Booking options
£1,750
£1,750
Get a 10% discount on your first order when you use this promo code at checkout: MAY24BAN3X
Delivered In-Person
Intermediate level
Real Estate Development cash flows require greater skill and flexibility from Analysts, and an ability to work with simultaneously with project partners. Value add and opportunistic property investments are complex both in their initial scope and their cash flow projections.
This course will show delegates how to appraise projects in Excel, incorporate and communicate updates as they happen and ultimately understand how to convert an opportunistic property investment into a core asset that can be sold on.
Residual models (profit & site) are demonstrated first to illustrate the main components of any scheme and the traditional methods of evaluation such as profit on cost ratio, rental yield and interest cover. Development cash flows are then constructed in detail looking in particular at phased income as well as fixed, variable and incidental construction costs and their impact on the net cash flow. Additional performance metrics are calculated including geared IRR and return on equity.
Development financing can be trickier than straightforward senior debt investment financing. This is because finance is often required in stages. The brought forward carried forward method demonstrated on the course, is the easiest way to deal with programmed debt drawdown functions and rolled-up interest.
The assessment of project specific risk is arguably much more important in development schemes. Sensitivity analysis and scenario analysis are covered in the final section of the course.
On this course you will…
Who will benefit from this course?
Course Outline
Day One
Learn how to build a discounted cash flow, analyse returns and understand the components of development models
Day Two
Learn how to build a detailed property development project cash flow, add financing and perform risk analysis on commercial development projects
Included in the Course
For more information about the Real Estate Developer such as course delivery methods, pricing and dates, please contact Sam on the Bayfield Training Sales team:
E - s.musgrave@bayfieldtraining.com
T - 01223 517851
£1,750
£1,750
£1,750
For the past 25 years, Bayfield has been at the forefront of bridging the gap between academic training and professional development in the...