Underwriting tools for commercial real estate

[Oniel Samuel]

Hi all,

We are focused on acquiring multi tenant, small bay industrial warehouse and wanted to ask if any of you are using underwriting software when analyzing deals?

Currently, we use an in-house model built out over time and would like to find something which is more user friendly. I have searched Google for options, but most of them are geared toward multi family, which is a different beast.

I'd appreciate recommendations for a system that can be used for the following:

- Multi tenant warehouses

- GP/LP returns

- Waterfall structures

- Staggered lease renewals

- Calculating investor returns for different classes (eg preferred equity V common equity)

Thanks in advance!

[Paul Moore]

Hi @Oniel Samuel. Great question. I recommend you approach a small or regional broker or lender that specializes in this light industrial niche. See if they’ll share their model with you on hopes that you’ll be their client.  Good Luck!