Real Estate Development Budgeting - Advanced

Description
This is a financial planning template that allows the user to enter their budgeted costs per line item and by month (across 48 months) as well as planned sales of the units/land that has been developed. Then, after the project is completed, the user can enter the final actuals in order to see how the final IRR and ROI of the total project compared to the budget.

Some of the nuances:
1. Allows for up to 3 phases, but any phase that is not needed can be left blank.
2. Has a LTV rate that defines how much of the required cash will be covered with a bank loan vs. equity. If all equity then the % can be zero.
3. A running balance of debt and interest accrued (measured against an initial interest reserve)
4. A budget and actual summary (monthly and annual)
5. Both the budget and actual monthly and annual tabs have a summary that totals each line item and measures the % of budget that has been utilized (including equity required).
6. A defined % for how much of the sales proceeds must be used to pay down loans (this is good when you have sales happening while development of other phases are happening).

The thing that is different with this model, and has been done on purpose, is that the user actually enters the values on the model itself in the relevant month. The reason why is because with a real estate development project, you need the flexibility to enter values across varying amount of months (for both budget and actual purposes). So, there is no good way to automate this in a meaningful way short of just letting the user enter the values on the monthly model tabs themselves.

Not shown in video: I added 3 monthly comparison charts - equity required, cash flow, and equity position.

This template is also included in two bundles:
- All Models Bundle: https://www.eloquens.com/tool/P8Y4TX4v/finance/financial-forecasting-models/financial-models-120-useful-and-usable-logic
- Real Estate: https://www.eloquens.com/tool/vJdYH9R7/finance/real-estate/the-complete-real-estate-bundle