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XNPV in Distribution Waterfall Calculation What is XNPV? https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1609027559014-3G7WXJQ5Z0YVHKTP1WO6/role+of+XNPV+in+waterfall+calculation.png Blog - XNPV in Distribution Waterfall Calculation What role does XNPV play in waterfall calculation? https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1610584838830-FX7WU8NDQPCU65DIM43V/Picture1.png Blog - XNPV in Distribution Waterfall Calculation Example showing a basic waterfall for a single investment. This is showing how to use the XNPV function. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1610584458861-1MNNZ456Q0P105LN3BK1/Picture2.png Blog - XNPV in Distribution Waterfall Calculation XNPV formula. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1610584488922-PBKEXWSW58VE1OOGYOVS/Picture3.png Blog - XNPV in Distribution Waterfall Calculation XNPV Formula. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/175e4a1d-380e-40bb-8d24-880a55e3429c/Eric.png Blog - XNPV in Distribution Waterfall Calculation https://tsmfinancialmodels.com/blog/drawdowns monthly 0.5 2025-10-30 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1608315994451-YW0U5MIDU99WJDVHZT57/what+are+drawdowns Blog - Drawdowns in Private Equity Real Estate https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1608315335472-IFQ1A1CD3CR38M6NPXZZ/Drawdowns Blog - Drawdowns in Private Equity Real Estate https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1608315211896-TZUQMCAX52LUCX2L53WV/what+are+drawdowns Blog - Drawdowns in Private Equity Real Estate https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1608315243114-IID5NHW6MDHYS2076U71/what+are+drawdowns Blog - Drawdowns in Private Equity Real Estate https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1608315390352-QUJ6I9B1CAVTCNJL2KW5/What+are+drawdowns%3F Blog - Drawdowns in Private Equity Real Estate https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1608315356219-B90VA9E848EJXI219ESZ/Drawdowns Blog - Drawdowns in Private Equity Real Estate https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1608315462375-AMGK6RJGRQ2JCCOOMJO6/drawdowns Blog - Drawdowns in Private Equity Real Estate https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/c07124ab-6c9c-420b-9a01-19fa801cec43/Eric.png Blog - Drawdowns in Private Equity Real Estate https://tsmfinancialmodels.com/blog/equity-markets monthly 0.5 2025-10-30 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1605128919126-NFW5TSCJQLDI4UNN86C0/equity+markets+infographic.jpg Blog - Equity Markets in Real Estate https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1605126024497-H0I9C6BDZZPDOSP4MNUQ/equity+markets.png Blog - Equity Markets in Real Estate https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1605126129295-QUD7ZEI748F85O39NT9C/equity+markets.png Blog - Equity Markets in Real Estate https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1605126335289-0KU1JV4DY3X5YVWXXF4C/equity+markets+in+real+estate.png Blog - Equity Markets in Real Estate https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/236adc8e-c770-41ea-abb7-3215ab0af7a7/Eric.png Blog - Equity Markets in Real Estate https://tsmfinancialmodels.com/blog/excel-formulas-for-private-equity-ipmt monthly 0.5 2025-10-30 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1606499318367-MKZXL6UY9JPSQGO48GSY/IPMT+excel+function.png Blog - Excel Formulas for Private Equity: IPMT https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1606497700916-NBWB5VLAPIQRM6GMXCY5/IPMTinExcel.png Blog - Excel Formulas for Private Equity: IPMT https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1606497398842-7A4HMO4MUSZYXWJW4NZO/IPMT+excel+function.png Blog - Excel Formulas for Private Equity: IPMT https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1606497470780-FH967HIK5XH79X83A0QK/ipmt+excel+function.png Blog - Excel Formulas for Private Equity: IPMT https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1606497759642-XT3R1QVPFQ6GWGEQJJTJ/ipmtintrealestate.png Blog - Excel Formulas for Private Equity: IPMT https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1606499666505-ZHG1YKHJ8MTG6ZAEZVQX/IPMT+EXCEL+FUNCTION.png Blog - Excel Formulas for Private Equity: IPMT https://tsmfinancialmodels.com/blog/expense-recoveries monthly 0.5 2025-10-30 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1606859621865-QNCXHJH6KE2UGH80NXGV/Expense+Recoveries.png Blog - What Are Expense Recoveries? https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1606859710512-L87NOG6MEJHD9F5G0ZYS/what+is+expense+recoveries.png Blog - What Are Expense Recoveries? https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1606859831122-QKOYQZB2V3W4ENS2IMTV/calculating+expense+recoveries.png Blog - What Are Expense Recoveries? https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1606349313164-R6UZ6CY251P3W61IKMGZ/expense+recoveries+example.png Blog - What Are Expense Recoveries? https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1606859970160-UIAD0HBHUP7GQZAH6MX1/expense+recoveries+in+real+estate.png Blog - What Are Expense Recoveries? https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/d2dec66f-b798-4258-9728-7b163e651ea3/Eric.png Blog - What Are Expense Recoveries? https://tsmfinancialmodels.com/blog/franchise-tax-in-real-estate monthly 0.5 2025-10-27 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1605731192309-XSPUPK46LH1WCQPQ281V/franchise+tax Blog - Franchise Tax in Real Estate https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1605731170404-W0U2RJZUI1T83UOUONWH/what+is+franchise+tax Blog - Franchise Tax in Real Estate https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1605731261771-GP02R5AJ9FFHWTLDZ2FX/franchise+tax+vs+income+tax Blog - Franchise Tax in Real Estate https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1605731364519-24W596QK7LUU8DPX77IR/franchise+tax+in+real+estate Blog - Franchise Tax in Real Estate https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1605731396717-BP1W3J3EF40Q2MYT6NS7/franchise+tax Blog - Franchise Tax in Real Estate https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1605731416118-LKIG7HYIL9CIV88QP81D/what+is+franchise+tax Blog - Franchise Tax in Real Estate https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/08879ed7-6232-46b1-90a2-9eeef44ed63a/Eric.png Blog - Franchise Tax in Real Estate - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://tsmfinancialmodels.com/blog/libor-in-real-estate monthly 0.5 2025-10-30 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1604600102702-KDL7MCBEK9XJTONF0QXT/LIBOR.png Blog - LIBOR - What is it and How is it Used in Real Estate? https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1604600339089-8Z5UTU8WD3MZCJ9N0RX9/what+is+LIBOR.png Blog - LIBOR - What is it and How is it Used in Real Estate? https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1604600564360-0QX5PINNFWUY1M6ZBESN/how+is+LIBOR+calculated.png Blog - LIBOR - What is it and How is it Used in Real Estate? https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1604600860083-F3D3O5D4M0TFTASG0ROA/LIBOR+in+real+estate.png Blog - LIBOR - What is it and How is it Used in Real Estate? https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1604592597145-0VKVCHQXRY7HK7ODBC4B/Multifamily+development+model.png Blog - LIBOR - What is it and How is it Used in Real Estate? https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1604592685795-575OM0V6O2DFE3ZUKJ3Q/Multifamily+development+model.png Blog - LIBOR - What is it and How is it Used in Real Estate? https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ece83647-c9b2-447f-a379-c5fa9bc90a55/Eric.png Blog - LIBOR - What is it and How is it Used in Real Estate? https://tsmfinancialmodels.com/blog/excel-sheet-references monthly 0.5 2025-10-30 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1604610875594-N277X1J5D08IQB8TSRQO/sheet+references Blog - Excel Tips for Private Equity: Sheet References https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1604445943655-S4C4VUTQBFAZOEBQME7R/What+are+sheet+references Blog - Excel Tips for Private Equity: Sheet References https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1604446006032-Q1SV0A6ET200LO47UOR6/sheet+references Blog - Excel Tips for Private Equity: Sheet References https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1604446064403-C0R24I7JYMDI6TZ2I8FR/sheet+references Blog - Excel Tips for Private Equity: Sheet References https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1604446210931-X6G9XG84BS91OFRKFV76/sheet+references Blog - Excel Tips for Private Equity: Sheet References https://tsmfinancialmodels.com/blog/excel-formulas-transpose monthly 0.5 2025-10-30 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1604090273494-AETAZ1L74KDLSKZE0GI1/Transpose+Function+in+Excel Blog - Excel Function for Private Equity: TRANSPOSE https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1604090448156-9T9Y1XW64DYHQ1ERCG05/What+is+the+Transpose+Function Blog - Excel Function for Private Equity: TRANSPOSE https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1604090575364-7GM190DLT83CC9CTCJPB/Transpose+function+1.png Blog - Excel Function for Private Equity: TRANSPOSE https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1604090662426-YFPNYWS2E1JEKEMQWMFJ/Transpose+vs+Copy+and+Paste Blog - Excel Function for Private Equity: TRANSPOSE https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1604090785956-XMV2A14T1I8SHDYM7FIW/Transpose+function+2.png Blog - Excel Function for Private Equity: TRANSPOSE https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1604090964688-HHWAQZMOMURH4R47PS5B/Transpose+function+3.png Blog - Excel Function for Private Equity: TRANSPOSE https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1604091034147-54QBANPZZLR70JE0DQFU/Transpose+function+4.png Blog - Excel Function for Private Equity: TRANSPOSE https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1604091095759-P1HZE2XW2CY5F10NQKAD/Transpose+function+5.png Blog - Excel Function for Private Equity: TRANSPOSE https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1604091131333-A4N6GPKXP1005SI3UO7M/Transpose+Function+in+Real+Estate Blog - Excel Function for Private Equity: TRANSPOSE https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/c0720e55-219e-43a4-ab4f-8533364a3fc4/Eric.png Blog - Excel Function for Private Equity: TRANSPOSE - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://tsmfinancialmodels.com/blog/loan-interest-expense monthly 0.5 2025-10-30 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1603660583192-U37NDZSZBRRFAMDBKJ2N/loan+interest+expense.png Blog - Loan Interest Expense https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1603656411836-257N9SUNGIXWO2V0NPBG/loan+interest+expense.png Blog - 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Excel Formulas for Private Equity: NPV https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1603404656970-QJQSKLZS9VEQBHDKTIHQ/NPV Blog - Excel Formulas for Private Equity: NPV https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1603404865203-S62F5CI4BRISIMWAED0P/npv Blog - Excel Formulas for Private Equity: NPV https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1603404734556-8930MVD58BCVQU56LA9G/what+is+NPV Blog - Excel Formulas for Private Equity: NPV https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1603404785663-0F882Y0QL6BZBQG9S71K/net+present+value Blog - Excel Formulas for Private Equity: NPV https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1603404990154-3OH3C7Q2VR7CVTOQBH2J/npv Blog - Excel Formulas for Private Equity: NPV https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1603404951016-TPCOANH4II1CM9L6NTZ3/what+is+npv Blog - Excel Formulas for Private Equity: NPV https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/5a93a0df-3b72-455e-a93e-80a498e8f901/Eric.png Blog - Excel Formulas for Private Equity: NPV - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://tsmfinancialmodels.com/blog/excel-formulas-for-private-equity-xirr monthly 0.5 2025-10-30 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1598325742096-6K4X4EBDCDF6901YOO9I/XIRR+formula%2C+xirr+vs+irr Blog - Excel Formulas for Private Equity: XIRR https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1598282314361-3GAYG1T17X07LMZR9D5F/XIRR+formula%2C+Xirr+vs+irr Blog - Excel Formulas for Private Equity: XIRR https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1598279929751-A91QBNPEUC5O2TS1KBCO/XIRR+formula%2C+xirr+vs+irr Blog - Excel Formulas for Private Equity: XIRR https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1598326606774-BG5YX8WSK867UI7482B6/XIRR+vs+IRR%2C+xirr+formula Blog - Excel Formulas for Private Equity: XIRR https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1598280449340-5IL6J48CDU4W44AKLULR/Formula+for+XIRR%2C+xirr+vs+irr Blog - Excel Formulas for Private Equity: XIRR https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1598280643649-0F2KVTQG7OW7GVLGPAC1/XIRR+formula%2C+xirr+vs+irr Blog - Excel Formulas for Private Equity: XIRR https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1598326735880-ZGTR256A9SCEFAT248BZ/XIRR+vs+IRR%2C+xirr+formula Blog - Excel Formulas for Private Equity: XIRR https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/7e847ed4-2c13-4035-8c15-450032ce26c0/Eric.png Blog - Excel Formulas for Private Equity: XIRR https://tsmfinancialmodels.com/blog/excel-tips-total-weighted-average monthly 0.5 2025-10-30 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1602798010870-6TSE64APWMFU3EX7WJX6/total+weighted+average Blog - Excel Tips for Private Equity: How to Calculate Total Weighted Average https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1602798102569-LRX9C55GPIXLDZGV4UN6/total+weighted+average Blog - Excel Tips for Private Equity: How to Calculate Total Weighted Average https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1602798241002-ZE8NFH0812Q3VDDSXUN2/total+weighted+average+function Blog - Excel Tips for Private Equity: How to Calculate Total Weighted Average https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1602798184208-F93MDPU2DEGKXF3GJLF9/total+weighted+average Blog - Excel Tips for Private Equity: How to Calculate Total Weighted Average https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1602798557080-OE0EC6F3K15SU0YDKLVU/weighted+average Blog - Excel Tips for Private Equity: How to Calculate Total Weighted Average https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1602798660168-3T1MKF379EJFZCD82606/total+weighted+average Blog - Excel Tips for Private Equity: How to Calculate Total Weighted Average https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1602798864210-FXJDT0HDHAORGHOX48D8/weighted+average+in+real+estate Blog - Excel Tips for Private Equity: How to Calculate Total Weighted Average https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/d09dc897-de9b-485d-b1fd-287b48741df0/Eric.png Blog - Excel Tips for Private Equity: How to Calculate Total Weighted Average - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://tsmfinancialmodels.com/blog/what-is-unlevered-cash-flow monthly 0.5 2025-10-30 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1601865530632-FPFJ7YDP7CM5259CGKTW/Unlevered+CF+Blog+Infographic.png Blog - What is Unlevered Cash Flow? https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1601865630842-11HJUOP2Z987FV1RDK4K/what+is+unlevered+cash+flow.png Blog - What is Unlevered Cash Flow? https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1601867520244-CZ2T1IH5L0LUBU2OFJDL/unlevered+cashflow+vs+levered+cashflow.png Blog - What is Unlevered Cash Flow? https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1601865874932-6CJ3W1R80RXROUMV2Z6I/unlevered+cash+flow+in+real+estate.png Blog - 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https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/8167e736-d13d-498b-a372-2093eb6b6c9c/Industrial+Acquisition+%28NonARGUS%29.png Industrial Acquisition (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Industrial Acquisition (Non-ARGUS) - real estate financial modeling (Copy) The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Industrial Acquisition (Non-ARGUS) - real estate financial modeling (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620058788299-MH3Z5HCZ1RRQN860ZCA4/Model+Outputs.jpg Industrial Acquisition (Non-ARGUS) - Model Outputs used for investor relations reports/packages and includes sources/uses, capital stack, project costs, rent roll, hypothetical investor returns, etc. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620058788301-B2VKCI2842FJKOSYREFB/Assumptions.jpg Industrial Acquisition (Non-ARGUS) - Assumptions general, acquisition, timing, debt and waterfall assumptions. Also includes summary statistics, rent roll, vacancy assumptions, capex assumptions and sensitivity table https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620058788648-GB6W02VFHA1DGBT0SFO7/Unit+Mix.jpg Industrial Acquisition (Non-ARGUS) - Rent Roll The Rent Roll tab is an input tab. This tab is an Excel file reflecting the in-place leases, along with a lease-up schedule. This has the same function as the ARGUS Rent Roll without actually having ARGUS integrated into the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Industrial Acquisition (Non-ARGUS) - Annual Cashflow (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Industrial Acquisition (Non-ARGUS) - Monthly Cashflow (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Industrial Acquisition (Non-ARGUS) - Waterfall Distributions (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296943371-35PYJGZ4N2SRIH213W73/Lease+Comps.jpg Industrial Acquisition (Non-ARGUS) - Multifamily Acquisition Model (Copy) The Lease Comps tab is an output tab and illustrates basic knowledge of other properties in surrounding areas. This tab acts as a check to see if the rent rates of the project are in line with the surrounding area. If CoStar is not readily available, you can input lease comps into this tab. The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944803-7F60BNJL8767Z8J12DC7/Sale+Comps.jpg Industrial Acquisition (Non-ARGUS) - Multifamily Acquisition Sale Comps (Copy) The Sale Comps tab is an output tab and like the lease comps tab, illustrates basic knowledge of other properties in surrounding areas. If CoStar is not readily available, you can input sale comps into this tab. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945169-LUC3IVEV9YTEZ02Y9LXR/Taxes.jpg Industrial Acquisition (Non-ARGUS) - Multifamily Acquisition Model (Copy) The Tax tab is an input tab that calculates the amount of property tax yearly through the duration of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942274-NPZ8ZATI75PJLQECKXY4/Costar+Exports.jpg Industrial Acquisition (Non-ARGUS) - Loss to lease (Copy) The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686599242918-VHGAB17XKW0FHCVFIM8P/sofr.png Industrial Acquisition (Non-ARGUS) The SOFR tab is an input tab and can be updated by downloading the SOFR forward curve, one-month projection. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620660976610-I1RZGAK6ONWUPMWDLPMM/TSA+Side+Banner.png Industrial Acquisition (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Industrial Acquisition (Non-ARGUS) - Financial Modeling (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Industrial Acquisition (Non-ARGUS) - Excel Financial Modeling (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Industrial Acquisition (Non-ARGUS) - Real Estate Financial Models (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Industrial Acquisition (Non-ARGUS) - Real Estate Financial Models (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Industrial Acquisition (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Industrial Acquisition (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085777341-8AURUK5SZNE6HI9LDS2U/1.png Industrial Acquisition (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085781317-BF9V3XRQ5MCVOHDY274X/5.png Industrial Acquisition (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807130106-JJG8JT8XVOJVIUU6LQE6/Copy+of+View+Product+Button+%281%29.jpg Industrial Acquisition (Non-ARGUS) - TSM Industrial Acquisition Model (No ARGUS) TSM Industrial Acquisition Model (No ARGUS), Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://tsmfinancialmodels.com/multifamily-acquisition-model daily 0.75 2025-04-03 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/fde428ae-235f-4a75-b982-e54aa0368c25/Multifamily+Acquisition.png Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Multifamily Acquisition - real estate financial modeling The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Multifamily Acquisition - real estate financial modeling (Copy) (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296943917-NSQA7QS5JUAP86IIKFJU/Model+Outputs.jpg Multifamily Acquisition - real estate financial modeling (Copy) (Copy) (Copy) The Model Outputs tab is an output tab. This tab displays general deal information such as the unit mix, sources and uses of capital, cashflows summaries, and waterfall summaries. It contains calculations such as Cash on Cash and Debt Yield. There is also a hypothetical investor summary that can estimate cashflows for potential investors. The input can be changed to represent the size of your potential investor’s investment so you can tailor your presentations for specific investors. All the tables in this tab are designed to be copy/pasted into your marketing materials, OMs, and PPMs. Your marketing/investor relations employees do not need to search the model for specific information as it is located in one place. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941739-572FOLTEHXP1Z65DUIN1/Assumptions.jpg Multifamily Acquisition - Multifamily Acquisition Model (Copy) (Copy) (Copy) The Assumptions tab is the main input tab in the multifamily acquisition financial model. Details such as operating assumptions, exit assumptions, and debt assumptions can be found here. This tab also includes a sensitivity table. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945317-R29VSXM4MD27PF8JJZJR/Unit+Mix.jpg Multifamily Acquisition - Multifamily Acquisition Model (Copy) (Copy) (Copy) The Unit Mix tab is an input tab and details different types of units located within the multifamily acquisition project as well as the total amount, square footage, and rent price per square foot. Rent per unit can be toggled to be based on the assumptions entered by the user or can be based upon the inputted comp set. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942767-7RPQ0UMV706JL9NV9AMX/Financials.jpg Multifamily Acquisition - Multifamily Acquisition Financial Excel Model (Copy) (Copy) (Copy) Easily compare stabilized operations to historical financials. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299531249-L2HHHG0GKMP7XWZGCLYX/Renovation+Budget.jpg Multifamily Acquisition - Multifamily Acquisition Model (Copy) (Copy) (Copy) The Renovation Budget tab is an input tab where the interior and exterior costs of a renovation budget can be entered. Timing and duration of the costs can also be entered on this tab. Each specific line item on the renovation budget can be a fixed dollar amount, amount per unit, amount per square foot, or a percentage. This tab in our multifamily acquisition model is used to size debt and equity needs for the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Multifamily Acquisition - Annual Cashflow (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Multifamily Acquisition - Monthly Cashflow (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Multifamily Acquisition - Waterfall Distributions (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296943371-35PYJGZ4N2SRIH213W73/Lease+Comps.jpg Multifamily Acquisition - Multifamily Acquisition Model (Copy) (Copy) (Copy) The Lease Comps tab is an output tab and illustrates basic knowledge of other properties in surrounding areas. This tab acts as a check to see if the rent rates of the project are in line with the surrounding area. If CoStar is not readily available, you can input lease comps into this tab. The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944803-7F60BNJL8767Z8J12DC7/Sale+Comps.jpg Multifamily Acquisition - Multifamily Acquisition Sale Comps (Copy) (Copy) (Copy) The Sale Comps tab is an output tab and like the lease comps tab, illustrates basic knowledge of other properties in surrounding areas. If CoStar is not readily available, you can input sale comps into this tab. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945169-LUC3IVEV9YTEZ02Y9LXR/Taxes.jpg Multifamily Acquisition - Multifamily Acquisition Model (Copy) (Copy) (Copy) The Tax tab is an input tab that calculates the amount of property tax yearly through the duration of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942274-NPZ8ZATI75PJLQECKXY4/Costar+Exports.jpg Multifamily Acquisition - Loss to lease (Copy) (Copy) (Copy) The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686599079749-3H52BPO5GMU73IO6ENBM/sofr.png Multifamily Acquisition The SOFR tab is an input tab and can be updated by downloading the SOFR forward curve, one-month projection. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621010835099-M5MZCMURPE2RQN0MS1DD/Multifamily+Acquisitions%2C+Real+Estate+Acquisitions Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Multifamily Acquisition - Multifamily Acquisitions Real Estate Acquisitions Real Estate Valuation Model Commercial Real Estate Excel Templates https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Multifamily Acquisition - Multifamily Acquisitions Commercial Real Estate Excel Templates Real Estate Case Study Multifamily Acquisition pro forma https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Multifamily Acquisition - Multifamily Acquisition Multifamily Acquisition pro forma Real estate financial modeling excel https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Multifamily Acquisition - Multifamily Acquisitions Real Estate Financial Modeling Excel Template Real Estate Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067119288-P85I0YNL6XOU7EZQACIH/1.png Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067119240-YS9BQQXQRJL2ZE01XP9Q/2.png Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067120232-BR2H9H31J8ZO2QH1359J/3.png Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067120329-KVJ620KFCW14XGY8PGM6/4.png Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067121017-Z25FBRK0EGWIEN33RXFE/5.png Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807130106-JJG8JT8XVOJVIUU6LQE6/Copy+of+View+Product+Button+%281%29.jpg Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807135787-UR3XPE6BCOQV6ESUOHFA/Copy+of+View+Product+Button+%281%29.jpg Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807139638-VUXTBES33JMJIU1K8XMK/Copy+of+View+Product+Button+%281%29.jpg Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807143447-IZAH882II4FEAX25M7QW/Copy+of+View+Product+Button+%281%29.jpg Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067145290-1WXDSRYPYP6H5WQKG72V/6.png Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067145283-24IULYMJUUI4Z9RG936J/7.png Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067146043-5XUH5FHPU8Z2LA2TUCS4/8.png Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067146113-K4NSKV9U5GE9A7A20M8S/9.png Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807888271-P26FO4W991S4GQZODSDR/Copy+of+View+Product+Button+%281%29.jpg Multifamily Acquisition - Multifamily Acquisition Financial Model (MULA005) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807892592-92QTOORIJT9BS9DQYO1U/Copy+of+View+Product+Button+%281%29.jpg Multifamily Acquisition - Multifamily Acquisition Financial Model (MULA006) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807896666-KP1YOIGE3GKCUYAXU95R/Copy+of+View+Product+Button+%281%29.jpg Multifamily Acquisition - Multifamily Acquisition Financial Model (MULA007) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807900950-G9CXB1JNW7LDCCLC8JFL/Copy+of+View+Product+Button+%281%29.jpg Multifamily Acquisition - Multifamily Acquisition Financial Model (MULA008) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067161810-XNHJQVFF3HHE99JTY2CC/1.png Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067172487-AQX2VV5X946DDDT5I9PO/10.png Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067172487-BQ8K4OMQQFGPWQHNQ32H/11.png Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067173237-C2UDP7DZ7QFG63VJVFBE/12.png Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067173536-RHE41U61F655MR17CD3S/13.png Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808107527-HWO8DKS2I6UJ0ILJMFJ7/Copy+of+View+Product+Button+%281%29.jpg Multifamily Acquisition - Multifamily Acquisition Financial Model (MULA013) (Copy) (Copy) Multifamily Acquisition Financial Model, Real Estate Financial Modeling, Excel Financial Models, Top Shelf Models, Waterfall Distribution, gross square footage https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808111412-6PSDWQ65H7EGLEQHT2R7/Copy+of+View+Product+Button+%281%29.jpg Multifamily Acquisition - Multifamily Acquisition Financial Model (MULA014) (Copy) (Copy) Multifamily Acquisition Financial Model, Real Estate Financial Modeling, Excel Financial Models, Top Shelf Models, Waterfall Distribution, gross square footage https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808114879-64TJEFCYOHCXLQ5G4OG9/Copy+of+View+Product+Button+%281%29.jpg Multifamily Acquisition - Multifamily Acquisition Financial Model (MULA015) (Copy) (Copy) (Copy) Multifamily Acquisition Financial Model, Real Estate Financial Modeling, Excel Financial Models, Top Shelf Models, Waterfall Distribution, gross square footage https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808118796-7A5OVA5GRUI8QGO35FO0/Copy+of+View+Product+Button+%281%29.jpg Multifamily Acquisition - Multifamily Acquisition Financial Model (MULA016) (Copy) (Copy) Multifamily Acquisition Financial Model, Real Estate Financial Modeling, Excel Financial Models, Top Shelf Models, Waterfall Distribution, gross square footage https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067195302-3H45SNK7LH7UJ10ARC0V/14.png Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067195299-26E3356CG74PEM22IUPB/15.png Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067195917-H39PVHJ2ZKLCVMTSSO8D/16.png Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067196039-XX9K2L7YTO36G56ZFES3/17.png Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808288551-8B53F0YDA0W0P7IYD3O9/Copy+of+View+Product+Button+%281%29.jpg Multifamily Acquisition - Multifamily Acquisition Model (MULA001) (Copy) (Copy) Multifamily Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808292308-WR86XHU3GFDEA9GDUE8U/Copy+of+View+Product+Button+%281%29.jpg Multifamily Acquisition - Multifamily Acquisition Model (MULA002) (Copy) (Copy) Multifamily Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808296383-DGS0P06I2HJ1HSHHCJ72/Copy+of+View+Product+Button+%281%29.jpg Multifamily Acquisition - Multifamily Acquisition Model (MULA003) (Copy) (Copy) Multifamily Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808300228-NJNCPG608KIOTS3YB6HE/Copy+of+View+Product+Button+%281%29.jpg Multifamily Acquisition - Multifamily Acquisition Model (MULA004) (Copy) (Copy) Multifamily Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://tsmfinancialmodels.com/new-landing-pages daily 0.75 2021-05-03 https://tsmfinancialmodels.com/office-acquisition-no-argus daily 0.75 2025-04-03 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/f10ab812-0914-430e-aef9-03f1102c674b/Office+Acquisition+%28NonARGUS%29.png Office Acquisition (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Office Acquisition (Non-ARGUS) - real estate financial modeling (Copy) (Copy) The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Office Acquisition (Non-ARGUS) - real estate financial modeling (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620058788299-MH3Z5HCZ1RRQN860ZCA4/Model+Outputs.jpg Office Acquisition (Non-ARGUS) - Model Outputs (Copy) used for investor relations reports/packages and includes sources/uses, capital stack, project costs, rent roll, hypothetical investor returns, etc. