Pre-opening | ClubFunding finances €1,615,000 to convert an office property into two duplex apartments in Saint-Mandé, at the gates of Paris

27/07/2026 – ⏱ 3 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 France. The operation consists of a debt issuance intended to finance the acquisition and works of an office property of more than 320 m² located in Saint-Mandé, at the gates of Paris, close to the Bois de Vincennes and metro line 1. The operator's strategy is based on a change of use from corporate to residential: the conversion of the asset into two duplex apartments for subsequent sale. Investors should keep in mind that any reference to return is inseparable from the corresponding risk, which is described below.

Financial Terms of the Operation

The company is turning to ClubFunding to carry out a bond issuance for an amount of €1,615,000. The operation is backed by a first-rank mortgage registered over the asset being financed and by a joint and several personal guarantee, not notarized, from Mr. Michael Ossant and Ms. Delphine Ossant Beaulieu. The platform recalls that the higher the interest rate, the greater the risk of loss of capital or of default on interest, and that past returns are not indicative of future returns. The detailed financial terms of the issuance —interest rate, term and payment schedule— will be published on the operation's fact sheet at the time of its opening.

Asset Description and Value-Creation Strategy

The asset is an office property of more than 320 m² located in Saint-Mandé, a municipality bordering Paris, close to the Bois de Vincennes and well connected by metro line 1. The project contemplates a full renovation and the redistribution of the property to convert the existing offices into two duplex apartments of the T5 type, each with an entrance, a kitchen, a living room, four bedrooms, a basement and a parking space. Value creation lies in the change of use —from corporate to residential— and in the revaluation resulting from the refurbishment. On the administrative side, the prior works declaration has been obtained and is pending finality.

Risks and Considerations

Among the favorable factors noted by the operator are the location of the asset, value creation through the change of use, and the liquidity of the market around the Bois de Vincennes. Among the risks are administrative risk, given that the prior works declaration is pending finality, 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 pre-contractual 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 specific risks, such as illiquidity, the risk of not obtaining the expected return, or the partial or total loss of principal. This crowdfunding project is not supervised by the CNMV or the Bank of Spain, and the information provided has not been reviewed by these institutions. Likewise, the invested capital is not covered by the deposit guarantee fund or the investor compensation scheme.

Realty Investor

Our calendar brings together crowdfunding opportunities from across Europe in one place, so you can plan and follow each issue.

Realty Investor

Your real estate crowdfunding, in one app.

Discover new opportunities. Invest through leading platforms. Manage your whole property portfolio from a single place.

The Realty Investor beta is now available. Explore the market, discover new projects and get to know the platform with simulated money, without putting in any capital.

Download the beta and start discovering a new way to manage your real estate investments.