Next level Value Add Model

Finally, a multifamily underwriting model, built by a real multifamily underwriter!

Product Features


The majority of the inputs are consolidated to one page.

Investor Summary

Printable 2-page summary to share with investors.

Outputs Page

A page dedicated to showing a summary of all important information.

Monthly/Annual Cash Flow

Proforma is populated from assumptions on the Inputs page.


5-Tier waterfall hurdle between limited partners and general partner.

Preferred Equity

Ability to add current and accrued pay.

Hypothetical Investment

Year by year investment summary shown for limited partners.

Sensitivity Analysis

Various analyses to view best case and worst case scenarios.


Detailed calculation page for taxes.


Ability to model fixed and floating rate debt.

I’ve been using the Next Level Value-Add model for a few months now. It’s definitely the best one I’ve seen out there. Great combination of being detail oriented and user friendly. If you’re an analyst, this will be worth picking up day 1!
Drew Pitchford

Why choose Next Level Financial Models?

Our underwriting model has been error checked by industry leading financial modeling experts.
Various features and abilities allow you to model any business plan imaginable, making your analysis as accurate as possible.

A clean, well formatted model gives your investors confidence that the project has been carefully analyzed.

User friendly model with step-by-step instructions included. Every purchase also comes with a free 1-hour consultation.
Next Level
Value-Add Model
Competitor 1
Competitor 2
Competitor 3
10-Year Pro Forma
Renovation Timing Schedule
Monthly & Annual Proforma
Floating Interest Rate Ability
Printable Summary Page
Step-By-Step Instructions
Refinance Stress Analysis
Professionally Formatted
Built in Error Checks
General Partner Fees
Project Level Returns
Co-GP Structure
5-Tier Waterfall Hurdle
Various Performance Metrics
Cash Flow Analysis
GP/LP Equity Split
Interest Only Debt
LTC/LTV Ability
Sources & Uses
Yield on Cost
Gross Rent Multiplier
Debt Yield
Free 1-Hour Consultation
Justin is an experienced, smart, and trustworthy investor. My team at Walker & Dunlop has closed many debt and equity financings with Justin and colleagues.

Justin’s expertise includes underwriting multifamily investment opportunities accurately and with supporting data. I trust his judgment.

Justin’s commercial real estate finance acumen and initiative are also demonstrated through his publication of a weekly CRE underwriting newsletter, widely followed in the industry.

Justin has strong communication skills, is highly motivated, and exhibits attention to detail in evaluating transactions.
Larry Wilemon

Purchase our multifamily underwriting model