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620058788301-B2VKCI2842FJKOSYREFB/Assumptions.jpg Office Acquisition (Non-ARGUS) - Assumptions (Copy) general, acquisition, timing, debt and waterfall assumptions. Also includes summary statistics, rent roll, vacancy assumptions, capex assumptions and sensitivity table https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620060705381-CF7PELX6E38FTSV2J85Q/Website+Icons+-+Multifamily+Acquisition.jpg Office Acquisition (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620058788648-GB6W02VFHA1DGBT0SFO7/Unit+Mix.jpg Office Acquisition (Non-ARGUS) - Rent Roll (Copy) The Rent Roll tab is an input tab. This tab is an Excel file reflecting the in-place leases, along with a lease-up schedule. This has the same function as the ARGUS Rent Roll without actually having ARGUS integrated into the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Office Acquisition (Non-ARGUS) - Annual Cashflow (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Office Acquisition (Non-ARGUS) - Monthly Cashflow (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Office Acquisition (Non-ARGUS) - Waterfall Distributions (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296943371-35PYJGZ4N2SRIH213W73/Lease+Comps.jpg Office Acquisition (Non-ARGUS) - Multifamily Acquisition Model (Copy) (Copy) The Lease Comps tab is an output tab and illustrates basic knowledge of other properties in surrounding areas. This tab acts as a check to see if the rent rates of the project are in line with the surrounding area. If CoStar is not readily available, you can input lease comps into this tab. The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944803-7F60BNJL8767Z8J12DC7/Sale+Comps.jpg Office Acquisition (Non-ARGUS) - Multifamily Acquisition Sale Comps (Copy) (Copy) The Sale Comps tab is an output tab and like the lease comps tab, illustrates basic knowledge of other properties in surrounding areas. If CoStar is not readily available, you can input sale comps into this tab. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945169-LUC3IVEV9YTEZ02Y9LXR/Taxes.jpg Office Acquisition (Non-ARGUS) - Multifamily Acquisition Model (Copy) (Copy) The Tax tab is an input tab that calculates the amount of property tax yearly through the duration of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942274-NPZ8ZATI75PJLQECKXY4/Costar+Exports.jpg Office Acquisition (Non-ARGUS) - Loss to lease (Copy) (Copy) The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686599627099-U1HNUZFF23UUFOQONQU6/sofr.png Office Acquisition (Non-ARGUS) The SOFR tab is an input tab and can be updated by downloading the SOFR forward curve, one-month projection. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621010835099-M5MZCMURPE2RQN0MS1DD/TSA+Side+Banner.png Office Acquisition (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Office Acquisition (Non-ARGUS) - Financial Modeling (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Office Acquisition (Non-ARGUS) - Excel Financial Modeling (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Office Acquisition (Non-ARGUS) - Real Estate Financial Models (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Office Acquisition (Non-ARGUS) - Real Estate Financial Models (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Office Acquisition (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Office Acquisition (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726084086830-Z7YAVHJ1AP8SEOGUTDB7/1.png Office Acquisition (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726084103926-GWWSIZYW9O41318EA6TS/5.png Office Acquisition (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807130106-JJG8JT8XVOJVIUU6LQE6/Copy+of+View+Product+Button+%281%29.jpg Office Acquisition (Non-ARGUS) - TSM Office Acquisition Model (No ARGUS) (Copy) TSM Office Acquisition Model (No ARGUS), Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://tsmfinancialmodels.com/retail-acquisition-no-argus daily 0.75 2025-04-03 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621015091260-BOSGCTGR9JTAR6T39WZG/Retail+Aquisition+%28NonARGUS%29.png Retail Acquisition (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Retail Acquisition (Non-ARGUS) - real estate financial modeling (Copy) (Copy) (Copy) The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Retail Acquisition (Non-ARGUS) - real estate financial modeling (Copy) (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620058788299-MH3Z5HCZ1RRQN860ZCA4/Model+Outputs.jpg Retail Acquisition (Non-ARGUS) - Model Outputs (Copy) (Copy) used for investor relations reports/packages and includes sources/uses, capital stack, project costs, rent roll, hypothetical investor returns, etc. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620058788301-B2VKCI2842FJKOSYREFB/Assumptions.jpg Retail Acquisition (Non-ARGUS) - Assumptions (Copy) (Copy) general, acquisition, timing, debt and waterfall assumptions. Also includes summary statistics, rent roll, vacancy assumptions, capex assumptions and sensitivity table https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620060705381-CF7PELX6E38FTSV2J85Q/Website+Icons+-+Multifamily+Acquisition.jpg Retail Acquisition (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620058788648-GB6W02VFHA1DGBT0SFO7/Unit+Mix.jpg Retail Acquisition (Non-ARGUS) - Rent Roll (Copy) (Copy) The Rent Roll tab is an input tab. This tab is an Excel file reflecting the in-place leases, along with a lease-up schedule. This has the same function as the ARGUS Rent Roll without actually having ARGUS integrated into the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Retail Acquisition (Non-ARGUS) - Annual Cashflow (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Retail Acquisition (Non-ARGUS) - Monthly Cashflow (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Retail Acquisition (Non-ARGUS) - Waterfall Distributions (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296943371-35PYJGZ4N2SRIH213W73/Lease+Comps.jpg Retail Acquisition (Non-ARGUS) - Multifamily Acquisition Model (Copy) (Copy) (Copy) The Lease Comps tab is an output tab and illustrates basic knowledge of other properties in surrounding areas. This tab acts as a check to see if the rent rates of the project are in line with the surrounding area. If CoStar is not readily available, you can input lease comps into this tab. The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944803-7F60BNJL8767Z8J12DC7/Sale+Comps.jpg Retail Acquisition (Non-ARGUS) - Multifamily Acquisition Sale Comps (Copy) (Copy) (Copy) The Sale Comps tab is an output tab and like the lease comps tab, illustrates basic knowledge of other properties in surrounding areas. If CoStar is not readily available, you can input sale comps into this tab. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945169-LUC3IVEV9YTEZ02Y9LXR/Taxes.jpg Retail Acquisition (Non-ARGUS) - Multifamily Acquisition Model (Copy) (Copy) (Copy) The Tax tab is an input tab that calculates the amount of property tax yearly through the duration of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942274-NPZ8ZATI75PJLQECKXY4/Costar+Exports.jpg Retail Acquisition (Non-ARGUS) - Loss to lease (Copy) (Copy) (Copy) The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686599671332-W0VTIEQHY1EV2JKS9IRI/sofr.png Retail Acquisition (Non-ARGUS) The SOFR tab is an input tab and can be updated by downloading the SOFR forward curve, one-month projection. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png Retail Acquisition (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Retail Acquisition (Non-ARGUS) - Financial Modeling (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Retail Acquisition (Non-ARGUS) - Excel Financial Modeling (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Retail Acquisition (Non-ARGUS) - Real Estate Financial Models (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Retail Acquisition (Non-ARGUS) - Real Estate Financial Models (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Retail Acquisition (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Retail Acquisition (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726068299071-HQFA5XB997EMGHGZDO4D/1.png Retail Acquisition (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726068321561-GKBD0CUJWYFAWFKURKGK/5.png Retail Acquisition (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807130106-JJG8JT8XVOJVIUU6LQE6/Copy+of+View+Product+Button+%281%29.jpg Retail Acquisition (Non-ARGUS) - TSM Retail Acquisition Model (No ARGUS) (Copy) (Copy) TSM Retail Acquisition Model (No ARGUS), Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://tsmfinancialmodels.com/industrial-development-no-argus daily 0.75 2025-04-07 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621012347817-E88SMFC3JZO1JMOJ2OYD/Industrial+Development+%28NonARGUS%29.png Industrial Development (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Industrial Development (Non-ARGUS) - real estate financial modeling (Copy) (Copy) The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Industrial Development (Non-ARGUS) - real estate financial modeling (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620058788299-MH3Z5HCZ1RRQN860ZCA4/Model+Outputs.jpg Industrial Development (Non-ARGUS) - Model Outputs (Copy) used for investor relations reports/packages and includes sources/uses, capital stack, project costs, rent roll, hypothetical investor returns, etc. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620058788301-B2VKCI2842FJKOSYREFB/Assumptions.jpg Industrial Development (Non-ARGUS) - Assumptions (Copy) general, acquisition, timing, debt and waterfall assumptions. Also includes summary statistics, rent roll, vacancy assumptions, capex assumptions and sensitivity table https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620063987352-XGCDY9HW6LPP0G7SBS92/Copy+of+Website+Icons+-+Industrial+Development.jpg Industrial Development (Non-ARGUS) - Construction Budget with ability to control timing on each specific line item and select if the calculation is fixed, $/sf, or percentage (%) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620058788648-GB6W02VFHA1DGBT0SFO7/Unit+Mix.jpg Industrial Development (Non-ARGUS) - Rent Roll (Copy) The Rent Roll tab is an input tab. This tab is an Excel file reflecting the in-place leases, along with a lease-up schedule. This has the same function as the ARGUS Rent Roll without actually having ARGUS integrated into the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Industrial Development (Non-ARGUS) - Annual Cashflow (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Industrial Development (Non-ARGUS) - Monthly Cashflow (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Industrial Development (Non-ARGUS) - Waterfall Distributions (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296943371-35PYJGZ4N2SRIH213W73/Lease+Comps.jpg Industrial Development (Non-ARGUS) - Multifamily Acquisition Model (Copy) (Copy) The Lease Comps tab is an output tab and illustrates basic knowledge of other properties in surrounding areas. This tab acts as a check to see if the rent rates of the project are in line with the surrounding area. If CoStar is not readily available, you can input lease comps into this tab. The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944803-7F60BNJL8767Z8J12DC7/Sale+Comps.jpg Industrial Development (Non-ARGUS) - Multifamily Acquisition Sale Comps (Copy) (Copy) The Sale Comps tab is an output tab and like the lease comps tab, illustrates basic knowledge of other properties in surrounding areas. If CoStar is not readily available, you can input sale comps into this tab. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945169-LUC3IVEV9YTEZ02Y9LXR/Taxes.jpg Industrial Development (Non-ARGUS) - Multifamily Acquisition Model (Copy) (Copy) The Tax tab is an input tab that calculates the amount of property tax yearly through the duration of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942274-NPZ8ZATI75PJLQECKXY4/Costar+Exports.jpg Industrial Development (Non-ARGUS) - Loss to lease (Copy) (Copy) The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686599307753-QZEUHFPHOI8YCXUZQSZB/sofr.png Industrial Development (Non-ARGUS) The SOFR tab is an input tab and can be updated by downloading the SOFR forward curve, one-month projection. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621010835099-M5MZCMURPE2RQN0MS1DD/TSA+Side+Banner.png Industrial Development (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Industrial Development (Non-ARGUS) - Financial Modeling (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Industrial Development (Non-ARGUS) - Excel Financial Modeling (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Industrial Development (Non-ARGUS) - Real Estate Financial Models (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Industrial Development (Non-ARGUS) - Real Estate Financial Models (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Industrial Development (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Industrial Development (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085809681-H9IPOTO00TSOOYPZ72M4/1.png Industrial Development (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085813836-VTG9LA23XMK4I0NKEW72/5.png Industrial Development (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807130106-JJG8JT8XVOJVIUU6LQE6/Copy+of+View+Product+Button+%281%29.jpg Industrial Development (Non-ARGUS) - TSM Industrial Development Model (No ARGUS) TSM Industrial Development Model (No ARGUS), Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://tsmfinancialmodels.com/retail-development-no-argus daily 0.75 2025-04-03 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/5d681fb8-a027-4577-a28c-fcb9df5c8dc4/Retail+Development+%28NonARGUS%29.png Retail Development (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Retail Development (Non-ARGUS) - real estate financial modeling (Copy) (Copy) (Copy) (Copy) The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Retail Development (Non-ARGUS) - real estate financial modeling (Copy) (Copy) (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620058788299-MH3Z5HCZ1RRQN860ZCA4/Model+Outputs.jpg Retail Development (Non-ARGUS) - Model Outputs (Copy) (Copy) (Copy) used for investor relations reports/packages and includes sources/uses, capital stack, project costs, rent roll, hypothetical investor returns, etc. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620058788301-B2VKCI2842FJKOSYREFB/Assumptions.jpg Retail Development (Non-ARGUS) - Assumptions (Copy) (Copy) (Copy) general, acquisition, timing, debt and waterfall assumptions. Also includes summary statistics, rent roll, vacancy assumptions, capex assumptions and sensitivity table https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620063843834-2OWGEJ2B33RKKDVHEKD4/Copy+of+Website+Icons+-+Industrial+Development.jpg Retail Development (Non-ARGUS) - Construction Budget with ability to control timing on each specific line item and select if the calculation is fixed, $/sf, or percentage (%) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620060705381-CF7PELX6E38FTSV2J85Q/Website+Icons+-+Multifamily+Acquisition.jpg Retail Development (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620058788648-GB6W02VFHA1DGBT0SFO7/Unit+Mix.jpg Retail Development (Non-ARGUS) - Rent Roll (Copy) (Copy) (Copy) The Rent Roll tab is an input tab. This tab is an Excel file reflecting the in-place leases, along with a lease-up schedule. This has the same function as the ARGUS Rent Roll without actually having ARGUS integrated into the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Retail Development (Non-ARGUS) - Annual Cashflow (Copy) (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Retail Development (Non-ARGUS) - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Retail Development (Non-ARGUS) - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296943371-35PYJGZ4N2SRIH213W73/Lease+Comps.jpg Retail Development (Non-ARGUS) - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) The Lease Comps tab is an output tab and illustrates basic knowledge of other properties in surrounding areas. This tab acts as a check to see if the rent rates of the project are in line with the surrounding area. If CoStar is not readily available, you can input lease comps into this tab. The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944803-7F60BNJL8767Z8J12DC7/Sale+Comps.jpg Retail Development (Non-ARGUS) - Multifamily Acquisition Sale Comps (Copy) (Copy) (Copy) (Copy) The Sale Comps tab is an output tab and like the lease comps tab, illustrates basic knowledge of other properties in surrounding areas. If CoStar is not readily available, you can input sale comps into this tab. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945169-LUC3IVEV9YTEZ02Y9LXR/Taxes.jpg Retail Development (Non-ARGUS) - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) The Tax tab is an input tab that calculates the amount of property tax yearly through the duration of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942274-NPZ8ZATI75PJLQECKXY4/Costar+Exports.jpg Retail Development (Non-ARGUS) - Loss to lease (Copy) (Copy) (Copy) (Copy) The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686599715117-4N7K6J2D4US85H7K6TG9/sofr.png Retail Development (Non-ARGUS) The SOFR tab is an input tab and can be updated by downloading the SOFR forward curve, one-month projection. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png Retail Development (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Retail Development (Non-ARGUS) - Financial Modeling (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Retail Development (Non-ARGUS) - Excel Financial Modeling (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Retail Development (Non-ARGUS) - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Retail Development (Non-ARGUS) - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Retail Development (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Retail Development (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726068364011-KKSMZLJNSD6ATVJR1PC3/1.png Retail Development (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726068367378-VFCZ6STC8IJUGEWF9R8M/5.png Retail Development (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807130106-JJG8JT8XVOJVIUU6LQE6/Copy+of+View+Product+Button+%281%29.jpg Retail Development (Non-ARGUS) - TSM Retail Development Model (No ARGUS) (Copy) (Copy) (Copy) TSM Retail Development Model (No ARGUS), Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://tsmfinancialmodels.com/office-development-no-argus daily 0.75 2025-04-03 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ed5ef6d5-5e2a-43db-9295-447d5755b5d1/Office+Development+%28NonARGUS%29.png Office Development (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Office Development (Non-ARGUS) - real estate financial modeling (Copy) (Copy) (Copy) The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Office Development (Non-ARGUS) - real estate financial modeling (Copy) (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620058788299-MH3Z5HCZ1RRQN860ZCA4/Model+Outputs.jpg Office Development (Non-ARGUS) - Model Outputs (Copy) (Copy) used for investor relations reports/packages and includes sources/uses, capital stack, project costs, rent roll, hypothetical investor returns, etc. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620058788301-B2VKCI2842FJKOSYREFB/Assumptions.jpg Office Development (Non-ARGUS) - Assumptions (Copy) (Copy) general, acquisition, timing, debt and waterfall assumptions. Also includes summary statistics, rent roll, vacancy assumptions, capex assumptions and sensitivity table https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620063931354-C0KWZWL5III3MZESULGE/Copy+of+Website+Icons+-+Industrial+Development.jpg Office Development (Non-ARGUS) - Construction Budget with ability to control timing on each specific line item and select if the calculation is fixed, $/sf, or percentage (%) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620060705381-CF7PELX6E38FTSV2J85Q/Website+Icons+-+Multifamily+Acquisition.jpg Office Development (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620058788648-GB6W02VFHA1DGBT0SFO7/Unit+Mix.jpg Office Development (Non-ARGUS) - Rent Roll (Copy) (Copy) The Rent Roll tab is an input tab. This tab is an Excel file reflecting the in-place leases, along with a lease-up schedule. This has the same function as the ARGUS Rent Roll without actually having ARGUS integrated into the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Office Development (Non-ARGUS) - Annual Cashflow (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Office Development (Non-ARGUS) - Monthly Cashflow (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Office Development (Non-ARGUS) - Waterfall Distributions (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296943371-35PYJGZ4N2SRIH213W73/Lease+Comps.jpg Office Development (Non-ARGUS) - Multifamily Acquisition Model (Copy) (Copy) (Copy) The Lease Comps tab is an output tab and illustrates basic knowledge of other properties in surrounding areas. This tab acts as a check to see if the rent rates of the project are in line with the surrounding area. If CoStar is not readily available, you can input lease comps into this tab. The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944803-7F60BNJL8767Z8J12DC7/Sale+Comps.jpg Office Development (Non-ARGUS) - Multifamily Acquisition Sale Comps (Copy) (Copy) (Copy) The Sale Comps tab is an output tab and like the lease comps tab, illustrates basic knowledge of other properties in surrounding areas. If CoStar is not readily available, you can input sale comps into this tab. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945169-LUC3IVEV9YTEZ02Y9LXR/Taxes.jpg Office Development (Non-ARGUS) - Multifamily Acquisition Model (Copy) (Copy) (Copy) The Tax tab is an input tab that calculates the amount of property tax yearly through the duration of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942274-NPZ8ZATI75PJLQECKXY4/Costar+Exports.jpg Office Development (Non-ARGUS) - Loss to lease (Copy) (Copy) (Copy) The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686599588693-3HUBNEFREHP0FQR3EW9G/sofr.png Office Development (Non-ARGUS) The SOFR tab is an input tab and can be updated by downloading the SOFR forward curve, one-month projection. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png Office Development (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Office Development (Non-ARGUS) - Financial Modeling (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Office Development (Non-ARGUS) - Excel Financial Modeling (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Office Development (Non-ARGUS) - Real Estate Financial Models (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Office Development (Non-ARGUS) - Real Estate Financial Models (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Office Development (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Office Development (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726082319699-AFZPS4COVLN0T1U0MCEZ/1.png Office Development (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726082324294-5Z45G47H6PAX8QAEYRK0/5.png Office Development (Non-ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807130106-JJG8JT8XVOJVIUU6LQE6/Copy+of+View+Product+Button+%281%29.jpg Office Development (Non-ARGUS) - TSM Office Development Model (No ARGUS) (Copy) (Copy) TSM Office Development Model (No ARGUS), Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://tsmfinancialmodels.com/retail-acquisition-model daily 0.75 2025-04-03 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621025617626-PP2GTRNL68XFNHZAUDBI/Retail+Acquisition+Models+%28ARGUS%29 Retail Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Retail Acquisition (ARGUS) - real estate financial modeling (Copy) (Copy) (Copy) (Copy) The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Retail Acquisition (ARGUS) - real estate financial modeling (Copy) (Copy) (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620069677799-C7F1A4OGT7UQV8YPVI2L/Model+Outputs.jpg Retail Acquisition (ARGUS) - Model Outputs used for investor relations reports/packages and includes sources/uses, capital stack, project costs, rent roll, hypothetical investor returns, etc. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620069676604-AONQ5A1RCOX68K381JYN/Assumptions.jpg Retail Acquisition (ARGUS) - Assumptions general, acquisition, timing, debt and waterfall assumptions. Also includes summary statistics, rent roll, vacancy assumptions, capex assumptions and sensitivity table https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299531249-L2HHHG0GKMP7XWZGCLYX/Renovation+Budget.jpg Retail Acquisition (ARGUS) - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) The Renovation Budget tab is an input tab where the interior and exterior costs of a renovation budget can be entered. Timing and duration of the costs can also be entered on this tab. Each specific line item on the renovation budget can be a fixed dollar amount, amount per unit, amount per square foot, or a percentage. This tab in our multifamily acquisition model is used to size debt and equity needs for the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620069677217-S6W1ASMHQDGGS1HLFONJ/Building+Info.jpg Retail Acquisition (ARGUS) - Building Info consolidates ARGUS rent roll exports into a pre-formatted presentation rent roll with the ability to consolidate up to 15 individual properties into a portfolio view https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Retail Acquisition (ARGUS) - Annual Cashflow (Copy) (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Retail Acquisition (ARGUS) - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Retail Acquisition (ARGUS) - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296943371-35PYJGZ4N2SRIH213W73/Lease+Comps.jpg Retail Acquisition (ARGUS) - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) The Lease Comps tab is an output tab and illustrates basic knowledge of other properties in surrounding areas. This tab acts as a check to see if the rent rates of the project are in line with the surrounding area. If CoStar is not readily available, you can input lease comps into this tab. The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944803-7F60BNJL8767Z8J12DC7/Sale+Comps.jpg Retail Acquisition (ARGUS) - Multifamily Acquisition Sale Comps (Copy) (Copy) (Copy) (Copy) The Sale Comps tab is an output tab and like the lease comps tab, illustrates basic knowledge of other properties in surrounding areas. If CoStar is not readily available, you can input sale comps into this tab. