Model template: the engine's reference sample, a different deal
SampleEvery input to the standardized model: what it is, what it is set to, and where it came from. Change one and the results recompute.
The engine's reference sample, a different deal: 300 units in Minneapolis, not the St. Louis Park worked example. Its figures do not match Underwrite or the deal page.
-20 bp
Development spread
150 bp is the usual bar
7.14%
Investor return
1.45x multiple
$70.4M
Total project cost
$234,515 per unit
$17.3M
Equity to raise
peak $23.7M
5.05%
Untrended yield on cost
against a 5.25% cap
0.22x
Minimum coverage
in month 25
month 31
Stabilizes
10 months after delivery
- Inputs
- 72
- across 7 tabs
- With a source
- 0
- 72 without a source
- Tabs fully sourced
- 0 of 7
Why every input needs a source
A number with no source is not an assumption, it is a guess wearing one. A deal cannot publish on an unsourced input that feeds a headline figure.
Project
5 inputs in 1 section
The project
Every edit reruns 360 months of cash flow, the capital stack solve, the lease-up cohorts and every waterfall, in the browser. Nothing is saved and nothing leaves this page: the download is written from what is on screen.