Comprehensive pro forma development for acquisitions, developments, and recapitalizations. From ground-up construction models to stabilized asset underwriting, we build institutional-quality financial models tailored to the specific deal structure.

Recent modeling work includes multi-phase land development, luxury hotel resorts, office-to-condo conversions, multifamily construction, and hotel revenue optimization analysis.

Rigorous feasibility analysis for proposed developments, including site-specific market assessment, hard and soft cost budgeting, absorption timing, and scenario analysis. We stress-test assumptions across multiple entitlement and program scenarios to identify the highest-value path forward.

Engagements have included dual-track entitlement analysis for luxury mixed-use projects, small lot subdivision feasibility, and ground-up industrial condominium studies.

Operating agreement analysis, waterfall design, and partnership structuring for institutional and private joint ventures. We review proposed JV terms against market standards, identify departures from LOI terms, and model capital account impacts across complex multi-entity structures.

Recent work includes redline memoranda for hotel JV operating agreements, promote structure analysis, and multi-tiered entity waterfall modeling.

Independent evaluation of sponsor capabilities, track record, and organizational capacity on behalf of investors and capital providers. We assess management teams, development pipelines, and operational infrastructure to support informed capital allocation decisions.

Strategic guidance on capital structure optimization, debt sourcing, and financing alternatives. Our background in institutional lending — including bridge, construction, and permanent financing — provides borrowers with lender-side perspective on underwriting, sizing, and structuring.

Experience includes NMTC and municipal bond financing analysis, Historic Tax Credits, Low-Income Housing Tax Credits, construction loan structuring, and PID/TIRZ tax funding flow modeling.

Independent underwriting and due diligence for institutional debt funds originating bridge and construction loans. Drawing on direct experience building and managing a lending platform, we evaluate sponsor credibility, project feasibility, capital structure, and repayment risk to support informed credit decisions across hospitality, multifamily, industrial, and mixed-use assets.