How It Works

From OM to IC-ready, without the mystery.

A fixed process with no silence in it: what happens each day, exactly which documents to send, and the working policies — payment, revisions, dead deals, confidentiality — in plain sight.

Engagement Timeline

A full underwriting, day by day.

The four phases from the home page, opened up. Development models and studies run longer; Deal Screens compress this to 48 hours. Either way, the structure is the same: fixed scope, batched questions, no silence.

Day 0

Intake

Deal lands via the form or email. Mutual NDA signed same day if needed. Fixed quote and delivery date confirmed in writing — usually within hours.

Day 0–1

Kickoff

50% deposit invoiced. Documents reviewed, gaps flagged immediately, question list opened. No modeling on guesses that could have been answers.

Days 1–3

Build

T-12 normalization, rent roll digestion, model construction. Questions batched into one daily email at 5pm ET — never a drip of one-off pings.

Day 4

Draft & review

Draft workbook delivered. A 45-minute walkthrough call covers every driver and assumption; quick adjustments happen live on the call.

Day 5

Final delivery

Final unlocked workbook plus PDF exhibits, versioned and named cleanly. Balance of the fee invoiced net-7.

+30 days

Revisions live

Two full revision rounds stay open for 30 days — new debt quotes, updated assumptions, revised business plans. Most deals use both.

Document Checklist

What to send. Send what exists.

Nobody has all of this on day one — gaps get flagged and worked around, not ignored. This is the full institutional diligence list; the items in the first card are enough to start most underwritings.

Financial & Operating

Enough to start · acquisitions
  • Rent roll — current, certified if possible
  • T-12 trailing operating statement + T-3 or YTD
  • Prior year(s) financial statements
  • Seller / sponsor budget or pro forma
  • CAM reconciliation statements (commercial)
  • Utility bills & detailed expense backup

Deal & Legal

As the deal progresses
  • Offering Memorandum from the broker
  • LOI or draft Purchase & Sale Agreement
  • Existing loan docs or term sheet (assumptions / refis)
  • Title report / title commitment
  • Survey
  • Zoning report or confirmation letter
  • Lease abstracts or full leases (commercial)

Physical & Environmental

Diligence period
  • Property Condition Assessment / engineering report
  • Phase I ESA (and Phase II, if triggered)
  • Insurance loss runs & current policy
  • Tax bills & assessor records

Ground-Up Additions

Development deals
  • Entitlement documents & permits
  • GC construction budget / bids
  • Architectural & engineering drawings
  • Construction schedule from the GC
  • Appraisal, if one exists
  • Market or feasibility study

Working Policies

The fine print, in plain sight.

Communication

Questions batched into one daily email during builds. Anything you send gets a response within one business day, Eastern.

Payment terms

50% deposit to begin, balance net-7 at delivery. Retainers invoice monthly in advance. ACH, check, or card.

Revisions

Two full rounds included on every fixed-fee engagement, open for 30 days. Structural scope changes are quoted in writing before work continues.

Dead deals

You pay for work performed, capped at 50% of the quote — and that amount credits toward your next deal within 90 days.

Rush work

A full underwriting in 48 hours runs +50% of the standard fee, capacity permitting. Deal Screens are already 48 hours at no premium.

Quality control

Every model passes a two-stage audit checklist — formula integrity, then assumption sanity — before it ever reaches your inbox.

Confidentiality

Mutual NDA before documents move. Files stored encrypted, never shared, purged after the engagement on request. Never both sides of one deal.

File delivery

Unlocked .xlsx with transparent formulas, PDF exhibit set, clean version naming. Your template or mine. No black boxes, ever.

Have a live deal on the desk?

Send the basics through the intake form — a fixed quote and delivery date come back within one business day.

Submit a deal