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945169-LUC3IVEV9YTEZ02Y9LXR/Taxes.jpg Retail Acquisition (ARGUS) - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) The Tax tab is an input tab that calculates the amount of property tax yearly through the duration of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942274-NPZ8ZATI75PJLQECKXY4/Costar+Exports.jpg Retail Acquisition (ARGUS) - Loss to lease (Copy) (Copy) (Copy) (Copy) The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620069676561-74LUG8QLCQSGT6HZD1DO/ARGUS.jpg Retail Acquisition (ARGUS) - ARGUS Exports various reports/schedules exported out of ARGUS and into this Excel financial model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686599828911-8BR0X9C0846VR92ANX60/sofr.png Retail Acquisition (ARGUS) The SOFR tab is an input tab and can be updated by downloading the SOFR forward curve, one-month projection. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png Retail Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Retail Acquisition (ARGUS) - Financial Modeling (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Retail Acquisition (ARGUS) - Excel Financial Modeling (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Retail Acquisition (ARGUS) - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Retail Acquisition (ARGUS) - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Retail Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Retail Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067813470-FVJ8HCR5HIAD88Q1ITY9/1.png Retail Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067813435-44EK4IPWSNA4OKT0P66C/2.png Retail Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067814279-OLY2PIZIU9BBDN4E4MTT/3.png Retail Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067814469-8QQ6QK6V1LSKO6Q533CY/4.png Retail Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067815093-PN1JDVJZJMV4EGTEPID9/5.png Retail Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807130106-JJG8JT8XVOJVIUU6LQE6/Copy+of+View+Product+Button+%281%29.jpg Retail Acquisition (ARGUS) - Retail Acquisition Model with ARGUS Retail Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807135787-UR3XPE6BCOQV6ESUOHFA/Copy+of+View+Product+Button+%281%29.jpg Retail Acquisition (ARGUS) - Retail Acquisition Model with ARGUS Retail Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807139638-VUXTBES33JMJIU1K8XMK/Copy+of+View+Product+Button+%281%29.jpg Retail Acquisition (ARGUS) - Retail Acquisition Model with ARGUS Retail Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807143447-IZAH882II4FEAX25M7QW/Copy+of+View+Product+Button+%281%29.jpg Retail Acquisition (ARGUS) - Retail Acquisition Model with ARGUS Retail Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067844817-VEFGOUN0VFSQKIJ6BR1I/6.png Retail Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067844808-HLCKDUY5TM2D3J85FQRL/7.png Retail Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067845567-I8VD67VZE01W14XFX0MY/8.png Retail Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067845585-PYV3L5GXOJYZZ1D63HJ9/9.png Retail Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807888271-P26FO4W991S4GQZODSDR/Copy+of+View+Product+Button+%281%29.jpg Retail Acquisition (ARGUS) - Retail Acquisition Model with ARGUS Retail Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807892592-92QTOORIJT9BS9DQYO1U/Copy+of+View+Product+Button+%281%29.jpg Retail Acquisition (ARGUS) - Retail Acquisition Model with ARGUS Retail Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807896666-KP1YOIGE3GKCUYAXU95R/Copy+of+View+Product+Button+%281%29.jpg Retail Acquisition (ARGUS) - Retail Acquisition Model with ARGUS Retail Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807900950-G9CXB1JNW7LDCCLC8JFL/Copy+of+View+Product+Button+%281%29.jpg Retail Acquisition (ARGUS) - Retail Acquisition Model with ARGUS Retail Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067951017-A0WK6AFX36UFD4KFD2YT/1.png Retail Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067894224-NHVMNCF5J8VVU162DDTE/10.png Retail Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067894103-9XAQG34UJ45DCUJ4IGCD/11.png Retail Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067894820-UC1XRHEZ7HAUDCZI6JLW/12.png Retail Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067895082-EB13IOB20D7GHTJ7IA84/13.png Retail Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808107527-HWO8DKS2I6UJ0ILJMFJ7/Copy+of+View+Product+Button+%281%29.jpg Retail Acquisition (ARGUS) - Retail Acquisition Model with ARGUS Retail Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808111412-6PSDWQ65H7EGLEQHT2R7/Copy+of+View+Product+Button+%281%29.jpg Retail Acquisition (ARGUS) - Retail Acquisition Model with ARGUS Retail Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808114879-64TJEFCYOHCXLQ5G4OG9/Copy+of+View+Product+Button+%281%29.jpg Retail Acquisition (ARGUS) - Retail Acquisition Model with ARGUS Retail Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808118796-7A5OVA5GRUI8QGO35FO0/Copy+of+View+Product+Button+%281%29.jpg Retail Acquisition (ARGUS) - Retail Acquisition Model with ARGUS Retail Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067910737-A0UZ7BO1DHOCR1AVSQB9/14.png Retail Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067910734-PIJKAVC9KV87JT4YDV0E/15.png Retail Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067911446-2ZK1QTVUVYK3R4QQ3IPO/16.png Retail Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067911489-HYTG1X9MZUHBF6C7L23Y/17.png Retail Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808288551-8B53F0YDA0W0P7IYD3O9/Copy+of+View+Product+Button+%281%29.jpg Retail Acquisition (ARGUS) - Retail Acquisition Model with ARGUS Retail Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808292308-WR86XHU3GFDEA9GDUE8U/Copy+of+View+Product+Button+%281%29.jpg Retail Acquisition (ARGUS) - Retail Acquisition Model with ARGUS Retail Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808296383-DGS0P06I2HJ1HSHHCJ72/Copy+of+View+Product+Button+%281%29.jpg Retail Acquisition (ARGUS) - Retail Acquisition Model with ARGUS Retail Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808300228-NJNCPG608KIOTS3YB6HE/Copy+of+View+Product+Button+%281%29.jpg Retail Acquisition (ARGUS) - Retail Acquisition Model with ARGUS Retail Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://tsmfinancialmodels.com/hotel-development-model daily 0.75 2025-04-04 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/6a8402b6-6a16-4684-8aa8-fc965837ea68/Hotel+Development.png Hotel Development Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Hotel Development Model - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Hotel Development Model - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620075295006-7Q234OJL5D0ATEWWUR1I/Model+Outputs.jpg Hotel Development Model - Model Outputs used for investor relations reports/packages and includes sources/uses, capital stack, hypothetical investor returns, equity walk, etc. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620075294603-IPXICETELZG7HKH1LYGT/Assumptions.jpg Hotel Development Model - Assumptions general assumptions, hotel specs, room breakdown, operating assumptions, timing assumptions, annual inflation control, annual expense margin control, disruption capabilities, exit assumptions, construction debt, permanent debt, and waterfall assumptions. Also includes sensitivity table https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620075295487-MJHPRLGLK8TM07T6M8IL/Unit+Mix.jpg Hotel Development Model - Hotel Ops industry standard hotel operations breakout to calculate NOI and EBITDA https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620073861945-P8CG856MMAJAZ93HOMNS/Industrial+Dev+w+ARGUS+Website+Icons.jpg Hotel Development Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Hotel Development Model - Annual Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Hotel Development Model - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Hotel Development Model - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620075294621-10KCLQDVDIWLR6RZJKB9/Lease+Comps.jpg Hotel Development Model - Hotel Comps ability to project future business plan based on penetration analysis of competitive hotel set for Occupancy, ADR, and RevPAR https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620075295422-3334VGW3ZTY5KQOCI7V5/Sale+Comps.jpg Hotel Development Model - STR - Hotel & Data STR - Data - insert data from STR Trend report to analyze subject property to the competitive set STR - Hotel - Response Report from STR Trend report https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942274-NPZ8ZATI75PJLQECKXY4/Costar+Exports.jpg Hotel Development Model - Loss to lease (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686599875187-9HLVOBCIVGRRO72EX2D5/sofr.png Hotel Development Model The SOFR tab is an input tab and can be updated by downloading the SOFR forward curve, one-month projection. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png Hotel Development Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Hotel Development Model - Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Hotel Development Model - Excel Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Hotel Development Model - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Hotel Development Model - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Hotel Development Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Hotel Development Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726084875015-RA5EOQEFOO3ODH7FF5RQ/1.png Hotel Development Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726084875015-WSCMKH57J8PEQHXFLACB/2.png Hotel Development Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726084875662-MF6BVB4M0MXQV2FL8BN4/3.png Hotel Development Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726084875706-PV6HISMUWQJEQ94VQALL/4.png Hotel Development Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726084876478-3ZKSQ61W4IQDAEYXS66K/5.png Hotel Development Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807130106-JJG8JT8XVOJVIUU6LQE6/Copy+of+View+Product+Button+%281%29.jpg Hotel Development Model - Hotel Development Model Hotel Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807135787-UR3XPE6BCOQV6ESUOHFA/Copy+of+View+Product+Button+%281%29.jpg Hotel Development Model - Hotel Acquisition Model with ARGUS (Copy) (Copy) (Copy) Hotel Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807139638-VUXTBES33JMJIU1K8XMK/Copy+of+View+Product+Button+%281%29.jpg Hotel Development Model - Hotel Acquisition Model with ARGUS (Copy) (Copy) (Copy) Hotel Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807143447-IZAH882II4FEAX25M7QW/Copy+of+View+Product+Button+%281%29.jpg Hotel Development Model - Hotel Acquisition Model with ARGUS (Copy) (Copy) (Copy) Hotel Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726084897037-BGKW68H2W3WR5DH8NUMB/6.png Hotel Development Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726084896925-HTRB8MBBL84BDLTANUNH/7.png Hotel Development Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726084897672-JL1U1D2QQXAPOH4MMJ7S/8.png Hotel Development Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726084897961-QROE9VUJ7VJJ82DTSWTE/9.png Hotel Development Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807888271-P26FO4W991S4GQZODSDR/Copy+of+View+Product+Button+%281%29.jpg Hotel Development Model - Hotel Acquisition Model with ARGUS (Copy) (Copy) (Copy) Hotel Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807892592-92QTOORIJT9BS9DQYO1U/Copy+of+View+Product+Button+%281%29.jpg Hotel Development Model - Hotel Acquisition Model with ARGUS (Copy) (Copy) (Copy) Hotel Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807896666-KP1YOIGE3GKCUYAXU95R/Copy+of+View+Product+Button+%281%29.jpg Hotel Development Model - Hotel Acquisition Model with ARGUS (Copy) (Copy) (Copy) Hotel Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807900950-G9CXB1JNW7LDCCLC8JFL/Copy+of+View+Product+Button+%281%29.jpg Hotel Development Model - Hotel Acquisition Model with ARGUS (Copy) (Copy) (Copy) Hotel Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726084917141-FKL43MBNTCB03W9E6RAW/1.png Hotel Development Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726084922801-92XZJCV8QKHJDOICIJYG/10.png Hotel Development Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726084922805-1UW2E5VVPEJHGGRZH81E/11.png Hotel Development Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726084923502-WAJKHR0FIZQ23QL30HTO/12.png Hotel Development Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726084923530-LWSYZNGD46UZGW0S5V5A/13.png Hotel Development Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808107527-HWO8DKS2I6UJ0ILJMFJ7/Copy+of+View+Product+Button+%281%29.jpg Hotel Development Model - Hotel Acquisition Model with ARGUS (Copy) (Copy) (Copy) Hotel Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808111412-6PSDWQ65H7EGLEQHT2R7/Copy+of+View+Product+Button+%281%29.jpg Hotel Development Model - Hotel Acquisition Model with ARGUS (Copy) (Copy) (Copy) Hotel Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808114879-64TJEFCYOHCXLQ5G4OG9/Copy+of+View+Product+Button+%281%29.jpg Hotel Development Model - Hotel Acquisition Model with ARGUS (Copy) (Copy) (Copy) Hotel Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808118796-7A5OVA5GRUI8QGO35FO0/Copy+of+View+Product+Button+%281%29.jpg Hotel Development Model - Hotel Acquisition Model with ARGUS (Copy) (Copy) (Copy) Hotel Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726084939129-KVRYB1G7YKY10ZM5R26G/14.png Hotel Development Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726084939285-E0ZYL6B1RRKP90TVIXJL/15.png Hotel Development Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726084940158-04RHCQ3S4Z7PCRMA8VJO/16.png Hotel Development Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726084940174-LJVY6VI2GLU736SQ0MIM/17.png Hotel Development Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808288551-8B53F0YDA0W0P7IYD3O9/Copy+of+View+Product+Button+%281%29.jpg Hotel Development Model - Hotel Acquisition Model with ARGUS (Copy) (Copy) (Copy) Hotel Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808292308-WR86XHU3GFDEA9GDUE8U/Copy+of+View+Product+Button+%281%29.jpg Hotel Development Model - Hotel Acquisition Model with ARGUS (Copy) (Copy) (Copy) Hotel Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808296383-DGS0P06I2HJ1HSHHCJ72/Copy+of+View+Product+Button+%281%29.jpg Hotel Development Model - Hotel Acquisition Model with ARGUS (Copy) (Copy) (Copy) Hotel Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808300228-NJNCPG608KIOTS3YB6HE/Copy+of+View+Product+Button+%281%29.jpg Hotel Development Model - Hotel Acquisition Model with ARGUS (Copy) (Copy) (Copy) Hotel Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://tsmfinancialmodels.com/hotel-acquisition-model daily 0.75 2025-04-04 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621031373387-6NF8W19KZW0VAHPALHPU/Hotel+Acquisition.png Hotel Acquisition Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Hotel Acquisition Model - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Hotel Acquisition Model - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620075295006-7Q234OJL5D0ATEWWUR1I/Model+Outputs.jpg Hotel Acquisition Model - Model Outputs (Copy) used for investor relations reports/packages and includes sources/uses, capital stack, hypothetical investor returns, equity walk, etc. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620075294603-IPXICETELZG7HKH1LYGT/Assumptions.jpg Hotel Acquisition Model - Assumptions (Copy) general assumptions, hotel specs, room breakdown, operating assumptions, timing assumptions, annual inflation control, annual expense margin control, disruption capabilities, exit assumptions, construction debt, permanent debt, and waterfall assumptions. Also includes sensitivity table https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620075295487-MJHPRLGLK8TM07T6M8IL/Unit+Mix.jpg Hotel Acquisition Model - Hotel Ops (Copy) industry standard hotel operations breakout to calculate NOI and EBITDA https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620073861945-P8CG856MMAJAZ93HOMNS/Industrial+Dev+w+ARGUS+Website+Icons.jpg Hotel Acquisition Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Hotel Acquisition Model - Annual Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Hotel Acquisition Model - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Hotel Acquisition Model - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620075294621-10KCLQDVDIWLR6RZJKB9/Lease+Comps.jpg Hotel Acquisition Model - Hotel Comps (Copy) ability to project future business plan based on penetration analysis of competitive hotel set for Occupancy, ADR, and RevPAR https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620075295422-3334VGW3ZTY5KQOCI7V5/Sale+Comps.jpg Hotel Acquisition Model - STR - Hotel & Data (Copy) STR - Data - insert data from STR Trend report to analyze subject property to the competitive set STR - Hotel - Response Report from STR Trend report https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942274-NPZ8ZATI75PJLQECKXY4/Costar+Exports.jpg Hotel Acquisition Model - Loss to lease (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686599941141-05J1P8J7V5P5FT8UVU0H/sofr.png Hotel Acquisition Model The SOFR tab is an input tab and can be updated by downloading the SOFR forward curve, one-month projection. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png Hotel Acquisition Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Hotel Acquisition Model - Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Hotel Acquisition Model - Excel Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Hotel Acquisition Model - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Hotel Acquisition Model - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Hotel Acquisition Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Hotel Acquisition Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726084978988-DWJJQCA5VOQDS9X6QQ9I/1.png Hotel Acquisition Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726084978977-X4Q9OTY8TQIOWC9ZTV18/2.png Hotel Acquisition Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726084979815-8GQT095WNL9RJSSZSSDK/3.png Hotel Acquisition Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726084979822-D7YPVG1P0JH8GHFCRKLB/4.png Hotel Acquisition Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726084980537-PVWGT8A3GXUQQ6875XAF/5.png Hotel Acquisition Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807130106-JJG8JT8XVOJVIUU6LQE6/Copy+of+View+Product+Button+%281%29.jpg Hotel Acquisition Model - Hotel Acquisition Model with ARGUS (Copy) (Copy) (Copy) (Copy) Hotel Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807135787-UR3XPE6BCOQV6ESUOHFA/Copy+of+View+Product+Button+%281%29.jpg Hotel Acquisition Model - Hotel Acquisition Model with ARGUS Hotel Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807139638-VUXTBES33JMJIU1K8XMK/Copy+of+View+Product+Button+%281%29.jpg Hotel Acquisition Model - Hotel Acquisition Model with ARGUS Hotel Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807143447-IZAH882II4FEAX25M7QW/Copy+of+View+Product+Button+%281%29.jpg Hotel Acquisition Model - Hotel Acquisition Model with ARGUS (Copy) (Copy) (Copy) (Copy) Hotel Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085050992-S3NOGASHKVN7QB1T07G7/6.png Hotel Acquisition Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085051065-HBHSIGF4VDXU1THKW8A6/7.png Hotel Acquisition Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085051662-66DLLFX6D1BZFEWY0CXY/8.png Hotel Acquisition Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085051687-HIZATZ9LYQKTE7FSFNL5/9.png Hotel Acquisition Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807888271-P26FO4W991S4GQZODSDR/Copy+of+View+Product+Button+%281%29.jpg Hotel Acquisition Model - Hotel Acquisition Model with ARGUS (Copy) (Copy) (Copy) (Copy) Hotel Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807892592-92QTOORIJT9BS9DQYO1U/Copy+of+View+Product+Button+%281%29.jpg Hotel Acquisition Model - 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Hotel Acquisition Model with ARGUS Hotel Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808111412-6PSDWQ65H7EGLEQHT2R7/Copy+of+View+Product+Button+%281%29.jpg Hotel Acquisition Model - Hotel Acquisition Model with ARGUS (Copy) (Copy) (Copy) (Copy) Hotel Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808114879-64TJEFCYOHCXLQ5G4OG9/Copy+of+View+Product+Button+%281%29.jpg Hotel Acquisition Model - Hotel Acquisition Model with ARGUS (Copy) (Copy) (Copy) (Copy) Hotel Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808118796-7A5OVA5GRUI8QGO35FO0/Copy+of+View+Product+Button+%281%29.jpg Hotel Acquisition Model - Hotel Acquisition Model with ARGUS (Copy) (Copy) (Copy) (Copy) Hotel Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085113842-JVV84TLPXYTTD3IKZJUJ/14.png Hotel Acquisition Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085113839-4ECRV8FQ7UBMPFX1S0GY/15.png Hotel Acquisition Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085114527-PZQDG430IOKK1AK2XDCC/16.png Hotel Acquisition Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085114667-D56PL57649NXBK144EY3/17.png Hotel Acquisition Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808288551-8B53F0YDA0W0P7IYD3O9/Copy+of+View+Product+Button+%281%29.jpg Hotel Acquisition Model - Hotel Acquisition Model Hotel Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808292308-WR86XHU3GFDEA9GDUE8U/Copy+of+View+Product+Button+%281%29.jpg Hotel Acquisition Model - Hotel Acquisition Model Hotel Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808296383-DGS0P06I2HJ1HSHHCJ72/Copy+of+View+Product+Button+%281%29.jpg Hotel Acquisition Model - Hotel Acquisition Model Hotel Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808300228-NJNCPG608KIOTS3YB6HE/Copy+of+View+Product+Button+%281%29.jpg Hotel Acquisition Model - Hotel Acquisition Model Hotel Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://tsmfinancialmodels.com/retail-development-model daily 0.75 2025-04-03 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/25a0cb06-9fb5-46eb-bd0b-2e38b8d159e6/Retail+Development.png Retail Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Retail Development (ARGUS) - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Retail Development (ARGUS) - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620144771869-CIWAIQH7NII456H7M7V7/Model+Outputs.jpg Retail Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620144771389-DODOH6T0NIKLBQW65FJN/Assumptions.jpg Retail Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299531249-L2HHHG0GKMP7XWZGCLYX/Renovation+Budget.jpg Retail Development (ARGUS) - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) (Copy) The Renovation Budget tab is an input tab where the interior and exterior costs of a renovation budget can be entered. Timing and duration of the costs can also be entered on this tab. Each specific line item on the renovation budget can be a fixed dollar amount, amount per unit, amount per square foot, or a percentage. This tab in our multifamily acquisition model is used to size debt and equity needs for the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620069677217-S6W1ASMHQDGGS1HLFONJ/Building+Info.jpg Retail Development (ARGUS) - Building Info (Copy) consolidates ARGUS rent roll exports into a pre-formatted presentation rent roll with the ability to consolidate up to 15 individual properties into a portfolio view https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Retail Development (ARGUS) - Annual Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Retail Development (ARGUS) - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Retail Development (ARGUS) - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296943371-35PYJGZ4N2SRIH213W73/Lease+Comps.jpg Retail Development (ARGUS) - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) (Copy) The Lease Comps tab is an output tab and illustrates basic knowledge of other properties in surrounding areas. This tab acts as a check to see if the rent rates of the project are in line with the surrounding area. If CoStar is not readily available, you can input lease comps into this tab. The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944803-7F60BNJL8767Z8J12DC7/Sale+Comps.jpg Retail Development (ARGUS) - Multifamily Acquisition Sale Comps (Copy) (Copy) (Copy) (Copy) (Copy) The Sale Comps tab is an output tab and like the lease comps tab, illustrates basic knowledge of other properties in surrounding areas. If CoStar is not readily available, you can input sale comps into this tab. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945169-LUC3IVEV9YTEZ02Y9LXR/Taxes.jpg Retail Development (ARGUS) - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) (Copy) The Tax tab is an input tab that calculates the amount of property tax yearly through the duration of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942274-NPZ8ZATI75PJLQECKXY4/Costar+Exports.jpg Retail Development (ARGUS) - Loss to lease (Copy) (Copy) (Copy) (Copy) (Copy) The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620069676561-74LUG8QLCQSGT6HZD1DO/ARGUS.jpg Retail Development (ARGUS) - ARGUS Exports (Copy) various reports/schedules exported out of ARGUS and into this Excel financial model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686599749186-QLB1G8P74VOPSF9Q369V/sofr.png Retail Development (ARGUS) The SOFR tab is an input tab and can be updated by downloading the SOFR forward curve, one-month projection. