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Easily analyze, manage, and optimize your mixed-use development projects with this all-in-one financial model. Designed for precision and clarity, it’s the ultimate tool for developers and investors.

  • Fit for mixed-used developments that include inline retail.

  • Includes a detailed construction budget, financing schedule, and comp analysis.

  • Robust partnership return projections for accurate forecasts.

Mixed-Use Development

Key Features

Dual-Focus Assumptions

Model multifamily and commercial components independently while capturing blended project returns.

Robust Construction Budgeting

Track development costs across sitework, residential, and retail construction.

Integrated Financing Schedules

Build and evaluate construction loans, permanent financing, and blended capital stacks.

Return on Cost Analysis

Compare multifamily, retail, and combined project yields to understand profitability drivers.

Equity Waterfall Mechanics

Capture GP/LP distributions with institutional-style waterfall modeling.

Scenario Flexibility

Stress-test unit absorption, rent comps, cap rates, and commercial lease-up assumptions.

What’s Inside the Model

Deal Summary & Returns

  • Deals & Returns – Snapshot of main deal points with blended economics.

  • Return on Cost – Clear look at untrended yields for multifamily, retail, and blended components.

Financials & Operations

  • Annual P&L – Yearly profit & loss across all uses.

  • Monthly P&L – Detailed month-by-month operating cash flows.

Project Assumptions

  • Project Assumptions – Apartments – Multifamily unit count, rents, and absorption inputs.

  • Project Assumptions – Retail – Commercial lease-up, rents, and tenanting assumptions.

Development & Capitalization

  • Construction Budget – Line-item construction budget for residential and retail components.

  • Financing Schedule – Construction and permanent loan schedules with draw modeling.

  • Equity Waterfall – GP/LP distributions across the project lifecycle.

Market Benchmarking

  • Comp Analysis – Rent comps, sales comps, and development pipeline benchmarking.

Samples

Summary Fields

A detailed financial spreadsheet displaying a development budget summary, project returns, and various metrics. It includes sections on land funding, total hard and soft costs, profit projections, cap rates, sources, and uses of funds. Figures are broken down by category, percentage of total, and per unit and square footage calculations.

Investor Tear Sheet

Spreadsheet displaying retail income, recovery income, lease details, and operating expenses for a property with multiple tenants, highlighting rent, lease terms, and expenses.

Apartment Input Sheet

Spreadsheet of project details and apartment unit mix, showing dates, addresses, planning information, and unit specifications such as number of units, unit types, square footage, and monthly rent for a property in Dallas, TX.

Construction Budget

Development budget table detailing project costs, including hard costs like site work and vertical construction, and soft costs such as fees and reserves, summing to total project costs.

Retail Inputs

Side-by-side comparison of multifamily and retail development financial spreadsheets, showing metrics like NOI, development costs, rental income, deductions, expenses, and net operating income per unit and per square foot.

Comparables Sheet

A spreadsheet displaying real estate sales and rent comparables. It includes sections titled 'Sales Comparables,' 'Rent Comparables - Market Rate,' and 'Rent Comparables - Rent Restricted.' Each section specifies details like sale date, sale price, average sale price per unit, month built, year renovated, number of units, and average square footage for various properties such as Gallatin Apartments, Clearpoint, and Caroillin Heights. The data is divided by factors such as product type, year built, and more.

The Fractional Analyst’s
Mixed-Use Development Model

Upgrade your underwriting process with our model that delivers speed, accuracy, and confidence across all your multifamily deals

What our customers are saying

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    Caddis Partners

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    Binyan Kesef

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    Altoma Real Estate Advisors

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    Onyx Equity Partners

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    Sherpa CRE

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    GPG Properties

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    Beckstrom Company, LLC

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    Sila Realty Trust

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    Crystal Peak Data Centers

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    GPWM Funds

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