9-Unit Pro Forma, California Multifamily
Budget: $30 – $250 USD
I’m ready to test the financial viability of a proposed nine-unit multifamily development here in California and need a complete, lender-ready pro forma. Because I don’t yet have solid numbers for development and construction cost, the land is already owne , I’ll rely on you to build those estimates from comparable deals, local cost guides, and current market data. The building will be wood-frame, so please base hard-cost assumptions, insurance, and contingency on that construction method and California’s code requirements.
Here’s what I need delivered:
• Detailed line-item estimates for, hard costs, soft costs, permits, fees, and a reasonable contingency
• Financing structure with equity/debt assumptions, interest-only and amortizing scenarios, and a draw schedule
• Lease-up timeline, projected rents, vacancy, and operating expenses benchmarked to similar Class B assets in the region
• Ten-year cash-flow model (pre-tax) including IRR, equity multiple, and break-even points
• Sensitivity tables showing how cap-rate shifts and cost overruns affect returns
When you hand over the file—ideally in both Excel and PDF—I should be able to toggle assumptions quickly and export a summary page for potential partners or lenders. If you’ve prepared pro formas for California multifamily projects before, let me know; experience with local impact fees and Title 24 requirements will move you to the top of the list.
Here’s what I need delivered:
• Detailed line-item estimates for, hard costs, soft costs, permits, fees, and a reasonable contingency
• Financing structure with equity/debt assumptions, interest-only and amortizing scenarios, and a draw schedule
• Lease-up timeline, projected rents, vacancy, and operating expenses benchmarked to similar Class B assets in the region
• Ten-year cash-flow model (pre-tax) including IRR, equity multiple, and break-even points
• Sensitivity tables showing how cap-rate shifts and cost overruns affect returns
When you hand over the file—ideally in both Excel and PDF—I should be able to toggle assumptions quickly and export a summary page for potential partners or lenders. If you’ve prepared pro formas for California multifamily projects before, let me know; experience with local impact fees and Title 24 requirements will move you to the top of the list.