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png Retail Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Retail Development (ARGUS) - Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Retail Development (ARGUS) - Excel Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Retail Development (ARGUS) - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Retail Development (ARGUS) - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Retail Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Retail Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067615922-FSOJNEMT75OTVLI30D7D/1.png Retail Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067615884-6J8BFXES47577IGH8R9O/2.png Retail Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067616696-XMJOAR6TL10VSKHZLXKG/3.png Retail Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067616884-OC7PO29M8GMFB5PPBKHX/4.png Retail Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067617525-04WDDZ4SHS5ELN5ZWERT/5.png Retail Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807130106-JJG8JT8XVOJVIUU6LQE6/Copy+of+View+Product+Button+%281%29.jpg Retail Development (ARGUS) - Retail Development Model with ARGUS Retail Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807135787-UR3XPE6BCOQV6ESUOHFA/Copy+of+View+Product+Button+%281%29.jpg Retail Development (ARGUS) - Retail Development Model with ARGUS Retail Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807139638-VUXTBES33JMJIU1K8XMK/Copy+of+View+Product+Button+%281%29.jpg Retail Development (ARGUS) - Retail Acquisition Model with ARGUS (Copy) Retail Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807143447-IZAH882II4FEAX25M7QW/Copy+of+View+Product+Button+%281%29.jpg Retail Development (ARGUS) - Retail Development Model with ARGUS Retail Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067657996-SNQ5RHOQWJHHWYNRNU4C/6.png Retail Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067657990-H7650HIGOTD4B0HSKS8H/7.png Retail Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067658772-4CWLEC70B6S7PLCOWNOT/8.png Retail Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067658789-QS8HCXNFTKIJGBVHPVT1/9.png Retail Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807888271-P26FO4W991S4GQZODSDR/Copy+of+View+Product+Button+%281%29.jpg Retail Development (ARGUS) - Retail Development Model with ARGUS Retail Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807892592-92QTOORIJT9BS9DQYO1U/Copy+of+View+Product+Button+%281%29.jpg Retail Development (ARGUS) - Retail Development Model with ARGUS Retail Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807896666-KP1YOIGE3GKCUYAXU95R/Copy+of+View+Product+Button+%281%29.jpg Retail Development (ARGUS) - Retail Development Model with ARGUS Retail Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807900950-G9CXB1JNW7LDCCLC8JFL/Copy+of+View+Product+Button+%281%29.jpg Retail Development (ARGUS) - Retail Development Model with ARGUS Retail Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067684196-OKFYOBM9RDQOVMOHN3DH/1.png Retail Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067694036-VSQ5JZYJNHCPA0CGESMC/10.png Retail Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067694029-JS1XP1AXGHEMN4CJI3D9/11.png Retail Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067694788-F3K6SIXU036CARFPRDAH/12.png Retail Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067694892-UVLSJCITT7PHYUZC6H2C/13.png Retail Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808107527-HWO8DKS2I6UJ0ILJMFJ7/Copy+of+View+Product+Button+%281%29.jpg Retail Development (ARGUS) - Retail Development Model with ARGUS Retail Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808111412-6PSDWQ65H7EGLEQHT2R7/Copy+of+View+Product+Button+%281%29.jpg Retail Development (ARGUS) - Retail Development Model with ARGUS Retail Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808114879-64TJEFCYOHCXLQ5G4OG9/Copy+of+View+Product+Button+%281%29.jpg Retail Development (ARGUS) - Retail Development Model with ARGUS Retail Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808118796-7A5OVA5GRUI8QGO35FO0/Copy+of+View+Product+Button+%281%29.jpg Retail Development (ARGUS) - Retail Development Model with ARGUS Retail Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067712929-6B1J0FY5L8AVX80NAHPF/14.png Retail Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067712933-BOIDHQSA1RC0DCJPNHHV/15.png Retail Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067713633-ZZT5APLW2P9A9P4LS2D6/16.png Retail Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726067713647-MXS351PP5A8SPJUVY1LD/17.png Retail Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808288551-8B53F0YDA0W0P7IYD3O9/Copy+of+View+Product+Button+%281%29.jpg Retail Development (ARGUS) - Retail Development Model with ARGUS Retail Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808292308-WR86XHU3GFDEA9GDUE8U/Copy+of+View+Product+Button+%281%29.jpg Retail Development (ARGUS) - Retail Development Model with ARGUS Retail Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808296383-DGS0P06I2HJ1HSHHCJ72/Copy+of+View+Product+Button+%281%29.jpg Retail Development (ARGUS) - Retail Development Model with ARGUS Retail Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808300228-NJNCPG608KIOTS3YB6HE/Copy+of+View+Product+Button+%281%29.jpg Retail Development (ARGUS) - Retail Development Model with ARGUS Retail Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://tsmfinancialmodels.com/mixed-use-bote daily 0.75 2025-04-04 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621524784542-6K6TK73W5O8944ETYWTI/Mixed+Use+Model Mixed Use https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620154226046-8OVBJDZDLIE1BFP5T62C/Error+Check.jpg Mixed Use - Error check allows for quick insight into the accuracy of the financial model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620154226099-MXBHKX5VUA65OACLJTE0/Assumptions.jpg Mixed Use - Assumptions property details, timing assumptions, exit, operating, annual inflation control, construction debt, permanent debt, and waterfall assumptions. Also includes sensitivity table https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620154226880-6CV7F2D1C2FF2KQASRU7/Model+Outputs.jpg Mixed Use - Model Outputs used for investor relations reports/packages and includes sources/uses, capital stack, hypothetical investor returns, etc. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620154227099-FDRUD88PM2Q9Y94TSLSJ/Monthly+Cashflow.jpg Mixed Use https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620154227580-ZQ8XG2477EIDMKTOQHE1/Waterfall.jpg Mixed Use - Waterfall with the number of tiers selected in the custom model builder https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png Mixed Use https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Mixed Use - Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Mixed Use - Excel Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Mixed Use - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Mixed Use - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Mixed Use https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Mixed Use https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726088139028-TJW37LV6YM7SG2X3PHH5/mixed+use.png Mixed Use https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726088138204-7IVGECFQLD6EJW2JSTS8/mixed+use+%282%29.png Mixed Use https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726088138210-FD5EYEVYKS2HYUT4XNAO/mixed+use+%283%29.png Mixed Use https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808288551-8B53F0YDA0W0P7IYD3O9/Copy+of+View+Product+Button+%281%29.jpg Mixed Use - Mixed-Use Financial Model Mixed-Use Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808292308-WR86XHU3GFDEA9GDUE8U/Copy+of+View+Product+Button+%281%29.jpg Mixed Use - Mixed-Use Financial Model Mixed-use Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://tsmfinancialmodels.com/townhome-development-model daily 0.75 2025-04-03 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621285638559-SW8Y9GQMIBPMC9016U2D/Townhome+Development.png Townhome Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Townhome Development - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Townhome Development - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620148574986-ITYOP7RQ2CRTDLBJRDAK/Model+Outputs.jpg Townhome Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620148574950-9XAKL5QSBW58WRBHRD7M/Assumptions.jpg Townhome Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945317-R29VSXM4MD27PF8JJZJR/Unit+Mix.jpg Townhome Development - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) (Copy) The Unit Mix tab is an input tab and details different types of units located within the multifamily acquisition project as well as the total amount, square footage, and rent price per square foot. Rent per unit can be toggled to be based on the assumptions entered by the user or can be based upon the inputted comp set. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620147738206-WNUBYI18GJRR24D294QG/Renovation+Budget.jpg Townhome Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Townhome Development - Annual Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Townhome Development - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Townhome Development - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944803-7F60BNJL8767Z8J12DC7/Sale+Comps.jpg Townhome Development - Multifamily Acquisition Sale Comps (Copy) (Copy) (Copy) (Copy) (Copy) The Sale Comps tab is an output tab and like the lease comps tab, illustrates basic knowledge of other properties in surrounding areas. If CoStar is not readily available, you can input sale comps into this tab. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686600023989-8359GHUW46H62IGEEGR4/sofr.png Townhome Development The SOFR tab is an input tab and can be updated by downloading the SOFR forward curve, one-month projection. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png Townhome Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Townhome Development - Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Townhome Development - Excel Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Townhome Development - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Townhome Development - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Townhome Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Townhome Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726070439874-7ATPNONGKLR2ENCZXST1/1.png Townhome Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726070449214-U8OGKRDSYSNWJWVL5C7U/10.png Townhome Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726070449444-GW36J7KVBSSCDQT916ZA/11.png Townhome Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726070450190-AZZZR3S9LADQZL99CJ8B/12.png Townhome Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726070450299-76AWXH2KE1LTAA19YN4Q/13.png Townhome Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808288551-8B53F0YDA0W0P7IYD3O9/Copy+of+View+Product+Button+%281%29.jpg Townhome Development - Townhome Development Model (Copy) Townhome Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808292308-WR86XHU3GFDEA9GDUE8U/Copy+of+View+Product+Button+%281%29.jpg Townhome Development - Townhome Development Model (Copy) Townhome Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808296383-DGS0P06I2HJ1HSHHCJ72/Copy+of+View+Product+Button+%281%29.jpg Townhome Development - Townhome Development Model (Copy) Townhome Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808300228-NJNCPG608KIOTS3YB6HE/Copy+of+View+Product+Button+%281%29.jpg Townhome Development - Townhome Development Model (COND004) (Copy) (Copy) (Copy) (Copy) Townhome Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726070483122-ZV8ITPWWA7N9FUVSIOES/14.png Townhome Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726070483124-J0TZZTZRK8HMBF3T3ZG7/15.png Townhome Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726070483974-PUQS8ZBSL61JQR6TZ1UC/16.png Townhome Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726070483993-RQ2VKFCRTMHWTHCLDTGT/17.png Townhome Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808107527-HWO8DKS2I6UJ0ILJMFJ7/Copy+of+View+Product+Button+%281%29.jpg Townhome Development - Townhome Development Financial Model (MULA013) (Copy) (Copy) (Copy) (Copy) Townhome Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808111412-6PSDWQ65H7EGLEQHT2R7/Copy+of+View+Product+Button+%281%29.jpg Townhome Development - Townhome Development Financial Model (MULA014) (Copy) (Copy) (Copy) (Copy) Townhome Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808114879-64TJEFCYOHCXLQ5G4OG9/Copy+of+View+Product+Button+%281%29.jpg Townhome Development - Townhome Development Financial Model (MULA015) (Copy) (Copy) (Copy) (Copy) (Copy) Townhome Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808118796-7A5OVA5GRUI8QGO35FO0/Copy+of+View+Product+Button+%281%29.jpg Townhome Development - Townhome Development Financial Model (MULA016) (Copy) (Copy) (Copy) (Copy) Townhome Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://tsmfinancialmodels.com/senior-living-acquisition-model daily 0.75 2025-04-04 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621286253873-PA8Z13TR1TVS9U4I5WYH/Senior+Living+Acquistion+Model Senior Living Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Senior Living Acquisition - real estate financial modeling (Copy) (Copy) (Copy) (Copy) The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Senior Living Acquisition - real estate financial modeling (Copy) (Copy) (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988228-9919IWDO12VGY8K9L9O5/Model+Outputs.jpg Senior Living Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988211-CZIFN01JLDWR1H4Q8F09/Assumptions.jpg Senior Living Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988898-VOC4HR3NOFQVYRCP4QGD/Unit+Mix.jpg Senior Living Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988833-1KTWZK9YVNJJ3JMIXRWC/Renovation+Budget.jpg Senior Living Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942767-7RPQ0UMV706JL9NV9AMX/Financials.jpg Senior Living Acquisition - Multifamily Acquisition Financial Excel Model (Copy) (Copy) (Copy) (Copy) Easily compare stabilized operations to historical financials. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Senior Living Acquisition - Annual Cashflow (Copy) (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Senior Living Acquisition - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Senior Living Acquisition - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296943371-35PYJGZ4N2SRIH213W73/Lease+Comps.jpg Senior Living Acquisition - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) The Lease Comps tab is an output tab and illustrates basic knowledge of other properties in surrounding areas. This tab acts as a check to see if the rent rates of the project are in line with the surrounding area. If CoStar is not readily available, you can input lease comps into this tab. The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944803-7F60BNJL8767Z8J12DC7/Sale+Comps.jpg Senior Living Acquisition - Multifamily Acquisition Sale Comps (Copy) (Copy) (Copy) (Copy) The Sale Comps tab is an output tab and like the lease comps tab, illustrates basic knowledge of other properties in surrounding areas. If CoStar is not readily available, you can input sale comps into this tab. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945169-LUC3IVEV9YTEZ02Y9LXR/Taxes.jpg Senior Living Acquisition - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) The Tax tab is an input tab that calculates the amount of property tax yearly through the duration of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942274-NPZ8ZATI75PJLQECKXY4/Costar+Exports.jpg Senior Living Acquisition - Loss to lease (Copy) (Copy) (Copy) (Copy) The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686600071084-BM3SQVQX46A32R550XWE/sofr.png Senior Living Acquisition The SOFR tab is an input tab and can be updated by downloading the SOFR forward curve, one-month projection. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621010835099-M5MZCMURPE2RQN0MS1DD/TSA+Side+Banner.png Senior Living Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Senior Living Acquisition - Financial Modeling (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Senior Living Acquisition - Excel Financial Modeling (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Senior Living Acquisition - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Senior Living Acquisition - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Senior Living Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Senior Living Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726091745623-CGCRW2IAYXE3PK4FPMAT/1.png Senior Living Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726091745625-SE59VFU7SDHE66B7XQKI/2.png Senior Living Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726091746358-YYGDXC4JN5WDKLW5SNME/3.png Senior Living Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726091746519-YYRQN90HY0UWHLP7SLHD/4.png Senior Living Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726091747169-AN1RD55OXG0ZC9WPCK0M/5.png Senior Living Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807130106-JJG8JT8XVOJVIUU6LQE6/Copy+of+View+Product+Button+%281%29.jpg Senior Living Acquisition - Senior Living Acquisition Financial Model Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807135787-UR3XPE6BCOQV6ESUOHFA/Copy+of+View+Product+Button+%281%29.jpg Senior Living Acquisition - Senior Living Acquisition Financial Model Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807139638-VUXTBES33JMJIU1K8XMK/Copy+of+View+Product+Button+%281%29.jpg Senior Living Acquisition - Senior Living Acquisition Financial Model Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807143447-IZAH882II4FEAX25M7QW/Copy+of+View+Product+Button+%281%29.jpg Senior Living Acquisition - Senior Living Acquisition Financial Model Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726091782884-Q5NOG7TKWE3GTL6I7VVD/6.png Senior Living Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726091782849-TOVJNX00U205B8V4K7D6/7.png Senior Living Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726091783472-WLQ5PAVQ06VG6CFJJ6ON/8.png Senior Living Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726091783723-EPXUNAFPGK2VS5CYP8PD/9.png Senior Living Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807888271-P26FO4W991S4GQZODSDR/Copy+of+View+Product+Button+%281%29.jpg Senior Living Acquisition - Senior Living Acquisition Financial Model Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807892592-92QTOORIJT9BS9DQYO1U/Copy+of+View+Product+Button+%281%29.jpg Senior Living Acquisition - Senior Living Acquisition Financial Model Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807896666-KP1YOIGE3GKCUYAXU95R/Copy+of+View+Product+Button+%281%29.jpg Senior Living Acquisition - Senior Living Acquisition Financial Model Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807900950-G9CXB1JNW7LDCCLC8JFL/Copy+of+View+Product+Button+%281%29.jpg Senior Living Acquisition - Senior Living Acquisition Financial Model Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726091798937-N2XWWABDTT5B7S8O80ET/1.png Senior Living Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726091805208-LYM0GJ99RS4EVQ7LRKCH/10.png Senior Living Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726091805200-GDNS7BKIZPSSJNLKD1S9/11.png Senior Living Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726091805907-8OMTCHN8XBX75NSXZYUR/12.png Senior Living Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726091806132-6KCAR930K2LSFMBZ8LO3/13.png Senior Living Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808107527-HWO8DKS2I6UJ0ILJMFJ7/Copy+of+View+Product+Button+%281%29.jpg Senior Living Acquisition - Senior Living Acquisition Financial Model Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808111412-6PSDWQ65H7EGLEQHT2R7/Copy+of+View+Product+Button+%281%29.jpg Senior Living Acquisition - Senior Living Acquisition Financial Model Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808114879-64TJEFCYOHCXLQ5G4OG9/Copy+of+View+Product+Button+%281%29.jpg Senior Living Acquisition - Senior Living Acquisition Financial Model Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808118796-7A5OVA5GRUI8QGO35FO0/Copy+of+View+Product+Button+%281%29.jpg Senior Living Acquisition - Senior Living Acquisition Financial Model Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726091831594-JOAMCRPD93QMH03RHMHA/14.png Senior Living Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726091831607-NX957C4DUJNHX95ZQB6N/15.png Senior Living Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726091832240-HJ6SZ46L4ODN05N81JMX/16.png Senior Living Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726091832305-EGWIGPCQ8T5LBJY76T5Y/17.png Senior Living Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808288551-8B53F0YDA0W0P7IYD3O9/Copy+of+View+Product+Button+%281%29.jpg Senior Living Acquisition - Senior Living Acquisition Financial Model Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808292308-WR86XHU3GFDEA9GDUE8U/Copy+of+View+Product+Button+%281%29.jpg Senior Living Acquisition - Senior Living Acquisition Financial Model Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808296383-DGS0P06I2HJ1HSHHCJ72/Copy+of+View+Product+Button+%281%29.jpg Senior Living Acquisition - Senior Living Acquisition Financial Model Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808300228-NJNCPG608KIOTS3YB6HE/Copy+of+View+Product+Button+%281%29.jpg Senior Living Acquisition - Senior Living Acquisition Financial Model Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://tsmfinancialmodels.com/senior-living-development daily 0.75 2025-04-04 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/67005276-565a-4325-8991-152cb0fb4923/Senior+Living+Development.png Senior Living Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Senior Living Development - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Senior Living Development - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988228-9919IWDO12VGY8K9L9O5/Model+Outputs.jpg Senior Living Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988211-CZIFN01JLDWR1H4Q8F09/Assumptions.jpg Senior Living Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988898-VOC4HR3NOFQVYRCP4QGD/Unit+Mix.jpg Senior Living Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620151379250-7BS2NGFLT0TWKAYLH8Q6/Renovation+Budget.jpg Senior Living Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Senior Living Development - Annual Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Senior Living Development - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Senior Living Development - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296943371-35PYJGZ4N2SRIH213W73/Lease+Comps.jpg Senior Living Development - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) (Copy) The Lease Comps tab is an output tab and illustrates basic knowledge of other properties in surrounding areas. This tab acts as a check to see if the rent rates of the project are in line with the surrounding area. If CoStar is not readily available, you can input lease comps into this tab. The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944803-7F60BNJL8767Z8J12DC7/Sale+Comps.jpg Senior Living Development - Multifamily Acquisition Sale Comps (Copy) (Copy) (Copy) (Copy) (Copy) The Sale Comps tab is an output tab and like the lease comps tab, illustrates basic knowledge of other properties in surrounding areas. If CoStar is not readily available, you can input sale comps into this tab. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945169-LUC3IVEV9YTEZ02Y9LXR/Taxes.jpg Senior Living Development - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) (Copy) The Tax tab is an input tab that calculates the amount of property tax yearly through the duration of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942274-NPZ8ZATI75PJLQECKXY4/Costar+Exports.jpg Senior Living Development - Loss to lease (Copy) (Copy) (Copy) (Copy) (Copy) The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686601533642-FQIFTG6AMWMJNZ32967D/sofr.png Senior Living Development The SOFR tab is an input tab and can be updated by downloading the SOFR forward curve, one-month projection. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png Senior Living Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Senior Living Development - Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Senior Living Development - Excel Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Senior Living Development - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Senior Living Development - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Senior Living Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Senior Living Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726088663158-4HELB0IDB9FMPL6Q7R94/1.png Senior Living Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726088668841-EQHG61XRHM6MBS1PAQKS/2.png Senior Living Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726088668858-24S7P2L4T5YP6XTHL7LC/3.png Senior Living Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726088669585-OUXR6HJZZDID0CVSX54X/4.png Senior Living Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726088669580-PS6NLCQZG5AH4R5NNCJ3/5.png Senior Living Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807130106-JJG8JT8XVOJVIUU6LQE6/Copy+of+View+Product+Button+%281%29.jpg Senior Living Development - Senior Living Acquisition Financial Model (Copy) Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807135787-UR3XPE6BCOQV6ESUOHFA/Copy+of+View+Product+Button+%281%29.jpg Senior Living Development - Senior Living Acquisition Financial Model (Copy) Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807139638-VUXTBES33JMJIU1K8XMK/Copy+of+View+Product+Button+%281%29.jpg Senior Living Development - Senior Living Acquisition Financial Model (Copy) Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807143447-IZAH882II4FEAX25M7QW/Copy+of+View+Product+Button+%281%29.jpg Senior Living Development - Senior Living Acquisition Financial Model (Copy) Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726088707457-19CF9DD130T5GXC6HBMH/6.png Senior Living Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726088707455-42YD2WXAWUNBIJ3E2C3L/7.png Senior Living Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726088708154-NEP4F3SGULG07739X8VW/8.png Senior Living Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726088708261-8UBFEUVBZIH75X2X64ZX/9.png Senior Living Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807888271-P26FO4W991S4GQZODSDR/Copy+of+View+Product+Button+%281%29.jpg Senior Living Development - Senior Living Acquisition Financial Model (Copy) Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807892592-92QTOORIJT9BS9DQYO1U/Copy+of+View+Product+Button+%281%29.jpg Senior Living Development - Senior Living Acquisition Financial Model (Copy) Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807896666-KP1YOIGE3GKCUYAXU95R/Copy+of+View+Product+Button+%281%29.jpg Senior Living Development - Senior Living Acquisition Financial Model (Copy) Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807900950-G9CXB1JNW7LDCCLC8JFL/Copy+of+View+Product+Button+%281%29.jpg Senior Living Development - Senior Living Acquisition Financial Model (Copy) Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726088787139-ODZYADNIHM5NLXFFNOUI/1.png Senior Living Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726088793683-6ZP69USJ25KITZRHFU5J/10.png Senior Living Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726088793678-PQU3249OM4QLA8HUE3LH/11.png Senior Living Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726088794527-Z5KCW19J1XELCHGPMGKF/12.png Senior Living Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726088794375-P4W0TAU2EJAUGHH69LAB/13.png Senior Living Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808107527-HWO8DKS2I6UJ0ILJMFJ7/Copy+of+View+Product+Button+%281%29.jpg Senior Living Development - Senior Living Acquisition Financial Model (Copy) Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808111412-6PSDWQ65H7EGLEQHT2R7/Copy+of+View+Product+Button+%281%29.jpg Senior Living Development - Senior Living Acquisition Financial Model (Copy) Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808114879-64TJEFCYOHCXLQ5G4OG9/Copy+of+View+Product+Button+%281%29.jpg Senior Living Development - Senior Living Acquisition Financial Model (Copy) Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808118796-7A5OVA5GRUI8QGO35FO0/Copy+of+View+Product+Button+%281%29.jpg Senior Living Development - Senior Living Acquisition Financial Model (Copy) Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726088824059-3MSWHK4AHJGWWIV2EK9T/14.png Senior Living Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726088824037-EE3G72E2MB23WAL2IFPF/15.png Senior Living Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726088824743-8JZ8Z69BPPXQSFK6NDID/16.png Senior Living Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726088824734-3BEGXXLSORSR6QXGM3HI/17.png Senior Living Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808288551-8B53F0YDA0W0P7IYD3O9/Copy+of+View+Product+Button+%281%29.jpg Senior Living Development - Senior Living Acquisition Financial Model (Copy) Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808292308-WR86XHU3GFDEA9GDUE8U/Copy+of+View+Product+Button+%281%29.jpg Senior Living Development - Senior Living Acquisition Financial Model (Copy) Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808296383-DGS0P06I2HJ1HSHHCJ72/Copy+of+View+Product+Button+%281%29.jpg Senior Living Development - Senior Living Acquisition Financial Model (Copy) Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808300228-NJNCPG608KIOTS3YB6HE/Copy+of+View+Product+Button+%281%29.jpg Senior Living Development - Senior Living Acquisition Financial Model (Copy) Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://tsmfinancialmodels.com/condo-development-model daily 0.75 2025-04-03 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621031793885-Y5VCGATTTD8BTYZ971X8/Condo+Development.png Condo Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Condo Development - real estate financial modeling (Copy) (Copy) (Copy) (Copy) The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Condo Development - real estate financial modeling (Copy) (Copy) (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620147737779-6JEWKGLP63A8DG3S9SNL/Model+Outputs.jpg Condo Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620147737772-JCZCFS5EBK4POQYQO325/Assumptions.jpg Condo Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945317-R29VSXM4MD27PF8JJZJR/Unit+Mix.jpg Condo Development - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) The Unit Mix tab is an input tab and details different types of units located within the multifamily acquisition project as well as the total amount, square footage, and rent price per square foot. Rent per unit can be toggled to be based on the assumptions entered by the user or can be based upon the inputted comp set. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620147738206-WNUBYI18GJRR24D294QG/Renovation+Budget.jpg Condo Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Condo Development - Annual Cashflow (Copy) (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Condo Development - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Condo Development - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944803-7F60BNJL8767Z8J12DC7/Sale+Comps.jpg Condo Development - Multifamily Acquisition Sale Comps (Copy) (Copy) (Copy) (Copy) The Sale Comps tab is an output tab and like the lease comps tab, illustrates basic knowledge of other properties in surrounding areas. If CoStar is not readily available, you can input sale comps into this tab. