About this video
Ellie underwrites a multifamily acquisition and connects a tax reassessment in the data room to NOI, loan coverage and the bid price.
Full description
Brackenfield Crossing, a multifamily acquisition: Ellie reads the diligence room by category and finds a property tax reassessment that changes year-one NOI and the going-in yield. The notice also triggers the covenant basis in a separate loan agreement, so coverage and the bid move together. Refresh of the Initial Underwriting and Data Room Summarizer demos.
Key points
- Data room summarised by category before underwriting
- Tax reassessment traced into NOI, yield and loan coverage
- Replaces the Initial Underwriting Loom demo
Part ofAcquisitions & due diligence
Video details
- Roles
- Owner, Investor / LP, Lender
- Processes
- Acquisitions, Due Diligence
- Geographies
- US
- Markets
- United States
- Tags
- author-demo-2, underwriting, multifamily, refresh