All services are advisory only. We do not perform inspections, due diligence, audits, legal services, securities services, or tax advice. All underwriting is for investment evaluation and educational purposes only. Clients retain full responsibility for verification of all data, completion of due diligence, compliance with securities laws, and all investment decisions. Past performance and projected returns are not guarantees of future results.
News
Avoiding the ARV Trap: Lessons from a 100-Unit Multifamily Rehab Deal
We are currently acquiring multifamily renovation projects with a group of partners, and one of the biggest lessons we’ve learned is simple: don’t trust the seller’s ARV estimates. Sellers often...
Avoiding the ARV Trap: Lessons from a 100-Unit Multifamily Rehab Deal
Avoiding the ARV Trap: Lessons from a 100-Unit Multifamily Rehab Deal
|Elias Ronstadt
How Flood and Windstorm Premiums Can Sink a Commercial Real Estate Deal
Sometimes it only takes one overlooked line item to turn a promising deal into a dead one. Recently, we underwrote a portfolio on the Florida coast that included a hotel,...
How Flood and Windstorm Premiums Can Sink a Commercial Real Estate Deal
How Flood and Windstorm Premiums Can Sink a Commercial Real Estate Deal
|Elias Ronstadt
Why You Can’t Trust a Broker’s Model: A Real-World Underwriting Case
I recently underwrote a 54 Unit Multifamily property in Des Moines, IA. When the seller’s agent first sent me their “detailed underwriting model,” I knew better than to take it...
Why You Can’t Trust a Broker’s Model: A Real-World Underwriting Case
Why You Can’t Trust a Broker’s Model: A Real-World Underwriting Case
|Elias Ronstadt
Midland, TX RV Park: Why I Passed (and Why Market Research Matters)
I recently underwrote a workforce-oriented RV park in Midland, Texas. On paper, it sounded like a interesting deal. The broker pitched it as being in a “high demand” market, promising...
Midland, TX RV Park: Why I Passed (and Why Market Research Matters)
Midland, TX RV Park: Why I Passed (and Why Market Research Matters)
|Elias Ronstadt
How to Underwrite a 700+ Unit Multifamily Deal in 8 Minutes (And Spot Bad Deals Fast)
In this video, I underwrite a 700+ unit multifamily property with an asking price of $75 million and a claimed NOI of $5.27 million, which the seller markets as a...
How to Underwrite a 700+ Unit Multifamily Deal in 8 Minutes (And Spot Bad Deals Fast)
How to Underwrite a 700+ Unit Multifamily Deal in 8 Minutes (And Spot Bad Deals Fast)
|Elias Ronstadt
$525 Billion in Multifamily Loan Maturities: What It Means for Investors in 2026
It’s December 2025, and the multifamily market feels like it’s standing on the edge of a cliff. Yardi Matrix is projecting that more than $525 billion in multifamily loans will mature...
$525 Billion in Multifamily Loan Maturities: What It Means for Investors in 2026
$525 Billion in Multifamily Loan Maturities: What It Means for Investors in 2026
|Elias Ronstadt