Test a seller-financing note before your client takes it back

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

Underwrite this: [address] at [offer price] from the attached T-12 and rent roll. Size the debt at [percent] LTV and [ratio] DSCR, with a seller note of [loan amount] behind the senior loan — does the income cover both?

You give

The address; the offer price; the T-12; the rent roll; the loan amount of the seller note

You get

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