Macro/RatesLive
Live Market Snapshot
Shows the current Treasury curve, SOFR, CPI, and inflation expectations used to frame the deal.
MultifamilyOfficeRetailIndustrial+6
LiveDashboard
Live market context
Phase 3 turns the memo into a market-aware underwriting file.
Phase 3 layers macro, rates, climate, sector, capital markets, portfolio, mandate, and valuation context onto the deterministic underwriting engine. The math stays reviewable. The market frame becomes visible.
138
live Phase 3 modules
FRED
live Treasury, SOFR, CPI feed
392
regression assertions
0
queued modules
Browse the module layer
Filter by theme, asset relevance, status, provenance, or keyword.
This inventory is intentionally dense. It is meant to show what the memo can cover, where each module gets its data, and which diligence question the module is designed to answer.
138
visible modules
138
Live
0
Queued
1
Live data
16
Hybrid
27
Seeded
94
Derived
Inventory spotlight
These modules are pulled directly from the inventory so the strip stays aligned with the current Phase 3 count.
138 live, 0 queued
Live Calibration Suggestions
CapstonesLive
Deal-vs-Cycle Timing Verdict
CapstonesLive
Macro Alignment Score
CapstonesLive
Distress-to-Stabilized IRR Path Model
RiskLive
Cap Rate Wave Pattern Detector
ValuationLive
Vintage Year Backtest
ValuationLive
Theme
Asset relevance
Data provenance
Status
Macro/Rates
10 modules
Macro/RatesLive
Macro Regime
Classifies the current rate and inflation backdrop into an underwriting regime with deal implications.
MultifamilyOfficeRetailIndustrial+6
HybridIC memo section
Macro/RatesLive
Forward Rate Projection
Projects a deterministic rate path from the live curve so refinance and floating-rate risks are visible.
MultifamilyOfficeRetailIndustrial+6
HybridIC memo section
Macro/RatesLive
Floating Rate Stress
Tests debt service sensitivity when floating-rate debt reprices against the live SOFR frame.
MultifamilyOfficeRetailIndustrial+6
HybridIC memo section
Macro/RatesLive
Bank Lending Conditions
Summarizes lending tightness and credit availability as a context overlay for debt execution.
MultifamilyOfficeRetailIndustrial+6
SeededIC memo section
Macro/RatesLive
CMBS Spread Tracker
Frames securitized debt spread conditions and flags when capital markets liquidity is less forgiving.
MultifamilyOfficeRetailIndustrial+6
SeededIC memo section
Macro/RatesLive
Treasury Spread
Compares deal cap rates and debt costs against the live 10-year Treasury benchmark.
MultifamilyOfficeRetailIndustrial+6
HybridIC memo section
Macro/RatesLive
Inflation Beta
Estimates how much the asset's income and expense profile may respond to live inflation pressure.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Macro/RatesLive
Live-Calibrated Real IRR
Converts nominal return output into a real return view using the live inflation snapshot.
MultifamilyOfficeRetailIndustrial+6
HybridIC memo section
Macro/RatesLive
Macroeconomic Regime Switcher
Maps the live macro stack into stable expansion, inflation, tight credit, disinflation relief, or stress regimes with transition probabilities.
MultifamilyOfficeRetailIndustrial+6
HybridIC memo section
Capital Markets
14 modules
Capital MarketsLive
Capital Stack Recommender
Recommends macro-aware leverage, fixed-versus-floating posture, mezz usage, and term structure.
