You get to stabilization and the emails start. Refi quotes, broker opinions, a partner asking if now is the window. Everyone has a view, and none of it runs on the same math. The friction is not the concept. It is building two clean paths that treat cash, debt, taxes, and timing the same way. Most teams either rush it or fall back on a quick sketch that hides the real tradeoffs. Asset Management ~15 min to run Build Refinance vs Sale Analysis Vic prompt Use Vic to build a refinance versus sale analysis on my stabilized property. Purpose Clarifies whether to pull capital out now or continue holding, and quantifies the return impact of each choice. The analysis takes about 15 minutes instead of 150. Inputs Stabilized Noi Optional Stabilized Value Optional Current Debt Optional Equity Basis Optional Hold Assumptions Optional Exit Cap Optional Market Optional Outputs An Excel model with refi sizing, net cash-out waterfall, tax-deferred equity return, refinance-and-hold projections, outright-sale net proceeds, IRR and equity multiple for each path, plus a recommendation with decision drivers. Time saved Turns roughly 150 minutes of manual work into about 15 minutes. How it works You give Vic the basics you already have: stabilized NOI and value, current debt, equity basis, and your hold assumptions including an exit cap. You can add market context if you want it reflected. The inputs are light on purpose. The work is in the structure and consistency. Run it with a single line: "Use Vic to build a refinance versus sale analysis on my stabilized property." Vic builds an Excel model that sizes a cash out refinance off stabilized NOI and value, then calculates net proceeds after retiring existing debt and paying costs. It makes the tax deferred return of capital clear so you can see how much equity you pull out versus leave in the deal. From there, the model projects the refinance and hold path. Remaining equity, forward cash flows, and a future exit sit on the same assumptions you would use in a standard hold case. In parallel, the model calculates net sale proceeds today under an outright disposition, again after debt payoff and costs. No mixed conventions. No hidden timing differences. Both paths report IRR and equity multiple. That sounds basic, but it matters that they are computed on the same timeline and definitions. You are not comparing a levered refi case built one way to a broker sale sheet built another. It is one framework with two choices. The output includes a recommendation with the key decision drivers. This is where most internal debates stall, so it is spelled out: what drives the spread between the paths, how sensitive the outcome is to exit cap and hold assumptions, and where the refi proceeds change your effective basis going forward. What comes back An Excel model with refi sizing tied to stabilized NOI and value Net cash out waterfall after debt retirement and costs Clear view of tax deferred return of capital from the refinance Refinance and hold projections with remaining equity, cash flows, and exit Outright sale net proceeds today IRR and equity multiple for each path on a consistent timeline A recommendation with the drivers behind it This is for asset managers, owners, and developers who know the deal and need a clean answer fast. It does not guess your strategy. It puts both options through the same lens so the decision is about returns and risk, not whose spreadsheet you trust. A small aside. Teams often overweight the headline cash out number on a refi. Seeing the remaining equity and forward returns next to a clean sale today tends to cool that instinct. Sometimes the refi wins. Sometimes it is a modest IRR bump with more duration and operating risk. The point is you can see it in one place and defend it in the room. The time savings are real. What is usually a couple of hours pulling old models, normalizing assumptions, and rebuilding a sale case becomes a 15 minute run. More important, you stop redoing the same comparison every time a quote changes. Update the inputs, rerun, and the answer moves with it. If you are heading into a lender call or an investment committee, this gives you a single source of truth. Two paths, same math, clear recommendation.