“It’s a full team solely focused on the Due Diligence”
“It’s more than a second pair of eyes–it’s a full team that is solely focused on the Due Diligence of a project and nothing else. They dig into everything, they question everything, they double check everything. They are exactly what we need when we’re doing a lot (of deals) at once and we want to make sure everything is covered”
Your investment and reputation. Your investors’ money and trust.
When there’s lots on the line, we’ll make sure you’re covered.
Our only interest is your best interest.
No cuts, no kickbacks, no commissions, ever.
Pick a package, or curate your own from the service list in the next section.
(yeah, we’re flex like that!)
We’ll have a quick call, introducing you to the team members who’ll be working on your project.
We’ll send you an email with all the documents and data we need from you, then update you on our progress as we go.
After 2 weeks, you’ll get a detailed PDF that contains our findings, analysis and recommendations. Questions or changes? We’ll make as many as you need within 2 weeks of delivery.
- Light Financial Cash flow Analysis
- Light Market Analysis
- Basic Financial Underwriting + Financial Model
BASIC FINANCIAL REVIEW
- Basic Cash Flow Analysis
- Operating Statement Review and Verification (trailing 24 months)
- Lease Audits (spot check)
- Lease Abstracts
- Service Contract Review
- Insurance Claims Review
BASIC MARKET ANALYSIS
- Light Market Analysis (comparable property analysis)
COMPREHENSIVE FINANCIAL REVIEW
- In-depth Cash Flow Analysis
- Operating Statement Review and Verification (trailing 24 months)
- Lease Audits (residential)
- Lease Abstracts (commercial)
- Service Contract Review
- Insurance Claims Review
- Maintenance/CapEx Budget
- Value-Add Feasibility
- CAM Reconciliation (commercial properties)
- Tax Assessment Review
- Comprehensive Contract Review
COMPREHENSIVE MARKET ANALYSIS
- Comparable Property Analysis
- Market Demographics and Demand Trends
COMPREHENSIVE SITE REVIEW
- Unit Walkthroughs
- Comprehensive Asset Characteristics Summary
- Document and Public Record Review
- Zoning & Permitted Use Review
- Third Party Report Review/Order
- Site Visit
- Capex for Deferred Maintenance and Value Add Options
- Common Interior and Exterior Spaces
We’ll have a quick call, introducing you to the team members who’ll be working on your project.
We’ll send you an email with all the documents and data we need from you, then update you on our progress as we go.
We’ll present the model to you live, showing you how the underwriting works and how you can manipulate it and pull different levers to get the outcomes you want. The editable Excel model belongs to you forever.
You’ve got two weeks to go through it all, ask questions, and request as many revisions, adjustments or changes as you like.
- BOTE Preliminary Underwriting Proforma
- In-place financial summary
- Income and Expense Projections
- CapEx Budget
- Debt Terms
- Sale Detail
- Cash Flows and Returns
- Investor Waterfall
We’ll have a quick call, introducing you to the team members who’ll be working on your project.
We’ll send you an email with all the documents and data we need from you, then update you on our progress as we go.
After 2 weeks, you’ll get your designed comprehensive OM. Questions or changes? We’ll make as many as you need within 2 weeks of delivery.
Strategy + Content
We’ll compile all the information about the property including financial data, property descriptions, market analysis, and legal considerations, ensuring investors have everything they need to make decisions.
design
We’ll create a sleek, engaging and professional document, packed with charts, photographs, and easy-to-read information, to display your property in the best possible light so investors are confident to jump on board.
Every last box checked.
Because finding out the deal was a doozy–after the fact–is not one of the finer experiences in life.
Your properties zoning and permitted use dictates its potential. We’ll do a deep dive to check zoning, air rights, density limits, parking regulations, and more. Our aim? To provide you with a comprehensive understanding of the conditions, restrictions, and viable options for the property.
Undisclosed liens, outstanding violations....those things will cost you. We’ll obtain and review all the the official documents from government agencies to check for any potential obstacles.
We’ll double-check the property’s exact boundaries, legal ownership, and legal history, to ensure the property’s titles are clean and clear.
We’ll see if your eligible or up for renewal with any government programs, and create the a tailored package/ application that gives you the best chance of achieving.
We’ll look at third-party reports like engineering assessments, geotechnical reports, and property condition assessments to uncover any potential risks or issues with the property.