MultifamilyOfficeRetailIndustrial+6
HybridIC memo section
Capital MarketsLive
Capital Stack Visualization
Renders debt, mezz, pref, and common equity exposure as a reviewable capital stack.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Capital MarketsLive
WACC
Computes weighted average cost of capital across the underwritten capital stack.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Capital MarketsLive
Lender Risk Rating
Scores lender-facing risk using DSCR, debt yield, leverage, and operating volatility.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Capital MarketsLive
Debt Sizing Constraints
Shows which lender constraint is binding across LTV, DSCR, debt yield, and loan proceeds.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Capital MarketsLive
Debt Yield Curve
Tracks debt yield through the hold period so collateral cushion is visible over time.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Capital MarketsLive
Loan Constant Spread
Compares loan constant against cap rate to expose negative leverage pressure.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Capital MarketsLive
Leverage Curve
Shows how IRR, DSCR, and debt yield move as leverage changes.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Capital MarketsLive
Interest Coverage Ratio
Adds ICR as a lender-style coverage read beside DSCR.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Capital MarketsLive
Refinance Rate Risk
Quantifies maturity exposure if the takeout rate is higher than the underwritten coupon.
MultifamilyOfficeRetailIndustrial+6
HybridIC memo section
Capital MarketsLive
Sale vs Refinance Decision
Compares exit alternatives under sale and refinance cases with current macro pressure.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Capital MarketsLive
Asset Coverage / Forward LTV Curve
Tracks forward collateral coverage and estimated cash-out capacity at conservative leverage.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Capital MarketsLive
Foreign Direct Investment by Country
Breaks foreign capital appetite into country-level buyer-pool, friction, and sector-fit signals.
MultifamilyOfficeRetailIndustrial+6
SeededIC memo section
Capital MarketsLive
CRE Capital Stack Optimizer META
Synthesizes debt sizing, lender risk, refi pressure, spreads, and capital appetite into a recommended structure.
MultifamilyOfficeRetailIndustrial+6
HybridCapstone
Climate/ESG
13 modules
Climate/ESGLive
Geographic Risk Overlay
Scores hurricane, wildfire, flood, heat, drought, and seismic exposure for the deal market.
MultifamilyOfficeRetailIndustrial+6
SeededIC memo section
Climate/ESGLive
Climate Transition Risk
Assesses whether policy, energy, or carbon-transition pressure may affect asset liquidity.
MultifamilyOfficeRetailIndustrial+6
SeededIC memo section
Climate/ESGLive
Climate-Adjusted Insurance Forecast
Projects insurance pressure from climate and property-type risk rather than assuming flat expense growth.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Climate/ESGLive
ESG Composite Score
Builds an institutional ESG readiness score from physical risk, transition risk, and asset profile.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Climate/ESGLive
Insurance Load Benchmark
Benchmarks year-one insurance burden in basis points of value and per-unit terms.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Climate/ESGLive
Insurance Carrier Availability and Renewal Risk Index
Tests whether the deal can secure and renew coverage on institutional terms, including carrier availability, renewal shock, deductible reset, and lender exception risk.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Climate/ESGLive
Insurance Deductible Shock and Coverage Exclusion Sensitivity
Turns peril severity into deductible shock dollars, NOI drag, reserve coverage, lender covenant read, and named-peril exclusion risk.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Climate/ESGLive
Insurance Program Placement and Escrow Strategy
Synthesizes insurance load, carrier friction, deductible shock, peril exposure, reserves, and lender pressure into placement route and escrow posture.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Climate/ESGLive
Insurance Expense Recovery and NOI Pass-Through Risk
Tests whether insurance growth is recoverable from tenants or remains sponsor-absorbed NOI drag under the inferred lease recovery structure.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Climate/ESGLive
Climate Mitigation Capex Index
Estimates whether resilience or mitigation capex should be part of the diligence reserve.
MultifamilyOfficeRetailIndustrial+6
SeededIC memo section
Climate/ESGLive
30-Year Climate Scenario Projection
Projects long-horizon climate scenarios that may influence insurance and exit-buyer underwriting.
MultifamilyOfficeRetailIndustrial+6
SeededIC memo section
Climate/ESGLive
Environmental Site Condition Risk Index
Triages likely prior-use history, Phase II probability, vapor risk, floodplain exposure, brownfield redevelopment risk, and diligence timing.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Climate/ESGLive
Brownfield Remediation Reserve Adequacy
Converts site-condition risk into reserve need, available capacity, funding gap, delay, and lender escrow sufficiency.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Sector Demand
20 modules
Sector DemandLive
Cap Rate Comps
Benchmarks the underwritten entry and exit cap rate against seeded market comp bands.