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686599980997-RB6SEB7QZSSFDL9PWYPH/sofr.png Condo Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png Condo Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Condo Development - Financial Modeling (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Condo Development - Excel Financial Modeling (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Condo Development - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Condo Development - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Condo Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Condo Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086002186-KS6FJ2AYEFANOLW5GFL4/1.png Condo Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086010465-UL8W8O1Q5QCP3J4Z2C2X/10.png Condo Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086010499-RGBWYN0IDUN72ZZUQ36Y/11.png Condo Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086011240-RND4FFJD6FVBG810PT8F/12.png Condo Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086011256-JUVPOHRCDQREXUZPCSUU/13.png Condo Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808288551-8B53F0YDA0W0P7IYD3O9/Copy+of+View+Product+Button+%281%29.jpg Condo Development - Condo Development Model Condo Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808292308-WR86XHU3GFDEA9GDUE8U/Copy+of+View+Product+Button+%281%29.jpg Condo Development - Condo Development Model Condo Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808296383-DGS0P06I2HJ1HSHHCJ72/Copy+of+View+Product+Button+%281%29.jpg Condo Development - Condo Development Model Condo Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808300228-NJNCPG608KIOTS3YB6HE/Copy+of+View+Product+Button+%281%29.jpg Condo Development - Condo Development Model (COND004) (Copy) (Copy) (Copy) Condo Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086033764-1E5GDL2K18R17WRL28GW/14.png Condo Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086033772-J72XT8GH6P53JOYQDYUH/15.png Condo Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086034482-GTXD9VQ8P8W6YBG4WF63/16.png Condo Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086034728-OKOVXRMOWA96SOAANIS9/17.png Condo Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808107527-HWO8DKS2I6UJ0ILJMFJ7/Copy+of+View+Product+Button+%281%29.jpg Condo Development - Multifamily Acquisition Financial Model (MULA013) (Copy) (Copy) (Copy) Condo Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808111412-6PSDWQ65H7EGLEQHT2R7/Copy+of+View+Product+Button+%281%29.jpg Condo Development - Multifamily Acquisition Financial Model (MULA014) (Copy) (Copy) (Copy) Condo Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808114879-64TJEFCYOHCXLQ5G4OG9/Copy+of+View+Product+Button+%281%29.jpg Condo Development - Multifamily Acquisition Financial Model (MULA015) (Copy) (Copy) (Copy) (Copy) Condo Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808118796-7A5OVA5GRUI8QGO35FO0/Copy+of+View+Product+Button+%281%29.jpg Condo Development - Multifamily Acquisition Financial Model (MULA016) (Copy) (Copy) (Copy) Condo Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://tsmfinancialmodels.com/storage-development-model daily 0.75 2025-04-04 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621287642005-XJJH1MNAP0RBARF0SUGE/Storage+Development.png Storage Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Storage Development - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Storage Development - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988228-9919IWDO12VGY8K9L9O5/Model+Outputs.jpg Storage Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988211-CZIFN01JLDWR1H4Q8F09/Assumptions.jpg Storage Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988898-VOC4HR3NOFQVYRCP4QGD/Unit+Mix.jpg Storage Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620151379250-7BS2NGFLT0TWKAYLH8Q6/Renovation+Budget.jpg Storage Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Storage Development - Annual Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Storage Development - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Storage Development - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296943371-35PYJGZ4N2SRIH213W73/Lease+Comps.jpg Storage Development - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Lease Comps tab is an output tab and illustrates basic knowledge of other properties in surrounding areas. This tab acts as a check to see if the rent rates of the project are in line with the surrounding area. If CoStar is not readily available, you can input lease comps into this tab. The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944803-7F60BNJL8767Z8J12DC7/Sale+Comps.jpg Storage Development - Multifamily Acquisition Sale Comps (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Sale Comps tab is an output tab and like the lease comps tab, illustrates basic knowledge of other properties in surrounding areas. If CoStar is not readily available, you can input sale comps into this tab. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945169-LUC3IVEV9YTEZ02Y9LXR/Taxes.jpg Storage Development - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Tax tab is an input tab that calculates the amount of property tax yearly through the duration of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942274-NPZ8ZATI75PJLQECKXY4/Costar+Exports.jpg Storage Development - Loss to lease (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686601861640-8WHT89EP6D5OUP5DB6QV/sofr.png Storage Development The SOFR tab is an input tab and can be updated by downloading the SOFR forward curve, one-month projection. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png Storage Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Storage Development - Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Storage Development - Excel Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Storage Development - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Storage Development - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Storage Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Storage Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086141343-K1KQ8CR3QKTHFQIMRL76/1.png Storage Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086141301-6K5BNM5W6CUS3LGX1JUI/2.png Storage Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086142129-YNSFT6E4K6XDYN1DKYNH/3.png Storage Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086142227-FU8ZV4HGN19JZTGZ3C37/4.png Storage Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086142896-ANXWZ7UTGYUOJAVR6BDW/5.png Storage Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807130106-JJG8JT8XVOJVIUU6LQE6/Copy+of+View+Product+Button+%281%29.jpg Storage Development - Storage Development Financial Model Storage Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807135787-UR3XPE6BCOQV6ESUOHFA/Copy+of+View+Product+Button+%281%29.jpg Storage Development - Storage Development Financial Model Storage Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807139638-VUXTBES33JMJIU1K8XMK/Copy+of+View+Product+Button+%281%29.jpg Storage Development - Storage Development Financial Model Storage Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807143447-IZAH882II4FEAX25M7QW/Copy+of+View+Product+Button+%281%29.jpg Storage Development - Storage Development Financial Model Storage Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086169277-CJO5VWPI4LBJQEO0VX3A/6.png Storage Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086169314-B4QEE7S8ILPPUX44OCNK/7.png Storage Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086170221-QWMKBNCQSP2AEL55HC8C/8.png Storage Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086170227-Z5ZVDY87ZX2L7LGFGF8M/9.png Storage Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807888271-P26FO4W991S4GQZODSDR/Copy+of+View+Product+Button+%281%29.jpg Storage Development - Storage Development Financial Model Storage Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807892592-92QTOORIJT9BS9DQYO1U/Copy+of+View+Product+Button+%281%29.jpg Storage Development - Storage Development Financial Model Storage Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807896666-KP1YOIGE3GKCUYAXU95R/Copy+of+View+Product+Button+%281%29.jpg Storage Development - Storage Development Financial Model Storage Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807900950-G9CXB1JNW7LDCCLC8JFL/Copy+of+View+Product+Button+%281%29.jpg Storage Development - Storage Development Financial Model Storage Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086190057-PADKTLC9KRCM3S69TQLJ/1.png Storage Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086197621-AIGB1ZHPOD173MX6L8YZ/10.png Storage Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086197648-2X2WFBY42UU9K7W4STJW/11.png Storage Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086198389-CHA6IPALHBC6GJ83XXMB/12.png Storage Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086198501-525OITB8KOTET8Z1Z0WV/13.png Storage Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808107527-HWO8DKS2I6UJ0ILJMFJ7/Copy+of+View+Product+Button+%281%29.jpg Storage Development - Storage Development Financial Model Storage Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808111412-6PSDWQ65H7EGLEQHT2R7/Copy+of+View+Product+Button+%281%29.jpg Storage Development - Storage Development Financial Model Storage Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808114879-64TJEFCYOHCXLQ5G4OG9/Copy+of+View+Product+Button+%281%29.jpg Storage Development - Storage Development Financial Model Storage Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808118796-7A5OVA5GRUI8QGO35FO0/Copy+of+View+Product+Button+%281%29.jpg Storage Development - Storage Development Financial Model Storage Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086225189-B8QRY14ADEODAVV61KTJ/14.png Storage Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086225188-HJJ7YNAB3K4UFAB172W8/15.png Storage Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086225882-X24KFTBPK65YEY35D0N9/16.png Storage Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086226087-V1L2KAQRF4DBLKG585Y7/17.png Storage Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808288551-8B53F0YDA0W0P7IYD3O9/Copy+of+View+Product+Button+%281%29.jpg Storage Development - Storage Development Financial Model Storage Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808292308-WR86XHU3GFDEA9GDUE8U/Copy+of+View+Product+Button+%281%29.jpg Storage Development - Storage Development Financial Model (Copy) (Copy) Storage Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808296383-DGS0P06I2HJ1HSHHCJ72/Copy+of+View+Product+Button+%281%29.jpg Storage Development - Storage Development Financial Model (Copy) (Copy) Storage Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808300228-NJNCPG608KIOTS3YB6HE/Copy+of+View+Product+Button+%281%29.jpg Storage Development - Storage Development Financial Model (Copy) (Copy) Storage Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://tsmfinancialmodels.com/farm-development-model daily 0.75 2025-04-04 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621525858698-X1NXNWV75IE4XRNF0UVQ/Farm+Development.png Farm Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Farm Development - Investor Summary The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Farm Development - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620155798031-OIE7H6L1ZQZ88WK2U5FI/Model+Outputs.jpg Farm Development - Model Outputs used for investor relations reports/packages and includes sources/uses, capital stack, hypothetical investor returns, equity walk, etc. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620155798035-HQWH6NKEN11K6W6OFIT8/Assumptions.jpg Farm Development - Assumptions project details, general, conversion factors, harvest periods for multiple crops, land allocation across multiple crops, cultivation period, bushel converter, price control (downside/base/expected), exit assumptions, expense detail, construction debt, equipment loan, operating expense detail, salary detail, and waterfall assumptions https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620155798691-OOM61ZFQ2HCXW93M1RSM/Unit+Mix.jpg Farm Development - Harvest Calendar calculation of harvest cycle for 9 different crops https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620155798648-E1GV3FCXUP99CFUP42K3/Unit+Mix+%282%29.jpg Farm Development - Startup Budget with ability to control timing on each specific line item; also includes equipment budget https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Farm Development - Annual Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Farm Development - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Farm Development - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686601998291-QU8UD2HAGJYPWTF629Z5/sofr.png Farm Development The SOFR tab is an input tab and can be updated by downloading the SOFR forward curve, one-month projection. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png Farm Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Farm Development - Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Farm Development - Excel Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Farm Development - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Farm Development - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Farm Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Farm Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726091880628-IEKGGKHD5FHYB21TV558/1.png Farm Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726091886816-VFF61OTLF3F1IONEPBX2/10.png Farm Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726091886830-Q3IKGD7R3HPIBI4Y7ILT/11.png Farm Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726091887502-0IWYJ3EQTBIF9QZ7400Y/12.png Farm Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726091887524-3QTNZUVVHCL39KXBTQIN/13.png Farm Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808288551-8B53F0YDA0W0P7IYD3O9/Copy+of+View+Product+Button+%281%29.jpg Farm Development - Farm Development Financial Model Farm Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808292308-WR86XHU3GFDEA9GDUE8U/Copy+of+View+Product+Button+%281%29.jpg Farm Development - Farm Development Financial Model Farm Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808296383-DGS0P06I2HJ1HSHHCJ72/Copy+of+View+Product+Button+%281%29.jpg Farm Development - Farm Development Financial Model Farm Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808300228-NJNCPG608KIOTS3YB6HE/Copy+of+View+Product+Button+%281%29.jpg Farm Development - Farm Development Financial Model Farm Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726091925678-Z57GQ04DJYUW6L4R0QIY/14.png Farm Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726091925669-1K5Q3GS5NCY9R0XXV5MC/15.png Farm Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726091926313-VH3MDUHPBNIPP2X1IJUZ/16.png Farm Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726091926396-6YIYC7IK4UD2D2LGJPZ2/17.png Farm Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808107527-HWO8DKS2I6UJ0ILJMFJ7/Copy+of+View+Product+Button+%281%29.jpg Farm Development - Farm Development Financial Model Farm Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808111412-6PSDWQ65H7EGLEQHT2R7/Copy+of+View+Product+Button+%281%29.jpg Farm Development - Farm Development Financial Model Farm Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808114879-64TJEFCYOHCXLQ5G4OG9/Copy+of+View+Product+Button+%281%29.jpg Farm Development - Farm Development Financial Model Farm Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808118796-7A5OVA5GRUI8QGO35FO0/Copy+of+View+Product+Button+%281%29.jpg Farm Development - Farm Development Financial Model (MULA016) (Copy) (Copy) (Copy) (Copy) (Copy) Farm Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://tsmfinancialmodels.com/hemp-farm-development daily 0.75 2025-04-04 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621536893818-QR5JYR3Q6DGITN2BB1EJ/Hemp+Farm+Development+Model Hemp Farm Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Hemp Farm Development - Investor Summary (Copy) The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Hemp Farm Development - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620155798031-OIE7H6L1ZQZ88WK2U5FI/Model+Outputs.jpg Hemp Farm Development - Model Outputs (Copy) used for investor relations reports/packages and includes sources/uses, capital stack, hypothetical investor returns, equity walk, etc. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620155798035-HQWH6NKEN11K6W6OFIT8/Assumptions.jpg Hemp Farm Development - Assumptions (Copy) project details, general, conversion factors, harvest periods for multiple crops, land allocation across multiple crops, cultivation period, bushel converter, price control (downside/base/expected), exit assumptions, expense detail, construction debt, equipment loan, operating expense detail, salary detail, and waterfall assumptions https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620155798648-E1GV3FCXUP99CFUP42K3/Unit+Mix+%282%29.jpg Hemp Farm Development - Startup Budget (Copy) with ability to control timing on each specific line item; also includes equipment budget https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Hemp Farm Development - Annual Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Hemp Farm Development - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Hemp Farm Development - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686602081219-XH4HPOG1MVLAHKCLNKR5/sofr.png Hemp Farm Development The SOFR tab is an input tab and can be updated by downloading the SOFR forward curve, one-month projection. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png Hemp Farm Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Hemp Farm Development - Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Hemp Farm Development - Excel Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Hemp Farm Development - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Hemp Farm Development - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Hemp Farm Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Hemp Farm Development https://tsmfinancialmodels.com/land-development-model daily 0.75 2025-04-03 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621537448125-Q1XINJFJZ7BQ5BSQEJI0/Land+Development+Model Land Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Land Development - Investor Summary (Copy) The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Land Development - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620158103856-BX4C9K6ARNLZBX4RQINT/Model+Outputs.jpg Land Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620158103887-XEM9GCUPKTC1G93DILMW/Assumptions.jpg Land Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620158104871-CJME8F3DQD1W67D3B0NU/Unit+Mix.jpg Land Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620158104317-7LADA21755LFXND7DQO6/Unit+Mix+%282%29.jpg Land Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620158104379-NBMHK2P9YBMZ4ZAR1CAQ/Unit+Mix+%283%29.jpg Land Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Land Development - Annual Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Land Development - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Land Development - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686602116436-0C74VL547NPXUG378BZR/sofr.png Land Development The SOFR tab is an input tab and can be updated by downloading the SOFR forward curve, one-month projection. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png Land Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Land Development - Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Land Development - Excel Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Land Development - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Land Development - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Land Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Land Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726069428462-1NXNZQPJVHXOTM996W3G/land+dev.png Land Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726069494261-J7FOHE4J2FZ72MC4DR9F/land+dev+%282%29.png Land Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726069494274-NY60AWNWOYYYKEKJC5OK/land+dev+%283%29.png Land Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726069494871-4AX2IFOH7NZGHVIOI2OZ/land+dev+%284%29.png Land Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808288551-8B53F0YDA0W0P7IYD3O9/Copy+of+View+Product+Button+%281%29.jpg Land Development - Farm Development Financial Model (Copy) Farm Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808292308-WR86XHU3GFDEA9GDUE8U/Copy+of+View+Product+Button+%281%29.jpg Land Development - Land Development Financial Model (Copy) Land Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808296383-DGS0P06I2HJ1HSHHCJ72/Copy+of+View+Product+Button+%281%29.jpg Land Development - Land Development Financial Model (Copy) Land Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726069527914-DZ3VF3CIJDZ913ER92XM/land+dev+%285%29.png Land Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726069527904-LHHAKSK9QRVKHUKID6HY/land+dev+%286%29.png Land Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726069528561-OLLPI1B0LGN1CXUNK23O/land+dev+%287%29.png Land Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808107527-HWO8DKS2I6UJ0ILJMFJ7/Copy+of+View+Product+Button+%281%29.jpg Land Development - Land Development Financial Model (Copy) Land Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808111412-6PSDWQ65H7EGLEQHT2R7/Copy+of+View+Product+Button+%281%29.jpg Land Development - Land Development Financial Model (Copy) Land Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808114879-64TJEFCYOHCXLQ5G4OG9/Copy+of+View+Product+Button+%281%29.jpg Land Development - Land Development Financial Model (Copy) Land Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://tsmfinancialmodels.com/office-development-model daily 0.75 2025-04-03 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/941701e7-726c-4f68-9337-28319f2604e1/Office+Development.png Office Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Office Development (ARGUS) - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Office Development (ARGUS) - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620144771869-CIWAIQH7NII456H7M7V7/Model+Outputs.jpg Office Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620144771389-DODOH6T0NIKLBQW65FJN/Assumptions.jpg Office Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299531249-L2HHHG0GKMP7XWZGCLYX/Renovation+Budget.jpg Office Development (ARGUS) - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Renovation Budget tab is an input tab where the interior and exterior costs of a renovation budget can be entered. Timing and duration of the costs can also be entered on this tab. Each specific line item on the renovation budget can be a fixed dollar amount, amount per unit, amount per square foot, or a percentage. This tab in our multifamily acquisition model is used to size debt and equity needs for the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620069677217-S6W1ASMHQDGGS1HLFONJ/Building+Info.jpg Office Development (ARGUS) - Building Info (Copy) (Copy) consolidates ARGUS rent roll exports into a pre-formatted presentation rent roll with the ability to consolidate up to 15 individual properties into a portfolio view https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Office Development (ARGUS) - Annual Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Office Development (ARGUS) - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Office Development (ARGUS) - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296943371-35PYJGZ4N2SRIH213W73/Lease+Comps.jpg Office Development (ARGUS) - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Lease Comps tab is an output tab and illustrates basic knowledge of other properties in surrounding areas. This tab acts as a check to see if the rent rates of the project are in line with the surrounding area. If CoStar is not readily available, you can input lease comps into this tab. The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944803-7F60BNJL8767Z8J12DC7/Sale+Comps.jpg Office Development (ARGUS) - Multifamily Acquisition Sale Comps (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Sale Comps tab is an output tab and like the lease comps tab, illustrates basic knowledge of other properties in surrounding areas. If CoStar is not readily available, you can input sale comps into this tab. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945169-LUC3IVEV9YTEZ02Y9LXR/Taxes.jpg Office Development (ARGUS) - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Tax tab is an input tab that calculates the amount of property tax yearly through the duration of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942274-NPZ8ZATI75PJLQECKXY4/Costar+Exports.jpg Office Development (ARGUS) - Loss to lease (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620069676561-74LUG8QLCQSGT6HZD1DO/ARGUS.jpg Office Development (ARGUS) - ARGUS Exports (Copy) (Copy) various reports/schedules exported out of ARGUS and into this Excel financial model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686599448533-G9QFWMN73W4LD0FAO2DF/sofr.png Office Development (ARGUS) The SOFR tab is an input tab and can be updated by downloading the SOFR forward curve, one-month projection. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png Office Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Office Development (ARGUS) - Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Office Development (ARGUS) - Excel Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Office Development (ARGUS) - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Office Development (ARGUS) - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Office Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Office Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726070737145-3VJWXUT5AV94PFAKF841/1.png Office Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726070737145-XEJ6BDYCKVTN540QEO5P/2.png Office Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726070738337-63Q9SR1YFYIGIIDIOZMT/3.png Office Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726070738406-CVJ62YQ9C4Y9QE5X41DD/4.png Office Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726070739086-QXXOCCBTH0N32CG4930T/5.png Office Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807130106-JJG8JT8XVOJVIUU6LQE6/Copy+of+View+Product+Button+%281%29.jpg Office Development (ARGUS) - Office Development Model with ARGUS Office Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807135787-UR3XPE6BCOQV6ESUOHFA/Copy+of+View+Product+Button+%281%29.jpg Office Development (ARGUS) - Office Development Model with ARGUS Office Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807139638-VUXTBES33JMJIU1K8XMK/Copy+of+View+Product+Button+%281%29.jpg Office Development (ARGUS) - Office Development Model with ARGUS Office Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807143447-IZAH882II4FEAX25M7QW/Copy+of+View+Product+Button+%281%29.jpg Office Development (ARGUS) - Office Development Model with ARGUS Office Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081671721-I05Q0OTF7C780PLJ2S9X/6.png Office Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081671685-C4GKBA7FB0VJ5G44431K/7.png Office Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081672340-JEWOLAM74NC2HAGCRLHE/8.png Office Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081672366-LC0462QSYROP93A04U15/9.png Office Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807888271-P26FO4W991S4GQZODSDR/Copy+of+View+Product+Button+%281%29.jpg Office Development (ARGUS) - Office Development Model with ARGUS Office Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807892592-92QTOORIJT9BS9DQYO1U/Copy+of+View+Product+Button+%281%29.jpg Office Development (ARGUS) - Office Development Model with ARGUS Office Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807896666-KP1YOIGE3GKCUYAXU95R/Copy+of+View+Product+Button+%281%29.jpg Office Development (ARGUS) - Office Development Model with ARGUS Office Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807900950-G9CXB1JNW7LDCCLC8JFL/Copy+of+View+Product+Button+%281%29.jpg Office Development (ARGUS) - Office Development Model with ARGUS Office Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081713337-TIM7JYLYQDJFE48HWAF1/1.png Office Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081722656-EVH6XYRNRBTL95N6XVBT/10.png Office Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081722651-VPUPWYQXD53N1XCZ55FY/11.png Office Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081723402-29MBYA6OQQU4MTTSS597/12.png Office Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081723508-RVRUIX1YQ5WKIJGUA0DG/13.png Office Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808107527-HWO8DKS2I6UJ0ILJMFJ7/Copy+of+View+Product+Button+%281%29.jpg Office Development (ARGUS) - Office Development Model with ARGUS Office Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808111412-6PSDWQ65H7EGLEQHT2R7/Copy+of+View+Product+Button+%281%29.jpg Office Development (ARGUS) - Office Development Model with ARGUS Office Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808114879-64TJEFCYOHCXLQ5G4OG9/Copy+of+View+Product+Button+%281%29.jpg Office Development (ARGUS) - Office Development Model with ARGUS Office Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808118796-7A5OVA5GRUI8QGO35FO0/Copy+of+View+Product+Button+%281%29.jpg Office Development (ARGUS) - Office Development Model with ARGUS Office Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081754437-PKTZOHI580IYEFH7P75B/14.png Office Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081754422-Y4P6XFOKFC36BFAZA1T5/15.png Office Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081755108-5HM98MJUTUIEDTC33Y01/16.png Office Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081755161-6GI8R5NB1PSTBTKWRROU/17.png Office Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808288551-8B53F0YDA0W0P7IYD3O9/Copy+of+View+Product+Button+%281%29.jpg Office Development (ARGUS) - Office Development Model with ARGUS Office Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808292308-WR86XHU3GFDEA9GDUE8U/Copy+of+View+Product+Button+%281%29.jpg Office Development (ARGUS) - Office Development Model with ARGUS Office Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808296383-DGS0P06I2HJ1HSHHCJ72/Copy+of+View+Product+Button+%281%29.jpg Office Development (ARGUS) - Office Development Model with ARGUS Office Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808300228-NJNCPG608KIOTS3YB6HE/Copy+of+View+Product+Button+%281%29.jpg Office Development (ARGUS) - Office Development Model with ARGUS Office Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://tsmfinancialmodels.com/multifamily-development-model daily 0.75 2025-04-03 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1634679697310-RWBBK8JOGEWLMNETUFU8/Multifamily+Development Multifamily Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Multifamily Development - index function The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Multifamily Development - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988228-9919IWDO12VGY8K9L9O5/Model+Outputs.jpg Multifamily Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988211-CZIFN01JLDWR1H4Q8F09/Assumptions.jpg Multifamily Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988898-VOC4HR3NOFQVYRCP4QGD/Unit+Mix.jpg Multifamily Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620151379250-7BS2NGFLT0TWKAYLH8Q6/Renovation+Budget.jpg Multifamily Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Multifamily Development - Annual Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Multifamily Development - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Multifamily Development - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296943371-35PYJGZ4N2SRIH213W73/Lease+Comps.jpg Multifamily Development - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Lease Comps tab is an output tab and illustrates basic knowledge of other properties in surrounding areas. This tab acts as a check to see if the rent rates of the project are in line with the surrounding area. If CoStar is not readily available, you can input lease comps into this tab. The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944803-7F60BNJL8767Z8J12DC7/Sale+Comps.jpg Multifamily Development - Multifamily Acquisition Sale Comps (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Sale Comps tab is an output tab and like the lease comps tab, illustrates basic knowledge of other properties in surrounding areas. If CoStar is not readily available, you can input sale comps into this tab. