Name: Real Estate Financial Modeling
Rating: 4.85 (115 reviews)

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Overview

Recommended Prep Courses

These preparatory courses are optional, but we recommend you to complete the stated prep course(s) or possess the equivalent knowledge prior to enrolling in this course:

Real Estate Financial Modeling (REFM) Course Overview

Build a dynamic Real Estate Financial model to evaluate the investment return profile of a development project in Excel. This Excel-based real estate financial modeling course is designed for development professionals, lending/banking analysts, surveyors, and anyone interested in mastering the art of building real estate development models from scratch.

Real Estate Financial modeling Course Overview

In this real estate modeling course, you will learn step-by-step how to build a dynamic a financial model that incorporates sensitivity analysis of development costs, sales prices, and other aspects of development.

Who should take this course?

This real estate development financial modeling in Excel course is designed for anyone who is seeking to develop intermediate to advanced financial modeling skills and become an expert financial modeling for real estate development.

Cap rate and NOI

financial modeling real estate excel

Real Estate Financial Modeling Learning Content

Real estate industry Overview
Calculate Cap Rate and Net Operating Income (NOI)
Build an interactive financial model to assess a project’s financial viability
Understand how to project real estate financing (both debt and equity) flow in and out depending on stage of development
Design and structure of an Excel-based project finance model
Modeling cash flows for a real estate development project
Build in “triggers” and sensitivities to understand a project’s exposure to key drivers
Develop ownership and financial structures (debt & equity)
Calculate Internal Rate of Return (IRR), Return on Sales, Return on Cost
Joint Venture (JV structures)
Cash flow waterfalls (3 tier cash flow waterfall)
Promotes and disproportionate returns
Produce a one-page investment summary memo
Includes blank and completed financial models to download
Certificate of completion

For further CPE information, please read before purchasing:

https://corporatefinanceinstitute.com/about/cpe-information/

Real Estate Financial Model

Real Estate Financial modeling Class in Excel

JV and Cash Flow Waterfall

Real Estate financial modeling cash flow waterfall

Real Estate Financial Modeling

Led by Tim Vipond

Get Started

Level 5

Approx 6.5h to complete

100% online and self-paced

Subscribe to get access to FMVA and other programs

From $497/year

Learn More

What you'll learn

Lesson

Multimedia

Exams

Files

Introduction

Welcome Draft

Course introduction Free Preview

Download Excel templates

Instructor biography Draft

Course objectives Free Preview

Terms and definitions

Development timeline Free Preview

Project finance vs corporate finance Free Preview

Capital stack for project finance Free Preview

Financial modeling best practices Free Preview

Cap Rates and NOI

Session objectives

Session objectives Draft

Overview of cap rates and net operating income (NOI)

Completing assumptions

Download completed cap rate and NOI model

Land Loans and Construction Loans

Land loan

Land loan case study - assignment

Funding construction loan

Real Estate Development Model

Development model overview

Assumptions overview

Assumptions raw data

Schedule and property stats

Development costs

Sales assumptions

Financing assumptions

Costs to fund and proceeds to repay capital

Loans and financing

Debt schedule

Check debt schedule

Levered free cash flow and IRR

Joint Ventures & Cash Flow Waterfalls

Session objectives

Session objectives Draft

Joint ventures (JVs)

Disproportionate returns

Waterfall logic and structure

Setting up the JV structure in the model

Modeling equity contributions

Waterfall modeling - tier 1

Waterfall modeling - tier 2

Waterfall modeling - tier 3

Summary of distributions and cash flow

IRR & NPV by investor type

IRR scenarios

Financial Analysis Output

Overview

Overview Draft

Page setup

Development pro forma

Profit outputs

Setup for sensitivity analysis

Sensitivity analysis

Final Product

Download completed Excel model

Financial model review Draft

Summary

Qualified Assessment

Qualified assessment

Become a certified Financial Modeling & Valuation Analyst (FMVA)® Certification

Real Estate Financial Modeling is part of the Financial Modeling & Valuation Analyst (FMVA)® certification, which includes 38 courses.

