FAQs

Example Concepts

Underwriting financial models

  • Financial statements (Rent Roll/Income Statement/Balance Sheet), key metrics, sensitivity analysis, scenario analysis, refinance/sale assumptions

Proforma & Valuation

  • Cap rates, DCF model, key assumptions (market growth, leasing, vacancy, etc), other value drivers, banker/broker materials (OM/BOV)

Deal Profiles & Business Plans

  • Acquisitions vs development, risk profiles (Core/Core+/Value Add/Opportunistic), example business plans (stabilized repositioning, redevelopment, re-leasing, mark to market, etc), cap Ex budget, the deal process

Equity

  • Joint venture structures and waterfall modeling, promote, preferred return, preferred equity, performance metrics (IRR/MOIC/Cash Yields), key clauses

Debt

  • Leverage ratios, Senior secured vs. mezz, key underwriting metrics (DSCR/Debt Yield/LTC/LTV), amortization tables, floating vs fixed rate, etc.

CRE Markets

  • Capital markets, key players, career path silos

Product type nuances

  • Office, retail, multifamily, industrial, self storage, student housing, hotels, manufactured, etc.

Excel and ARGUS

  • What ARGUS is and how it’s used professionally (hint: don’t need the certification!)

  • Excel best practices and key formulas

Who is this service for?

While this is geared towards current undergraduate or graduate students, it is open to anyone seeking to learn more about commercial real estate finance and investment concepts.

Who are the tutors?

As we maintain a strict privacy policy for our clients, we also remain anonymous ourselves online. We are experienced, full-time investment professionals at institutional real estate private equity firms, investment mangers, and developers.

How does billing work?

Depends upon the service package. The introductory call where we introduce ourselves and learn more about each new prospective client is free. If the prospective client elects to hire us, we require a 20% down payment upfront, and the remaining balance upon completion.