This application is a spreadsheet model for commercial real estate developers that can be used to produce pro forma budgets. It's intended to produce reports that demonstrate the viability of proposed projects and support for developers' requests for financing.
Tremendous flexibility is built into the program. For example, land may be treated as part of the developer's equity, or as a cost of development. Land financing can be separate, or it can be absorbed within the development loan--and the development loan can be based on project cost or on the maximum loan the project can support. Similarly, a user may specify a required rate of return, and the program estimates gross rental income needed.
