The committee package, written from the model.
FirmSource Intelligence turns the live underwriting into an IC-ready memo, with a clear pursue/pass recommendation, downside, base, and upside scenarios, a sensitivity grid, key risks and mitigants, and the thresholds that would break the deal.
A value-add B+ in a growth submarket. The going-in cap clears the box at a verified 5.6%, debt covers at 1.34× DSCR, and the reno-premium math holds even in the downside — the binding constraint is exit-cap risk, stressed below.
A decision package, not a summary.
A clear conviction call
Pursue or pass, with the conviction level and the gates the deal clears stated plainly up front.
Scenarios
Downside, base, and upside IRR and equity multiple, each grounded in the underwriting assumptions.
Sensitivity
Exit cap and rent premium shown in a grid, so the committee sees the range of outcomes instead of one headline number.
Risks and mitigants
The key risks, including renovation pace, cap-rate expansion, and tax reassessment, paired with how the deal structure addresses them.
What kills the deal
The explicit thresholds that would break the thesis, so the committee debates the real constraints.
Cited and disciplined
Every figure traces back to the model, so the memo argues from evidence instead of the broker's narrative.
An approved deal becomes a live raise.
Once the committee clears the deal, the approved terms carry directly into the capital raise, including target equity, LP/GP split, preferred return, and investor-facing economics, so investors fund the same deal your committee approved.
- Approved terms flow into the raise
- The waterfall investors see is the one your team underwrote
- One record from screen to close
Bring the committee a real decision package.
Conviction, scenarios, sensitivities, risks, mitigants, and deal-breaking thresholds, all written from the live underwriting model.