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From Assumptions to Accuracy: Bulletproof Your Deal

It’s not enough for the model to look good, it needs to hold up under pressure. That means every assumption must be backed by real data, logic, and local context.

When we underwrite acquisitions, we don’t just plug numbers into a spreadsheet, we ask the hard questions:

  • Are the rent comps actually comparable? Same finishes, concessions, and timing?

  • Does the T-12 hold water? Does the projected stabilization really make sense?

  • Are the expenses benchmarked to market reality, or wishful thinking?

  • Have property taxes been reset post-sale?

  • What happens to returns when interest rates, cap rates, or rents shift?

And for development projects, we go even deeper:

  • Are your hard and soft costs based on real bids or just ballpark guesses?

  • Is the entitlement, permitting, and lease-up timeline even possible?

  • Is your lease-up velocity backed by absorption data, or hope?

  • Do your rent projections and exit cap make sense based on nearby deliveries?

  • Most importantly: what happens when costs go up or timelines slip?

We provide a full underwrite and walk you through the realities of the deal, not just the pitch.

That includes:

  • A custom financial model

  • Investor-ready materials

  • A backup report that defends every assumption

If you're serious about raising capital and running the numbers right, this is the standard.

Let’s talk!

Jeph Burnett