MultifamilyOfficeRetailIndustrial+6
SeededIC memo section
Sector DemandLive
Rent Comps
Checks rent assumptions against seeded market ranges for the asset class and geography.
MultifamilyOfficeRetailIndustrial+6
SeededIC memo section
Sector DemandLive
Hotel ADR / RevPAR
Frames hotel daily-rate and RevPAR assumptions against hospitality operating bands.
Hotel
SeededIC memo section
Sector DemandLive
Demographic Overlay
Adds population, income, and household-growth context to demand-sensitive underwriting.
MultifamilyBTRSFRMixed-Use+1
SeededIC memo section
Sector DemandLive
Migration Patterns
Surfaces whether population flow is likely to support or pressure the demand story.
MultifamilyBTRSFRMixed-Use
SeededIC memo section
Sector DemandLive
Supply Pipeline Risk
Flags markets or asset types where new supply could dilute rent growth or exit pricing.
MultifamilyOfficeRetailIndustrial+6
SeededIC memo section
Sector DemandLive
Transaction Liquidity
Scores whether the market and asset type are likely to have a deep buyer pool at exit.
MultifamilyOfficeRetailIndustrial+6
SeededIC memo section
Sector DemandLive
Public REIT Sector Overlay
Uses public-market sector behavior as a contextual signal for private-market appetite.
MultifamilyOfficeRetailIndustrial+6
HybridIC memo section
Sector DemandLive
CRE ETF and Interval Fund Flow Tracker
Tracks public capital flow pressure as a read-through to private real estate risk appetite.
MultifamilyOfficeRetailIndustrial+6
SeededIC memo section
Sector DemandLive
Mortgage REIT Performance Index
Uses credit-sensitive public real estate pricing as a signal for debt-market stress.
MultifamilyOfficeRetailIndustrial+6
SeededIC memo section
Sector DemandLive
Investor Sentiment Composite
Combines seeded public-market, rate, and liquidity signals into a sentiment readout.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Sector DemandLive
Data Center Power Capacity Tracker
Translates utility capacity, load density, grid congestion, and interconnection timing into a power-availability underwriting signal.
Data CenterIndustrial
SeededIC memo section
Sector DemandLive
Life Sciences Tenant Demand Tracker
Scores lab-market tenant depth, research anchors, conversion fit, venture demand, and supply pressure for life-sciences deals.
Life SciencesOfficeIndustrial
SeededIC memo section
Sector DemandLive
Office Obsolescence and Leasing Friction Index
Scores office tenant demand, functional quality, rollover downtime, TI/LC burden, access support, and cap-rate reset pressure.
OfficeMixed-Use
DerivedIC memo section
Sector DemandLive
Workforce Housing Premium Tracker
Tests whether affordability, wage depth, essential-worker demand, and policy durability support a workforce-housing premium.
MultifamilyMixed-UseBTRSFR
SeededIC memo section
Sector DemandLive
Single Family Rental Yield Index
Compares SFR and build-to-rent yield, affordability, ownership-cost pressure, migration demand, and operating drag.
SFRBTRMultifamilyMixed-Use
SeededIC memo section
Sector DemandLive
Healthcare REIT Sub-Sector Analysis
Classifies healthcare exposure across medical office, senior housing, skilled nursing, hospital, outpatient, behavioral health, and lab demand risk.
OfficeLife SciencesMixed-Use
SeededIC memo section
Sector DemandLive
Student Housing Demand Tracker
Scores campus-adjacent rental demand, enrollment depth, housing scarcity, affordability, lease-cycle risk, and university-market durability.
MultifamilyMixed-Use
SeededIC memo section
Sector DemandLive
Retail Anchor Durability Tracker
Classifies retail tenant mix and scores anchor quality, necessity orientation, co-tenancy risk, rollover sensitivity, and exit durability.
