Commercial Real Estate Properties, Development, Financial Model, Investment, Real Estate, Residential Properties

10-year Financial Projections, Cash Flow Analysis, Cash Flow Projections, Cash-on-Cash Multiple, Excel, Financial Analysis, Financial Model, Financial Modeling, Financial Planning, Financial Projections, Financial Reporting, Financing, Forecasting, Investment Multiple, Investor Cash Flows, Investors, IRR (Internal Rate of Return), Property Appraisals, Property Valuation, Real Estate Valuation, Revenue Projections, Startup Financial Models, Uses and Sources of Funds

A condominium (or condo for short) is a building structure divided into several units that are each separately owned, surrounded by common areas that are jointly owned.

Unlike apartments that are leased by their tenants, condominium units are owned outright. Additionally, the owners of the individual units also collectively own the common areas of the property, such as corridors/hallways, walkways, laundry rooms, etc., as well as common utilities and amenities.

This Financial Model presents a development scenario of a Condominium Building with units available for Sale and enables users to get into details of every step of a Condominium building project, from the construction stage to sales of Units, projection of cash flows, and returns to investors.

The structure of the template follows Financial Modeling Best Practices principles and is fully customizable.

Model Structure

Set-up Inputs:

• General Business Info & Reporting Metrics
• Project Timing (Construction Time Frame, Units Pre-Sales, and Sales timing assumptions)
• Property Metrics (6 different types of Units, including # of Units and Avg. Unit Size)
• Operating Expenses (HOA, Real Estate Taxes, Sale Expenses)
• Financing & Capital Structure – Uses & Sources of Cash analysis (Financing through Equity & Debt)Development Budget:
• Timing and Cost Assumptions for the construction period (Land Purchase, Hard & Soft costs, G&A, etc)

Condo Sales:
• Assumptions for the Pre-Sale and Sale of Condo Units including Avg. Units Sale price and Pre-sales and Sales Metrics per Unit Type

Monthly Cash Flow
• Detailed calculation of cash flows over monthly periods from construction to sale of Units
• It allows users to control the timing and how the cash flows over that time.

Annual Cash Flow
• A roll-up of the monthly cash flows into annual periods, including Equity & Debt Schedules, Unlevered, and Levered net cash flow.

Partnership Returns (Waterfall)
• A 4-tier IRR hurdle waterfall model to distribute proceeds between the general partner and limited partner.

Project Summary
• The summary tab contains all high-level project information for review and is designed to be easy to read, print, and save to pdf. It includes general info, timing, square footage, unit info, sources and uses of cash summary, Key Financial Metrics, Property, and Partnership Level Returns.

Instructions on the use of the model are included in the Excel file.

Help & Support

Committed to high quality and customer satisfaction, all our templates follow best practice financial modeling principles and are thoughtfully and carefully designed, keeping the user’s needs and comfort in mind.

No matter if you have no experience or are well versed in finance, accounting, and the use of Microsoft Excel, our professional financial models are the right tools to boost your business operations!

If you, however, experience any difficulty while using this template and you are not able to find the appropriate guidance in the provided instructions, please feel free to contact us for assistance.

If you need a template customized for your business requirements, please e-mail us and provide a brief explanation of your specific needs.

File types: .xlsx and .pdf