This is an illustrative example of our advisory process and does not describe a specific client or actual results.
01 · Client Need
An investor wanted to move from single-family rentals into a small multifamily property.
02 · Challenge
Offering memoranda showed optimistic projections that didn't match actual operating history.
03 · Analysis
We rebuilt the operating statement from actual rents and expenses, then reviewed NOI, cap rate and DSCR assumptions.
04 · Strategy
Target properties where value could be added through management and modest improvements.
05 · Action
Underwrote several properties conservatively and coordinated with lenders on DSCR financing.
06 · Outcome
Illustrative example: the investor made a decision grounded in realistic numbers.
07 · Next Steps
Develop an improvement and long-term hold plan.