RetailMixed-Use
SeededIC memo section
Sector DemandLive
Retail Trade Area Leakage and Capture Analysis
Tests whether local trade-area depth, necessity spend, competing nodes, rent support, and exit liquidity can defend the retail revenue story.
RetailMixed-Use
SeededIC memo section
Tax/Cost
9 modules
Tax/CostLive
Construction Cost Inflation
Flags whether capex and replacement assumptions are exposed to elevated cost inflation.
MultifamilyOfficeRetailIndustrial+6
HybridIC memo section
Tax/CostLive
Tax Code Sensitivity
Tests how tax-policy assumptions could affect after-tax economics and investor fit.
MultifamilyOfficeRetailIndustrial+6
SeededIC memo section
Tax/CostLive
State Tax Burden
Frames state-level tax drag as a deal-context item for after-tax investors.
MultifamilyOfficeRetailIndustrial+6
SeededIC memo section
Tax/CostLive
Property Tax Reassessment Risk
Highlights whether assessed-value resets could pressure the forward expense base.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Tax/CostLive
Property Tax Appeal Probability and Reassessment Defense Index
Converts reassessment shock into appeal-readiness, evidence quality, reserve coverage, expected relief, and net uncovered tax exposure.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Tax/CostLive
Replacement Cost
Compares acquisition basis to replacement-cost logic as a downside and supply signal.
MultifamilyOfficeRetailIndustrial+6
SeededIC memo section
Tax/CostLive
Acquisition Basis
Normalizes the purchase price into per-unit, per-key, or per-SF basis for IC review.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Tax/CostLive
Reserve Adequacy
Checks whether replacement reserves are consistent with property type and operating risk.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Tax/CostLive
Implied Capex Yield Curve
Converts reserves, leasing costs, climate work, compliance, and improvements into a hold-period capex productivity curve.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Operations
40 modules
OperationsLive
Operating Snapshot
Summarizes property-type-aware operating metrics before the memo dives into model detail.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
OperationsLive
NOI Decomposition
Separates NOI movement into revenue, vacancy, expense, and margin contributors.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
OperationsLive
Operating Margin Trend
Tracks operating margin over the hold so expense pressure cannot hide inside NOI growth.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
OperationsLive
Operating Cash Conversion Rate
Converts NOI to distributable cash to show how much income survives below the NOI line.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
OperationsLive
Operating Leverage Coefficient
Estimates how sensitive NOI is to revenue movement under the current expense structure.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
OperationsLive
Lease Recovery Clause and Reimbursement Leakage Index
Screens taxes, insurance, CAM, utilities, management, and repairs for sponsor-absorbed expense leakage under inferred lease recovery language.
OfficeRetailIndustrialMixed-Use
DerivedIC memo section
OperationsLive
Utility Cost Volatility and Tenant Reimbursement Exposure Index
Tests electric, gas, water, sewer, and common-area utility growth for recoverability, sponsor absorption, and NOI drag.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
OperationsLive
Opex Budget Variance and Controllability Index
Classifies expense variance across controllable, recoverable, reserve-funded, appealable, and sponsor-absorbed exposure.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
OperationsLive
Repair and Maintenance Reserve Shock Index
Tests whether recurring R&M, reserves, asset age, inflation, and deferred-maintenance pressure can be funded without sponsor leakage.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
OperationsLive
Property Management Execution Risk Index
Translates controllable costs, reimbursement collection, repairs, turnover, margin cushion, and manager posture into execution-risk and NOI-leakage readouts.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
OperationsLive
Vendor Contract Inflation and Service-Level Risk Index
Screens contracted-services exposure across security, cleaning, landscaping, snow, trash, R&M, HVAC, elevator, management, and other vendors for inflation and service-level fragility.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
OperationsLive
Staffing and Payroll Load Sensitivity Index
Reads direct payroll exposure, wage inflation, staffing posture, labor intensity, recovery offset, and NOI drag across on-site operating functions.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
OperationsLive
Working Capital and Operating Reserve Sufficiency Index
