Real Estate Financial Modeling

    Real Estate Models That Help Deals Get Funded

    Investor-ready acquisition, development, and fund models built to defend assumptions, stress-test returns, and move lenders or capital partners toward a decision.

    Acquisition, development, fund, and portfolio models
    Excel deliverables with assumptions, sensitivities, and investor outputs
    Built for sponsors, developers, lenders, and capital partners

    Model Output

    Investment Summary

    Levered IRR
    18.4%
    Equity Multiple
    2.1x
    Exit Cap
    5.75%
    DSCR
    1.42x
    Assumptions and sources clearly documented
    Base, upside, and downside cases included
    Debt, waterfall, and exit outputs ready for review
    200+
    RE Models Built
    $1bn+
    Asset Value Modeled
    10+
    Years Experience
    4.9/5
    Client Rating

    Why Most Real Estate Models Fall Short

    Institutional investors and lenders scrutinize every assumption in your model. Models built with generic templates or unrealistic assumptions get rejected immediately.

    Common issues include incorrect rent growth assumptions, missing CapEx reserves, unrealistic exit cap rates, and waterfall distributions that don't match the JV agreement. These errors cost sponsors deals and damage credibility.

    A professionally built real estate model demonstrates financial sophistication and gives investors confidence in your underwriting discipline.

    Models Built for Institutional Standards

    We build the kind of model a serious reviewer can interrogate: transparent assumptions, traceable formulas, clean outputs, and sensitivity cases that show what drives the deal.

    Each workbook is structured around the decision you need to support, whether that is an acquisition, development feasibility review, refinancing, capital raise, or IC approval.

    What You Get

    A decision-ready model package built for underwriting, financing, investor review, and partner discussions.

    Investor-Ready Excel Model

    Clean workbook structure with assumptions, outputs, scenarios, and audit-friendly formulas.

    Returns & Sensitivities

    IRR, equity multiple, cash-on-cash, NPV, DSCR, cap rates, and downside cases.

    Debt & Waterfall Logic

    Construction debt, permanent debt, preferred equity, GP/LP waterfalls, and promote tiers.

    Lender & IC Support

    Clear outputs for financing discussions, investment committees, and partner approvals.

    Trusted by leading real estate investors and developers

    C4
    Bella + Frank
    CanAm Options
    Inspired Surgical
    Taremtec
    Ferly
    FireAnts
    Greenfield Groves
    ICS.AI
    Parkside Advisors
    Euroclinic
    HealthLynked
    Resolution Property
    Pinocchio's
    Harley Street Healthcare
    Mowjow
    Trebbly
    GenVue
    Lewis Transcontinental
    Dr. Marie Gowri Motha
    Pro Connect International
    Gura Gura
    OORJA
    SuperOne

    Logos represent organisations our team has worked with on previous projects. All trademarks remain the property of their respective owners.

    What Is a Real Estate Financial Model?

    A real estate financial model is a detailed projection of a property's income, expenses, and returns used to evaluate investments, secure financing, and raise capital.

    Cash Flow Projections

    Year-by-year forecasts of NOI, debt service, and distributions based on rent rolls and operating assumptions.

    Return Metrics

    IRR, NPV, equity multiples, and cash-on-cash returns that investors use to evaluate opportunities.

    Sensitivity Analysis

    Scenario tables showing how returns change with variations in rent growth, cap rates, and other key drivers.

    Testimonials

    What Our Clients Say

    "We were extremely happy with the job. They were always available to receive feedback and implement it into the project to ensure we ended up with the ideal result. Highly recommend!"

    Chris H

    Rewards App

    "The team took me from the seed of an idea, all the way to some of the biggest and best boardrooms in the world. They modelled my business to perfection and structured every projection for investor scrutiny."

    James M

    Tech Startup

    "Their deep understanding of what investors look for made all the difference. Our pitch deck opened doors we couldn't have accessed otherwise."

    Sarah C

    HealthTech Company

    Property Types We Model

    Specialized models for every asset class. Our pricing is standardized regardless of property type—choose the package that fits your deal complexity.

    Commercial Property

    Office buildings, retail centers, and mixed-use properties.

    Rent roll analysis
    Cap rate calculations
    NOI projections

    Residential Development

    Single-family, multifamily, and residential subdivisions.

    Construction budgets
    Absorption modeling
    Sales projections

    Industrial Property

    Warehouses, distribution centers, and industrial parks.

    Triple-net modeling
    Tenant analysis
    Exit strategies

    Hospitality & Hotels

    Hotels, resorts, and short-term rental properties.

    RevPAR projections
    Occupancy modeling
    GOP analysis

    Real Estate Financial Models We Offer

    Specialised models built for every asset class, deal structure, and investment strategy in the real estate sector.

    Residential Development

    Ground-up and value-add models for homes, condos, townhouses, and multifamily projects.

    Construction budgetSales absorptionInvestor returns

    Mixed-Use Development

    Integrated underwriting for projects with residential, office, retail, or hospitality components.

