NORTHCAP PARTNERS All sector models

05 · Condo · build-to-sell

Condominium
underwriting model.

A unit and release-level model for pricing, absorption, construction draws, deposits, and loan paydown.

Model purpose

The model keeps sales velocity, pricing, construction timing, and debt release mechanics aligned throughout the development lifecycle.

01

Designed for

  • Urban condominium
  • Townhome communities
  • Build-to-sell residential
  • Branded residences
02

Core inputs

  1. 01Unit mix and pricing schedule
  2. 02Absorption and deposit assumptions
  3. 03Hard and soft cost budget
  4. 04Construction draw schedule
  5. 05Sales and marketing costs
  6. 06Loan advance and release terms
03

Decision outputs

  • Unit-level sales schedule
  • Sources and uses by month
  • Loan balance and release forecast
  • Profit, margin, and equity returns

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