Get a clear picture of the revenue that your deal will generate, starting with the current rent roll, and including your pro-forma rents after increases and improvements. Revenue also includes any future refinances, and eventual sale of the property.

• Residential monthly cash flow analysis with turnover and rent growth assumptions;
• Retail monthly cash flow analysis with lease rollover and rent growth assumptions;
• Rent Roll by unit layout analysis;
• Market rent study by condition, price per square foot and price per unit for comparable rented transactions;
• Reversion analysis determined by going out cap rate;

Learn what your expenses are likely to be, based on the property’s historical performance and expense comps in the market.

• Historical income and expense study;
• Property tax comparable study;
• Property expenses study;

What ramifications will there be from any rent regulations or tax abatements affecting the investment? This often-overlooked category may be the difference between a profitable investment and a huge mistake.

• Tax abatement net present value of future tax savings analysis;
• DHCR rent regulation study;

How much will it cost you to do the deal, and how much should you budget for capital improvements?

• Sources and uses model:
  • Closing cost analysis;
  • Price per door and price per square foot cost analysis;
  • Equity to debt analysis:
• Capital reserve budgets:
  • Exterior and deferred maintenance reserves;
  • Interior renovation reserves;
  • Tenant buyout reserves;
  • Tenant improvement and leasing commission reserves;
  • Lender Interest reserves:

The biggest question investors face is how much debt will the property support? Our debt model will estimate your acquisition and refinance debt.

• Acquisition and refinance debt analysis with loan amortization schedules;
• Debt service coverage, debt yield and mortgage constant analysis;

Get a handle on the appreciation and annual returns that be earned from the investment, and have the key metrics ready to show investors.

• Levered vs. unlevered IRR analysis;
• Equity multiple analysis;
• Cash on cash return analysis;
• Sensitivity analysis for appreciation;
• IRR scenario analyses based on going-out cap rate:

See how to split the profit above a predetermined preferred return.

• Four-tier waterfall model – GP LP equity contributions, preferred return hurdle, subsequent hurdle thresholds;

• NYC Multifamily
• Nationwide Garden Style Apartment Complexes
• Mixed Use Properties (Retail & Multifamily)
• Retail Shopping Centers
• Industrial (Warehouses & Manufacturing
• Ground Up Development Rentals
• Ground Up Development Condo Sellout