The  following are the standard documents that we  require from our Acquisition department prior to our review of a potential deal, the ” REMentor_Deal_Submission_Package”, Income and Operating Expense Used and Why Form Rev1, and the “UnderwritingTemplateREMentor-11-4″. These are the documents that you should be using to have your coach, Jeannie or I review your deal too.

Underwriting Template – http://rementor.s3.amazonaws.com/Webinars2015/MasterTeachCall_11:20_DOCS/UnderwritingTemplateREMentor-11-4.xls

Deal Submission Package – http://rementor.s3.amazonaws.com/Webinars2015/MasterTeachCall_11:20_DOCS/REMentor_Deal_Submission_Package.docx

Income and Operating Expense Used and Why Form – http://rementor.s3.amazonaws.com/Webinars2015/MasterTeachCall_11:20_DOCS/Income%20and%20Operating%20Expense%20Used%20and%20Why%20Form%20Rev1.docx

Income and Operating Expense Deal Analysis – http://rementor.s3.amazonaws.com/Webinars2015/MasterTeachCall_11:20_DOCS/Deal%20Analysis%20Teach%20Call%20IOEUW.docx

The parameters of the deal have be inputted into the document called ” Deal Analysis Teach Call IOEUW” which is also attached. This is a 160 unit apartment complex listed at $10,750,000. There is 142,000 Rentable SQFT, The lenders terms are 20% Down, interest rate 4.5%, 30 year AMORT, 3% closing Cost, 1 Loan Point, 5% acquisition Fee & a 25% Carve out for you. All of the Income and Expenses that you will need to input is listed on the ” Deal Analysis Teach Call IOEUW” form. Determine your Strike Price and your Offer Price. Watch as Jeannie and I input the numbers into the Underwriting Template and then tweak the numbers to get our Strike Price,

 

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