Off-market sourcing and institutional underwriting for single-family and 2-4 unit residential, matched to counterparties who have already bought that kind of property. A full LP/GP multifamily model sits beside it. The models are downloadable, so the assumptions can be read rather than taken on trust.
On the acquisition side the platform sources property off-market from county records and a vendor data feed. Single-family and 2-4 unit are searched separately, because one comp median cannot describe both. It builds a comp set, estimates repairs, bridges to an after-repair value, and sets a maximum offer. That offer is capped by what a flipper or a financed rental counterparty can actually pay rather than by a target margin. Those are different numbers, and pricing to the second produces contracts nobody wants.
It also runs the other way round. The platform tracks who is actually buying in a market, reconstructs each counterparty’s mandate from the purchases they have really made, and sources against a counterparty who exists rather than hunting for one after the fact.
On the institutional side it runs a ten-year discounted cash flow, levered and unlevered returns, a debt schedule with a coverage test and a debt yield, an exit priced off forward net operating income, and a four-tier LP/GP waterfall.
Every model output reconciles to the underlying engine to the cent, and every figure that is an estimate says so next to itself.
County deed data and a vendor property record feed a comp set. The comp set sets an as-is value. A repair estimate bridges it to an after-repair value. The offer is capped by what a real counterparty can pay. Duplexes through fourplexes run the same path on a rent roll, then the deal is matched against observed acquisition mandates and the counterparty package is computed on the counterparty's own basis.
The same engine, carrying what an institutional deal requires: unit mix, itemised operating expenses, economic vacancy beside physical, a debt schedule with coverage and debt yield, and an LP/GP waterfall with a preferred return, return of capital, GP catch-up and promote tiers.
The whole process in order, from working out who buys in a market to the offer that goes to a seller. Acquisition mandates, off-market sourcing, comps, the tier gate, repair scope, the DCF and the waterfall, and how MAO gets set by what a real counterparty can pay.
A single-family acquisition in Memphis and a forty-unit multifamily model, both with the workbook available to download. Both are examples, and both are labelled as such.