Modeling a pure equity raise for existing asset

I’m going through the exercise of preparing a model for an existing asset for which we’re considering raising equity for renovations.

There’s an existing loan on the property. Wondering how you model this compared to a regular acquisition model.

Do you just assume a purchase price at a new valuation (whatever that number is—agreed upon by partners)? How do you think about the existing debt at purchase?

Some example numbers would be great. Thanks all

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