Author Archives: Vess1

[If you missed the last deal review live event, you can catch the Replay HERE.] Deal Context The asset under review was a multifamily property presented to a capital partner by an experienced sponsor operating in a growing market. The capital partner, approached to raise equity for the transaction, engaged me to conduct an independent […]

[If you missed the last live event where I provided a look behind the curtains on an actual deal, you can watch the replay HERE.] “The rent roll said $900K in income. The T12 showed $950K. What is going on?”That is the question I had while reviewing a $7.5MM, 50-unit deal. Turns out – 10 […]

Client Background The client is a capital allocator considering a multifamily deal with a heavy value-add component. The sponsor was a new relationship to them, and while the deal looked promising on paper, the complexity of the business plan prompted them to seek a deeper review. Results and Progress Through the Deal Review Service, the […]

[If you missed the last live event on Capital Calls, you can watch the replay HERE.] You receive a capital call email. The tone is urgent. The numbers are big. And you are wondering – is this normal or is the deal in trouble? Over the last 18-24 months, I have reviewed multiple capital call […]

[If you missed the last live event on Capital Calls, you can watch the replay HERE.] In prior posts and live events, I shared about the deal review my firm and I can help with. In today’s Underwriting Minute I want to share with you the evolution of a real time case study. Client Background […]

From Bulgaria to boardrooms, and everything in between. [If you missed my last pop up live event where I shared part of my personal story, you can catch the Replay Here.] I was born behind the Iron Curtain, in a world where traveling abroad felt like science fiction. Today, I help high-achieving professionals invest in […]

“This deal looks solid… until you add the debt and all in cost.” I have heard this line countless times in deal reviews – and more often than not, it comes down to one overlooked metric: Yield on Cost (YOC). While many investors obsess over cap rates, YOC is quietly doing the heavy lifting behind […]

Not All Deals Are Created Equal: Why an Independent Underwrite Review Can Save You Time and Money “I don’t have time to become an underwriting expert, but I still want to invest wisely.” I have heard that sentence from many investors more times than I can count – and I get it. In a market […]

[If you missed my last pop up live event, you can catch the replay HERE.] Not all Debt Service Coverage (DSC) covenants are created equal. Ignore that truth, and you might find yourself in default without even realizing it. After working on countless deals across asset classes and markets, I have seen how even seasoned […]

[If you missed the last live event on rent comps, you can catch the replay here.] “You can get the cap rate right… and still kill your deal if you miss the rent comps.” That’s the hard truth I have learned – and seen investors learn the hard way – over and over. After years […]