CB Saraiva 636

Equity return

1 2 3 4 5 6 7 YEARS
01/06/2024 01/06/2025 01/06/2026 01/06/2027 01/06/2028 01/06/2029 01/06/2030
TOTAL
Acquisition
TRUE TOTAL Acquisition 202 830 202 830 - - - - - -
Building Price 200 000 200 000 - - - - - -
Acquisition Stamp Duty 1 600 1 600 - - - - - -
IMT - - - - - - - -
Acquisition Fee 1 230 1 230 - - - - - -
Hard Costs
TRUE TOTAL Hard Costs 1 859 642 - 1 194 628 665 014 - - - -
Demolition 9 540 - 9 540 - - - - -
Parking below ground 243 270 - 243 270 - - - - -
Condominium room - - - - - - - -
Padel court - - - - - - - -
Pool 28 620 - 5 724 22 896 - - - -
Terraces 7 611 - 4 566 3 044 - - - -
Balconies 25 727 - 15 436 10 291 - - - -
Pateo 4 940 - 2 964 1 976 - - - -
Backyard 27 560 - 5 512 22 048 - - - -
Demolition Contigency 477 - 477 - - - - -
Construction 1 426 495 - 855 897 570 598 - - - -
Construction Contigency 85 402 - 51 241 34 161 - - - -
Soft Costs
TRUE TOTAL Soft Costs 261 560 113 697 124 770 23 093 - - - -
Notarial deeds & registries 1 500 150 - 1 350 - - - -
Architecture & engineering 32 368 22 658 9 710 - - - - -
Technical Studies 10 789 10 789 - - - - - -
Operative Management & Inspection 53 947 26 974 21 579 5 395 - - - -
Marketing - - - - - - - -
Project Facility costs (%/ construction) 10 789 - 10 789 - - - - -
Insurance (global) 15 000 - 15 000 - - - - -
Closing Costs & Lawyers 18 450 5 535 - 12 915 - - - -
Licenses & Taxes 33 333 30 000 - 3 333 - - - -
TRIU Tax 50 000 - 50 000 - - - - -
IMI TAX 200 - 100 100 - - - -
AIMI TAX - - - - - - - -
Development fee 35 183 17 591 17 591 - - - - -

TRUE TOTAL Costs 2 324 032 316 527 1 319 398 688 107 - - - -

Sales
Gross Sales 3 175 970 - 317 597 1 111 590 1 746 784 - - -
Comission 195 322 - 24 415 122 076 48 831 - - -
Disposal Fee 19 532 - 2 442 12 208 4 883 - - -
TRUE TOTAL Net Sales 2 961 116 - 290 740 977 306 1 693 070 - - -

TRUE Unlevered Cashflow 637 083 (316 527) (1 028 658) 289 199 1 693 070 - - -

Unleveraged IRR 20,3%

Total Profits 637 083
Profit Multiple 1,5x

Bank Values
Acquisition Financing 0%
Hard Costs Financing 100,0%
Interests (spread + Euribor) 5,0%
Stamp Duty on interests 4,0%
Stamp Duty on Loan Credit 0,5%
Bank Fees 0,4%

Bank Financing
Loan 1 859 642 - 1 194 628 665 014 - - - -
Loan Repayment (1 859 642) - - (1 859 642) - - - -
% Repayment 100% 0% 0% 100% 0% 0% 0% 0%
Accumulated Loan Value - 1 194 628 - - - - -

Interests 59 731 - 59 731 - - - - -

Stamp Duty on interests 2 389 - 2 389 - - - - -

Stamp Duty on Loan Credit 9 298 9 298 - - - - - -

Bank Fees 7 439 7 439 - - - - - -

Levered Cashflow 558 226 (333 264) 103 849 (905 429) 1 693 070 - - -

Taxes+Comissions (115 976) - - (115 976) - - - -

Levered Cashflow after taxes 442 250 (333 264) 103 849 (1 021 405) 1 693 070 - - -

Levered IRR before taxes 28,2%

Total Profits 558 226
Profit Multiple 1,5x

Levered IRR after taxes 21,8%

Total Profits 442 250
Profit Multiple 1,3x

SHA Loan
Shareholders interest 10%
Maximum value to deduct 279 113

Total Loan (550 000) (550 000) (550 000) - - - -

Project Loan Estimate (464 390)
Real Loan (550 000) (550 000) - - - - - -
Real Loan Repayment 550 000 - - - 550 000 - - -

Interests (165 000) (55 000) (55 000) (55 000) - - - -

Acumulated interests OK (55 000) (110 000) (165 000) - - - -

Levered Cashflow before interests 393 226 (388 264) 48 849 (960 429) 1 693 070 - - -

Comission on Capital Raised 5% (27 500)

Taxes (IRC+Der.Mun) 23% (88 476)

Levered Cashflow 277 250 (388 264) 48 849 (1 076 405) 1 693 070 - - -

Equity return 442 250 (550 000) - 442 250 550 000 - - -
Loan (550 000) (550 000) - - - - - -
Loan Repayment 550 000 - - - 550 000 - - -
Profit 442 250 - - 442 250 - - -

Equity IRR 26,3%

Total Profits 442 250
Profit Multiple 1,8x

Cálculo Financeiro - CBS 636 1 de 1