Real Estate Private Equity model questions
I've been working through a few REPE modeling tests and had a few questions regarding structure
1) Is a standard sources and uses required / common? About 50% of the models I have seen have them but they don't seem to a necessary step. Coming from more corporate modeling its a habit to include one.
2) When looking at debt financing fees, is there a correct way to view the payment of these fees? I've traditionally viewed it as additional required equity (or paid via cash on BS but I have also seen models that just net out the gross proceeds against the financing fees. Both make sense, so is it just personal preference?
3) Not model related but thoughts on Argus experience for REPE interviews? Coming from IB so don't work with it at all