Financial Modeling & Valuation Analyst (FMVA)® Certification

Skills learned Financial modeling and valuation, sensitivity analysis, strategy
Career prep Investment banking and equity research, FP&A, corporate development

Learn more

Path to certification

Prerequisite courses

7 courses from beginner to intermediate level.

01 Optional

Core courses

12 courses from beginner to intermediate level.

02 Required

Elective courses

18 courses at an advanced level.

03 Required

Get Certified

Submit your FMVA® checklist and order your certificate.

04 Required

Join our community

Get access to the Global Corporate Finance Society.

05 Optional

How the certification works

FMVA® Financial Analyst Certification courses are offered 100% online, allowing you the flexibility to start the financial analyst program anytime and learn when it’s most convenient for you.

The program is a part of the All Access Subscription, which includes all programs and courses.

CFI courses are designed by instructors with over 21 years of financial analyst training experience.

Students must complete all core and elective courses (14 in total) and demonstrate mastery of the topics through successful completion of course materials, quizzes, and assessments.

Within 48 hours of program completion, your Blockchain Verified FMVA Certification will be emailed to you.

What our students say

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Shoabbos Rakhimov

Real Estate Financial Modeling
Best course

Joseph Barasa

Interesting
The perspective of the course was quite interesting and challenging.

CPA Ishmael Opande

k
k

Roshan Jha

good experience
well explained

Abdellah Benmekhlouf

.
.

Connor Smith

Great course
Keep going

Pascal Tran

Good Course
Good Course

Ricardo Hullinghorst

xxx
xxx

ashley bayliss

Great course
Great Course

YIKUN ZHANG

Good
Good

Francisco Montalvo

.
.

Luis Del Moral

It was a great experience
This course help to improve your modeling skils in all abput Real state modeling

Gabriela González

Exhilarating!
Loved every bit of it with the profound knowledge and depth!

Kennedy Simiyu

NA
NA

Kelvin Yau Chuan Wei

ok
ok

Szymon Subkowski

Great course
Very practical and useful

Bruno Morgado

Excellent course
This real estate financial model is a must have for every financial analyst working in this particular sector. Thank you CFI team!!!

khaled younes

Amazing course
I gained so much value from this course. The cashflow waterfall was an eye opener.

Rodger Williams

I AM A SPECIALIST
THANK YOU

Zanele Stokwe

The Cash Flow Waterfall!
Amazing how the cash flow waterfall works. Insightful. Thank you CFI for this skill set.

Peter Charway

Great
Very realistic case study. Enjoyed the modelling.

Christopher Collo

-
-

Galyna Bozhok

Good
Not bad

Asmaa Almazrou

grate.
excellent

Othman Al-Garawi

Good
Good

Bridge Taylor

Good
It was a great content.

Neeraj Kumar Mishra

Challenging!!!
Great and very detailed content

Nonhlanhla Mayisela

.
.

Siddharth Jadhav

good
job

Nikola Tsirkov

good
good

Mahmoud Ali Sulieman Mustafa

N/A
N/A

Avaughn Prendergast

good
good

Sheetal Ahuja

Real Estate Financial Modeling
Pay attention and you will learn a lot.

Marie Hannellie Mendoza

Highly satisfactory
Instructions clear and interesting

Kwong Chi Chung

Strong Content Throughout
Each class is rich in content that is completely transferrable to real world usage and real world models

Dan McKaige

Amazing
This is a very rich course particularly for finance professionals in Real estate and Construction

Uyi Ojeabulu

NA
NA

Mohammad Aslam

Excellent course
Solid theory and case studies that provide an understanding of the real estate industry

Rodrigo Andres Ponce Roman

well deserved
tough, pass rate should be 70%.

Nino Meparishvili

IMPRESSIVE
NICE COURSE FOR ANYONE WANT TO UNDERSTAND REAL ESTATE SECTOR FROM A FINANCIAL VIEW

Hossam ElDin Hammad

It was a very informative and well explained chapter
I would also suggest enabling subtitles to all the videos as for some they were not available.

