The TFA Mixed-Use Development Model is a comprehensive underwriting tool designed for projects that combine multifamily residential units with significant commercial components such as retail, office, or ground-floor shops. This model provides developers, investors, and capital partners with a clear, data-driven framework to evaluate complex, multi-use projects.
Whether you’re structuring financing, analyzing feasibility, or presenting returns to stakeholders, the model integrates residential and commercial assumptions into a single, streamlined platform.
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.
Deals & Returns – Snapshot of main deal points with blended economics.
Return on Cost – Clear look at untrended yields for multifamily, retail, and blended components.
Annual P&L – Yearly profit & loss across all uses.
Monthly P&L – Detailed month-by-month operating cash flows.
Project Assumptions – Apartments – Multifamily unit count, rents, and absorption inputs.
Project Assumptions – Retail – Commercial lease-up, rents, and tenanting assumptions.
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.
Comp Analysis – Rent comps, sales comps, and development pipeline benchmarking.
The TFA Mixed-Use Development Model is a comprehensive underwriting tool designed for projects that combine multifamily residential units with significant commercial components such as retail, office, or ground-floor shops. This model provides developers, investors, and capital partners with a clear, data-driven framework to evaluate complex, multi-use projects.
Whether you’re structuring financing, analyzing feasibility, or presenting returns to stakeholders, the model integrates residential and commercial assumptions into a single, streamlined platform.
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.
Deals & Returns – Snapshot of main deal points with blended economics.
Return on Cost – Clear look at untrended yields for multifamily, retail, and blended components.
Annual P&L – Yearly profit & loss across all uses.
Monthly P&L – Detailed month-by-month operating cash flows.
Project Assumptions – Apartments – Multifamily unit count, rents, and absorption inputs.
Project Assumptions – Retail – Commercial lease-up, rents, and tenanting assumptions.
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.
Comp Analysis – Rent comps, sales comps, and development pipeline benchmarking.
