Underwriting Protocol

Capital preservation before yield projection.

Every sponsored syndication is evaluated against strict macro census trends, conservative debt structures, and immediate accelerated depreciation shelters.

100%

Asset-backed equity

K-1

Cost segregation pass-through

Acquisition Workflow

The four-step underwriting protocol

01
02
03
04

Block-level census analysis

Debt structuring

Physical engineering

Cost segregation

Targeting supply-constrained secondary markets with demonstrable job growth and zero overbuilding risk.

Deploying conservative fixed-rate leverage to protect downside equity across volatile macroeconomic cycles.

Executing rigorous mechanical inspections, structural audits, and deferred maintenance assessments prior to closing.

Engaging engineering specialists to front-load passive depreciation against active K-1 distributions.

Asset Inspection

Rigorous physical and financial verification

We verify rent rolls line by line, audit historical utility recoveries, and inspect every building envelope. Rent growth is never assumed; it must be proven through localized lease comparisons and verified tenant retention metrics.

Our managing principals examine each multi-family asset firsthand, ensuring structural stone and steel details match our strict underwriting thresholds before any capital is deployed.

Review our current syndication pipeline

Schedule a technical underwriting session with our managing principals to examine asset-level cash flow projections and tax shielding schedules.