How Do You Prepare For Financial Modelling?
Document your objectives:
- This is the discovery portion – ask smart questions – listen – define strategy
- Building to keep or building to sell
- Affordable vs. Market Rents? – Associated Financing Options?
- Energy Efficiency?
- Do you need to satisfy investors? Or do you have investors?
- Are you going to build it, JV, take project to SPA then sell
Do you own the land?
- Under contract on land & trying to decide if you will close on the land
- Own the land, (free-and-clear vs. debt)
Financing Programs
- Conventional
- Mezzanine
- CMHC MLI
- CMHC MLI Select
- CMHC Apartment construction Loan Program (RCFI)
- CMHC Co–Investment Fund