Services & Scope

Every analysis a deal needs. One desk.

Twelve services spanning the life of a deal — from a 48-hour screen to full development modeling, market studies, audits, and standing advisory. All fixed-fee, all unlocked, all built by the same analyst.

Full Scope

Twelve ways one desk earns its fee.

Every engagement below ships as unlocked, formula-transparent Excel with documented assumptions, a review call, and two revision rounds. Fixed fees are confirmed in writing before work begins.

UW—01

Acquisition Underwriting

The core product: a full institutional underwriting of a stabilized or value-add acquisition, built to hold up in front of lenders, LPs, and committees.

Includes
  • Dynamic 10-year DCF, monthly granularity
  • T-12 normalization & rent roll digestion
  • Debt sizing — agency, bank & bridge
  • Sensitivity tables + structured downside case
  • IC-ready tear sheet & assumption book
  • Review call + two revision rounds
from $849/ deal
3–5 business days
UW—02

Development Pro Formas

Ground-up and heavy-reposition modeling from land basis through stabilization — the numbers a construction lender and an equity partner both need to see.

Includes
  • Full development budget, hard/soft cost detail
  • S-curve draw schedule, monthly
  • Construction-to-perm financing structure
  • Lease-up & absorption modeling
  • Trended vs. untrended yield on cost & dev spread
  • Lender-package-ready exhibits
from $1,450/ project
5–8 business days
UW—03

Equity Waterfall Modeling

Partnership distribution structures modeled to the penny — as a bolt-on to any underwriting or as a standalone audit of terms you've been offered.

Includes
  • American (deal-by-deal) & European (whole-fund) structures
  • Preferred returns, IRR hurdles, catch-ups
  • Promote crystallization & GP co-invest
  • Fee load modeling (AM, acquisition, disposition)
  • Per-tier audit tab proving every dollar
from $600add-on / $950 standalone
2–3 business days
UW—04

Investor & IC Materials

The story layer on top of the model: memoranda and exhibits your capital partners can read in ten minutes and defend in sixty.

Includes
  • Investment memorandum drafting
  • 1–2 page executive summary / teaser
  • Returns exhibits & sources-and-uses summary
  • Risk matrix with mitigants
  • Branded, board-quality formatting
from $650/ package
2–4 business days
UW—05

Model Audits

A forensic second pass on a model you built or inherited — before an investor, lender, or partner finds the error for you.

Includes
  • Formula integrity & precedent mapping
  • Circularity, broken links & hard-code hunt
  • Assumption benchmarking vs. market
  • Error memo with severity ratings & $ impact
  • Fixed-fee quote to rebuild if warranted
from $500/ model
2–3 business days
UW—06

Asset Management Models

Post-close analytics that keep the business plan honest — budget vs. actual, hold/sell math, and refinance timing.

Includes
  • Quarterly reforecasts against budget
  • Hold / sell / refinance scenario analysis
  • Variance dashboards for investor reporting
  • Loan covenant & DSCR tracking
  • Annual business plan updates
from $750/ asset
3–5 business days
UW—07

Market & Feasibility Studies

Demand-side evidence for the rent you're underwriting — a focused study, not a 90-page boilerplate report.

Includes
  • Demographic, employment & migration drivers
  • Supply pipeline & deliveries mapping
  • Rent & sales comps grid, adjusted
  • Absorption & achievable-rent conclusion
  • Feasibility verdict tested against cost basis
from $1,250/ study
5–7 business days
UW—08

General Advisory & Working Sessions

An analyst on call — talk through a deal, pressure-test assumptions, prep for a negotiation, or get coached through your own model on a screen-share.

Includes
  • Deal talk-throughs & assumption sparring
  • Live model coaching, screen-share
  • LOI / PSA negotiation prep on the numbers
  • Lender & investor call attendance
  • One-hour minimum, 15-minute increments after
$150/ hour
Same-week scheduling
UW—09

Due Diligence Support

Process management for the 30–60 days after the LOI — keeping the checklist, the leases, and the surprises organized.

Includes
  • DD checklist build-out & tracking
  • Lease abstraction (commercial)
  • CAM reconciliation review
  • Estoppel & SNDA tracking
  • Findings log with dollar impacts to the model
from $950/ deal
Runs with your DD period
UW—10

Broker Support — BOVs & OM Analytics

White-label analytics for listing brokers: pricing guidance that wins the pitch and financial pages that survive buyer scrutiny.

Includes
  • Broker opinion of value models
  • OM financial pages & pro forma exhibits
  • Buyer-ready sensitivity tables
  • Offer analysis during marketing
  • Fully white-labeled to your brokerage
from $600/ assignment
2–4 business days
UW—11

Debt & Refinance Analysis

Term-sheet math without the lender's framing — what the debt really costs, what it really sizes to, and when to refinance.

Includes
  • Side-by-side term sheet comparison grids
  • DSCR, debt-yield & LTV sizing
  • Rate cap cost & interest reserve analysis
  • Assumable debt vs. new debt math
  • Refinance vs. sale decision models
from $500/ analysis
2–3 business days
UW—12

ARGUS Enterprise Modeling

For institutional processes that run on AE — builds, audits, and reconciliation against Excel so the two never tell different stories.

Includes
  • ARGUS Enterprise model builds
  • AE audits & assumption reviews
  • Excel ↔ ARGUS reconciliation memos
  • Rollover & market leasing assumptions
  • Valuation DCF exports for appraisal review
from $850/ model
3–5 business days

Bundling: most engagements combine — a Full Underwriting + Waterfall + IC Memo package is quoted as one fixed fee, always below the sum of the parts. Describe the deal in the intake form and the quote comes back scoped.

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