Compares the full operating-shock stack against available reserve capacity, funding gap, months of NOI cushion, and peak cash timing stress.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
OperationsLive
Capex Procurement and Contractor Bid Coverage Index
Sizes capex scope, required bid count, bidder pool coverage, contractor concentration, retainage posture, and escalation reserve into a procurement-route read across routine maintenance, multi-bid, specialist, and design-build paths.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
OperationsLive
Capex Draw Schedule and Contractor Payment Control Index
Translates capex scope and procurement route into peak draw need, contingency reserve, retainage hold, lien-waiver control, working-capital draw gap, and contractor payment risk for the payment-timing layer of capital project delivery.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
OperationsLive
Capex Warranty, Retainage, and Punchlist Completion Index
Assesses warranty coverage, retainage release discipline, punchlist completion risk, and contractor accountability after capital work is completed.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
OperationsLive
Capital Project ROI Attribution and Scope Prioritization Index
Classifies capital projects as productive, defensive, or low-yield and prioritizes sequencing by NOI contribution, payback, reserve burden, and execution controls.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
OperationsLive
Capital Project Exit Value Protection Index
Assesses whether capital projects protect buyer confidence, exit cap assumptions, NOI durability, marketability, and terminal value recognition.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
OperationsLive
Capital Improvements Buyer Recognition and Diligence Evidence Index
Tests whether completed capital improvements carry the invoice, contract, warranty, lien-waiver, permit, and closeout evidence needed to earn buyer recognition, support NOI attribution and cost basis at exit, and avoid a diligence recognition discount.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
OperationsLive
Capital Improvement Business Disruption and Tenant Downtime Risk Index
Translates capital improvement scope into tenant downtime risk, disruption footprint, mitigation posture, NOI interruption dollars, and operating actions during occupied execution.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
OperationsLive
Tenant Improvement, Leasing Commission, and Free Rent Concession Risk Index
Translates tenant-level TI, leasing commission, and free-rent concessions into funding posture, rollover overlap, NOI drag, and leasing actions for commercial rent-roll deals.
OfficeRetailIndustrialMixed-Use
DerivedIC memo section
OperationsLive
Tenant Rollover Re-Leasing and Downtime Reserve Adequacy Index
Converts commercial rollover exposure, re-leasing downtime, concession burden, reserve capacity, and funding gap into a downtime reserve adequacy read.
OfficeRetailIndustrialMixed-Use
DerivedIC memo section
OperationsLive
Renewal Option, Expansion Rights, and Tenant Retention Risk Index
Reads whether the existing commercial tenant base can stay economically intact through renewal, expansion, contraction, option exercise, and replacement-cost exposure.
OfficeRetailIndustrialMixed-Use
DerivedIC memo section
OperationsLive
Lease Expiration Concentration and Weighted Average Lease Term Risk Index
Converts commercial lease expirations, WALT, near-term rollover, largest expiration-year concentration, and re-leasing exposure into a lease-duration risk read.
OfficeRetailIndustrialMixed-Use
DerivedIC memo section
OperationsLive
Lease Abstract Completeness and Critical Date Risk Index
Screens commercial lease abstract coverage, missing critical dates, option-right gaps, recovery clause coverage, and unverified rent concentration before relying on leasing diagnostics.
OfficeRetailIndustrialMixed-Use
DerivedIC memo section
OperationsLive
Lease Audit Exposure and Estoppel Confirmation Risk Index
Screens commercial lease audit exposure, estoppel readiness, reimbursement dispute risk, amendment gaps, and tenant-file exceptions before relying on lease-file diligence.
OfficeRetailIndustrialMixed-Use
DerivedIC memo section
OperationsLive
Lease Administration Controls and Tenant Notice Workflow Risk Index
Screens lease-administration controls, tenant notice workflow, option and renewal tracking, recovery reconciliations, and obligation follow-through before relying on commercial lease operations.
OfficeRetailIndustrialMixed-Use
DerivedIC memo section
OperationsLive
Tenant Credit Deterioration and Default Cure Risk Index
Infers tenant credit and default-cure exposure from concentration, rollover, WALT, collection friction, lease-admin gaps, estoppel readiness, and operating cushion proxies.
