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02
Underwriting and IC
Acquisitions principal
Should we pursue this deal, under what conditions, and at what maximum price?
Underwriting and IC · Evidence Intake
Northgate Apartments · decision package
One pursued transaction · six required source classes · intake owner: Mei Chen · package as of Sep 12, 2024 10:32 PT
Intake question
Is the evidence package decision-ready?
This queue checks evidence coverage for Northgate; it does not rank or source new opportunities.
Package readiness
83%
5 of 6 source classes usable
Verified coverage
2
T-12 and rent roll reconciled
Open exception
1
Title easement acknowledgement
Pending evidence
1
PCA due Sep 13 at noon
Required source register
Coverage, freshness, owner, and decision consequence
Synthetic sample · no live data-room connection implied
| Source class | Status | Coverage | As of / due | Owner | Decision consequence |
|---|---|---|---|---|---|
| Offering memorandum | Received | Parsed · 34 facts | Sep 12 · 08:41 PT | Mei Chen | Supports initial deal facts |
| T-12 operating statement | Verified | 12 / 12 months | Sep 12 · 10:14 PT | Mei Chen | Actual NOI basis reconciled |
| Unit-level rent roll | Verified | 184 / 184 units | Sep 12 · 10:18 PT | Mei Chen | In-place rent and occupancy confirmed |
| Debt term sheet | Received | 1 lender quote | Sep 12 · 09:56 PT | Lucas Brooks | Debt sizing basis available |
| Preliminary title report | Exception | 1 open easement | Sep 12 · 10:04 PT | A. Morgan | Counsel acknowledgement required |
| Property condition assessment | Pending | Fieldwork complete | Due Sep 13 · 12:00 PT | Ravi Patel | Renovation basis remains conditional |