A project can be analyzed as a "pro forma setup" or as "cash flow over time." The construction period and the operating periods may be of any length (monthly, quarterly, annual). Construction and operating periods may overlap. The projection period can be virtually unlimited (e.g. 50 years). All timing factors can be input as dates, so that permanent or equity funding can be available during construction or long after opening date.
ProCash© will assume the user desires an annual projection of operating accounts unless otherwise instructed. If a quarterly projection is desired, then MV should be set to 4. If a monthly projection is desired, then MV should be set to 12.
A fifteen year operating projection will be made unless the user otherwise instructs ProCash© through MV. Setting MV to a value of 5 would instruct ProCash© to make a five year projection provided that MV has the default value of 1 for annual.
If the project includes a development or construction process, then these periods will be additional to the operating periods projected. The default value for the definition of development periods up front is annual. (This is so that the acquisition of existing projects will be represented as a time period prior to operating results in order to give a reasonable calculation of internal rate of return.) If a construction process is to be simulated, the user will probably wish to set the value of MV to 4 for a quarterly simulation of the construction process, or to 12 for a monthly simulation of the construction process. Of course, QTR and MV must be defined accordingly.
Unless ProCash© is otherwise instructed, it will print column headings as sequential numbers starting with zero or one. If the user wishes column headings to be years, MV can be set to identify the first year. If MV indicates other than an annual projection, the system will adapt headings appropriately.
|AVI||When equity contribution available||380||3|
|AVI||No.Periods to project (MV period definition)||380||3|
|AVI||Mortgage close (mos.after opening, % rented, or date)||380||2|
|AVI||Start of construction loan availability||380||1|
|AVI||Date of costs to date (CM[;6])||380|
|AVI||Opening date for property||380|
|AVI||Date permanent mortgage deal made||380|
|AVI||When land sale-leaseback transacted||380|
|MV||Periods/Year for Operations||380|
|AVI||Project Opening Staggered(.5=halfway thru AVI)||380|
|MV||Cash Advances End of Period (0) Midway (.5) Beginning (1) °||380|