What the product does, what is being built, what is next.

One list for the whole book

Ledger, cards, sentences or the full table; cards on a phone, grouped by stage or city; every cut lives in the address bar.

The book on a real map

Every deal with a pin on open street tiles; resting the mouse on a pin names it, a press opens the deal, the market around it, the licence and a way to ask about the place.

A lead from a name, a photo or a spreadsheet

Start with a name; read the rest off a broker's sheet or paste rows out of Excel, duplicates named at the door.

Triage and committee

One lead per screen, three verbs on the keyboard, and a tally for the meeting.

Stages with time limits, passes with reasons

A lead rots in a week; a pass keeps its coded reason so the thesis is tested against what was declined.

Insights: where deals die, which sources deliver

Stage by stage from the full history, per broker and introducer.

The figures strip stays shut

Pipeline KPIs open only when asked for; the deals are the page.

Saved views: put me back where I was

Pinned deals, collapsible bands, a remembered cut per person.

specs/table-views.md steps 4–6, gated on §8's four questions.

Screen per stage

A lead is a postcard, a study adds the record, an offer adds negotiation — the stage decides the screen throughout.

STAGE-SHAPED.md §2.

The thesis as four questions

What we buy, why it is available, what we do, what has to be true — with the return it was argued against.

Yield on cost first, the IRR beside it

The headline is the firm's benchmark — seven to nine percent is the band — with a quiet mark under the floor.

Leveraged yield at the deal's own structure

NOI over the equity at the financing the deal is done on: no debt reads as the yield, 50 % LTV as twice it; the structure picker moves it everywhere.

Buy to sell, hold and sell, buy and hold

Every plan says which kind of deal it is, and its exit year follows — four, seven or ten.

Negotiation as rounds

Cash, seller finance with instalments and a bullet, deferred, mixed; superseded rounds stay; the agreed price traces to its round.

Six contract dates as a sequence

Reserva to escritura with the gaps written out, and an extension bought in days and euros.

Due diligence that knows a Spanish purchase

Nota simple, IBI, community, tenancies, licences, ITE — each point verified by name and date, with the document that answers it.

Every change kept, with a restore

Before and after, who and when, on the deal and its plan.

The Now strip and the verdict that names its cure

The one thing this deal needs, said at the top of the page.

DEAL-PAGE-REVIEW.md §3 S1–S9; S1 and S3 ruled later on 19-Aug.

A plan built from speech or by hand

Describe the building, answer three questions, and a first plan exists; or three steps pre-filled from the deal.

Short lets and monthly lets in one building

By the night and by the month side by side, a rent roll collapsed to types, units that switch to nightly for the summer.

Every P&L is USALI, from one definition

Revenue, departmental, undistributed, GOP, fees, EBITDA, reserve, NOI — the same rows on every screen and document.

Seller finance modelled properly

Entrada, instalments, bullet, the bullet refinanced the way a bank sizes it, and what a deferred price is worth today.

Several financing structures, one reporting basis

The deal names the structure it is done on and every figure anywhere follows it.

Sensitivity across any two levers

Price, exit yield, exit year, occupancy, rate, works — shaded by distance from the firm's bar; the price axis closes once arras are signed.

If the licence never comes

The same building let by the month, priced unit by unit, beside the plan as reported.

The plan checks its own arithmetic

Every run re-ties; the plan says when it has moved past the last exported workbook.

Seasonality: twelve monthly shares

A partial first year and a high season that is not August everywhere.

AFTER-LAUNCH.md, Engine.

Provenance behind every figure

Where each number came from — the house, the pack, a document, a hand.

Ruled next after db/97, 31-Aug; SUGGESTIONS.md, LICENCE.md.

The management company's own P&L

The operator's economics beside the building's.

OPERATOR-FEES.md §9.

Ten documents on the firm's paper

Deck, investment summary, initial study, full plan, one-pager, cash flow, Excel model, LOI, binding letter, GP-LP terms.

The Excel export is a live model

Formulas, not a dump: change an input and the book recomputes.

Fit to send

Per deal, what would print blank on the summary and the plan, worst first.

The inbox: one mouth for every file

A photo that knows where it was taken files itself; nothing is deleted on filing.

Documents read into facts

Summary, alerts and proposed values, each with the sentence it came from; nothing written until you press.

Needs the reading key, so the Showroom shows the door and not the reading.

Brokers' WhatsApp, admitted at the door

Conversations with their media; a stranger held apart and purged.

Needs a connected number; not visible on the Showroom.

Document requests, chased

The letter in Spanish and English, reconciled on upload, chased until it arrives.

specs/document-requests-plan.md steps 2–5.

A folder of PDFs to a draft model

The archive read into a first plan.

