Video 4-1 Introduction to Module 4 – Underwriting Welcome to Module 4 – Underwriting! Before jumping into the modules, please watch this brief video so you know what to expect!
Course 2.0 – Week 4
Video 4-2 – What You Need to Underwrite Deals This video introduces you to the essential documents you need to underwrite a deal correctly – the rent roll, year-end financial statement, T-12 financial statement, and aged delinquency report. Download Slides Addison Aged Delinquency Addison P&L 2017 Addison P&L 2018 Addison RR 10-2018 Addison RR 11-2018 […]
Video 4-3 – Introduction to the MFL Syndication Underwriting Model Version 2.0 In this video, Jonathan walks you through an orientation to the new syndication underwriting model. Be sure to watch this BEFORE you attempt to use the model or watch the other videos relating to underwriting. Syndication Underwriting Model 2019
Video 4-4 – Basic Underwriting – Income We start underwriting in earnest by showing you how to underwrite income properly and conservatively.
Module 4-5 – Basic Underwriting – Expenses In this module, Jonathan shows you how to underwrite your operating expenses, based on what the seller provides, and what adjustments you must make to account for your different expense structure after takeover.
Video 4-6 Basic Underwriting – Financing, Deal Expenses and Initial Capital Expenses Next, Jonathan shows you how to use the model to underwrite your debt financing, deal expenses, and initial capital plan.
Video 4-7 – Basic Underwriting – Pro Forma Projections and Exit Assumptions In this video, Jonathan demonstrates how to use the model to underwrite your pro forma 5 and 10 year projections, as well as your 5 and 10 year exit assumptions.
Video 4-8 – Basic Underwriting – Scenario Planning and Stress-Testing In this final walk through the various parts of the Underwriting Model, Jonathan shows you how to do scenario-planning and stress-testing for your deal.
Video 4-9 Basic Underwriting – Full Underwriting Example – Addison Townhomes 2018 In this video, Jonathan underwrites the Addison Townhomes deal start to finish, so you can look over his shoulder and see just how he approaches a deal.