Investment Analysis
Cap rate, NOI, cash-on-cash return, IRR, equity multiple, rent roll, vacancy, reserves, and sensitivity analysis.
Real estate CFO advisory
Review the investment, financing, valuation, market, and tax structure before you commit.
For Vancouver and BC investors who need more than a tax answer or a mortgage quote. The question is whether the whole decision works.
The real estate decision journey
HS Strategic CFO Advisory uses a full-cycle view: identify opportunity, underwrite, structure financing, acquire or secure the site, develop/build, operate, and exit.
01Market & opportunity
02Cash-flow underwriting
03Financing structure
04Acquisition / site control
05Development / build
06Operations & reporting
07Exit planning
Financing Strategy
LTV, DSCR, refinancing exposure, rate stress, senior debt, mezzanine debt, preferred equity, and owner capital allocation.
Market Analysis
Supply/demand, submarket drivers, rent growth, employment/population signals, and Vancouver-specific risk context.
Valuation & Feasibility
NOI-based valuation, comparable sales, DCF, feasibility analysis, exit cap sensitivity, and development economics.
Tax Planning & Structuring
Personal vs corporate ownership, CCA, GST/HST, principal residence, change of use, holding companies, and exit tax.
Buy / Hold / Sell
Decision memos that show what changes under sale, refinance, transfer, redevelopment, or long-term hold scenarios.
Underwriting is where the expertise shows up.
A serious review does not stop at rent minus mortgage. It reconciles the property, the financing, the tax position, the market, and the exit path into one investment answer.
Income and lease quality
Rent roll, tenant mix, lease expiry profile, market rent versus in-place rent, vacancy burn-off, other income, operating expenses, and adjusted NOI.
Return and risk metrics
Going-in cap rate, stabilized cap rate, cash-on-cash return, IRR, equity multiple, DSCR, LTV, refinancing exposure, and exit cap sensitivity.
Capital and tax structure
Senior debt, mezzanine debt, preferred equity, construction finance, CCA, GST/HST, land transfer tax, ownership structure, and after-tax exit scenarios.
For builders and developers, zoning potential still has to pass the math.
Policy upside is only valuable when it can be converted into feasible density, financeable construction, marketable product, and an exit price that leaves enough margin of safety.
- Compare current zoning, policy potential, FSR, height, site size, and precedent approvals.
- Translate buildable area into saleable area, revenue, hard costs, soft costs, contingency, financing, and developer profit.
- Test whether the project survives lower pricing, higher costs, slower approvals, and delayed presales.
Development feasibility lens
For a downtown Vancouver site, the key question is rarely only "what can be built?" It is what must go right for the project to work, and whether the land price already assumes a perfect outcome.
Start with a focused investment review.
The fastest way to find hidden risk is to examine the places real estate investments usually break.
Real Estate Investment Stress Test
5 minutes. Immediate result. Built for BC owner-investors.
Take the Test