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945169-LUC3IVEV9YTEZ02Y9LXR/Taxes.jpg Multifamily Development - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Tax tab is an input tab that calculates the amount of property tax yearly through the duration of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942274-NPZ8ZATI75PJLQECKXY4/Costar+Exports.jpg Multifamily Development - Loss to lease (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686583907877-N4M8HDDVBW2C9A5D9HEC/sofr.png Multifamily Development The SOFR tab is an input tab and can be updated by downloading the SOFR forward curve, one-month projection. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png Multifamily Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Multifamily Development - Multifamily Development Real estate development pro forma excel Multifamily development pro forma https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Multifamily Development - Multifamily Development Model Development pro forma templates https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Multifamily Development - 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Senior Living Acquisition Financial Model (Copy) (Copy) Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726066466764-VX8CNKQ18CS2UGRFLSR6/6.png Multifamily Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726066466779-HQ526CTKMCUO2TXMYB98/7.png Multifamily Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726066467419-FNAHO2VNHRMFB5IU9FG8/8.png Multifamily Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726066467492-XSMO3ILSNHHRDIVLVADJ/9.png Multifamily Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807888271-P26FO4W991S4GQZODSDR/Copy+of+View+Product+Button+%281%29.jpg Multifamily Development - Senior Living Acquisition Financial Model (Copy) (Copy) Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807892592-92QTOORIJT9BS9DQYO1U/Copy+of+View+Product+Button+%281%29.jpg Multifamily Development - 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Senior Living Acquisition Financial Model (Copy) (Copy) Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808111412-6PSDWQ65H7EGLEQHT2R7/Copy+of+View+Product+Button+%281%29.jpg Multifamily Development - Senior Living Acquisition Financial Model (Copy) (Copy) Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808114879-64TJEFCYOHCXLQ5G4OG9/Copy+of+View+Product+Button+%281%29.jpg Multifamily Development - Senior Living Acquisition Financial Model (Copy) (Copy) Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808118796-7A5OVA5GRUI8QGO35FO0/Copy+of+View+Product+Button+%281%29.jpg Multifamily Development - Senior Living Acquisition Financial Model (Copy) (Copy) Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726066565955-ZRQ65RKFP4PL67ROP40C/14.png Multifamily Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726066565949-RL5LPNPYAWAO8WW0JS0K/15.png Multifamily Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726066566590-GHQW92O779R8UJ91UJ2U/16.png Multifamily Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726066566690-6EXE6X9M5NMCDHEJK3G0/17.png Multifamily Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808288551-8B53F0YDA0W0P7IYD3O9/Copy+of+View+Product+Button+%281%29.jpg Multifamily Development - Senior Living Acquisition Financial Model Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808292308-WR86XHU3GFDEA9GDUE8U/Copy+of+View+Product+Button+%281%29.jpg Multifamily Development - Senior Living Acquisition Financial Model (Copy) (Copy) Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808296383-DGS0P06I2HJ1HSHHCJ72/Copy+of+View+Product+Button+%281%29.jpg Multifamily Development - Senior Living Acquisition Financial Model (Copy) (Copy) Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808300228-NJNCPG608KIOTS3YB6HE/Copy+of+View+Product+Button+%281%29.jpg Multifamily Development - Senior Living Acquisition Financial Model (Copy) (Copy) Senior Living Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://tsmfinancialmodels.com/storage-acquisition-model daily 0.75 2025-04-04 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/98788d59-98d4-4416-a6dc-0163300e2afd/Storage+Acquisition.png Storage Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Storage Acquisition - real estate financial modeling (Copy) The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296943917-NSQA7QS5JUAP86IIKFJU/Model+Outputs.jpg Storage Acquisition - real estate financial modeling (Copy) (Copy) (Copy) (Copy) The Model Outputs tab is an output tab. This tab displays general deal information such as the unit mix, sources and uses of capital, cashflows summaries, and waterfall summaries. It contains calculations such as Cash on Cash and Debt Yield. There is also a hypothetical investor summary that can estimate cashflows for potential investors. The input can be changed to represent the size of your potential investor’s investment so you can tailor your presentations for specific investors. All the tables in this tab are designed to be copy/pasted into your marketing materials, OMs, and PPMs. Your marketing/investor relations employees do not need to search the model for specific information as it is located in one place. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Storage Acquisition - real estate financial modeling (Copy) (Copy) (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941739-572FOLTEHXP1Z65DUIN1/Assumptions.jpg Storage Acquisition - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) The Assumptions tab is the main input tab in the multifamily acquisition financial model. Details such as operating assumptions, exit assumptions, and debt assumptions can be found here. This tab also includes a sensitivity table. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945317-R29VSXM4MD27PF8JJZJR/Unit+Mix.jpg Storage Acquisition - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) The Unit Mix tab is an input tab and details different types of units located within the multifamily acquisition project as well as the total amount, square footage, and rent price per square foot. Rent per unit can be toggled to be based on the assumptions entered by the user or can be based upon the inputted comp set. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942767-7RPQ0UMV706JL9NV9AMX/Financials.jpg Storage Acquisition - Multifamily Acquisition Financial Excel Model (Copy) (Copy) (Copy) (Copy) Easily compare stabilized operations to historical financials. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299531249-L2HHHG0GKMP7XWZGCLYX/Renovation+Budget.jpg Storage Acquisition - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) The Renovation Budget tab is an input tab where the interior and exterior costs of a renovation budget can be entered. Timing and duration of the costs can also be entered on this tab. Each specific line item on the renovation budget can be a fixed dollar amount, amount per unit, amount per square foot, or a percentage. This tab in our multifamily acquisition model is used to size debt and equity needs for the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Storage Acquisition - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Storage Acquisition - Annual Cashflow (Copy) (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Storage Acquisition - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296943371-35PYJGZ4N2SRIH213W73/Lease+Comps.jpg Storage Acquisition - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) The Lease Comps tab is an output tab and illustrates basic knowledge of other properties in surrounding areas. This tab acts as a check to see if the rent rates of the project are in line with the surrounding area. If CoStar is not readily available, you can input lease comps into this tab. The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944803-7F60BNJL8767Z8J12DC7/Sale+Comps.jpg Storage Acquisition - Multifamily Acquisition Sale Comps (Copy) (Copy) (Copy) (Copy) The Sale Comps tab is an output tab and like the lease comps tab, illustrates basic knowledge of other properties in surrounding areas. If CoStar is not readily available, you can input sale comps into this tab. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945169-LUC3IVEV9YTEZ02Y9LXR/Taxes.jpg Storage Acquisition - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) The Tax tab is an input tab that calculates the amount of property tax yearly through the duration of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942274-NPZ8ZATI75PJLQECKXY4/Costar+Exports.jpg Storage Acquisition - Loss to lease (Copy) (Copy) (Copy) (Copy) The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686601926999-NMUOXQ36VAA1KYGRVQOQ/sofr.png Storage Acquisition The SOFR tab is an input tab and can be updated by downloading the SOFR forward curve, one-month projection. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621010835099-M5MZCMURPE2RQN0MS1DD/Multifamily+Acquisitions%2C+Real+Estate+Acquisitions Storage Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Storage Acquisition - Financial Modeling (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Storage Acquisition - Excel Financial Modeling (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Storage Acquisition - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Storage Acquisition - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Storage Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Storage Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086262470-2OUS6IFUSIJMNT0ZHFRC/1.png Storage Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086262434-87NTXPLBDTN3QYHLXGRK/2.png Storage Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086263207-2I2IAXJK62NGHFO72VQ1/3.png Storage Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086263451-1GJO35K9SGOOUNG9VBLM/4.png Storage Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086263925-A4AYGOP6J93ZGTJJTOJK/5.png Storage Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807130106-JJG8JT8XVOJVIUU6LQE6/Copy+of+View+Product+Button+%281%29.jpg Storage Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807135787-UR3XPE6BCOQV6ESUOHFA/Copy+of+View+Product+Button+%281%29.jpg Storage Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807139638-VUXTBES33JMJIU1K8XMK/Copy+of+View+Product+Button+%281%29.jpg Storage Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807143447-IZAH882II4FEAX25M7QW/Copy+of+View+Product+Button+%281%29.jpg Storage Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086298563-E670RFYJZ4XG8XNZSABW/6.png Storage Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086298800-IKFXYC3SRIVVDBRTLPZ1/7.png Storage Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086299287-SVVXNDBKNNG6N289KWMQ/8.png Storage Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086299587-V3L2UUZ40Z4M9ELW6F89/9.png Storage Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807888271-P26FO4W991S4GQZODSDR/Copy+of+View+Product+Button+%281%29.jpg Storage Acquisition - 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Multifamily Acquisition Financial Model (MULA013) (Copy) (Copy) (Copy) Multifamily Acquisition Financial Model, Real Estate Financial Modeling, Excel Financial Models, Top Shelf Models, Waterfall Distribution, gross square footage https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808111412-6PSDWQ65H7EGLEQHT2R7/Copy+of+View+Product+Button+%281%29.jpg Storage Acquisition - Storage Acquisition Financial Model Storage Acquisition Financial Model, Real Estate Financial Modeling, Excel Financial Models, Top Shelf Models, Waterfall Distribution, gross square footage https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808114879-64TJEFCYOHCXLQ5G4OG9/Copy+of+View+Product+Button+%281%29.jpg Storage Acquisition - Storage Acquisition Financial Model Multifamily Acquisition Financial Model, Real Estate Financial Modeling, Excel Financial Models, Top Shelf Models, Waterfall Distribution, gross square footage https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808118796-7A5OVA5GRUI8QGO35FO0/Copy+of+View+Product+Button+%281%29.jpg Storage Acquisition - Storage Acquisition Financial Model Multifamily Acquisition Financial Model, Real Estate Financial Modeling, Excel Financial Models, Top Shelf Models, Waterfall Distribution, gross square footage https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086356397-SJY2PO1SJJ4R3IHKMJ79/14.png Storage Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086356697-3BJR25CERU03Y2TVMMLD/15.png Storage Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086357118-EF7JKPVG1KKC4473L5ZC/16.png Storage Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726086357357-KT2R4J8ZQJXW033GGOXP/17.png Storage Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808288551-8B53F0YDA0W0P7IYD3O9/Copy+of+View+Product+Button+%281%29.jpg Storage Acquisition - Storage Acquisition Model Storage Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808292308-WR86XHU3GFDEA9GDUE8U/Copy+of+View+Product+Button+%281%29.jpg Storage Acquisition - Storage Acquisition Model Storage Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808296383-DGS0P06I2HJ1HSHHCJ72/Copy+of+View+Product+Button+%281%29.jpg Storage Acquisition - Storage Acquisition Model Storage Acquisition Model Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808300228-NJNCPG608KIOTS3YB6HE/Copy+of+View+Product+Button+%281%29.jpg Storage Acquisition - Storage Acquisition Model Storage Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://tsmfinancialmodels.com/data-center-development-model daily 0.75 2025-04-03 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1623883857568-BO6LAN28XS4CPTQY3RAO/Data+Center+Development+Financial+Model Data Center Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Data Center Development - index function (Copy) The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Data Center Development - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1624310549994-IEUJ4KY6R5FBIMC2N02N/Model+Outputs.png Data Center Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1624310573367-T1GTS54LF4LS3FUHVV58/Assumptions.png Data Center Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620058788648-GB6W02VFHA1DGBT0SFO7/Unit+Mix.jpg Data Center Development - Rent Roll The Rent Roll tab is an input tab. This tab is an Excel file reflecting the in-place leases, along with a lease-up schedule. This has the same function as the ARGUS Rent Roll without actually having ARGUS integrated into the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620158104317-7LADA21755LFXND7DQO6/Unit+Mix+%282%29.jpg Data Center Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945169-LUC3IVEV9YTEZ02Y9LXR/Taxes.jpg Data Center Development - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Tax tab is an input tab that calculates the amount of property tax yearly through the duration of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Data Center Development - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Data Center Development - Annual Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Data Center Development - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296943371-35PYJGZ4N2SRIH213W73/Lease+Comps.jpg Data Center Development - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Lease Comps tab is an output tab and illustrates basic knowledge of other properties in surrounding areas. This tab acts as a check to see if the rent rates of the project are in line with the surrounding area. If CoStar is not readily available, you can input lease comps into this tab. The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944803-7F60BNJL8767Z8J12DC7/Sale+Comps.jpg Data Center Development - Multifamily Acquisition Sale Comps (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Sale Comps tab is an output tab and like the lease comps tab, illustrates basic knowledge of other properties in surrounding areas. If CoStar is not readily available, you can input sale comps into this tab. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686602250476-V4APITGUYABG42YFX0QI/sofr.png Data Center Development The SOFR tab is an input tab and can be updated by downloading the SOFR forward curve, one-month projection. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png Data Center Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Data Center Development - Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Data Center Development - Excel Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Data Center Development - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Data Center Development - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Data Center Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Data Center Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726069601593-LOF5GG66JC64VDPHI284/1.png Data Center Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726069610166-7MSB3I57GMC6C2GKW213/5.png Data Center Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1623885960559-MKY4GZJCGWVUS3OFYL08/Copy+of+View+Product+Button.png Data Center Development - Data Center Development Model https://tsmfinancialmodels.com/data-center daily 0.75 2021-06-16 https://tsmfinancialmodels.com/data-center/data-center-development-model monthly 0.5 2025-09-22 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1623884291876-LJW3BN91I7ZYN5O7H80K/unsplash-image-M5tzZtFCOfs.jpg Data Center - TSM Data Center Development Model (DACD012) - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://tsmfinancialmodels.com/office-acquisition-model daily 0.75 2025-04-03 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/a6033c74-5d31-4f31-b6b1-46c817e91c61/Office+Aquisition.png Office Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Office Acquisition (ARGUS) - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Office Acquisition (ARGUS) - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620069677799-C7F1A4OGT7UQV8YPVI2L/Model+Outputs.jpg Office Acquisition (ARGUS) - Model Outputs (Copy) used for investor relations reports/packages and includes sources/uses, capital stack, project costs, rent roll, hypothetical investor returns, etc. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620069676604-AONQ5A1RCOX68K381JYN/Assumptions.jpg Office Acquisition (ARGUS) - Assumptions (Copy) general, acquisition, timing, debt and waterfall assumptions. Also includes summary statistics, rent roll, vacancy assumptions, capex assumptions and sensitivity table https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299531249-L2HHHG0GKMP7XWZGCLYX/Renovation+Budget.jpg Office Acquisition (ARGUS) - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) (Copy) The Renovation Budget tab is an input tab where the interior and exterior costs of a renovation budget can be entered. Timing and duration of the costs can also be entered on this tab. Each specific line item on the renovation budget can be a fixed dollar amount, amount per unit, amount per square foot, or a percentage. This tab in our multifamily acquisition model is used to size debt and equity needs for the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620069677217-S6W1ASMHQDGGS1HLFONJ/Building+Info.jpg Office Acquisition (ARGUS) - Building Info (Copy) consolidates ARGUS rent roll exports into a pre-formatted presentation rent roll with the ability to consolidate up to 15 individual properties into a portfolio view https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Office Acquisition (ARGUS) - Annual Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Office Acquisition (ARGUS) - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Office Acquisition (ARGUS) - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296943371-35PYJGZ4N2SRIH213W73/Lease+Comps.jpg Office Acquisition (ARGUS) - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) (Copy) The Lease Comps tab is an output tab and illustrates basic knowledge of other properties in surrounding areas. This tab acts as a check to see if the rent rates of the project are in line with the surrounding area. If CoStar is not readily available, you can input lease comps into this tab. The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944803-7F60BNJL8767Z8J12DC7/Sale+Comps.jpg Office Acquisition (ARGUS) - Multifamily Acquisition Sale Comps (Copy) (Copy) (Copy) (Copy) (Copy) The Sale Comps tab is an output tab and like the lease comps tab, illustrates basic knowledge of other properties in surrounding areas. If CoStar is not readily available, you can input sale comps into this tab. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945169-LUC3IVEV9YTEZ02Y9LXR/Taxes.jpg Office Acquisition (ARGUS) - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) (Copy) The Tax tab is an input tab that calculates the amount of property tax yearly through the duration of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942274-NPZ8ZATI75PJLQECKXY4/Costar+Exports.jpg Office Acquisition (ARGUS) - Loss to lease (Copy) (Copy) (Copy) (Copy) (Copy) The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620069676561-74LUG8QLCQSGT6HZD1DO/ARGUS.jpg Office Acquisition (ARGUS) - ARGUS Exports (Copy) various reports/schedules exported out of ARGUS and into this Excel financial model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686599488378-7DZ0FJAXX1SMKRT1PH67/sofr.png Office Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png Office Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Office Acquisition (ARGUS) - Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Office Acquisition (ARGUS) - Excel Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Office Acquisition (ARGUS) - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Office Acquisition (ARGUS) - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Office Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Office Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081840478-T9LU5EZGMIYMOGBYTKUD/1.png Office Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081840417-20XS71UL1W4GSBMLL9AV/2.png Office Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081841138-1U0N6MUZTWT7Y0300YPF/3.png Office Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081841470-Z0X3F77VRDUVA1BXMZD9/4.png Office Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081842204-I4MBY0GOY31G60YCFCW1/5.png Office Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807130106-JJG8JT8XVOJVIUU6LQE6/Copy+of+View+Product+Button+%281%29.jpg Office Acquisition (ARGUS) - Office Acquisition Model with ARGUS Office Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807135787-UR3XPE6BCOQV6ESUOHFA/Copy+of+View+Product+Button+%281%29.jpg Office Acquisition (ARGUS) - Office Acquisition Model with ARGUS Office Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807139638-VUXTBES33JMJIU1K8XMK/Copy+of+View+Product+Button+%281%29.jpg Office Acquisition (ARGUS) - Office Acquisition Model with ARGUS Office Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807143447-IZAH882II4FEAX25M7QW/Copy+of+View+Product+Button+%281%29.jpg Office Acquisition (ARGUS) - Office Acquisition Model with ARGUS Office Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081874090-L9VQSSA5RQ9R3N1LL6D8/6.png Office Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081874098-W33R8KJHRTNB8YMG7KFY/7.png Office Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081874874-HI4HS3SMYD0YMZVQSL2U/8.png Office Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081875076-QU5LDR5BQWUX67ECBA3S/9.png Office Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807888271-P26FO4W991S4GQZODSDR/Copy+of+View+Product+Button+%281%29.jpg Office Acquisition (ARGUS) - Office Acquisition Model with ARGUS Office Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807892592-92QTOORIJT9BS9DQYO1U/Copy+of+View+Product+Button+%281%29.jpg Office Acquisition (ARGUS) - Office Acquisition Model with ARGUS Office Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807896666-KP1YOIGE3GKCUYAXU95R/Copy+of+View+Product+Button+%281%29.jpg Office Acquisition (ARGUS) - Office Acquisition Model with ARGUS Office Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807900950-G9CXB1JNW7LDCCLC8JFL/Copy+of+View+Product+Button+%281%29.jpg Office Acquisition (ARGUS) - Office Acquisition Model with ARGUS Office Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081895988-WFZTK8UNE64V88ZXJOE5/1.png Office Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081901703-6GC9XIZQT18RGRJ6OBXM/10.png Office Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081901698-5DECLW44KRH2BQAEJCA9/11.png Office Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081902381-BCA952MKLLP8OUP7UGKM/12.png Office Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081902339-FDT3YVVGVIMM2DSZDV8V/13.png Office Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808107527-HWO8DKS2I6UJ0ILJMFJ7/Copy+of+View+Product+Button+%281%29.jpg Office Acquisition (ARGUS) - Office Acquisition Model with ARGUS Office Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808111412-6PSDWQ65H7EGLEQHT2R7/Copy+of+View+Product+Button+%281%29.jpg Office Acquisition (ARGUS) - Office Acquisition Model with ARGUS Office Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808114879-64TJEFCYOHCXLQ5G4OG9/Copy+of+View+Product+Button+%281%29.jpg Office Acquisition (ARGUS) - Office Acquisition Model with ARGUS Office Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808118796-7A5OVA5GRUI8QGO35FO0/Copy+of+View+Product+Button+%281%29.jpg Office Acquisition (ARGUS) - Office Acquisition Model with ARGUS Office Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081925049-EGNEXKXWS2J4CWRIH59Z/14.png Office Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081925048-2G28OVPEUNODQ3B7SI73/15.png Office Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081925682-MTRTZE7IB9MLQ886W8QX/16.png Office Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726081925754-ET71KIX1RJFUY4BSGTFZ/17.png Office Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808288551-8B53F0YDA0W0P7IYD3O9/Copy+of+View+Product+Button+%281%29.jpg Office Acquisition (ARGUS) - Office Acquisition Model with ARGUS (Copy) Office Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808292308-WR86XHU3GFDEA9GDUE8U/Copy+of+View+Product+Button+%281%29.jpg Office Acquisition (ARGUS) - Office Acquisition Model with ARGUS (Copy) Office Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808296383-DGS0P06I2HJ1HSHHCJ72/Copy+of+View+Product+Button+%281%29.jpg Office Acquisition (ARGUS) - Office Acquisition Model with ARGUS (Copy) Office Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808300228-NJNCPG608KIOTS3YB6HE/Copy+of+View+Product+Button+%281%29.jpg Office Acquisition (ARGUS) - Office Acquisition Model with ARGUS (Copy) Office Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://tsmfinancialmodels.com/home-builder-model daily 0.75 2025-04-03 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1634679968258-PIKRGDCHRAYCJSFRCFMI/Home+Builder+Model Home Builder https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1624994848771-2CRJSTQ2ZU1L0IFOD8UN/Model+Outputs.png Home Builder - Investor Summary The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1624994848019-VW1W7ZE3D9014F3OPXFJ/Model+Outputs+%282%29.png Home Builder https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1624994848422-O4KY5E5H8V4ZPZQQXP97/Model+Outputs+%283%29.png Home Builder https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1624994847978-V7RY9EK1GP9IQ43GL1DI/Assumptions.png Home Builder https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1624994849353-D0KZQQ5U8V6Q5RTVUCDJ/Unit+Mix.png Home Builder https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1624994849148-F47LN9DMFAN1Y5XOTTGF/Unit+Mix+%283%29.png Home Builder https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Home Builder - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Home Builder - Annual Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Home Builder - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686582876965-CEYONYDP1FZI890ZC7VG/sofr.png Home Builder - SOFR The SOFR tab is an input tab and can be updated by downloading the SOFR forward curve, one-month projection. