Professional Financial Models. Free.

Multifamily Development Model

Underwrite residential development from land acquisition through construction, lease-up, refinancing and exit.

Hotel Development Model

Connect room strategy, construction costs, operating performance, financing and exit returns.

Construction Financing Model

Size a construction facility and create a monthly debt draw, interest and maturity schedule.

Real Estate JV Waterfall Model

Allocate whole-deal cash flow between LP and GP through preferred return and promote tiers.

IRR Calculator

Estimate the annual internal rate of return from an initial investment, recurring distributions and exit proceeds.

Hotel Valuation Calculator

Turn rooms, ADR, occupancy and operating margin into an indicative hotel value.

Residual Land Value Calculator

Work backward from completed value to the land price a project can support.

Maximum Loan Calculator

Size the tightest loan amount under LTV, LTC, debt-yield and DSCR constraints.

NEW TO FINANCIAL MODELLING?

Start here. Follow the economics in order.

Understand project economics

Start with sources, uses, revenue and operating cost.

Calculate project costs

Build a complete and phased development budget.

Calculate debt

Size the lowest proceeds under lender constraints.

Calculate returns

Read IRR and equity multiple together.

Stress-test assumptions

Combine adverse timing, value, cost and financing.

PROFESSIONAL TOOLS

Advanced capital and underwriting models.

For users who need more than a simple feasibility screen.

Build-to-Rent Development Model

Development cost · Monthly lease-up · Stabilized rent · NOI

Hotel Development Model

Total development cost · Cost per key · Room revenue · RevPAR

Hotel Acquisition Model

Purchase price · RevPAR · NOI · Acquisition debt

Student Housing Development Model

Cost per bed · Annual rent · Occupancy · NOI

Coliving Development Model

Development cost · Cost per room · Lease-up · Operating costs

Office-to-Residential Conversion Model

Acquisition and conversion cost · Cost per unit · Peak funding · Lease-up

BUILT TO BE AUDITED

Know what is behind every number.

Clear inputs, connected schedules and visible validation.

Open formulas

Editable workbooks without VBA, macros or hidden calculation engines.

Base and downside

Stress costs, income, timing, leverage and exit assumptions.

Validation checks

Sources and uses, debt roll-forward and distribution checks where relevant.

PRACTICAL FINANCE LIBRARY

Learn the method. Use the tool.

All 50 guides

Development

How to Build a Real Estate Development Model

A development model converts land, construction, timing, financing and exit assumptions into monthly cash flow and investor returns.

Investment Analysis

How to Calculate Development IRR

Development IRR measures the time-adjusted return on equity contributions and distributions over the project programme.

Development

How to Calculate Maximum Land Price

Maximum land price is the residual purchase price that leaves enough value to cover non-land costs and the required developer profit.

Hotels

How to Build a Hotel Financial Model

A hotel model links rooms, ADR, occupancy and ancillary revenue to operating profit, financing, valuation and equity returns.

Hotels

Hotel Development Feasibility Explained

Hotel feasibility asks whether market demand and hotel economics support the full development cost, financing and required investor return.

Financing

How Construction Loans Work

Construction loans fund eligible project costs through draws and charge interest on the balance actually advanced.