San Francisco, California
London, United Kingdom
Learn how to model Real Estate Development Projects in Excel
This 100% hands on course shows you how to ‘run the financials’ on a development project using Excel. On this course you will build a costs orientated cash flow from scratch with phased sales income then calculate the IRR, NPV and Equity Profit Multiple. You will also learn how these and other metrics can be used together and how they can sometimes produce spurious results. The course will also show you how to construct, optimise and understand the unique features of development finance as well as how to calculate and interpret project and financial risk.
Ideal for property developers, lenders, analysts and consultants.
1. Comprehensive course material 2. All Excel models used 3. Two months post course support.
DAY ONE - Learn how to build a detailed property development project cash flow
Introduction to Excel
Annual discounted cash flow modelling
Cash flow input selection
Analysis & use of date series
Internal Rate of Return (IRR) and Net Present Value (NPV)
Comparing Value, price and worth
Quarterly cash flow modelling
Borrowing and analysing feared returns
Introducing events into cashflows
Logic functions(IF, OR, AND)
Analysing the IRR for errors (Data tables, Charting)
Introduction to the Development model
Development cash flows versus Investment cash flows
DAY TWO - Learn how to add financing to and perform risk analysis on development projects
Purchase price and acquisition costs
Phased Sales, marketing and disposal costs
Fixed construction costs, variable and incidental costs, construction fees
Income and expenditure project functions
Logic functions, logic tables and array formulae
Multiple IRRs, competing projects, scoping and linear programming, maximum performance
Equity profit ratio (EPR), Costs paid out of proceeds (POP), Profit on cost ratio (PCR)
Alternative site calculation, Net present value (NPV), Target equity profit ratio (EPR)
Debt Finance, LTV, Interest cover and front fees
Debt scheduling: brought forward and carried forward method
Random variables, input distributions and simulation modelling
When & Where
Bayfield Training Ltd
Leaders in Real Estate Executive Education, Est. 1998.
We can provide all of our courses not only publically, but In-House and 121 as well. Prices may vary.
Terms & Conditions
Cancellations - The course fee is non-refundable. 100% of the course fee is due if cancelled within 10 working days prior to the start of the course.