the elements highlighted by the platform are the receipt of offers for 100% of the lots and resale prices in line with the market average. As a counterpart, the platform notes the existence of marketing risk, illiquidity risk and the risk of total or partial loss of the amounts invested.

In compliance with the European Crowdfunding Regulation (EU) 2020/1503, it is recalled that non-experienced investors have a four-calendar-day reflection period during which they may revoke their investment offer at no cost and without justification. It is also warned that this is a participatory financing product —not a deposit or a guaranteed savings product— and that real estate investments carry risks of illiquidity and partial or total loss of principal; this vehicle is not supervised by the CNMV or the Bank of Spain, and lacks the coverage of the deposit guarantee fund or the investor compensation scheme.

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