Atlas Underwriting
all demosBook a build
Atlas Underwriting

AI Underwriting Pipeline

8 agents take Founders Parkway Multifamily from offering memo to IC verdict

7/8 stages complete
  1. Buy-Box ScreenDone

    Screens the deal against the fund mandate

    Matched mandate: Multifamily, Austin, TX. Within size + geography box.

    4s
  2. Document ExtractionDone

    Parses OM, rent roll, and T-12 financials

    Extracted 8 rent-roll lines + T-12 opex across 7 categories.

    12s
  3. Market ResearchDone

    Pulls submarket comps, rent growth, supply

    Austin, TX rent growth 3.4% YoY; 1 comparable in lease-up; cap-rate band 4.8–5.6%.

    18s
  4. CRE UnderwritingDone

    Builds the 10-yr cash flow + returns model

    Going-in cap 6.5%, levered IRR 22.8%, EM 2.25x.

    22s
  5. Senior ReviewDone

    Stress-tests assumptions vs. house views

    Flagged exit-cap optimism; widened 25bps. Confirmed rent growth haircut.

    9s
  6. Debt SizingDone

    Sizes the loan to DSCR + LTV constraints

    Sized to 67% LTV / 1.57x DSCR; agency quote at SOFR + 165.

    11s
  7. Investment CommitteeDone

    Compiles the IC memo + verdict

    Verdict: BUY. 6 of 8 pipeline deals cleared to BUY.

    7s
  8. 8
    Doc Generation Queued

    Drafts LOI + IC memo for signature

    Awaiting upstream output…

    6s