For all you multi-family property buyers and investors in the audience... please note that the Apartment Property Acquisition Back of the Envelope Excel template file previously offered at getrefm.com is no longer available. The tool has been improved and migrated over to our web-based Valuate software application, which is available for free... read more →
If you are in Virginia, be sure to register for our upcoming Urban Land Institute program in Richmond, which is geared towards non-financial professionals who want to understand how developers price the dirt. The morning-long session will expose you to key concepts and skills related to residual land valuation. Learn... read more →
Whether you're accessing our new back of the envelope calculator from your desktop computer, tablet or phone, here are a few tips to help you get through your analyses with blazing speed. From Your Desktop: Upon landing on the first page, you can hit the Tab key twice and the Property Name... read more →
In some real estate acquisition transactions, the buyer has the legal option -- or is obligated -- to keep the in-place senior mortgage loan on the property. This is known as "assuming" the loan. What it means is that a new borrower entity replaces the original borrower entity, keeping everything else about the loan... read more →
Test your aim and blow off some steam here. Brought to you by Valuate.
If you've ever asked the question "Where can I find current pricing quotes on equity and debt placements?", we have the answer for you: the Cushman & Wakefield Capital Markets Update report (sent out by email weekly). This report is a terrific data source for keeping your finger on the... read more →
CMBS, or commercial/collateralized mortgage-backed securities, is a whole world unto itself in real estate finance that revolves around the bundling and packaging of pools of real estate loans that are then marketed for sale. Before these pools are sold, if the loan pool is large enough, it is legally separated into tranches (slices),... read more →
Mezzanine financing is a sometimes confusing part of the capital structure in a real estate transaction. Part of the reason for this is that the term mezzanine is really a catch-all for an entire category of non-senior mortgage debt, non-common equity instruments that can fill a capitalization gap between them. Mezzanine... read more →
This is long overdue, but better late than never... Model for Success is now mobile-friendly! Enjoy.
Let's say you have an existing waterfall model in Excel that is built out to support 5 tiers (hurdles). The equity JV waterfall structure is cumulative and compounding in nature, and provides for the following: first (Tier 1), distribution of an 8% look-back IRR-based annual preferred return, measured off of... read more →