I'm going to have to complete a case study/modeling exam for a small repe firm. The firm invests in hospitality, office, condos, and mixed-use assets. I was told the exam isn't very complicated, that i should build a cash flow and be familiar with return multiples, and i don't need to do a waterfall. Any idea what to expect?
For something like this -- is it expected that you do a monthly cash flow or is yearly acceptable? I ask this because in my current role, I am not underwriting anything as most of the work I do is post-transaction/advisory/financial reporting work and all of our cash flows are yearly..
ANY guidance would be appreciated. I've never had to do a modeling exam for a job before so I don't really know what to expect at all.