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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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Gros 12

8d in stage· 16 units
OverdueNext action14 Sept 20266d overdue·
Yield on cost
7,6 %

Cost and returns quoted on — change

Asking
TPC
6.656.224 €
416.014 € / unit
LP IRR
12,5 %
clears the 12,0 % bar
Yield on cost
7,6 %
clears the 7,0 % bar
Total cost
6.656.224 €
416.014 € a unit
LP equity
2.720.911 €
2,08× back
Stabilised NOI
507.235 €
on 979.442 € revenue
Exit
5.707.846 €
net of debt · year 7
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

16 units

WhatAmountSharePer unit
Purchase pricethe price on the plan5.600.000 €84,1 %350.000 €
Transfer tax (ITP)a rate on the price336.000 €5,0 %21.000 €
Stamp duty (AJD)a rate on the price42.000 €0,6 %2.625 €
Broker's commissiona rate on the price168.000 €2,5 %10.500 €
Due diligencea rate on the price28.000 €0,4 %

Still missing 2

Work the whole list →
  • Plan has 2 units, the deal says 16Per-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.
1.750 €
Notary, registry, SPV, tax advicefour figures on the plan8.700 €0,1 %544 €
Renovationper unit × the units, plus common areas, plus contingency92.000 €1,4 %5.750 €
FF&E and ITper unit × the units174.400 €2,6 %10.900 €
Permits, architect, designfigures on the plan74.000 €1,1 %4.625 €
The firm's feea share of the total, including itself133.124 €2,0 %8.320 €
Total project cost6.656.224 €100 %416.014 €

Deliberately outside this total

IVA fronted on works and fees114.471 €
Reclaimed, typically within 12 months. It changes when the money is needed, never what the building costs.