Income & exit assumptions
Sets the appraisal's rental level and exit yield directly (Income ÷ Yield = Value). Construction costs are unaffected. Workbook baseline: £30/sqft at 6.30% yield.
Annual net cash flow by tranche
Investment (draws), return, equity sweep, disposal surplus and combined debt service — years 1–
Financing waterfall — Scenario 1 close-out
Amounts committed, drawn, and returned at disposal (month set by hold period)