OfficeRetailIndustrialMixed-Use
DerivedIC memo section
OperationsLive
Tenant Guaranty, Security Deposit, and Credit Support Adequacy Index
Screens whether inferred tenant default exposure is supported by documented deposits, guaranties, letters of credit, reserve cushion, and lease-file evidence.
OfficeRetailIndustrialMixed-Use
DerivedIC memo section
OperationsLive
Tenant Improvement Allowance Burnoff and Amortization Recovery Risk Index
Reads whether tenant improvement allowances, leasing commissions, and free-rent concessions burn off through lease term or leave unrecovered leasing-capital exposure.
OfficeRetailIndustrialMixed-Use
DerivedIC memo section
OperationsLive
Tenant Sales Reporting, Percentage Rent, and Breakpoint Exposure Index
Screens retail and mixed-use sales-reporting gaps, percentage-rent documentation, breakpoint exposure, retail durability, trade-area support, and sales-rent underwriting risk.
OfficeRetailIndustrialMixed-Use
DerivedIC memo section
OperationsLive
Tenant Co-Tenancy, Operating Covenant, and Exclusive-Use Conflict Risk Index
Screens co-tenancy documentation gaps, operating-covenant sensitivity, exclusive-use overlap, anchor dependency, remedy-exposed rent, and retail clause-conflict risk.
OfficeRetailIndustrialMixed-Use
DerivedIC memo section
OperationsLive
Mixed-Use Synergy and Conflict Index
Scores whether residential demand, retail exposure, shared expenses, tenant mix, and operating cadence reinforce or conflict inside a mixed-use deal.
Mixed-Use
DerivedIC memo section
OperationsLive
Parking Demand and Access Friction Index
Scores parking supply, transit offset, curb friction, access dependency, and tenant sensitivity for parking-exposed assets.
RetailMixed-UseOfficeMultifamily+2
DerivedIC memo section
OperationsLive
Zoning and Entitlement Constraint Index
Screens likely land-use posture, zoning relief needs, nonconforming-use risk, parking relief, adaptive reuse, and density sensitivity.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
OperationsLive
Yield-on-Cost Progression
Shows whether operating improvement creates enough yield on the all-in cost basis.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
OperationsLive
Per-Unit / Per-SF Trajectory
Normalizes revenue, NOI, and value movement into the denominator the asset class uses.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
OperationsLive
Net Effective Rent
Calculates tenant-level net effective rent after concessions, free rent, and TI or leasing cost.
OfficeRetailIndustrialMixed-Use
DerivedIC memo section
OperationsLive
Tenant Concentration Risk
Identifies tenant exposure and rollover concentration in rent-roll-driven deals.
OfficeRetailIndustrialMixed-Use
DerivedIC memo section
OperationsLive
Stabilization Analysis
Frames lease-up, vacancy, and income progression against a stabilized operating target.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Portfolio
8 modules
PortfolioLive
Single-Asset Concentration Premium
Estimates idiosyncratic risk premium from holding one asset instead of a diversified pool.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
PortfolioLive
LP Suitability Index
Frames whether the deal profile fits conservative, balanced, or opportunistic LP capital.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
PortfolioLive
Distribution Calendar
Turns annual cash flow into a distribution timing view for LP communication.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
PortfolioLive
Distribution Coverage
Checks whether recurring distributable cash covers the expected distribution profile.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
PortfolioLive
Sponsor Fee Drag
Quantifies how sponsor fees reduce LP economics and return clarity.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
PortfolioLive
Sponsor Co-Invest Sweep
Shows how GP co-invest changes alignment and projected sponsor economics.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
PortfolioLive
GP Promote Yield
Measures promote efficiency relative to investor return creation.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
PortfolioLive
Sponsor Capital at Risk
Compares sponsor capital exposure to total project capitalization.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Mandates
1 module
MandatesLive
Sustainable Investment Mandate Tracker
Translates ESG, climate, insurance, and disclosure signals into mandate-readiness bands.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Valuation
9 modules
ValuationLive
Reverse-Engineered Acquisition Pricing
Solves maximum bid by target IRR so the IC can see what the return hurdle supports.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
ValuationLive
Cycle-Adjusted Cap Target
Adjusts cap-rate expectations for cycle position and live macro pressure.
