Commercial Real Estate Modeling
Institutional-grade real estate models, on demand.
Independent underwriting, model builds, and second-opinion audits for sponsors, funds, and private capital.
What we do
Four ways we plug into a deal — scoped, fixed-fee, and discreet.
Model Builds
A clean, auditable model built to institutional standards — acquisition, development, or value-add.
- Monthly & annual cash flows
- Debt sizing & refinance logic
- Equity waterfall & promote
Model Audit & Second Opinion
An independent review of a sponsor's numbers before capital is committed — the errors that cost real money, found early.
- Formula & logic integrity
- Assumption stress-testing
- Return-driver attribution
Underwriting Support
Deal-ready analysis for acquisitions teams and brokers who need credibility behind the pitch.
- Rent roll & T-12 normalization
- Sensitivity & scenario tables
- Investment committee memos
Waterfall & Promote Structuring
Distribution structures that hold up in diligence — modeled, documented, and explained in plain terms.
- Tiered IRR / equity-multiple hurdles
- Preferred return & catch-up logic
- GP / LP alignment checks
The approach
Principal-led. Independent. Quietly rigorous.
Every engagement runs through one senior set of hands — a CFA and CPA who has underwritten acquisitions, developments, and value-add across two decades. No junior hand-offs, no black boxes. You get a model you can defend line by line, and an advisor who works discreetly on your side of the table.
Engagement
A short, predictable path from question to answer.
Scope
A brief, confidential call to frame the deal, the deliverable, and a fixed fee before any work begins.
Build or Review
The model gets built or the existing one audited — with checkpoints so you're never surprised by the output.
Deliver
A clean, documented model plus a written walkthrough of assumptions, risks, and what drives the return.
Get in touch
Have a deal that needs a sharper set of numbers?
Send a short note about the property and the question you're trying to answer. Every inquiry is handled confidentially.
hello@malagaavenueadvisors.com →