Real Estate Financial Modelling Certificate

Bayfield Training
Course summary
Professional Training
8 weeks
Part time
Online courses
Course Dates
Online courses

Course description

Real Estate Financial Modelling Certificate

Get up-skilled and recognised by the greatest Real Estate Educational Institutions in the world with the Bayfield Training , University of Cambridge Real Estate Financial Modelling Certificate.

This eight-week online course is suitable for modellers new to Real Estate and experienced Real Estate Analysts looking to formalise their skill set. This course will equip you with skills to start building your own financial models and the certificate will give your employers and colleagues reassurance of your expertise.

Module Overview:

  • Modules 1-3: All the tools, theory and mathematics required to build a financial model.
  • Modules 4-6: Deal ready Real Estate Financial models, incorporating live data, multi-let investment and development projects.
  • Modules 7-8: Project finance, financial risk and investment analytics.

This online course has been put together exclusively for the Real Estate Financial Modelling certificate, using state of the art digital resources such as animations, video-steps, digital whiteboard and video-interactions as well as the spreadsheets, text based resources and tutor contact you would expect from any of Bayfield Training’s classroom based courses. Assessment is in the form of a guided model build exercise and written model appraisal.

Outcome / Qualification etc.

CPD hours: 64 hours

On this course you will:

  • Become a competent model builder, building Real Estate Financial Models from scratch
  • Learn tricks and concepts from financial modelling experts with decades of experience in practice and academia
  • Learn how to use Real Estate Financial Models to make informed investment decisions
  • Learn at a consistent pace over 8 weeks allowing you to take the time to fully grasp this important skill

Training Course Content

Module 1

Economic Context

  • Why Real Estate Asset Modelling is important
  • Understanding the occupier, asset and development markets and the relevant modelling approaches for each
  • Real Estate Sub-Sector Key Performance Indicators
  • Introduction to conventional valuations and financial mathematics
  • Understanding and minimising errors in Financial Models

Module 2

Cash Flow Fundamentals

  • Understanding all the components of a basic cash flow model
  • Understand why Corporate Finance Models and Real Estate Models are different
  • Financial Model Design
  • Making the link between valuations, income mathematics and discounted cash flows
  • Internal Rate of Return, Net Present Value,Worth and other metrics
  • Features and techniques to aid fast model building

Module 3

Developing the Cash Flow

  • Understanding how leases vary with respect to rent over time: Rent Reviews, Break Clauses, Rent Free Periods, Lease Expiries etc.
  • Developing the concept of a Rent Function in Excel
  • Logic mathematics and Logic functions
  • Projecting rent to adapt to different lease contracts and growth patterns
  • Alternative solutions to Logic functions
  • Comparative analysis of lease structures in different jurisdictions and adapting financial models

Module 4

Real Estate Data

  • Key Property market indicators
  • Characteristics and application of key input metrics for Real Estate Appraisals
  • Understanding the eight components of Real Estate Price Dynamics
  • Awareness of the different sources of data
  • Reading and using general property market reports
  • Constructing basic time series models and recognising basic patterns

Module 5

Development Appraisals

  • Understanding the key components of a development project
  • Understanding the difference between development and investment appraisals
  • Residual Appraisals and Profit Calculations
  • Cost orientated cash flows and phased sales
  • Cumulative construction cost patterns: incidental, fixed, loaded and S-curve
  • Development return metrics and Modified IRRs

Module 6

Multi-let Cash Flows

  • Multi-let and portfolio model design principles
  • Building complex date functions and date series
  • The three multi-let rent projection techniques
  • Perpendicular Rent Functions
  • Incorporate advanced rent adjustments into the Rent Function
  • Incorporate sector and period varying rental growth rates
  • Simplifying OPEX and CAPEX projections
  • Discounting techniques on complex and volatile cash flows

Module 7

Project Finance

  • Revision of the Mathematics of amortisation and debt finance
  • Basic senior debt models and geared net cash flow
  • LTV, IRR and Interest Rate Dynamics
  • Flexible term, repayment options and deferred interest
  • Loan covenant tests
  • Understanding different tranches of debt
  • Understanding how complex debt structures impact the returns to different parties

Module 8

Model Interpretation and Risk Analysis

  • Understand how to read models and develop an investment narrative
  • Visualise model outputs using graph functions, conditional formatting, dynamic symbols and dashboards
  • Learn how to use built-in Sensitivity, Scenario Analysis tools and third-party add-ins
  • Learn how to construct varied project scenarios in a systematic way
  • Introduction to Monte Carlo Analysis and VBA
  • Optimising sale dates and other parameters
  • Create well written, attractive and persuasive reports

Course delivery details

  • Duration: 8 weeks
  • Study period: 8 hours per week required

Why choose Bayfield Training

Over 22 years in business

Original Content, Unique Delivery

+90% courses review rating from past delegates


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About provider

Bayfield Training - Real Estate Executive Education 

Bayfield Training is a prominent global supplier of investment grade Real Estate executive education. Having begun as pioneers in the field of Real Estate Financial Modelling, today Bayfield has a huge extended network of experts, specialists and professionals within this...

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Bayfield Training

71-75 Shelton Street
WC2H 9JQ Covent Garden, London

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Average rating 5

Based on 3 reviews.

Sophie M
Impressive, thorough and well organised course - would recommend to anyone looking to improve their cash flow modelling skills.
Senior Property Manager
Overall, I am glad I took the course because it demystified the complexity of financial modelling
Real Estate Senior Associate
Excellent online program that covers all real estate financial modelling main topics in a short period of time.
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