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png Home Builder https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Home Builder - Home Builder Model Real Estate Models Real Estate Financial Modeling Excel Template Real Estate Case Study Real Estate Valuation Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Home Builder - Home Builder Model Real Estate Models Real Estate Financial Modeling Excel Template Iterative Calculations Real Estate Acquisitions https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Home Builder - Home Builder Model Development pro forma templates Real Estate Case Study Real Estate Acquisitions Real Estate Financial Modeling Excel Template https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Home Builder - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) Real Estate Models Real estate financial modeling excel Real estate development pro forma excel Real Estate Development Excel Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Home Builder https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Home Builder https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726084733719-PQFXU64IPS7ABUR7SMXG/25.png Home Builder https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726084733721-VLDU05F2UIKK9DX8XDEV/26.png Home Builder https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726084734439-BJNUUOFYWKA5O1RJVS5R/27.png Home Builder https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726084734638-PQ2Y7Y84V0XSEGBLF6KJ/28.png Home Builder https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808288551-8B53F0YDA0W0P7IYD3O9/Copy+of+View+Product+Button+%281%29.jpg Home Builder - Farm Development Financial Model (Copy) (Copy) Farm Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808292308-WR86XHU3GFDEA9GDUE8U/Copy+of+View+Product+Button+%281%29.jpg Home Builder - Land Development Financial Model (Copy) (Copy) Land Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808296383-DGS0P06I2HJ1HSHHCJ72/Copy+of+View+Product+Button+%281%29.jpg Home Builder - Land Development Financial Model (Copy) (Copy) Land Development Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://tsmfinancialmodels.com/multifamilydevacq-2 daily 0.75 2021-07-07 https://tsmfinancialmodels.com/marina-acquisition-model daily 0.75 2025-04-07 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1627050085810-S0X6O6KISPA535O3MO82/Real+Estate+Marina+Model Marina Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Marina Acquisition - index function (Copy) (Copy) The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Marina Acquisition - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1624310549994-IEUJ4KY6R5FBIMC2N02N/Model+Outputs.png Marina Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1624310573367-T1GTS54LF4LS3FUHVV58/Assumptions.png Marina Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1627051477767-XUYG6I6WXD3RXAFWQ5J9/Fuel+Matrix+copy.png Marina Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1627051399537-HK00QIOIU0ZFDTSDHNK9/Fuel+Matrix.png Marina Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1627051296671-KIXOF0HKDSTMLZV8P83X/Untitled+design.png Marina Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Marina Acquisition - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Marina Acquisition - Annual Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Marina Acquisition - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296943371-35PYJGZ4N2SRIH213W73/Lease+Comps.jpg Marina Acquisition - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Lease Comps tab is an output tab and illustrates basic knowledge of other properties in surrounding areas. This tab acts as a check to see if the rent rates of the project are in line with the surrounding area. If CoStar is not readily available, you can input lease comps into this tab. The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944803-7F60BNJL8767Z8J12DC7/Sale+Comps.jpg Marina Acquisition - Multifamily Acquisition Sale Comps (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Sale Comps tab is an output tab and like the lease comps tab, illustrates basic knowledge of other properties in surrounding areas. If CoStar is not readily available, you can input sale comps into this tab. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686583110908-6QWPTVG6Z8DRL6FMOYSX/sofr.png Marina Acquisition - SOFR The SOFR tab is an input tab and can be updated by downloading the SOFR forward curve, one-month projection. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png Marina Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Marina Acquisition - Marina Model Commercial Real Estate Excel Templates Iterative Calculations Real Estate Financial Modeling Excel Template Real Estate Case Study https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Marina Acquisition - Marina Model Real Estate Models Real Estate Financial Modeling Excel Template Real Estate Case Study https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Marina Acquisition - Marina Model Iterative Calculations Real Estate Models Real Estate Financial Modeling Excel Template https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Marina Acquisition - Marina Model Real estate financial modeling excel Real Estate Acquisitions Commercial Real Estate Excel Templates https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Marina Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Marina Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726092004071-Q016PWO4L6LL9ZN1FC1I/1.png Marina Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726092007365-8E43MUJQGLNSIRED72AH/5.png Marina Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1623885960559-MKY4GZJCGWVUS3OFYL08/Copy+of+View+Product+Button.png Marina Acquisition - Marina Acquisition Financial Model https://tsmfinancialmodels.com/corporate-models daily 0.75 2025-10-02 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/9a0fee87-0630-4c45-9f70-32718c8af052/Corporate.png Corporate Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1627484646238-5A3AEFDRNXWXGO2VXXZD/Fund+Assumptions.png Corporate Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1627484646284-7BY1N19NNHGIIR6WMEE3/Fund+Assumptions+%282%29.png Corporate Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1627484646734-1APU4FEZ15CEV3L1DCG9/Fund+Assumptions+%283%29.png Corporate Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1627484646804-EIP3FTAYAIV5FMXY9P7T/Fund+Assumptions+%284%29.png Corporate Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1627484647228-GGZTO8SHGMXSL982QH7P/Fund+Assumptions+%285%29.png Corporate Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1627484647277-O1L346LOOK8YJ4X3EVIL/Fund+Assumptions+%286%29.png Corporate Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1627485441261-BC0T9GDERROEO4NRO350/Copy+of+Corporate+Website+Icons-3.png Corporate Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1627484647828-KHNA7X286PSQ9L65V5DR/Fund+Assumptions+%288%29.png Corporate Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png Corporate Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Corporate Model - Corporate Model Real estate financial modeling excel Real Estate Models Iterative Calculations Corporate Finance https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Corporate Model - Corporate Model Real Estate Models Real Estate Financial Modeling Excel Template Commercial Real Estate Excel Templates https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Corporate Model - Corporate Model Real Estate Valuation Model Real Estate Acquisitions Real Estate Case Study https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Corporate Model - Corporate Modle Real Estate Case Study Real Estate Valuation Model Real Estate Financial Modeling Excel Template Real Estate Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Corporate Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Corporate Model https://tsmfinancialmodels.com/featured-models daily 0.75 2021-11-19 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/800d4dca-9d99-4a60-a947-f0b0208ebb18/Most+Popular+Models+Banner++%284%29.png Featured Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/86798e18-7a87-4ff7-8c1c-5fa52f962955/Most+Popular+Models+Banner++%285%29.png Featured Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/b0d5e6e2-2d5c-4f1f-94ff-fdcd302db60b/Most+Popular+Models+Banner++%286%29.png Featured Models https://tsmfinancialmodels.com/request-demo daily 0.75 2025-08-21 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/c1ee828d-0c83-405b-9b55-c288cc60fe05/1U8A9916.jpeg Request a demo - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://tsmfinancialmodels.com/404-page daily 0.75 2022-02-11 https://tsmfinancialmodels.com/industrial-acquisition-model daily 0.75 2025-04-07 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/6634d258-1faf-4c47-80fe-2a8f314509f8/Industrial+Acquisition.png Industrial Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Industrial Acquisition (ARGUS) - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Industrial Acquisition (ARGUS) - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620073147149-1I4XAVO0UL4CF7ACDYTZ/Model+Outputs.jpg Industrial Acquisition (ARGUS) - Model Outputs (Copy) used for investor relations reports/packages and includes sources/uses, capital stack, project costs, rent roll, hypothetical investor returns, etc. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620073147114-DO8NR69F1NHKBH497YFY/Assumptions.jpg Industrial Acquisition (ARGUS) - Assumptions (Copy) general, land acquisition, permanent debt and waterfall assumptions. Also includes summary statistics, rent roll, vacancy assumptions, capex assumptions and sensitivity table https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299531249-L2HHHG0GKMP7XWZGCLYX/Renovation+Budget.jpg Industrial Acquisition (ARGUS) - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Renovation Budget tab is an input tab where the interior and exterior costs of a renovation budget can be entered. Timing and duration of the costs can also be entered on this tab. Each specific line item on the renovation budget can be a fixed dollar amount, amount per unit, amount per square foot, or a percentage. This tab in our multifamily acquisition model is used to size debt and equity needs for the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620069677217-S6W1ASMHQDGGS1HLFONJ/Building+Info.jpg Industrial Acquisition (ARGUS) - Building Info (Copy) (Copy) consolidates ARGUS rent roll exports into a pre-formatted presentation rent roll with the ability to consolidate up to 15 individual properties into a portfolio view https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Industrial Acquisition (ARGUS) - Annual Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Industrial Acquisition (ARGUS) - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Industrial Acquisition (ARGUS) - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296943371-35PYJGZ4N2SRIH213W73/Lease+Comps.jpg Industrial Acquisition (ARGUS) - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Lease Comps tab is an output tab and illustrates basic knowledge of other properties in surrounding areas. This tab acts as a check to see if the rent rates of the project are in line with the surrounding area. If CoStar is not readily available, you can input lease comps into this tab. The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944803-7F60BNJL8767Z8J12DC7/Sale+Comps.jpg Industrial Acquisition (ARGUS) - Multifamily Acquisition Sale Comps (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Sale Comps tab is an output tab and like the lease comps tab, illustrates basic knowledge of other properties in surrounding areas. If CoStar is not readily available, you can input sale comps into this tab. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945169-LUC3IVEV9YTEZ02Y9LXR/Taxes.jpg Industrial Acquisition (ARGUS) - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Tax tab is an input tab that calculates the amount of property tax yearly through the duration of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942274-NPZ8ZATI75PJLQECKXY4/Costar+Exports.jpg Industrial Acquisition (ARGUS) - Loss to lease (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620069676561-74LUG8QLCQSGT6HZD1DO/ARGUS.jpg Industrial Acquisition (ARGUS) - ARGUS Exports (Copy) (Copy) various reports/schedules exported out of ARGUS and into this Excel financial model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686599351748-CIY1XMLYWAVMZMMKJ4KW/sofr.png Industrial Acquisition (ARGUS) The SOFR tab is an input tab and can be updated by downloading the SOFR forward curve, one-month projection. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png Industrial Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Industrial Acquisition (ARGUS) - Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Industrial Acquisition (ARGUS) - Excel Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Industrial Acquisition (ARGUS) - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Industrial Acquisition (ARGUS) - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Industrial Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Industrial Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085516506-63ZKVPHWLIF4Q71XWGUP/1.png Industrial Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085516506-SHX0RJMY1Q9C7JVB3GE3/2.png Industrial Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085517432-TDPX9R5I9FB6URAANDFZ/3.png Industrial Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085517386-0MRKRZWXNGZXZ6O95LD0/4.png Industrial Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085518121-A23BF8EHJ9PNG3WGU2U4/5.png Industrial Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807130106-JJG8JT8XVOJVIUU6LQE6/Copy+of+View+Product+Button+%281%29.jpg Industrial Acquisition (ARGUS) - 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Industrial Acquisition Model with ARGUS (Copy) (Copy) Industrial Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085543959-313O2ZOLU6QSDX280EDD/6.png Industrial Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085543962-V3XESTJBZN12V0ZQDVZM/7.png Industrial Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085544633-ZKLUISY2C1KQ5XAJFVG3/8.png Industrial Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085544669-VPSGGXS1JP1PL3TKWV6C/9.png Industrial Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807888271-P26FO4W991S4GQZODSDR/Copy+of+View+Product+Button+%281%29.jpg Industrial Acquisition (ARGUS) - Industrial Acquisition Model with ARGUS (Copy) (Copy) Industrial Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807892592-92QTOORIJT9BS9DQYO1U/Copy+of+View+Product+Button+%281%29.jpg Industrial Acquisition (ARGUS) - Industrial Acquisition Model with ARGUS (Copy) (Copy) Industrial Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807896666-KP1YOIGE3GKCUYAXU95R/Copy+of+View+Product+Button+%281%29.jpg Industrial Acquisition (ARGUS) - Industrial Acquisition Model with ARGUS (Copy) (Copy) Industrial Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807900950-G9CXB1JNW7LDCCLC8JFL/Copy+of+View+Product+Button+%281%29.jpg Industrial Acquisition (ARGUS) - Industrial Acquisition Model with ARGUS (Copy) (Copy) Industrial Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085694360-3X8M3RHWI9IEPDXSK51W/1.png Industrial Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085702978-ZLW9ZNF4CFAJVLMKOF5Y/10.png Industrial Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085702979-XAKSQ1BJ0FG0N2D8UMOL/11.png Industrial Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085703721-IHXBEFZL58S83KWVGULG/12.png Industrial Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085703734-9XUCFKJBAH4UWYTF0F8L/13.png Industrial Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808107527-HWO8DKS2I6UJ0ILJMFJ7/Copy+of+View+Product+Button+%281%29.jpg Industrial Acquisition (ARGUS) - Industrial Acquisition Model with ARGUS (Copy) (Copy) Industrial Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808111412-6PSDWQ65H7EGLEQHT2R7/Copy+of+View+Product+Button+%281%29.jpg Industrial Acquisition (ARGUS) - Industrial Acquisition Model with ARGUS (Copy) (Copy) Industrial Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808114879-64TJEFCYOHCXLQ5G4OG9/Copy+of+View+Product+Button+%281%29.jpg Industrial Acquisition (ARGUS) - Industrial Acquisition Model with ARGUS (Copy) (Copy) Industrial Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808118796-7A5OVA5GRUI8QGO35FO0/Copy+of+View+Product+Button+%281%29.jpg Industrial Acquisition (ARGUS) - Industrial Acquisition Model with ARGUS (Copy) (Copy) Industrial Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085718795-SODYI44PXMLO8F9TYNBX/14.png Industrial Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085718801-KSIK2J0JW3Y5SE5BQUTR/15.png Industrial Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085719451-5TIZTEBOM3O10MUR8U6A/16.png Industrial Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085719490-ZQ1UOYAYTBVBD1HT1Q6B/17.png Industrial Acquisition (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808288551-8B53F0YDA0W0P7IYD3O9/Copy+of+View+Product+Button+%281%29.jpg Industrial Acquisition (ARGUS) - Industrial Acquisition Model with ARGUS (Copy) (Copy) Industrial Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808292308-WR86XHU3GFDEA9GDUE8U/Copy+of+View+Product+Button+%281%29.jpg Industrial Acquisition (ARGUS) - Industrial Acquisition Model with ARGUS (Copy) (Copy) Industrial Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808296383-DGS0P06I2HJ1HSHHCJ72/Copy+of+View+Product+Button+%281%29.jpg Industrial Acquisition (ARGUS) - Industrial Acquisition Model with ARGUS (Copy) (Copy) Industrial Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808300228-NJNCPG608KIOTS3YB6HE/Copy+of+View+Product+Button+%281%29.jpg Industrial Acquisition (ARGUS) - Industrial Acquisition Model with ARGUS (Copy) (Copy) Industrial Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://tsmfinancialmodels.com/industrial-development-model daily 0.75 2025-04-07 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621028443612-ASA4X47LIW5TJ98KE7GT/Industrial+Development.png Industrial Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Industrial Development (ARGUS) - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Industrial Development (ARGUS) - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620073147149-1I4XAVO0UL4CF7ACDYTZ/Model+Outputs.jpg Industrial Development (ARGUS) - Model Outputs (Copy) (Copy) used for investor relations reports/packages and includes sources/uses, capital stack, project costs, rent roll, hypothetical investor returns, etc. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620073147114-DO8NR69F1NHKBH497YFY/Assumptions.jpg Industrial Development (ARGUS) - Assumptions (Copy) (Copy) general, land acquisition, permanent debt and waterfall assumptions. Also includes summary statistics, rent roll, vacancy assumptions, capex assumptions and sensitivity table https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620073861945-P8CG856MMAJAZ93HOMNS/Industrial+Dev+w+ARGUS+Website+Icons.jpg Industrial Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620069677217-S6W1ASMHQDGGS1HLFONJ/Building+Info.jpg Industrial Development (ARGUS) - Building Info (Copy) (Copy) (Copy) consolidates ARGUS rent roll exports into a pre-formatted presentation rent roll with the ability to consolidate up to 15 individual properties into a portfolio view https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Industrial Development (ARGUS) - Annual Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Industrial Development (ARGUS) - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Industrial Development (ARGUS) - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296943371-35PYJGZ4N2SRIH213W73/Lease+Comps.jpg Industrial Development (ARGUS) - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Lease Comps tab is an output tab and illustrates basic knowledge of other properties in surrounding areas. This tab acts as a check to see if the rent rates of the project are in line with the surrounding area. If CoStar is not readily available, you can input lease comps into this tab. The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944803-7F60BNJL8767Z8J12DC7/Sale+Comps.jpg Industrial Development (ARGUS) - Multifamily Acquisition Sale Comps (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Sale Comps tab is an output tab and like the lease comps tab, illustrates basic knowledge of other properties in surrounding areas. If CoStar is not readily available, you can input sale comps into this tab. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945169-LUC3IVEV9YTEZ02Y9LXR/Taxes.jpg Industrial Development (ARGUS) - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Tax tab is an input tab that calculates the amount of property tax yearly through the duration of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942274-NPZ8ZATI75PJLQECKXY4/Costar+Exports.jpg Industrial Development (ARGUS) - Loss to lease (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620069676561-74LUG8QLCQSGT6HZD1DO/ARGUS.jpg Industrial Development (ARGUS) - ARGUS Exports (Copy) (Copy) (Copy) various reports/schedules exported out of ARGUS and into this Excel financial model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686599395727-1KCRQFAJ3OFO8O6GR6DU/sofr.png Industrial Development (ARGUS) The SOFR tab is an input tab and can be updated by downloading the SOFR forward curve, one-month projection. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png Industrial Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Industrial Development (ARGUS) - Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Industrial Development (ARGUS) - Excel Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Industrial Development (ARGUS) - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Industrial Development (ARGUS) - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Industrial Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Industrial Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085248066-YRTXMIUDW4QUKHPHI6M7/1.png Industrial Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085248175-X6YID6TH5WM8E2ZIFQPC/2.png Industrial Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085248755-KFIDE95A5F00ZIX4SJOG/3.png Industrial Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085248875-6TU3OKLFCUOZXIDNMH4V/4.png Industrial Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085249515-Y2ZSIHA7L8T9WPNYMF3F/5.png Industrial Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807130106-JJG8JT8XVOJVIUU6LQE6/Copy+of+View+Product+Button+%281%29.jpg Industrial Development (ARGUS) - Industrial Acquisition Model with ARGUS (Copy) (Copy) (Copy) Industrial Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807135787-UR3XPE6BCOQV6ESUOHFA/Copy+of+View+Product+Button+%281%29.jpg Industrial Development (ARGUS) - Industrial Acquisition Model with ARGUS (Copy) (Copy) (Copy) Industrial Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807139638-VUXTBES33JMJIU1K8XMK/Copy+of+View+Product+Button+%281%29.jpg Industrial Development (ARGUS) - Industrial Acquisition Model with ARGUS (Copy) (Copy) (Copy) Industrial Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807143447-IZAH882II4FEAX25M7QW/Copy+of+View+Product+Button+%281%29.jpg Industrial Development (ARGUS) - Industrial Acquisition Model with ARGUS (Copy) (Copy) (Copy) Industrial Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085272008-BWM3L2ECKU6NI1GLD4SN/6.png Industrial Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085272019-VV2BP5MGSADOGOQ23W5G/7.png Industrial Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085272686-Q670YJXALM4RN3OWR54J/8.png Industrial Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085272707-IHKCQCDN2TSCR1G42G0J/9.png Industrial Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807888271-P26FO4W991S4GQZODSDR/Copy+of+View+Product+Button+%281%29.jpg Industrial Development (ARGUS) - Industrial Acquisition Model with ARGUS (Copy) (Copy) (Copy) Industrial Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807892592-92QTOORIJT9BS9DQYO1U/Copy+of+View+Product+Button+%281%29.jpg Industrial Development (ARGUS) - Industrial Acquisition Model with ARGUS (Copy) (Copy) (Copy) Industrial Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807896666-KP1YOIGE3GKCUYAXU95R/Copy+of+View+Product+Button+%281%29.jpg Industrial Development (ARGUS) - Industrial Acquisition Model with ARGUS (Copy) (Copy) (Copy) Industrial Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619807900950-G9CXB1JNW7LDCCLC8JFL/Copy+of+View+Product+Button+%281%29.jpg Industrial Development (ARGUS) - Industrial Acquisition Model with ARGUS (Copy) (Copy) (Copy) Industrial Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085321135-46HJX8K92UZ47RTJK5OH/1.png Industrial Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085328281-QCE18MQB2Q79A80HQWW5/10.png Industrial Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085328282-H0ECR1YNR8V2WCMFJMJC/11.png Industrial Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085328963-KOE7K7Q67JOKV1L2ELAC/12.png Industrial Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085329042-MEFGOQA4MT1704II3DOW/13.png Industrial Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808107527-HWO8DKS2I6UJ0ILJMFJ7/Copy+of+View+Product+Button+%281%29.jpg Industrial Development (ARGUS) - Industrial Acquisition Model with ARGUS (Copy) (Copy) (Copy) Industrial Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808111412-6PSDWQ65H7EGLEQHT2R7/Copy+of+View+Product+Button+%281%29.jpg Industrial Development (ARGUS) - Industrial Acquisition Model with ARGUS (Copy) (Copy) (Copy) Industrial Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808114879-64TJEFCYOHCXLQ5G4OG9/Copy+of+View+Product+Button+%281%29.jpg Industrial Development (ARGUS) - Industrial Acquisition Model with ARGUS (Copy) (Copy) (Copy) Industrial Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808118796-7A5OVA5GRUI8QGO35FO0/Copy+of+View+Product+Button+%281%29.jpg Industrial Development (ARGUS) - Industrial Acquisition Model with ARGUS (Copy) (Copy) (Copy) Industrial Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085349842-TWKE26EK3IFETY08WLFO/14.png Industrial Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085349844-MX9SPYG85DK4LUE6O60Q/15.png Industrial Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085350609-TAN9QWJ08BX8FGR7C45B/16.png Industrial Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726085350615-ZWW8R878DDJTF10CNTLJ/17.png Industrial Development (ARGUS) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808288551-8B53F0YDA0W0P7IYD3O9/Copy+of+View+Product+Button+%281%29.jpg