Commercial Real Estate Development Pro Forma

Is the project worth building, and how should it be financed?

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One-time purchase, immediate download
Institutional-quality model built in Excel (.xlsx)
Built from real private equity, real estate and M&A modeling

Model highlights

What it does

A development model for ground-up and value-add commercial projects. It follows the project from land and hard costs through construction, lease-up and stabilization to sale or refinance, and shows what the deal returns to the equity.

DevelopersTest a site before you commit capital.

InvestorsPressure-test a sponsor's numbers.

ConsultantsDeliver a credible pro forma to clients.

LendersSee debt coverage at a glance.

What's included

Inside the model

Sources & uses with construction budget and contingency
Construction draw schedule and interest reserve
Lease-up, rent roll and stabilized NOI
Construction and permanent loan sizing
Exit valuation by cap rate
Levered and unlevered IRR, equity multiple and DSCR
One assumptions sheet that drives the whole model
Built-in error checks
Step-by-step guide and sample data

Questions

Frequently asked

Something else? Email patrick@patrickquigley.com.

Do I need advanced Excel skills?

No. If you can type numbers into a spreadsheet, you can use the model. Inputs are clearly marked and the guide walks you through each step.

What do I receive?

An Excel (.xlsx) file plus a short guide, delivered as a download after purchase.

Can you customize it for my business?

Yes. We build custom versions and fully custom models. Email us with what you need.

DisclaimerQuigley Capital does not provide financial, investment, legal, or tax advice. All templates, calculators, and content are for informational and educational purposes only. Outputs should be independently verified before use in any real-world decision.