Exterior issues like mold or facade deterioration. Interior finds like mismatched appliances or old windows. These kinds of things can increase or decrease the property’s ROI by hundreds of thousands of dollars–and can only be uncovered in a site visit.
Can we do any renovations or enhancements to add value to the property? We’ll explore and present different strategies that are a good fit for your property, outlining the full scope + hidden investment and returns, so you can make an informed decision.
Your leases are the properties’ lifeline. We’ll reconcile your leases with the rent roll to make sure they're billed accordingly and that they accurately show which units are vacant or occupied.
We’ll review the lease terms and conditions to understand what your obligations and rights are, so you’re not locked into anything that is against your best interests.
Don’t let CAM costs catch you off guard. We’ll look into the payment structure for shared spaces like gyms, lobbies, and parking lots to find out what on your plate, what’s your tenants’, and ensure its all distributed correctly.
We assess the properties income against it’s expenses to ensure the property is profitable by a sustainable margin.
We'll dive into the history of past and ongoing insurance claims to ensure you have the right coverage to keep your property protected, and to uncover any potential property issues.
We’ll check what the upgrades and maintenance plans are, so you know how much it will cost to run a full operational capacity.
It’s all in the fine print. We’ll check all agreements and contracts related to a property to make sure your covered and protected against any legal issues, liability, or hidden costs.
Every income and expenditure from the last 24 months gets reviewed to make sure its all matches up.
We’ll review your tax assessment to ensure your being taxed fairly based on your properties true value–not more, and not less. Plus, we’ll explore any reductions or incentives you could benefit from.
We'll dig deep into the trends, economic indicators, and demographics of the local market (like family type, age, school district, median income) to assess where it is, and where it’s heading. This ensures your property plan is on par with the market’s trajectory, maximizing it’s potential for success.
See how you stack up against similar properties in the same area to see how potential rents are aligned with market standards.
We’ll document the purchase price and going-in metrics and we’ll review the rent roll summary, unit mix, average in-place rents and the historical T-12 financial summary. This way, you can accurately gauge your potential income and expenses.
We’ll lay out rental projections, a lease up schedule, concessions and other income. We’ll give you estimated vacancy and growth rates and factor in a projected amount of operating expenses. And you’ll get an accurate picture of the rewards and the risks, plus creative options on how to mitigate the risks to make it work for you.
We'll assess loans or mortgages to secure the most suitable funding for purchase or development. We’ll establish construction and permanent debt assumptions, LTC/LTV and DSCR constraints, interest rates, debt and prepayment fees, amortization, the IO period and rate caps. All the while, making sure all terms are aligned with your financial strategy.
Working off our experience, we'll ensure proper planning to keep your asset on track and within budget. We'll craft a CapEx plan, establish timelines and phases, and allocate costs and funding schedule for optimal execution.
Your monthly and annual cash flows are the meat and potatoes of your deal. We’ll draw up a comprehensive cash flow chart for both monthly and annual terms and give you a variety of return metrics based on these charts.
Based on your model of income and expense, we’ll calculate your sale assumption costs and sale metrics so that you can see what your exit will look like.
Get a structured investor return plan based on your agreed percentages and tiers, so the distribution of profits is fully transparent to everyone involved.
Boom. Bang. Bam. Done.
Everything you’d expect, and way more.
One rep. A rep who knows the ins and out of your property, where the project is at, and can get you any answer you need.
(oh, and our average response time is 6 hours. sweet, no? ).
We know–you need this yesterday. We parcel out the project and have several team members working different parts of due diligence simultaneously. So you get the in-depth analysis you need, without sacrificing time.
A full team of experts analyzing your deal all for one flat rate. And having all those experts in-house means that no matter the question, deal type, or scenario, we probably have the knowledge you’re seeking– and we’ll definitely have an opinion.(And not that we’re keeping track, but we kinda have a track record.)
It’s not just about analyzing numbers or crunching scenarios, it’s about a gut feel and market insights we’ve built over years of analyzing thousands of deals in every market. Put it this way: there’s very little (almost nothing) you can get past us.
All the tech and tools to give you the data you need
Yeah, we know HappyCo, CoStar, and Yardi. And pretty much all the tech use. So no matter the property, project, or operational platform, we can jump in and get right to work.
See our chops.
If it’s CRE, bring it on
They’re killing it.
(and we couldn’t be be prouder)