Prajnesh Shetty

Real Estate
good

Abdullah Alsardi

Great experience
Practical, simple and easy to follow

Sherryel Tseladikae

This course is great for Real Estate Development
This course is great for Real Estate Development, it would be better to add some real estate investment (value-add or core) model to this class, for example holding 5 yrs or 10 yrs sale the property and etc.

Qi Shan

N/A
N/A

Danny Lile III

Excellent experience to know a new thing about real estate
.

ABDULMAJED ALOSHISH

good
good

Kyle McKechnie

excellent
real estate modelling course is very challenging, if not experienced with fin modelling, but you learn a lot! thanks to CFI!

Conor Lynch

Everything clearly explained
Lost of details. Important notes

Mahammad Babayev

Real Estate Financial Modeling
Excellent

Edo Dvizac

Excel Review
Great course for those who are looking for insight on how the numbers come together for real estate investments. Development worksheet is awesome.

Ken Creighton

A lot of thanks
Thank you for a great course, full of content and really helpful, practical and actionable tips... you are an excellent presenter and enthusiast for the subject.

Eid A.Mordy Moawad Mostafa

Great
Great

Dharmesh Kumar Ahlawat

Very interesting and useful
It was a very useful and interesting lesson and I would recommend it to anyone interested in this field

Ashraf Ibrahim

Definetely worth the price.
Definitively worth the price, allows to switch between different cost scenarios and reward options for the partners involved.

Rodrigo Pineda

Excellent!
This course was particularly interesting. I enjoyed it tremendously!

KEITH SPENCER

Excelent course!
Excelent course!!. Thanks.

Pablo Mussio

Sophisticated modeling
It’s sophisticated modeling and it teaches advanced excel formulas that you can only write after understanding the development stage whilst considering all factors.

Umar Kibirango

Below Expectation
Wrong assumptions/answers to qualified assessment.

Elie Hannoun

real estate modelling
pretty indepth with a number of excel formulas and informative

Nigel Minezes

Exciting and Informative Course!
The course was very exciting. I enjoyed every bit of it. I have not only gained an understanding of how real estate development project works, but I have also learned about how to model and value real estate development projects. Above all, I have learned how to build really dynamic models that are sensitive to time periods which has already helped me in a model I'm currently building.

Daniel Mensah

Real Estate Financial Mondeling
The Real Estate Financial Modeling course is presented by technical experts in a way that is easy to follow and understand. The course clearly lays out critical inputs and assumptions needed to create a solid model.

Paul Henderson

A must-have course for everyone
This course is centered around building a model for a real estate development, but really should be taken by anyone, regardless of their interest in the real estate sector. The course introduces new concepts such as project finance, joint ventures and financial waterfalls, which help to broaden your scope and gives additional practice in complex model-building. Highly recommended!

Dans Jurcāns

Real Estate Financial Modeling
CFI has demonstrated that is the best Online courses in the world. As expected this course was amazing, I highly recommend this course and any other on this platform.

Fernando Mora

You should improve the content.
You should add more case studies in order to better understand the topic.

Cihan Aktaş

Very good
good

Pinto Quizanga

Delivery as usual was very engaging and easy to assimilate
Great

Elizabeth Sagay

Good Class for people who are working.
Good practicing for advanced work in the real estate field.

Chadaporn Chamnanthai

Best of the Best
Just as with the other courses, this course has given me an excellent insight into the operations and output of the real estate industry. The value I have obtained the FMVA program is unmatched.

Nana Dadzie

Very Challenging
love it!

Mark Morse

Must have course
This course opens up to finance persons that have never worked in construction industry with new terms and financial projection techniques for real estates.

Innocent Rukundo Musabyimana

CFI's FMVA Certification way to go....
A nice-to-have knowledge and skill set for all Finance Professional

CHINYERE AKUNNA

EXCELLENT COURSE, I RECOMMEND FOR ALL REAL ESTATE FINANCIAL MODELERS
I just completed the CFI Real Estate course and I loved it. The financial modelling is of a high standard. The exams is of a high standard too, meant to challenge you to think hard. But if you get a full grasp of the lessons, you will pass, as did in just one attempt.

