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Leveraged Breakdowns

LEVERAGED BREAKDOWNS OFFERS TWO GREAT PRODUCTS

$29.00 / month

Leveraged breakdowns offers 9 great products!

The Complete Bundle

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$349 ​

(One-time purchase for 3 months course access + guides download)
  • Best value, includes all 9 of our products as one bundle
  • Modeling course subscription does not automatically renew after 3 months
  • You get to keep each guide forever once downloaded

Modeling Course Subscription

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$49

(per month)

  • Necessary skills for any undergraduate or junior professional interviewing for ANL/ASO roles in REPE
  • Monthly access to ever-expanding catalogue of educational video lectures
  • Learn from industry veterans with >$15B direct asset-level acquisition and public M&A experience
  • Model from scratch, develop fluency with must-know corporate finance fundamentals
  • Learn Excel tips, tricks, and shortcuts to move lightning fast through any case study or investment model
  • Develop an investment thesis from raw data used by true REPE professionals
  • Access to the “crash course” REPE Starter Kit (~2hrs video content)
  • Access to the “deep dive” Breaking Down REPE Course (~7hrs video content)

Technical Interview Guide

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$99

(one-time purchase)

  • 41-page technical interview guide, learn to:
  • Demonstrate fluency with each major sector and their core strengths and weaknesses
  • Thoroughly explain the relationship between cap rates and risk
  • Quickly compare and contrast two investment opportunities regardless of sector or geography
  • Manipulate accounting and financial metrics common in real estate private equity
  • Convincingly highlight the merits of investing in real estate
  • Analyze and recommend the appropriate credit strategy for any particular deal
  • Intelligibly discuss the intricacies of development underwriting
  • Unique PDF download that you keep forever, purchase grants access to updates and revisions for one year

Mental Math Guide

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$30

(one-time purchase)

  • 10-page Mental Math Guide with 20 real estate finance questions that are commonly asked in technical interviews for real estate firms
  • Detailed explanations that show you how to approach these questions and explain the underlying concepts
  • Supplement to our Technical Interview Guide, which covers real estate interview questions more broadly
  • Material includes unlevered and levered IRR, cash-on-cash return, multiple on capital, comparing risk and return across deals, etc.
  • Guide also comes with a useful real estate returns calculator in Excel so that you can easily check your work
  • After working through this guide you’ll be fully prepared you to ace any technical question that requires quick thinking or mental math

ANALYST CASE STUDY

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$30

(one-time purchase)

  • Real Life Analyst Case Study adapted from case studies at actual real estate firms
  • Case focuses on the acquisition of a hypothetical apartment building in the San Francisco Bay Area
  • Case has two sections: Section 1 tests your model building / knowledge of real estate return metrics and Section 2 tests your analytical/critical thinking around an investment decision
  • The answer key includes both a completed acquisition model in Excel(with some extra modeling tips) and a written answer key with suggested answers
  • After completing this case you’ll be very well prepared for any case study that is part of your interview process!

ANALYST EXCEL TEST​

$30

(one-time purchase)

  • Real Life Analyst Excel Test with 47 questions across three sections that takes roughly two hours to complete
  • Sections include Rent Roll Analysis, Deal Analysis, and Cash Flow Modeling
  • Practice the top ways that firms test analyst candidates during interviews (covers both Excel knowledge and real estate knowledge)
  • Comes with two Excel files:1 with questions and 1 with questions & answers; practice on the first one and then check your work with the second
  • Test follows UK real estate modeling conventions/industry terms , but the differences between UK and U.S. real estate terms are noted (most concepts are the same)
  • After spending time with this resource you’ll be ready for any Excel test that comes your way!

UK Analyst Case Study

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$30

(one-time purchase)

  • The UK Analyst Case Study is adapted from an actual deal reviewed by UK-based real estate private equity firm
  • The case focuses on the redevelopment of a prime office building in London, using UK real estate modeling conventions, which vary from US modeling norms
  • The case has two sections: Section 1 tests your ability to construct a complex real estate redevelopment model and Section 2 tests your ability to manipulate the model and assess the investment opportunity
  • The answer key includes both a completed acquisition model in Excel and a written answer key with suggested answers to the questions
  • After completing this case you’ll be very well prepared for any case study that is part of your interview process!

Sector Series Guides

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$30

(one-time purchase)

  • Three guides (5-10 pages each): detailing the following sectors — Multifamily, Single-Family Rental, and Office (more coming soon…)
  • Each guide is part sector primer and part sector update, detailing the fundamentals and the latest trends in the sector
  • Data-First Philosophy: all narrative themes supported by data from industry-leading sources

REAL ESTATE LENDING GUIDE

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$79

(one-time purchase)

  • 36-page guide on commercial real estate lending, written by industry insiders with decades of experience
  • Guide follows the prototypical life of a real estate loan, from origination, to deal underwriting, to asset management
  • Detailed overview of the capital stack, including the risk and return profiles of each component
  • Overview of senior debt characteristics and common types of senior lenders
  • Description of the loan origination process, including a review of the key lender roles: relationship manager, underwriter, credit officer, and loan operations
  • Review of the loan underwriting process in detail, including a framework for evaluating risk
  • Overview of the loan asset management function after a loan has been closed, including potential remedies if a loan defaults

Construction Loan Guide

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$79

(one-time purchase)

  • 53 pages step-by-step detail on how a lender originates, underwrites, and administers a large scale construction loan
  • Real-world case study with self-study quizzes for each section, with additional 11-page answer key
  • The capital stack, its typical components, and repayment priority
  • Typical construction lenders, including commercial banks and government sponsored entities
  • What a lender looks for in a borrower, including who they are, their experience, and their finances
  • What a guarantor is, why they are required, typical guarantee structures, and their importance
  • The typical sources of repayment in a construction loan and how they are evaluated
  • How a lender evaluates loan collateral including location, absorption, finishes, and pre-sales/pre-leases
  • Loan covenants, what they are and why they matter
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