Penaki

Our financial analysts, underwriting deals to your criteria.

Send us a deal and our analysts verify the files, build the model to your assumptions, price it at your target return and deliver a finished package.

Your deals with our analysts

4 active

TSMaple Ridge Apartments240 units · Austin, TXDelivered
RNLakeside Flats186 units · Tampa, FLIn review
TSPark Row312 units · Denver, COModeling
AKCedar Point164 units · Phoenix, AZDocuments in
Assigned analyst on every dealUpdates in Penaki

Underwrite more deals without adding headcount.

When deal flow is busy, our analysts take on the modeling so your team can focus on evaluating opportunities.

  • Assigned analyst on every deal
  • Live progress tracked in Penaki
  • Extra capacity during busy periods
  • Your team stays focused on decisions

What you receive

Maple Ridge Apartments

Clean rent roll and T-12

Checked against the source documents

Full underwriting model

Assumptions set to your criteria

Price at your target IRR

With loan sizing and returns

Excel workbook

Every formula intact

Summary of key findings

Risks, gaps and questions for the broker

Modeled to your firm's exact standards.

We work to your target returns, growth assumptions, debt limits and waterfall structure.

  • Your target IRR and promote hurdles
  • Your rent growth, expense and exit assumptions
  • Loans sized to your LTV and DSCR limits
  • Delivered in Penaki and as a live Excel workbook
Target IRR15%

Highest price that still hits it

$25.0M

Loan resized to match

Price per unit$104,200
Going-in cap rate5.8%
Loan amount$15.1M
Equity required$10.6M

Every broker claim checked against the actuals.

Our analysts compare the offering memo against the T-12 and rent roll line by line and flag questions to ask the broker.

  • OM compared with trailing T-12 actuals
  • Monthly expense spikes and anomalies noted
  • Rent roll verified against source files
  • Clear list of diligence questions for the broker

Offering memo vs. trailing 12

Maple Ridge Apartments

LineOMT-12Gap
Rental income$4.38M$4.20M-4%
Other income$0.36M$0.31M-14%
Operating expenses($1.89M)($2.11M)+12%
Net operating income$2.85M$2.40M-16%

Included with every deal

  1. Verified data

    Rent roll and T-12 figures checked against source documents.

  2. Complete model

    Operations, cash flow, debt and waterfall ready to review.

  3. Live Excel file

    Delivered with a formatted Excel workbook and live formulas.

  4. Findings summary

    Concise notes on risks, gaps and broker questions.