Eric Narh Kwetey

Excellent Elective!
I have extensive experience in Real Estate Financial Modeling since I work for a Family Office Fund who's portfolio has a majority holding in Real Estate and Infra industries. Having modelled multiple such models, I still learned quite a few tricks and was blown away by the preciseness and the cleanliness of this model. The only feedback I have is that your team could focus on breaking down complex calculations and formulas into smaller steps (lesser loops and complexity). This helps the analyst explain his model to the Fund Partners in a less time consuming manner. I used to have similar formula lines that took into nested loops and multiple formulas and everything was fine with it, although the CIO mentioned that he usually scans my financial models on the go and so he would love to spend lesser time wrt understanding line items by formulas. Hence, I believe even though one can do these complex calculations maybe in one cell (or even mentally), but one needs to break them out! This allows the end recipient / user of the model to understand your approach and the steps you've taken. Hope this helps. Cheers!

Siddharth Yadav

Amazing!!
A very valuable course which is much needed for anyone who wants to learn the skill of Real Estate Financial Modeling. The step by step guide and the knowledge given regarding the relevant information needed to undergo the model was indeed very advantageous. I highly recommend this course for anyone who wants to increase their proficiency in financial modeling. Thanks CFI!

Zahid Sameer

Frequently asked questions

What are the requirements to take the courses?

All of our certification programs are open to students and professionals in various industries and levels of experience. Our curriculum is designed to teach what you need to know from basic fundamentals to advanced practical case studies. To take the courses and complete the exercises, students will only need access to a PC and/or Mac, Microsoft Suite (2016 or newer), and a stable internet connection. Click here to view the Technical Requirements

Can I download the Excel files and financial modeling templates for the course?

Absolutely! All the files and templates needed in a course are available for download. Just look for a module that shows Downloadable Files within the course dashboard. See here for a visual guide on how to do this.

How long do I have to complete the courses?

You will have yearly access to the courses as long as you maintain an active subscription. All the courses are self-paced as well so you can take your time in learning without worrying about any deadlines. Click here to compare our available enrollment options.

Are CFI courses officially accredited?

Yes, CFI is accredited by the Better Business Bureau® (BBB) to maintain training standards, the CPA Institutions in Canada, and the National Association of State Boards of Accountancy (NASBA) in the USA. Most of our courses qualify for verified CPE credits for CPA charter holders. Please refer to this page to view all available CPE credits.

Are there any additional fees or costs?

None! The bundle price includes everything and there are no additional fees or charges to earn your digital certification. You can see our enrollment fees listed here.

What currency are your courses priced in?

All our online courses are priced in USD. As this is a recurring payment, we accept all major credit and debit cards including Visa, MasterCard, and American Express.

How do I earn my certificates?

Students must complete all the video lessons, quizzes, and final assessments in each course. You can retake the assessments as many times as necessary until you reach an 80% passing grade. For more information on how to earn a course certificate, click HERE.

How are the exams conducted?

Students are required to complete an online assessment (Multiple choice questions, Fill-in-the-Blanks, and Excel Questions) at the end of each course. You can take the exams on your own schedule and will need to earn at least 80% to pass the course and earn your certificate of course completion. Please note that course exams can be repeated as many times as you need. Students are also required to complete the FMVA® final exam to earn their certification. How to Take a Qualified Assessment

Can I email the instructor if I have questions?

While the courses are designed mainly for self-study, we are happy to provide email assistance for general or technical support inquiries. The Full Immersion bundles include a premium email support function that allows you to communicate directly with in-house experts regarding course content. This is one of the key features that sets the Full Immersion bundle apart and makes it a worthwhile upgrade over the more affordable self-study bundle. You can compare more features in our bundles here.

Will these courses help me advance my career?

Based on hundreds of reviews from thousands of students we know how CFI courses have helped so many people advance their finance careers. Our courses are designed to be extremely practical and simulate the experience of being trained as a professional financial analyst…the ultimate way to advance your career. For real-world examples and to help delve even deeper into the course concepts, please look into our free career resources library.