How a bridge lender checks a sponsor's business plan against the rent roll
A bridge lender can handle a business plan that assumes a lease-up or renovation premium by looking closely at the sponsor's projected rents and the rent roll in the package. Underwriting reads the offering memorandum and rent roll, then lists the gap between in-place and projected income with every assumption shown.
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A bridge lender can handle a business plan that assumes a lease-up or renovation premium by looking closely at the sponsor's projected rents and the rent roll in the package. Underwriting reads the offering memorandum and rent roll, then lists the gap between in-place and projected income with every assumption shown.
## What to check
| Check | Why it matters |
|---|---|
| Projected rent premium vs in-place rents | Shows how much income is still a forecast |
| Occupancy path in the plan | Tests whether the exit date is realistic |
| Reserve for renovation and leasing costs | Checks the loan funds the plan |
| Debt yield at stabilization | Tests the take-out |
| Tenant or unit mix change | Flags hidden execution risk |
## How Titleman fits
Titleman has two services for this work. Underwriting screens a deal from its documents and lists every assumption. Signals sends new deals in your territory. Send one deal to Underwriting and see the result before you decide anything.
## Frequently asked questions
**Which numbers does a bridge lender check first?** In-place NOI, debt yield on the in-place number, and the premium the plan needs.
**Where can I try it?** See [how Titleman Underwriting works](https://titleman.ai/) and send one deal.