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© 2026 Ittai Savran. All rights reserved.e38cf50 · 20 Sept, 22:07 Madrid
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You are looking as the firm — the desk at Marisol Patrimonio, where deals are worked.

The firmThe investor
What this is|
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Gràcia 31

13d in stage· 24 unitsHigh priority
OverdueNext action16 Sept 20264d overdue·
Yield on cost
8,1 %

Cost and returns quoted on — change

Asking
TPC
6.287.041 €
261.960 € / unit
LP IRR
13,8 %
clears the 12,0 % bar
Yield on cost
8,1 %
clears the 7,0 % bar
Total cost
6.287.041 €
261.960 € a unit
LP equity
2.325.644 €
2,96× back
Stabilised NOI
511.892 €
on 916.660 € revenue
Exit
6.824.052 €
net of debt · year 10
How safe is itany two assumptions as a gridChange an assumptionrevenue, operations, capex, financeThe structures side by sideloan, equity, cover, return

How the cost is built

24 units

WhatAmountSharePer unit
Purchase pricethe price on the plan5.200.000 €82,7 %216.667 €
Transfer tax (ITP)a rate on the price312.000 €5,0 %13.000 €
Stamp duty (AJD)a rate on the price39.000 €0,6 %1.625 €
Broker's commissiona rate on the price156.000 €2,5 %6.500 €
Due diligencea rate on the price26.000 €0,4 %

Still missing 2

Work the whole list →
  • Plan has 5 units, the deal says 24Per-unit figures divide by different numbers on the two screens.Assumptions
  • Interior design and procurementCounted as zero in total project cost, so the yield reads high.Assumptions
Open this model in ExcelLive formulas, not a printout — change an input and the returns move. Every figure foots to the model above, to the euro.
1.083 €
Notary, registry, SPV, tax advicefour figures on the plan8.700 €0,1 %363 €
Renovationper unit × the units, plus common areas, plus contingency113.000 €1,8 %4.708 €
FF&E and ITper unit × the units216.600 €3,4 %9.025 €
Permits, architect, designfigures on the plan90.000 €1,4 %3.750 €
The firm's feea share of the total, including itself125.741 €2,0 %5.239 €
Total project cost6.287.041 €100 %261.960 €

Deliberately outside this total

IVA fronted on works and fees128.163 €
Reclaimed, typically within 12 months. It changes when the money is needed, never what the building costs.