HANDOFF.md §6 item 3; the spreadsheet half shipped 30-Aug.

A raise on every deal, with its rule

Minimum cheque, closing date, who is admitted at what depth — and whether an investor may take a quarter, a share, or all or nothing.

The prospect's shelf

One link, the card, the stops the rule leaves, the rest of the shelf, and four documents to take away without a watermark.

Press The investor in the band.

Capital calls and the ledger

Call a tranche, wire instructions per investor, receipts against the plan's own tranches.

Capital across the book

How much the firm is short and in which month, over one, three or five years, by how firm the money is.

The investor's statement and portal

One sentence, three figures, a card per deal, the plan read-only where one exists; a revocable link or a sign-in.

Press The investor in the bar; the links are issued from Holdings.

Holdings: who owns what

The entity register drawn as the tree it is, the GP's own economics per deal.

Portfolio: the owned book, judged

Each trading building against the plan that raised the money, month by month.

The investor's front page: the shelf on a map, and how much I want to invest

A prospect opens on every raise they were sent, pinned by town on a map of Spain; a typed sum ranks them and says the share it buys of each.

Press The investor in the band.

The investor's rooms: a menu, how it works, learning, ask the firm

A collapsed menu on every investor screen; the road from the card to the notary; the firm's dated reading of the rules; questions answered at once in the firm's words, and any question filed on the deal for the firm to read.

Press The investor in the band, then Menu.

How you invest: the prospect's wizard

Six presses on the first visit — how much, when, what kind and how long, where, a share or the whole, how to reach them; the shelf ranks itself by the answers and the firm reads them beside the name on the raise panel.

Press The investor in the band; the wizard opens on the shelf.

How to hear from us: channel, cadence, the radar

In the How-you-invest room a prospect says WhatsApp or email, how often, whether they take the firm's periodic note and what goes in it; the firm reads it under their name. Every card and row says whole ticket or a share, and the shelf opens on the kind they asked for.

Press The investor in the band, then Menu → How you invest.

The radar itself: the note that goes out

A routine that composes and sends the periodic note — new raises that fit, the learning notes as written, what closed — to those who asked, by the channel and cadence they chose.

The preference exists since 13-Sep; the sender is the next step and needs the WhatsApp and mail doors.

Which point of view am I taking?

A band across the top of every Showroom screen says who you are looking as — the firm's desk or an admitted prospect — with one press to the other side.

An LP sees every GP they hold, at one sign-in

The portal scoped by who the person is, not by the domain.

Ruled 12-Sep; specs/second-gp.md §8 Q4.

Today: the worklist

Tasks, deadlines inside two weeks, overdue actions, stale deals, months nobody entered, money leaving in sixty days — by email at six each morning.

Actuals against the plan

Five figures a month off the channel manager and the bank; a sentence naming the assumption that broke.

House: the defaults every plan starts from

Change a number and every new plan inherits it.

Team, roles, activity

Who signs in as what, and who did what.

The guide, searchable

How the firm runs on this tool, each answer with a door to the screen.

Compliance notes, cited

Regulatory findings pinned to the deals they touch.

The feed that fills it is not built: REGULATION.md steps 3–7.

Mobile pass, items 5–12

Contacts as cards, a fifth More tab, a verb on the deal card, Inbox thumbnails.

specs/mobile-pass.md §3.

A public demo that needs no key

A share link that never expires, every screen live, saving off, nothing real anywhere.

The walk, the hints, and the switch between sides

Show me around, step by step; the firm's desk and the investor's screen one press apart.

Sixteen hospitality deals across Spain

Hotels, aparthotels and hostales in sixteen cities, every plan above the seven percent floor except the two the firm passed on.

The map draws

The blank map of 12-Sep was a missing worker file; fixed and live.

This map

What is built, what is building, what is next — in the app, so it moves with every merge.

Every query fenced by tenant

Every screen reads through the fence; the commit gate refuses a file that reaches past it.

Two firms in one database

Ittai Savran's own GP and Casa Alona share the data layer, each with its own settings row and domain.

app.ittaisavran.com's repoint is in the Vercel console; HANDOFF §0 says whether it has happened.

Contacts shared across GPs

One person, however many books they appear in.

Ruled 12-Sep; a migration and a fence change. specs/second-gp.md §8 Q3.

Row-level security in the database

The database's own fence, after a firm that is not Ittai's shares it.

second-gp.md §4 step 2.

The commit gate

A hundred and fourteen checks, the business-plan validation and the migration numbering, run at the moment of commit.

End-to-end tests in a browser

None exist; the map of 12-Sep was blank for a day because of it.

AFTER-LAUNCH.md, Platform.