Underwriting

UNDERWRITING

What each deal was bought on, and the document that says so · 11 deals · edit here, no deploy needed

This page is the record. These rows were seeded once from the UW ROI sheet of the master distribution workbook and are owned here now. Saving stamps your name, and the importer skips any row a person has touched — so a correction made here survives a re-seed.

Years are the underwriter’s own. Year 1 starts on the funding date, not in January. The calendar columns are derived from them by day-weighting each investment-year across the year — the rule that reproduces 974 of the 300 calendar cells that were worked out by hand.

Blank is not zero. Where the projection does not reach a year, the calendar cell is empty rather than 0: “projects nothing” and “projects zero return” are different claims, and CF-4 divides by this.

Deal	Source document	2024	2025	2026	T-12
Clearwater Storage edited	https://northwind.sharepoint.example.com/sites/operations/Shared%20Documents/Deal%20Documents/Clearwater%20Storage/Underwriting	4.6%	6.0%	7.3%	6.7%
Crosswater Portfolio edited	https://northwind.sharepoint.example.com/sites/operations/Shared%20Documents/Deal%20Documents/Crosswater%20Portfolio/Underwriting	8.3%	9.6%	10.4%	10.3%
Eastport Distribution Center edited	https://northwind.sharepoint.example.com/sites/operations/Shared%20Documents/Deal%20Documents/Eastport%20Distribution%20Center/Underwriting	4.6%	5.4%	7.0%	6.8%
Lakeshore Terrace edited	https://northwind.sharepoint.example.com/sites/operations/Shared%20Documents/Deal%20Documents/Lakeshore%20Terrace/Underwriting	6.7%	8.2%	8.3%	7.9%
Maple Court Apartments edited	https://northwind.sharepoint.example.com/sites/operations/Shared%20Documents/Deal%20Documents/Maple%20Court%20Apartments/Underwriting	7.5%	8.0%	8.9%	8.6%
Northgate Plaza edited	https://northwind.sharepoint.example.com/sites/operations/Shared%20Documents/Deal%20Documents/Northgate%20Plaza/Underwriting	9.0%	—	—	—
Oakline Flats edited	https://northwind.sharepoint.example.com/sites/operations/Shared%20Documents/Deal%20Documents/Oakline%20Flats/Underwriting	5.6%	7.4%	7.8%	7.7%
Riverbend Commons edited	https://northwind.sharepoint.example.com/sites/operations/Shared%20Documents/Deal%20Documents/Riverbend%20Commons/Underwriting	8.5%	9.0%	—	—
Summitwoods Apartments edited	https://northwind.sharepoint.example.com/sites/operations/Shared%20Documents/Deal%20Documents/Summitwoods%20Apartments/Underwriting	5.9%	7.6%	7.9%	7.9%
Sunbelt Logistics Park edited	https://northwind.sharepoint.example.com/sites/operations/Shared%20Documents/Deal%20Documents/Sunbelt%20Logistics%20Park/Underwriting	7.8%	10.0%	—	—
Willow Creek Shops edited	https://northwind.sharepoint.example.com/sites/operations/Shared%20Documents/Deal%20Documents/Willow%20Creek%20Shops/Underwriting	5.0%	7.1%	7.4%	7.4%

Percentages may be typed either way — 9.5 and 0.095 both mean 9.5%. Anything above 3 is read as whole percent, because no cash-on-cash fraction is 300%.

ADD UNDERWRITING 24 active deals have none on file

Deal

Funded

Source document

IRR

Multiple

Year 1

Year 2

Year 3

Year 4

Year 5

Years 6–10 can be filled in on the row once it exists. A deal with only Year 1–5 projections simply has no comparison once it passes year five, which is the honest answer rather than a flat extrapolation.