Multifamily Development

Town Center

Santa Maria, California | Ground-Up Development

Town Center multifamily development

Town Center is a ground-up multifamily development underwriting case study evaluating the feasibility of a new mixed-use residential project.

The analysis incorporates development costs, construction timing, lease-up, stabilized operations, financing and exit valuation.

The underwriting also includes a detailed equity waterfall and partnership return analysis to evaluate investor-level economics.

Project Files

Review the complete underwriting package or download the Excel model.

Financial Analysis

Underwriting

Investment Summary

Town Center investment summary

Assumptions

Town Center development assumptions

Yearly DCF

Town Center yearly discounted cash flow

Equity Waterfall

Town Center equity waterfall

Partnership Returns

Town Center partnership returns

Multifamily Unit Mix

Town Center multifamily unit mix

Retail Rent Roll

Town Center retail rent roll

Untrended Pro Forma

Town Center untrended pro forma

Trended Pro Forma

Town Center trended pro forma

Development Costs

Town Center development costs

Sources and Uses

Town Center sources and uses

Absorption Schedule

Town Center absorption schedule

Rent Comparables

Town Center rent comparable analysis