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Construction Draw Schedule: Accounting For True LTC

Mitigating A Common and Potentially Costly Error During Development Underwriting When lenders provide debt for a development project, they lend based on a Loan-to-Cost ratio (LTC), which is simply the percent of the total budget the lender…
rendering of a new, two-story, single-family home included in an Excel pro forma
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Single Family Home Construction Pro Forma for Home Builders

I received a request this week to build a model to assess the financial feasibility of building a new single-family home. Given that I wanted to get a model up before the New Year and that I have a number of single-family home building models…
land being analyzed in a land development pro forma
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Residential Land Development Pro forma

As many of you know, I started my career in residential land development first as a broker and later as a principal. During that time I built my fair share of residential land development Excel pro formas, modeling returns and forecasting cash…