    Segmented revenueShared expensesPhase planning

    LBO & Acquisition Models

    Leveraged acquisition analysis with debt sizing, coverage ratios, and exit scenarios.

    Debt serviceIRR analysisExit strategy

    REIT & Portfolio Models

    Portfolio-level forecasting for REITs, operators, and multi-asset investment vehicles.

    Asset roll-upDistributionsRisk mix

    Commercial Real Estate

    Office, retail, and industrial models built around leases, NOI, CapEx, and valuation.

    Rent rollNOI forecastCapEx plan

    Disposition Analysis

    Hold-versus-sell, refinancing, and exit timing analysis for active assets and portfolios.

    Exit cap ratesSensitivity tablesValue bridge

    Real Estate Fund Models

    Fund and syndicate models for capital calls, investor reporting, and waterfall economics.

    Capital callsWaterfallLP reporting

    Recent Projects

    A selection of recent projects where our financial models supported investment decisions.

    Residential
    London

    Luxury Residential Development

    Condominium development model for sales pricing, construction costs, and investor returns.

    Supported institutional capital raise
    Mixed-use
    Dubai

    Mixed-Use Development

    Integrated residential, retail, and office model with phase-level cost and revenue planning.

    Improved capital structure decisions
    Office
    New York

    Commercial Office Acquisition

    Acquisition model covering lease projections, renovation spend, DSCR, and investor waterfall.

    Underpinned acquisition underwriting
    Healthcare
    Los Angeles

    Healthcare Facility

    Operational real estate model with long-term funding needs and capital expenditure planning.

    Supported project financing review
    Fund
    United Kingdom

    Sustainable Real Estate Fund

    ESG-aligned fund model with portfolio benchmarking and investor return structuring.

    Supported initial fundraise materials
    High-rise
    Toronto

    Residential Tower Development

    Development model for funding structure, construction analysis, profitability, and waterfalls.

    Supported construction financing package

    Have a live deal or financing deadline?

    Get a model scoped around your actual transaction.

    Share the asset type, timeline, and current materials. We will identify the right model structure, deliverables, and turnaround before you commit.

    Built for Every Deal Stage

    From initial screening to investor exit, our models support every phase of the real estate lifecycle.

    Acquisition Analysis

    Evaluate potential purchases with detailed IRR, NPV, and equity multiple projections.

    Development Feasibility

    Assess project viability before breaking ground with construction and absorption modeling.

    Refinancing Decisions

    Compare loan scenarios and optimize your capital structure for maximum returns.

    Investor Presentations

    Professional models that institutional investors and lenders expect to see.

    Our Process

    A structured approach to building your real estate model

    01

    Discovery Call

    We discuss your property type, deal structure, and specific requirements.

    02

    Data Collection

    You provide property information, rent rolls, operating statements, and assumptions.

    03

    Model Development

    Our real estate analysts build your custom model with market-specific inputs.

    04

    Review & Refine

    We walk through the model together and incorporate your feedback.

    05

    Final Delivery

    You receive your polished, investor-ready real estate model.

    Pricing Packages

    Transparent starting points for common model scopes. Final pricing depends on deal complexity, available materials, and required turnaround.

    Essential

    From $1,500

    Single property analysis for smaller deals

    Single property analysis
    5-year cash flow projections
    Key investment metrics (IRR, NPV, CoC)
    Basic sensitivity analysis
    Excel deliverable
    2 revision rounds
    5-7 business days delivery
    Most Popular

    Professional

    From $2,000

    Comprehensive model for investors and developers

    Everything in Essential
    10-year projections
    Multiple scenario modeling
    Debt structuring options
    Waterfall distribution model
    Investor presentation deck
    Unlimited revisions
    7-10 business days delivery

    Enterprise

    From $3,000

    Institutional-grade models for large portfolios

    Everything in Professional
    Multi-property portfolio
    Joint venture structures
    Tax optimization modeling
    Due diligence package
    Lender-ready formatting
    Priority support
    Strategy consultation
    10-14 business days delivery

    Why Choose Stellar Business Plans

    RE Experts

    Former analysts from top PE firms, REITs, and development companies

    Fast Turnaround

    Models delivered in as little as 5 business days

    Confidential

    Your deal information stays completely private

    Quality Guaranteed

    Unlimited revisions until you're satisfied

    Frequently Asked Questions

    Transaction & Deal Support

    Beyond building financial models, we support real estate projects throughout the deal lifecycle. As transactions evolve and assumptions change, we help update and refine financial models to support lenders, investors, and key decision-makers.

    Acquisition underwriting updates
    Lender-ready model revisions
    Capital stack and financing structuring
    IRR and waterfall updates
    Scenario and sensitivity analysis
    Refinancing and restructuring models
    Exit and hold vs sell analysis
    Investment committee and partner-ready outputs

    Support is available on a per-project or ongoing basis depending on deal requirements.

    Bring Us the Deal. We'll Build the Model.

    Book a free consultation to discuss the asset, assumptions, timeline, and outputs you need.