Entries by Michael Belasco

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¿MBA o Maestría en Bienes Inmuebles? Por Qué Decidí Obtener Ambos y Algunas Consideraciones Sobre lo que Podría Ser Adecuado Para Usted

Desde que Spencer escribió su post sobre por qué decidió hacer un Maestría en Bienes Inmuebles en lugar de un MBA o una doble maestría, nuestros lectores me han preguntado mucho por qué decidí hacer un MBA y una Maestría en Bienes Inmuebles. A continuación, expondré mis razones y reflexiones, y ofreceré algunas consideraciones para […]

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MBA or MRE? Why I Chose to Get Both and Some Considerations for What Might Be Right For You (Updated 2023)

Ever since Spencer wrote his post about why he chose to do an MRE as opposed to an MBA or a dual Master’s degree, I have been asked a lot by our readers about why I chose to go for both an MBA and MRE. Below I will discuss my rationale and thoughts and provide […]

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Create A Dynamic Revenue Row to Calculate Multiple Tenant Leases (Updated Nov 2022)

I recently received an email from one of our readers asking how to create a dynamic revenue row for a pro forma that can capture rent changes for multiple tenants. I thought that this would make a great post for the site and would be a good piece of information to share with our readers. What […]

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A.CRE Hotel Valuation Model in Excel (Updated Sept 2022)

I am excited to introduce our new Hotel Valuation (Acquisition) Model to underwrite both stabilized and value-add hotel opportunities. This hotel pro forma is designed to allow users to do everything from a quick back of the envelope exercise to a fulsome and detailed underwriting exercise in which the user can get into the weeds […]

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4-Tier Equity Multiple Waterfall – Download and Watch Me Build (UPDATED APR 2022)

Here is a simple, yet very powerful, 4-tier equity multiple waterfall module. This post contains both a completed version of the module ready to plug into a real estate financial model as well as a ‘Watch Me Build’ template and companion video where I walk the user step by step through building it out. Are […]

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Development Draw Schedule – Visually Customize Each Line Item (UPDATED APR 2022)

Working a lot with development draw schedules, I have always been looking for a catch all solution as to how one could easily model all the unique ways cash actually flows over time during the process. The norm for many is to model cash flows using a straight line method with even payments over time, […]

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Construction Draw Schedule: Accounting For True LTC (Updated Apr 2022)

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 will agree to lend to the borrower. So, if a project costs $10MM, and a lender loans $6MM, the lender is lending at a 60% LTC. However, the […]

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Adventures In CRE’s Events Calendar

We have begun to compile a calendar of events for some of the more well known trade organizations in the industry in order to give our readers a one stop place to find out about events that are happening throughout the US and internationally. Obviously, this calendar will not be a complete list of all event offerings […]