Real Estate Financial Modeling Accelerator (Updated Jan 2025)
Before launching the Accelerator program, Michael and I received countless emails requesting a more structured, step-by-step real estate financial modeling training program.
Over the years, we've covered hundreds of real estate modeling…
30/360, Actual/365, and Actual/360 – How Lenders Calculate Interest on CRE Loans – Some Important Insights
(Updated August 7, 2019 to include a Watch Me Build video and Downloadable file)
Commercial real estate lenders commonly calculate loans in three ways: 30/360, Actual/365 (aka 365/365), and Actual/360 (aka 365/360). Real estate professionals…
Using the OFFSET Function in Real Estate Financial Modeling
In a previous post, I showed you how to use the OFFSET function to create dynamic lists in Excel. As you become more comfortable using this function in real estate financial modeling, you'll find that it has almost infinite applications when…
A.CRE 101 – Create Smart Drop-Down Menus in Real Estate Modeling
One Excel feature real estate financial modeling professionals use often is the data validation list. Where data validation is a method of limiting the possible inputs of a cell, the data validation list limits those inputs to a pre-defined…
All About Cap Ex
In this post, we are going to take a deeper look into capital expenditures. What it is and how we account for it in cre underwriting.
Capital expenditures, commonly referred to as Cap Ex, are expenses that occur outside of normal operating…