The IGUDAR closed beta is open for applications. Demo money only.
Apply for the beta →Pricing
One published fee grid, the same for every investor. What changes from one card to the next is the ticket.
Closed beta, approved by hand. A prototype with demo money only: nothing is invested.
RETAIL
For one person investing on their own.
Minimum ticket
25,000 MAD
cap 500,000 MAD per project
Personal fees
Service
Net IRR per year
3.5 %
Pessimistic 1.8 %
Total gain after the sale over 5 years
4,246 MAD
Pessimistic 2,147 MAD
net · indicative · not guaranteed
FAMILY CIRCLE
For a family putting its tickets into the same property.
Minimum ticket
25,000 MADper member
family tickets add up
Personal fees
Service
Net IRR per year
3.5 %
Pessimistic 1.8 %
Total gain after the sale over 5 years
4,246 MAD
Pessimistic 2,147 MAD
net · indicative · not guaranteed
PROFESSIONAL
For companies, funds and business angels.
Minimum ticket
250,000 MAD
business angels exempt from caps (art. 44)
Personal fees
Service
Net IRR per year
3.5 %
Pessimistic 1.8 %
Total gain after the sale over 5 years
42,463 MAD
Pessimistic 21,466 MAD
net · indicative · not guaranteed
Simulation net of fees and taxes, not guaranteed: Base scenario of the IGUDAR financial model, sold after 5 years; the IRR includes the sale; total gain = net rent + sale proceeds − amount invested. Pessimistic shown beside Base.
S1Syndication
3.5 % of capital raised
Paid by seller / developer, only if the raise closes. Closing.
At 25,000 MAD: Not charged to you
S2Master-lease structuring
1.5 % of capital raised
Paid by operator (master-lessee). Lease signature.
At 25,000 MAD: Not charged to you
D1Entry fee
0 %
Paid by investor. Subscription.
At 25,000 MAD: 0 MAD
D2Platform fee (all-in)
0.75 %/yr of capital, HT (0.90 % incl. TVA)
Paid by investor, via the sas. Quarterly.
At 25,000 MAD: 187.50 MAD per year HT (225.00 MAD TTC)
D3Exit fee
1.5 % of sale value, HT
Paid by sas, deductible. Asset sale / block sale.
At 25,000 MAD: Paid by the property company when the building is sold. Depends on the sale price
D4Secondary transfer
1.5 % of the amount traded
Paid by selling associate. Each transfer window.
At 25,000 MAD: 375.00 MAD, only if you sell early
D5Performance fee
15 % of the gain above a 6 %/yr hurdle
Paid by sas at exit. Exit.
At 25,000 MAD: Only if the gain beats the hurdle. Depends on the sale price
D6Analytics (optional)
240 MAD or 1,800 MAD/yr (business 6,000 MAD)
Paid by user. Annual.
At 25,000 MAD: Optional, never priority access to assets
| Fee | Paid by | Rate | When | At 25,000 MAD this means… |
|---|---|---|---|---|
| S1Syndication | Seller / developer, only if the raise closes | 3.5 % of capital raised | Closing | Not charged to you |
| S2Master-lease structuring | Operator (master-lessee) | 1.5 % of capital raised | Lease signature | Not charged to you |
| D1Entry fee | Investor | 0 % | Subscription | 0 MAD |
| D2Platform fee (all-in) | Investor, via the SAS | 0.75 %/yr of capital, HT (0.90 % incl. TVA) | Quarterly | 187.50 MAD per year HT (225.00 MAD TTC) |
| D3Exit fee | SAS, deductible | 1.5 % of sale value, HT | Asset sale / block sale | Paid by the property company when the building is sold. Depends on the sale price |
| D4Secondary transfer | Selling associate | 1.5 % of the amount traded | Each transfer window | 375.00 MAD, only if you sell early |
| D5Performance fee | SAS at exit | 15 % of the gain above a 6 %/yr hurdle | Exit | Only if the gain beats the hurdle. Depends on the sale price |
| D6Analytics (optional) | User | 240 MAD or 1,800 MAD/yr (business 6,000 MAD) | Annual | Optional, never priority access to assets |
The last column is worked out for 25,000 MAD, the minimum ticket. HT means before TVA; TTC includes the 20 % TVA that the property company cannot recover.
3.5 % of the capital raised, charged to the seller or developer, and only if the raise closes.
1.5 % of the capital raised, charged to the operator at lease signature.
Subscribing costs 0 %. If a raise fails, the escrow bank returns your money in full.
Seller and operator fees never reduce your return. Fees are a disclosed service charge, never netted against a promised yield.
