Screen a deal before you build the model.
Ten numbers off the first page of an offering. Back comes the arithmetic the deck leaves out, measured against the ranges a lender expects, then pushed through six things that actually break deals.
Worked out in your browser. Nothing you type leaves your machine, so real figures are fine.
The working
Ranges: general US conventional multifamily, 2025–2026. Your market and vintage will move them, cap rates most of all.
Where these thresholds come from
Each one has a piece behind it — why 1.25, why break-even matters more than the cap rate, what a reserve is supposed to cover. One short read every other day.
No pitches and no deal offers. Unsubscribe any time.
Educational only. Not an offer to sell or a solicitation to buy any security, and not investment, legal or tax advice. This tool screens arithmetic against general market ranges. It does not value a property, knows nothing about the sponsor, the submarket or the physical condition of the asset, and is not a recommendation to invest or to decline. All investments involve risk of loss.