Industrial Development (ARGUS) - Industrial Acquisition Model with ARGUS (Copy) (Copy) (Copy) Industrial Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808292308-WR86XHU3GFDEA9GDUE8U/Copy+of+View+Product+Button+%281%29.jpg Industrial Development (ARGUS) - Industrial Acquisition Model with ARGUS (Copy) (Copy) (Copy) Industrial Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808296383-DGS0P06I2HJ1HSHHCJ72/Copy+of+View+Product+Button+%281%29.jpg Industrial Development (ARGUS) - Industrial Acquisition Model with ARGUS (Copy) (Copy) (Copy) Industrial Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1619808300228-NJNCPG608KIOTS3YB6HE/Copy+of+View+Product+Button+%281%29.jpg Industrial Development (ARGUS) - Industrial Acquisition Model with ARGUS (Copy) (Copy) (Copy) Industrial Acquisition Financial Model, Real Estate Financial Model, Excel Financial Models, Waterfall Distribution, Financial Modeling, Top Shelf Models https://tsmfinancialmodels.com/single-family daily 0.75 2022-04-06 https://tsmfinancialmodels.com/single-family/bote-single-family-dev monthly 0.5 2025-05-06 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1649260546891-BPVS8RCB5MLJ7EUI4WSV/unsplash-image-jp9JczGYMnY.jpg Single Family - TSM BOTE Model - Single Family Development - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://tsmfinancialmodels.com/bote-multifamily-development daily 0.75 2025-04-03 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/7378fe28-28d2-4d3b-99d0-8f7221c3c786/Multifamily+Development.png BOTE Multifamily Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988228-9919IWDO12VGY8K9L9O5/Model+Outputs.jpg BOTE Multifamily Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg BOTE Multifamily Development - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988211-CZIFN01JLDWR1H4Q8F09/Assumptions.jpg BOTE Multifamily Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg BOTE Multifamily Development - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg BOTE Multifamily Development - Annual Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg BOTE Multifamily Development - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png BOTE Multifamily Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png BOTE Multifamily Development - Multifamily Development (Copy) Real estate development pro forma excel Multifamily development pro forma https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png BOTE Multifamily Development - Multifamily Development Model (Copy) Development pro forma templates https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png BOTE Multifamily Development - Multifamily Financial Model (Copy) Real Estate Valuation Model Real Estate Acquisitions https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png BOTE Multifamily Development - Multifamily Development (Copy) Commercial Real Estate Excel Templates https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg BOTE Multifamily Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg BOTE Multifamily Development https://tsmfinancialmodels.com/bote-multifamily-acquisition daily 0.75 2025-04-03 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/4d49fd7f-0ed5-4f81-99f3-c4a3780ac57e/Multifamily+Acquisition+%281%29.png BOTE Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988228-9919IWDO12VGY8K9L9O5/Model+Outputs.jpg BOTE Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg BOTE Multifamily Acquisition - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988211-CZIFN01JLDWR1H4Q8F09/Assumptions.jpg BOTE Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg BOTE Multifamily Acquisition - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg BOTE Multifamily Acquisition - Annual Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg BOTE Multifamily Acquisition - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png BOTE Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png BOTE Multifamily Acquisition - Multifamily Development (Copy) (Copy) Real estate development pro forma excel Multifamily development pro forma https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png BOTE Multifamily Acquisition - Multifamily Development Model (Copy) (Copy) Development pro forma templates https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png BOTE Multifamily Acquisition - Multifamily Financial Model (Copy) (Copy) Real Estate Valuation Model Real Estate Acquisitions https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png BOTE Multifamily Acquisition - Multifamily Development (Copy) (Copy) Commercial Real Estate Excel Templates https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg BOTE Multifamily Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg BOTE Multifamily Acquisition https://tsmfinancialmodels.com/bote-single-family-development daily 0.75 2025-04-04 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/932e6ad7-b21c-4b9c-9991-10e95caa2e4b/Multifamily+Development+%282%29.png BOTE Single Family Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988211-CZIFN01JLDWR1H4Q8F09/Assumptions.jpg BOTE Single Family Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg BOTE Single Family Development - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg BOTE Single Family Development - Annual Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png BOTE Single Family Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png BOTE Single Family Development - Multifamily Development (Copy) (Copy) Real estate development pro forma excel Multifamily development pro forma https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png BOTE Single Family Development - Multifamily Development Model (Copy) (Copy) Development pro forma templates https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png BOTE Single Family Development - Multifamily Financial Model (Copy) (Copy) Real Estate Valuation Model Real Estate Acquisitions https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png BOTE Single Family Development - Multifamily Development (Copy) (Copy) Commercial Real Estate Excel Templates https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg BOTE Single Family Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg BOTE Single Family Development https://tsmfinancialmodels.com/bote-industrial-development daily 0.75 2025-04-07 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/5e65a7b5-8ca2-4a8f-a5b1-1f382a33a594/Multifamily+Development+%283%29.png BOTE Industrial Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988228-9919IWDO12VGY8K9L9O5/Model+Outputs.jpg BOTE Industrial Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988211-CZIFN01JLDWR1H4Q8F09/Assumptions.jpg BOTE Industrial Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg BOTE Industrial Development - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg BOTE Industrial Development - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png BOTE Industrial Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png BOTE Industrial Development - Multifamily Development (Copy) (Copy) Real estate development pro forma excel Multifamily development pro forma https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png BOTE Industrial Development - Multifamily Development Model (Copy) (Copy) Development pro forma templates https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png BOTE Industrial Development - Multifamily Financial Model (Copy) (Copy) Real Estate Valuation Model Real Estate Acquisitions https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png BOTE Industrial Development - Multifamily Development (Copy) (Copy) Commercial Real Estate Excel Templates https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg BOTE Industrial Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg BOTE Industrial Development https://tsmfinancialmodels.com/request-your-referral daily 0.75 2024-06-04 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/b5553948-d307-4aa2-a0c0-6861e5e88a6e/image-asset.jpg Request your referral code - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://tsmfinancialmodels.com/purchase daily 0.75 2024-04-17 https://tsmfinancialmodels.com/purchase/consultation monthly 0.5 2026-01-15 https://tsmfinancialmodels.com/request-a-demo-thank-you daily 0.75 2025-07-30 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/c1ee828d-0c83-405b-9b55-c288cc60fe05/1U8A9916.jpeg Request a Demo - Thank You - Make it stand out Whatever it is, the way you tell your story online can make all the difference. https://tsmfinancialmodels.com/bote-industrial-acquisition daily 0.75 2025-04-07 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/42accc7e-9e5b-45f5-bfd3-d2382df613d9/Multifamily+Development.png BOTE Industrial Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988228-9919IWDO12VGY8K9L9O5/Model+Outputs.jpg BOTE Industrial Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988211-CZIFN01JLDWR1H4Q8F09/Assumptions.jpg BOTE Industrial Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg BOTE Industrial Acquisition - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg BOTE Industrial Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg BOTE Industrial Acquisition - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png BOTE Industrial Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png BOTE Industrial Acquisition - Multifamily Development (Copy) (Copy) (Copy) Real estate development pro forma excel Multifamily development pro forma https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png BOTE Industrial Acquisition - Multifamily Development Model (Copy) (Copy) (Copy) Development pro forma templates https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png BOTE Industrial Acquisition - Multifamily Financial Model (Copy) (Copy) (Copy) Real Estate Valuation Model Real Estate Acquisitions https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png BOTE Industrial Acquisition - Multifamily Development (Copy) (Copy) (Copy) Commercial Real Estate Excel Templates https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg BOTE Industrial Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg BOTE Industrial Acquisition https://tsmfinancialmodels.com/bote-retail-acquisition daily 0.75 2025-04-03 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/8fe64e09-bad5-4eeb-8995-72823ae39a1d/Copy+of+FINAL+Landing+Page+Product+Banners.png BOTE Retail Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988228-9919IWDO12VGY8K9L9O5/Model+Outputs.jpg BOTE Retail Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988211-CZIFN01JLDWR1H4Q8F09/Assumptions.jpg BOTE Retail Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg BOTE Retail Acquisition - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg BOTE Retail Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg BOTE Retail Acquisition - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png BOTE Retail Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png BOTE Retail Acquisition - Multifamily Development (Copy) (Copy) (Copy) (Copy) Real estate development pro forma excel Multifamily development pro forma https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png BOTE Retail Acquisition - Multifamily Development Model (Copy) (Copy) (Copy) (Copy) Development pro forma templates https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png BOTE Retail Acquisition - Multifamily Financial Model (Copy) (Copy) (Copy) (Copy) Real Estate Valuation Model Real Estate Acquisitions https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png BOTE Retail Acquisition - Multifamily Development (Copy) (Copy) (Copy) (Copy) Commercial Real Estate Excel Templates https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg BOTE Retail Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg BOTE Retail Acquisition https://tsmfinancialmodels.com/bote-retail-development daily 0.75 2025-04-03 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1a68a07f-3dc1-47e6-b727-cb9b30f06aad/Copy+of+FINAL+Landing+Page+Product+Banners+%281%29.png BOTE Retail Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988228-9919IWDO12VGY8K9L9O5/Model+Outputs.jpg BOTE Retail Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988211-CZIFN01JLDWR1H4Q8F09/Assumptions.jpg BOTE Retail Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg BOTE Retail Development - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg BOTE Retail Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg BOTE Retail Development - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png BOTE Retail Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png BOTE Retail Development - Multifamily Development (Copy) (Copy) (Copy) (Copy) (Copy) Real estate development pro forma excel Multifamily development pro forma https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png BOTE Retail Development - Multifamily Development Model (Copy) (Copy) (Copy) (Copy) (Copy) Development pro forma templates https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png BOTE Retail Development - Multifamily Financial Model (Copy) (Copy) (Copy) (Copy) (Copy) Real Estate Valuation Model Real Estate Acquisitions https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png BOTE Retail Development - Multifamily Development (Copy) (Copy) (Copy) (Copy) (Copy) Commercial Real Estate Excel Templates https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg BOTE Retail Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg BOTE Retail Development https://tsmfinancialmodels.com/1-hour-modeling-tsm daily 0.75 2024-09-04 https://tsmfinancialmodels.com/student-housing-development daily 0.75 2025-09-10 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/d733321b-30bc-441e-ac09-dab4bdb93638/TSM+Banners+%281%29.png Student Housing Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Student Housing Development - index function (Copy) The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Student Housing Development - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988228-9919IWDO12VGY8K9L9O5/Model+Outputs.jpg Student Housing Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988211-CZIFN01JLDWR1H4Q8F09/Assumptions.jpg Student Housing Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988898-VOC4HR3NOFQVYRCP4QGD/Unit+Mix.jpg Student Housing Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620151379250-7BS2NGFLT0TWKAYLH8Q6/Renovation+Budget.jpg Student Housing Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Student Housing Development - Annual Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Student Housing Development - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Student Housing Development - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296943371-35PYJGZ4N2SRIH213W73/Lease+Comps.jpg Student Housing Development - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Lease Comps tab is an output tab and illustrates basic knowledge of other properties in surrounding areas. This tab acts as a check to see if the rent rates of the project are in line with the surrounding area. If CoStar is not readily available, you can input lease comps into this tab. The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944803-7F60BNJL8767Z8J12DC7/Sale+Comps.jpg Student Housing Development - Multifamily Acquisition Sale Comps (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Sale Comps tab is an output tab and like the lease comps tab, illustrates basic knowledge of other properties in surrounding areas. If CoStar is not readily available, you can input sale comps into this tab. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945169-LUC3IVEV9YTEZ02Y9LXR/Taxes.jpg Student Housing Development - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Tax tab is an input tab that calculates the amount of property tax yearly through the duration of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942274-NPZ8ZATI75PJLQECKXY4/Costar+Exports.jpg Student Housing Development - Loss to lease (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686583907877-N4M8HDDVBW2C9A5D9HEC/sofr.png Student Housing Development The SOFR tab is an input tab and can be updated by downloading the SOFR forward curve, one-month projection. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png Student Housing Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Student Housing Development - Multifamily Development (Copy) Real estate development pro forma excel Multifamily development pro forma https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Student Housing Development - Multifamily Development Model (Copy) Development pro forma templates https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Student Housing Development - Multifamily Financial Model (Copy) Real Estate Valuation Model Real Estate Acquisitions https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Student Housing Development - Multifamily Development (Copy) Commercial Real Estate Excel Templates https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Student Housing Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Student Housing Development https://tsmfinancialmodels.com/hypothetical-fund-model daily 0.75 2025-04-03 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/376fe1f3-6221-4dfc-a218-c45a5db9aa87/FUND+MODEL Hypothetical Fund Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988211-CZIFN01JLDWR1H4Q8F09/Assumptions.jpg Hypothetical Fund Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Hypothetical Fund Model - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Hypothetical Fund Model - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988228-9919IWDO12VGY8K9L9O5/Model+Outputs.jpg Hypothetical Fund Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png Hypothetical Fund Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Hypothetical Fund Model - Multifamily Development (Copy) (Copy) (Copy) Real estate development pro forma excel Multifamily development pro forma https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Hypothetical Fund Model - Multifamily Development Model (Copy) (Copy) (Copy) Development pro forma templates https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Hypothetical Fund Model - Multifamily Financial Model (Copy) (Copy) (Copy) Real Estate Valuation Model Real Estate Acquisitions https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Hypothetical Fund Model - Multifamily Development (Copy) (Copy) (Copy) Commercial Real Estate Excel Templates https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Hypothetical Fund Model https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Hypothetical Fund Model https://tsmfinancialmodels.com/hypothetical-fund-model-1 daily 0.75 2025-03-26 https://tsmfinancialmodels.com/hypothetical-fund-model-1/hypothetical-fund-model monthly 0.5 2025-05-13 https://tsmfinancialmodels.com/renewable-energy daily 0.75 2025-06-09 https://tsmfinancialmodels.com/renewable-energy/renewable-energy-model monthly 0.5 2025-06-12 https://tsmfinancialmodels.com/student-housing-dev daily 0.75 2025-06-18 https://tsmfinancialmodels.com/student-housing-dev/student-housing-development-model monthly 0.5 2026-02-19 https://tsmfinancialmodels.com/student-housing-acq daily 0.75 2025-06-18 https://tsmfinancialmodels.com/student-housing-acq/student-housing-acquisition-model monthly 0.5 2025-07-28 https://tsmfinancialmodels.com/renewable-energy-development daily 0.75 2025-08-21 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/8fd74220-a905-41f7-80c0-ee7ffecd3bd2/Renewable+Energy+Development Renewable Energy Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Renewable Energy Development - index function (Copy) (Copy) The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Renewable Energy Development - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1624310549994-IEUJ4KY6R5FBIMC2N02N/Model+Outputs.png Renewable Energy Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1624310573367-T1GTS54LF4LS3FUHVV58/Assumptions.png Renewable Energy Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620158104317-7LADA21755LFXND7DQO6/Unit+Mix+%282%29.jpg Renewable Energy Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945169-LUC3IVEV9YTEZ02Y9LXR/Taxes.jpg Renewable Energy Development - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Tax tab is an input tab that calculates the amount of property tax yearly through the duration of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Renewable Energy Development - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Renewable Energy Development - Annual Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Renewable Energy Development - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686602250476-V4APITGUYABG42YFX0QI/sofr.png Renewable Energy Development The SOFR tab is an input tab and can be updated by downloading the SOFR forward curve, one-month projection. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621014092239-AAIML1NN91SOCMJCPPG3/TSA+Side+Banner.png Renewable Energy Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Renewable Energy Development - Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Renewable Energy Development - Excel Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Renewable Energy Development - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Renewable Energy Development - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Renewable Energy Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Renewable Energy Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726069601593-LOF5GG66JC64VDPHI284/1.png Renewable Energy Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1726069610166-7MSB3I57GMC6C2GKW213/5.png Renewable Energy Development https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1623885960559-MKY4GZJCGWVUS3OFYL08/Copy+of+View+Product+Button.png Renewable Energy Development - Data Center Development Model (Copy) https://tsmfinancialmodels.com/student-housing daily 0.75 2025-06-18 https://tsmfinancialmodels.com/student-housing-acquisition daily 0.75 2025-09-10 https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/f37fabf2-563f-4524-a029-73c8f0563d80/TSM+Banners.png Student Housing Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942861-OIEU3BEGOE6ST15FKZ7D/Investor+Summary.jpg Student Housing Acquisition - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) The Investor Summary tab on our multifamily acquisition model is an output tab completely driven by the cashflows of the model and will update automatically as new information is entered into the model. The tab presents general deal information such as location, number of units, etc. as well as deal returns (unlevered and levered summary). In addition, it is designed to be printed and handed to investors or used internally. Simply replace the Top Shelf Models logo at the top of the page with your own logo. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942365-KPGD7B50985O3KEHNSE7/Error+Check.jpg Student Housing Acquisition - real estate financial modeling (Copy) (Copy) (Copy) (Copy) (Copy) The Error Check tab is an output tab and is used as a quick way to see if there is an issue within the multifamily acquisition model. The green checks indicate that nothing is awry, while red X’s mean that something is incorrect and should be given a second look. Although the tab contains many checks, it should not be looked at as a guarantee that everything within the model is correct. This tab was designed to make sure that all the numbers tie out on a tab by tab basis. This tab does not check the quality of the assumptions entered in the model. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988228-9919IWDO12VGY8K9L9O5/Model+Outputs.jpg Student Housing Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988211-CZIFN01JLDWR1H4Q8F09/Assumptions.jpg Student Housing Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988898-VOC4HR3NOFQVYRCP4QGD/Unit+Mix.jpg Student Housing Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1620149988833-1KTWZK9YVNJJ3JMIXRWC/Renovation+Budget.jpg Student Housing Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296941642-UQU5WYNGA3YAOFYUU19Y/Annual+Cashflow.jpg Student Housing Acquisition - Annual Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) The Annual CF tab is an output tab that is driven entirely by the monthly cashflow tab. Annual cashflows provide a quick snapshot or overview of the project on a yearly basis. By converting monthly to annual cashflows, less space is taken up on a sheet providing a much clearer picture of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944095-PVRJKIO6529UK616RKBO/Monthly+Cashflow.jpg Student Housing Acquisition - Monthly Cashflow (Copy) (Copy) (Copy) (Copy) (Copy) The Monthly CF tab is an output tab and is divided into two main sections. The first section is the The Unlevered section which includes effective gross income, expenses, Loss to Lease, NOI, construction costs, and sale proceeds of the project. The Unlevered section includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The second section is the Levered section and includes all debt and financing fees plus the cashflows from the Unlevered section. The Levered section also includes its own deal returns summary (IRR, multiple, peak capital, and net profit). The Monthly CF tab takes all the information from the assumptions, unit mix and construction budget tab and rolls them up here. Beneath the Levered Cashflow section are the loan funding and amortization schedules. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945708-L27K6X2XR63PHZRN32LT/Waterfall.jpg Student Housing Acquisition - Waterfall Distributions (Copy) (Copy) (Copy) (Copy) (Copy) The Waterfall tab is an output tab that shows returns for the Limited Partner and General Partner. The top row of the waterfall tab are the levered cashflows from the Monthly CF tab. This multifamily acquisition model is designed to call all capital for the project up front rather than on a month by month basis. This waterfall is an IRR based waterfall and can be manipulated to operate on a true promote basis or on a percentage of cashflow basis via a drop-down box located on the assumptions tab. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296943371-35PYJGZ4N2SRIH213W73/Lease+Comps.jpg Student Housing Acquisition - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) (Copy) The Lease Comps tab is an output tab and illustrates basic knowledge of other properties in surrounding areas. This tab acts as a check to see if the rent rates of the project are in line with the surrounding area. If CoStar is not readily available, you can input lease comps into this tab. The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296944803-7F60BNJL8767Z8J12DC7/Sale+Comps.jpg Student Housing Acquisition - Multifamily Acquisition Sale Comps (Copy) (Copy) (Copy) (Copy) (Copy) The Sale Comps tab is an output tab and like the lease comps tab, illustrates basic knowledge of other properties in surrounding areas. If CoStar is not readily available, you can input sale comps into this tab. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296945169-LUC3IVEV9YTEZ02Y9LXR/Taxes.jpg Student Housing Acquisition - Multifamily Acquisition Model (Copy) (Copy) (Copy) (Copy) (Copy) The Tax tab is an input tab that calculates the amount of property tax yearly through the duration of the project. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617296942274-NPZ8ZATI75PJLQECKXY4/Costar+Exports.jpg Student Housing Acquisition - Loss to lease (Copy) (Copy) (Copy) (Copy) (Copy) The Lease Comps – CoStar tab is an input tab. This tab is a Lease Comp excel file that can be exported directly from CoStar. The Sale Comps – CoStar tab is an input tab. This tab is a Sales Comp excel file that can be exported directly from CoStar. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1686600071084-BM3SQVQX46A32R550XWE/sofr.png Student Housing Acquisition The SOFR tab is an input tab and can be updated by downloading the SOFR forward curve, one-month projection. https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1621010835099-M5MZCMURPE2RQN0MS1DD/TSA+Side+Banner.png Student Housing Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708397-PQC0SFBWHWAMGURMUR7K/Screen+Shot+2021-03-26+at+12.35.02+PM.png Student Housing Acquisition - Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706669-EVBH4KFZPNCLUILSFTTN/Screen+Shot+2021-03-26+at+12.30.35+PM.png Student Housing Acquisition - Excel Financial Modeling (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299706732-6K4LG02KKAIP2DGXYTOK/Screen+Shot+2021-03-26+at+12.31.02+PM.png Student Housing Acquisition - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1617299708338-AQAZAT9M49TNZZ2WICSJ/Screen+Shot+2021-03-26+at+12.33.09+PM.png Student Housing Acquisition - Real Estate Financial Models (Copy) (Copy) (Copy) (Copy) (Copy) https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/1616602070186-P52NFAMEDZ14ZNS6L8O3/unsplash-image-ez8VC2Hzd84.jpg Student Housing Acquisition https://images.squarespace-cdn.com/content/v1/5c34d71cc3c16a924fbf8769/ff342240-daf1-4233-be91-5e1414e831d4/1U8A9458.jpg Student Housing Acquisition