Estimating monthly NOI during lease up + interest reserve
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[{"id": "iqjtyaw", "text": "Usually in my MF DCF i do two separate analysis for the pre-stabilization construction period and after stabilization.\n\nFor the construction period make a column for each month.  Your expenses won't change much but for occupancy I usually show equal absorption for each month.  \n\n&amp;#x200B;\n\nI would just put the retail into the stabilized period and consider the construction period to be the lease-up period, provided it's small as you make it seem.", "replies": [], "depth": 1}, {"id": "iqkr0f9", "text": "Take the number of units you need to lease and divid that by 0 months. That number will be how many new leases you need a month. Then run the numbers for NOI for each month based on those new leases. Then you know your breakeven occupancy date to decide about reserves. Boom.", "replies": [], "depth": 1}]