Institutional-Style Commercial Real Estate Underwriting Spreadsheet

Analyze Multifamily, Mixed-Use, Retail, Office & Industrial Deals Like a Professional CRE Underwriter.

The MDN Advanced CRE Underwriting Model™ is a professionally designed, investor-grade Excel underwriting tool built for commercial real estate investors, brokers, developers, lenders, syndicators, acquisition analysts, and capital advisors.

Developed by MDN Capital Consulting, LLC, this comprehensive underwriting model helps you quickly evaluate commercial real estate acquisitions, refinances, bridge loans, development opportunities, and value-add investments with clean dashboards, automated calculations, lender sizing metrics, valuation tools, sensitivity analysis, and institutional-style reporting.

Whether you are underwriting a multifamily acquisition, retail center refinance, office repositioning, industrial warehouse investment, or mixed-use development, this model provides the professional framework needed to analyze deals with confidence.

INCLUDED PROPERTY TYPES

✔ Multifamily

✔ Mixed-Use

✔ Retail

✔ Office

✔ Industrial

KEY FEATURES

Professional CRE Underwriting Dashboard

• Clean executive summary layout
• Investor/lender-ready presentation
• Automated KPI calculations
• NOI, DSCR, Cap Rate, Cash Flow & Return metrics
• Color-coded underwriting outputs

Automated Financial Modeling

• Auto-calculating formulas
• Debt sizing analysis
• Loan proceeds calculations
• Debt service calculations
• Stabilized value calculations
• Purchase & refinance analysis

Advanced Valuation Tools

• Cap rate valuation
• Price per unit analysis
• Price per square foot analysis
• Exit valuation scenarios
• Sensitivity analysis tables

Institutional-Style Underwriting

• Vacancy assumptions
• Expense ratio analysis
• Rent growth assumptions
• Operating expense growth
• Stress testing metrics
• Lender underwriting metrics

Easy-to-Use Interface

• User-friendly navigation
• Professional formatting
• Organized input sections
• Color-coded input & formula cells
• Easy customization

Designed for Real-World CRE Transactions

Perfect for:

• Acquisitions
• Refinances
• Bridge loans
• Value-add deals
• Stabilized assets
• Investor presentations
• Loan packaging
• Capital raising
• Internal investment committee review

WHO THIS MODEL IS FOR

✔ Commercial Real Estate Investors

✔ CRE Brokers

✔ Loan Brokers

✔ Mortgage Bankers

✔ Syndicators

✔ Developers

✔ Acquisition Analysts

✔ Family Offices

✔ Private Equity Firms

✔ Real Estate Entrepreneurs

WHAT YOU RECEIVE

✔ Fully Editable Excel Underwriting Model (.xlsx)

✔ Professional MDN Capital Consulting Branding(editable)

✔ Automated Financial Calculations

✔ Institutional-Style Dashboard

✔ Multi-Property-Type Underwriting Framework

✔ Clean & Easy-to-Use Layout

WHY THIS MODEL STANDS OUT

Most free underwriting spreadsheets are outdated, confusing, or poorly designed.

The MDN Advanced CRE Underwriting Model™ was built to provide a professional, clean, and practical underwriting framework that can actually be used in real-world commercial real estate transactions.

This model combines institutional underwriting logic with a streamlined user experience making it powerful enough for experienced professionals while still easy to use for newer investors.

SOFTWARE REQUIREMENTS

Microsoft Excel (.xlsx compatible)

Recommended:

• Excel 2019 or newer
• Excel for Microsoft 365

CREATED BY

MDN Capital Consulting, LLC

Commercial Real Estate Capital Advisory & Structured Finance

Website: www.mdncap.com

IMPORTANT DISCLAIMER

This model is intended for financial analysis and educational purposes only. Users should independently verify all assumptions, calculations, and investment decisions. No investment, legal, tax, or financial advice is being provided.