MultifamilyOfficeRetailIndustrial+6
HybridIC memo section
ValuationLive
Real Cap Rate
Converts nominal cap rate reads into an inflation-aware valuation frame.
MultifamilyOfficeRetailIndustrial+6
HybridIC memo section
ValuationLive
Forward Cap Rate Projection
Projects cap rate movement across the hold period for exit-value discipline.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
ValuationLive
Cap Rate Compression Decomposition
Separates value creation from NOI growth versus cap-rate movement.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
ValuationLive
Income Multipliers
Frames pricing through gross and net income multiples for quick buyer-read checks.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
ValuationLive
Cap Rate Persistence Forecast
Forecasts whether the underwritten exit cap is likely to persist or mean-revert.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
ValuationLive
Vintage Year Backtest
Compares the current entry environment against seeded historical vintage cohorts.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
ValuationLive
Cap Rate Wave Pattern Detector
Classifies cap-rate path shape across stable range, mean reversion, reset, expansion, compression, or liquidity dislocation.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Risk
11 modules
RiskLive
Monte Carlo Distribution
Runs seeded return distribution logic to show base, upside, downside, and probability ranges.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
RiskLive
Downside Risk Probabilities
Quantifies the probability of missing return or cash-flow thresholds under stressed paths.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
RiskLive
Tail Risk Statistics
Surfaces the left-tail outcome profile so downside is not reduced to a single case.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
RiskLive
Risk-Adjusted Return
Converts expected return into a risk-adjusted score similar to a Sharpe-style readout.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
RiskLive
Stress Test Matrix
Shows how valuation, rent, expense, and rate stresses combine across scenarios.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
RiskLive
Sensitivity Priority Ranking
Ranks the assumptions that most move the deal outcome.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
RiskLive
Tornado Chart
Visualizes upside and downside sensitivity by assumption.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
RiskLive
IRR Sensitivity Heat-Table
Shows IRR movement across paired exit cap and NOI stress assumptions.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
RiskLive
Break-Even Cushions
Computes how much NOI, exit value, or rent can fall before core thresholds break.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
RiskLive
DSCR Stress Hold Trajectory
Tracks DSCR by year under base and stressed NOI cases against a covenant threshold.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
RiskLive
Distress-to-Stabilized IRR Path Model
Models whether distressed basis can bridge to stabilized economics after capex, lease-up, debt, and exit risk.
MultifamilyOfficeRetailIndustrial+6
DerivedIC memo section
Capstones
3 modules
CapstonesLive
Macro Alignment Score
Combines eight live and seeded Phase 3 dimensions into a single market-context score.
MultifamilyOfficeRetailIndustrial+6
HybridCapstone
CapstonesLive
Deal-vs-Cycle Timing Verdict
Synthesizes deal quality and cycle position into strong-buy, buy, neutral, wait, or pass.
MultifamilyOfficeRetailIndustrial+6
HybridCapstone
CapstonesLive
Live Calibration Suggestions
Reviews underwriting assumptions against live market context and surfaces recalibration actions.
MultifamilyOfficeRetailIndustrial+6
HybridCapstone
How Phase 3 stays auditable
Live context without hidden math.
Stable core
The deterministic engine still computes the base underwriting before any market-context layer is applied.
Request boundary
Live data is fetched before the pure modules run, then passed through as explicit inputs with timestamps.
Visible provenance
Every live-backed readout is tagged as live, stale, fallback, seeded, derived, or hybrid.
Regression lock
Cherry Street remains guarded by 392 regression assertions so additive context does not mutate base math.
Next step
See the modules inside a live underwriting file.
The fastest way to evaluate the layer is to open a deal, then jump between the memo, the macro dashboard, and the reviewable source viewer.