Multi-Family Building Acquisition - 10 Year Financial Model (Excel XLSX)

Financial model presenting an investment scenario of a Multi-Family Building, from the acquisition of the property to a potential future sale.

The model contains the basic elements required to determine a range of possible IRR returns to an investor, given a high-level set of assumptions about the asset's operating forecasts, leverage, and exit price.

Model Structure

•  General Setup & Acquisition Inputs
Operating and Acquisition-related inputs, including Project Timing, Acquisition, Renovation and Property Sale Assumptions, Apartments Metrics (6 Apartment Types, Units Size, Rental Rates, General Vacancy, etc.), Revenue (Apartments Rentals, Retail Shops Rentals, Parking Spaces), Operating Expenses, Capital Expenditures and Financing through Equity and 2 Loan types.

•  Units Rentals Assumptions
Assumptions for rent pace per Apartment type including calculations of the total time needed to rent all the apartments and the month when all apartments are rented. This tab includes also assumptions for the total number of parking spaces entitled to each apartment type. 

•  Debt Schedules
Amortization Schedules for the 2 types of loans provided in the model

•  Monthly Cash Flow
Monthly CF presents all the operating cash flows of the property over monthly periods.
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 from property acquisition to disposition.
It includes Unlevered and Levered cash flows, Return Metrics (Pre-Tax & After-Tax IRR, MOIC, Free and Clear return, Cash on Cash return) and Stabilized Yield-on-Equity Calculation

•  Investors' Returns Waterfall
A 4-tier IRR hurdle waterfall model to distribute proceeds between investors. The model allows for up to four tiers (IRR hurdles) and assumes only one sponsor (i.e., GP) and one LP. The first tier distributes cash flow to the partners until the LP has achieved some defined preferred return and received a full return of capital. Assuming the preferred return hurdle is hit in tier one, cash flow is distributed in tiers two through four based on a defined promote structure and hurdle rates as outlined by the user.

•  Acquisition Summary:

A high-level summary of the project key info, including:

• Key Project Metrics (Total Apartments, Avg. Rental Rate and Avg. Acquisition Cost per Apartment, Risk & Return Metrics)
• Uses & Sources of Cash
• Operations Summary (Gross Revenue, Net Operating Income, Net Cash Flow)
• Property Sale and Project Level Return Metrics (Unlevered & Levered)
• Partnership Level Return Summary (LP's & GP's)
• Dashboard

Detailed instructions for the use of the model are included in the Excel file.

Help & Support

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