Hey - currently developing a condo project model. Does anyone have experience building one?
Main questions are: how many units are you typically expecting to sell per year? Or does it even work like that; are you looking at income at a more granular level (ie. units/month)?
As you're winding the units down, how are you paying taxes, and what part of operations (ratio, standard % estimate?) is the project owner still paying, or is all of this supposed to be paid out of a reserve?
To confirm, owner is looking at the project on a 1-3 year time horizon... right? Ideally, all units sell ASAP to pay back investors, collect fee, and pay back any debt.
Any other points to take into consideration? Appreciate any insight.
Private Equity Interview Course
- 2,447 questions across 203 private equity funds. Crowdsourced from over 500,000 mem.
- 9 Detailed LBO Modeling Tests and 15+ hours of video solutions.
- Trusted by over 1,000 aspiring private equity professionals just like you.