Check a property can meet its loan covenants before your client signs the loan

For Real estate counsel · also Owner-operators & property managers, Family offices & private investors

Underwrite this: [address] from the attached T-12 and rent roll. Size the debt at [percent] LTV and [ratio] DSCR and compare it with the [loan amount] loan on offer — how much room is there on each covenant?

You give

The address; the T-12; the rent roll; the loan amount, the LTV, the DSCR from the term sheet

You get

Returns, NOI, cap rate, DSCR, sensitivity and a verdict on the entry price, in the assistant Often also: memo (PDF)