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Getting Started With Valuate by REFM
Getting Started With Valuate by REFM
Getting Started With Valuate by REFM
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Definitions
Page or Tab - each of the main screens of Valuate, accessed via the page navigation bar: Dashboard/Home (represented by the house icon) Cash Flows Purchase/Sale Sources of Funds, and Reports. Box - any of the rectangular boxed components of a Page, such as the Sale box Input field - any field into which a bold blue input is made, whether numeric or text. Input fields also include clickable radio buttons (even though not blue) and drop-downs Header bar - the dark gray bar across the page top where the following elements sit: page navigation bar, property information, including file name Share, File and Help buttons, and account management
Logging In
First time users need to create an account at https://beta.valuate-it.com by clicking create an account to create your user account. On your first login you will have immediate access to a new Demo transaction with some standard settings that will allow you to explore the applications functionalities. Returning users will go to https://beta.valuate-it.com and enter their Username and Password and then click Sign In If you have already created an account and have forgotten your password, click the ? button next to the password box to be sent a new password.
Using the Dashboard - Quick Video Tutorial on changing inputs - Quick Video Tutorial
on changing pages The dashboard brings together key inputs and calculations, allowing you to quickly explore various settings for the property you are analyzing. Where values are presented in blue you can change them by clicking, entering a new value, then pressing enter or clicking an area of the page outside the input you have changed. In the Unlevered Summary grid, you can change the Cap Rate blue values by double clicking on them.
Loading Monthly Property-Level Cash Flows Into Valuate (Cash Flows tab) Quick Video Tutorial The first thing you will want to do after creating a new property is to paste your propertys MONTHLY cash flows into Valuate (the current limit is 132 months of data, which equals 11 years). You may do so as follows: 1. Select the Cash Flows tab from the Header bar 2. Select all cells from your unlevered property-level cash flow projection (i.e., the projection that ends at Cash Flow Before Debt Service and Taxes) and copy to your clipboard a. If you are copying cash flows directly from ARGUS, select the entire screen area as you have always done and copy to your clipboard with Ctrl+C b. If you are copying cash flows from Excel, on the cash flow tab, do Ctrl+A* to select All, then do Ctrl+C 3. Switch back to Valuate, click in the Paste Unlevered Cash Flow Projections box and Ctrl+V to paste the values into the box 4. Press the Process Cash Flow button to upload your cash flows to the system * NOTE: If you have items other than the operating cash flow projection on your Excel cash flow tab (such as the ARGUS logo image and a property address header), please just highlight the rows starting with the top row of Month 1 Month 2 etc and then do Ctrl+C
Changing the Equity Structure (Sources of Funds tab) - Quick Video Tutorial
1. Choose One, Two or Three players; for each player, specify a name 2. Use the slider bar to specify the equity percentage for each player
Setting the Waterfall Structure (Sources of Funds tab) - Quick Video Tutorial
To set the waterfall structure(s), first specify the presence (or not) of a pro-rata Preferred return between the subject partners, and then select the Residual Cash Flow Split type (Single Residual Split or Multi-Tier Waterfall). Next define the IRR thresholds and promote amounts.
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Creating a New Scenario from an Existing Property File - Quick Video Tutorial
A new scenario can be created using an existing property file. For example, if you have created a base case scenario, you can create a separate file that shows an upside scenario for that transaction. To create a new scenario: 1. From the header bar, select File > Save As New > Scenario 2. Provide a new File Name name (for the current example, you could label it upside). NOTE: once copied, a scenario is a separate file. Any changes to property information such as property name or address will not be reflected in other scenarios for the same property, at present.
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