Real estate feasibility: reading an investment

A real estate deal is assessed first of all on numbers: land cost, development capex, expected revenues, timing, financial structure. Indicators such as development margin, IRR and DSCR allow you to compare alternatives and engage lenders credibly.

Equally relevant is the structure of the deal: corporate vehicle, taxation, governance among partners. A well-built feasibility study turns an intuition into a bankable project.