The Advanced Real Estate Equity Waterfall Modeling Class

🏗️ Master Advanced Real Estate Equity Waterfall Modeling with Confidence!

Course Headline:

A Step-by-Step Guide To Modeling Catch-Ups, Clawbacks, Cash-on-Cash Waterfalls, and More For Real Estate Investors

Course Description:

Unlock the complexities of real estate equity waterfall modeling with ease! In this comprehensive course, Justin Kivel, a seasoned expert with over 15,000 students taught in real estate financial modeling and analysis, will guide you through the intricacies of advanced waterfall structures. With his experience in modeling over $1.5 billion of closed commercial real estate acquisitions, Justin is well-equipped to make this daunting topic approachable and understandable for investors at all levels.

What You'll Learn:

The GP Catch-Up Model: Master the nuances of a "GP Catch-Up" waterfall, where cash flows are split fairly among partners until certain profit thresholds are met, after which the General Partner can take a larger share of the profits. You'll learn to automate the calculations for a seamless modeling experience.

The Clawback Model: Get to grips with the "Clawback" waterfall structure, where GPs or sponsors who receive promoted interest based on high initial returns must return that interest if the fund overall falls short of its promised returns to investors.

The Multiple Return Hurdle Model: Dive into a scenario where two hurdles must be met for GPs to earn promoted interest—an Interest Rate Return (IRR) hurdle and an equity multiple hurdle. This model is essential for ensuring GPs are fairly rewarded while protecting investor interests.

The Cash-on-Cash Waterfall Model: Discover how to structure a deal where you get paid now based on cash flow generated, without waiting for the entire return of capital. This model also includes a back-end profit sharing structure for when you decide to sell the property.

Why You Should Enroll:

• Real-World Application: Learn by building real-life waterfall models and understanding each step's rationale.
• Expert Guidance: Follow Justin Kivel's clear explanations, repetition through examples, and hands-on application.
• **Comprehensive Learning: Cover multiple complex scenarios with detailed explanations of the formulas behind them.
• Valuable Feedback: Join a community of learners and gain insights from their experiences and perspectives.

Student Testimonials:

"Very clear explanations! I like the repetition through the different examples to embed learning. It's also helpful to say which shortcuts you are doing so that this becomes second nature." - ★★★★★

"This is amazing training. It covers those hands-on things which are hard to get without being into the CRE business. Very detailed, error-less explanation of complex scenarios." - ★★★★★

"Unbelievable course, and just like with Justin's other courses: crammed with great content and hands-on application. No fluff. Just into the materials and the mechanics. This course is rather advanced, but it covers a lot of different techniques, methods, and concepts." - ★★★★★

Course Benefits:

• Prepare for real estate analyst or associate positions with confidence.
• Syndicate capital effectively and build out investor materials and models accurately.
• Calculate investor returns and promoted interest like a pro.

Ready to elevate your understanding of real estate equity waterfall modeling? Enroll now and embark on this transformative learning journey with Justin Kivel as your guide! 🚀

Join us and conquer the world of real estate finance, one waterfall at a time! 🌟