THE COURSE PRO FORMA

"Form Ever Follows Function" - Louis Sullivan 1896

The Course Pro Forma teaches and leads you through the development process 

Its Function is to facilitate Literacy in the with the least time, effort and pain.

Its Form is structured to teach language & metrics and allow the User to learn as they work with the Pro Forma and gain the ability to determine & underwrite a CRE project.

Development Pro Forma Workbook Highlights

• 125 named cells which are used to illustrate metric functions For Example: To determine capitalized value Instead of seeing =D14/C8 in the formula bar, you see Capitalized Value = Net Operating Income/Exit Cap Rate
• Performance Panels report Year 1, Holding Period, Cost & Capital Stack
• Key Variables Report Impact, Sensitivity, Feasibility & Risk Exposure
• 45 Key Variables drive an Excel Workbook composed of 10 Worksheets
• Each Worksheet is designed to follow the Development Process 
• The Pro Forma can be used to conduct "Back of the Envelope" primary analysis as well as a long-term tool to fully execute a ground-up development project
• The Workbook includes detailed Worksheets for Operating Expenses, Unit Mix, Preconstruction Schedule & Budget, Construction Period Cash Flow, Rent Up, Construction Cost Detail & Hard Cost Comps
• The Pro Forma is designed to be able to "play" with variables and tune the deal under analysis while staying "real" with assumed data inputs For Example: Cost, Rental Income and Operating Expenses need to meet certain debt assumptions such Loan to Cost/Value, Rate and Term and Debt Service Coverage Ratios
• The more foreign the above terminology and metrics are to you, the more beneficial this Course will be to you

Click Here To See The Pro Forma Recap