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Development
Real Estate Financial Modeling / Development / Page 3

The Real Estate Development Process – Stage 1 of 4: Pursuit/Site Control, Part 3 – Land Purchase Negotiation, Purchase and Sale Agreement Drafting and Final Due Diligence

This is the third in a series of posts that describe the stages and activities in the real estate development process. We are writing this series through the lens of doing... read more →
  • December 15, 2013
  • Bruce Kirsch, REFAI®

The Real Estate Development Process – Stage 1 of 4: Pursuit/Site Control, Part 2 – Preliminary Due Diligence and Letter of Intent

This is the second in a series of posts that describe the stages and activities in the real estate development process. We are writing this series through the lens of doing... read more →
  • November 17, 2013
  • Bruce Kirsch, REFAI®

The Real Estate Development Process – Stage 1 of 4: Pursuit/Site Control, Part 1 – Visioning and Land Valuation

This is the first in a series of posts that describe the stages and activities in the real estate development process. We are writing this series through the lens of... read more →
  • November 3, 2013
  • Bruce Kirsch, REFAI®

How To Model An Equity IRR-based Profit-Sharing “Kicker” – FREE Excel file and Video Tutorial

Problem: A land seller for condominiums or detached houses wants you to sweeten your up-front cash offer for the site by allowing him to also partake in a certain percentage of... read more →
  • July 29, 2013
  • Bruce Kirsch, REFAI®

Video: Time Lapse Construction of Skanska’s 3009 Post Oak Office Building In Houston

The financial analysis of this transaction was supported by a custom REFM Excel Model Template.
  • May 4, 2013
  • Bruce Kirsch, REFAI®

Our Newest Model, Apt. vs. Condo. Development Analysis ($249.00), Free With Any Purchase Through Thursday 5/2!

For a limited time, you can get our newest model, which compares the relative value in developing an apartment building vs. a condominium building, for FREE with any purchase on... read more →
  • April 25, 2013
  • Bruce Kirsch, REFAI®

Avoiding Circular References When Modeling Real Estate Development Transactions

Modeling development transactions can be tricky if you want to avoid allowing circular references in your spreadsheets. Circular references can distort your calculations dangerously in that they mislead your expectations... read more →
  • April 13, 2013
  • Bruce Kirsch, REFAI®

In Plain English: How Commercial Real Estate Development Senior Construction Loans Work

There is something of a mystery surrounding the mechanics of Senior Construction Loans. Here's our plain-English attempt to provide better clarity:  1. The Senior Construction Loan is not drawn down... read more →
  • November 4, 2012
  • Bruce Kirsch, REFAI®

Why We Carry Contingency Budgets In Our Pro-Formas…

We carry contingency because of the Hurricane Sandys and all of the other things that "would never happen to our project". I hope for everyone's sake that this gets resolved... read more →
  • October 29, 2012
  • Bruce Kirsch, REFAI®

Webinar Replay and Slides: How Real Estate Developers Price The Dirt: Residual Land Valuation and Comparables

Thank you to all who joined us yesterday! Below are the video, Excel and slides. Description In this free 40-minute session, we answer the question: how does a real estate... read more →
  • March 6, 2012
  • Bruce Kirsch, REFAI®
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