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Real Estate
Analysis & Underwriting Services

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Services Overview

Financial Analysis

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RealVal supports real estate investors with precise financial analysis across deal stages. We evaluate property performance, build detailed cash-flow models, and verify financial inputs to assess viability. From screening to full underwriting, our disciplined approach ensures data-backed, U.S.-aligned decisions.
  • Rent roll analysis
  • T12 analysis
  • Underwriting report
  • Market and demographic research
  • Comparable analysis
  • Stress test analysis

Use Cases:

Comprehensive underwriting for acquisitions, refinancing, and dispositions, aligned with investor, lender, and broker requirements. This underwriting includes validating assumptions, reviewing pricing, sizing debt, analyzing returns, and identifying key risks before capital is committed.
  • Covers
  • Investor and sponsor underwriting
  • Lender and debt underwriting
  • Broker and BOV underwriting
  • Refinance and disposition underwriting
Underwriting for ground-up development, redevelopment, BTR, and BTS projects by evaluating budgets, sources and uses, construction timing, lease-up assumptions, and stabilized performance to assess feasibility, returns, and capital needs.
  • Covers
  • Development budget validation
  • Structuring sources and uses
  • Lease-up and absorption modeling
  • Stabilization and NOI forecasting
Rapid underwriting to qualify opportunities quickly using essential assumptions, conservative return benchmarks, and downside indicators to decide whether a deal merits deeper analysis.
  • Covers
  • Fast financial viability checks
  • Benchmark return assessment
  • Preliminary pricing reasonableness
  • Downside guardrail indicators
In-depth review of T12s and rent rolls to normalize income/expenses and determine true in-place performance, forward revenue potential, and operational risks.
  • Covers
  • Leasing trend evaluation
  • Vacancy, delinquency, and concessions review
  • Near-term NOI outlook
Building or refining models to fit deal strategy, capital stack, and investor structure while ensuring clarity in returns and distributions across stakeholders.
  • Covers
  • Custom underwriting model development
  • Capital stack integration
  • Waterfall and promote structure modeling
  • Non-standard financing modeling
Independent market validation through rent comps, sales comps, supply pipeline, absorption, and pricing context to support realistic underwriting assumptions.
  • Covers
  • Rent comparable validation
  • Sales comparable benchmarking
  • Pipeline and absorption review
  • Submarket performance insights
Assessing tenant demand strength through demographic trends, income dynamics, employment base, and livability indicators to validate long-term asset positioning.
  • Covers
  • Income and employment base review
  • Population and household trends
  • Renter profile assessment
  • Neighborhood and livability context
Determining optimal debt based on loan terms, lender metrics, and return sensitivity to ensure the structure balances risk and equity performance.
  • Covers
  • DSCR, LTV, LTC evaluation
  • Loan proceeds comparison
  • Interest rate/term impact
  • Equity requirement alignment
Evaluating performance under changing market and operating conditions to quantify risk exposure, downside protection, and margin of safety.
  • Covers
  • Rent and expense sensitivity
  • Rate and cap rate movement impact
  • Break-even analysis
  • Scenario-based return testing
Providing clarity on hold vs. sell vs. refinance outcomes by projecting cash flows, refinance economics, exit pricing, and timing considerations.
  • Covers
  • Exit value assessment
  • Refinance proceeds estimation
  • Timing optimization
  • Return outcome comparison
Centralized oversight of deal flow, underwriting iterations, and return metrics to enhance prioritization, consistency, and speed of investment decisions.
  • Covers
  • Pipeline stage tracking
  • Comparable deal benchmarking
  • Return metric consolidation
  • Iteration and update management
Researching tax exposure and reassessment risk to understand how property taxes affect NOI, lender adherence, and long-term returns.
  • Covers
  • Historical tax review
  • Reassessment risk analysis
  • Stabilized tax estimation
  • NOI and coverage impact review

Real Estate Asset Management & Reporting

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At RealVal, we provide comprehensive real estate asset management and reporting services tailored to owners, operators, and investors throughout the entire hold period. Our post-acquisition support delivers ongoing financial analysis, rent roll and leasing tracking, cash flow monitoring, portfolio-level insights, and strategic decision-making tools. We transform raw operating data into actionable insights, helping clients manage risk, monitor performance, optimize returns, and make confident decisions on budgeting, capital planning, refinancing, and asset exits.

Use Cases:

RealVal regularly reviews property operating results to evaluate performance over time. Reviews are conducted monthly, quarterly, and across trailing periods to identify trends and changes in income, expenses, and occupancy.
  • Covers
  • Monthly, quarterly, and trailing period reviews (T3, T6, T12)
  • NOI trend tracking
  • Expense ratio and margin review
  • Occupancy and revenue impact analysis
  • Early identification of performance issues
Detailed comparison of actual results against budget and original projections to understand where performance differs and why. Focused on income, expenses, capital spending, and cash flow movement.
  • Covers
  • Budget vs actual income review
  • Analyzing expense and capital spend sensitivity
  • NOI and cash flow comparison
  • Key drivers of over- or underperformance
  • Updated outlook based on results
We continuously review rent rolls and leasing activity to track revenue growth, leasing velocity, and potential rollover risks, focusing on in-place rents, lease terms, and market rent gaps.
  • Covers
  • In-place rent and lease term review
  • New leasing and renewal activity
  • Occupancy and leasing pace tracking
  • Upcoming expirations and rollover risk
  • Loss-to-lease and rent growth potential
A combined review of multiple assets helps assess portfolio performance, highlight asset-level differences, track trends, and guide capital placement.
  • Covers
  • Asset-to-asset performance comparison
  • Portfolio NOI and cash flow tracking
  • Rent roll and market rent review
  • Tracking operating and interest cost trends
  • Quarterly and annual portfolio summaries
Forward-looking cash flow models analyze how changes in rent, occupancy, costs, interest rates, and timing affect returns.
  • Covers
  • Short-term and long-term cash flow forecasts
  • Rent and occupancy change scenarios
  • Expense and capital spend sensitivity
  • Interest rate impact review
  • Return outcome comparisons
Ongoing tracking of loan terms and debt requirements ensures performance aligns with lender tests and timelines, reducing risks tied to limits and maturities.
  • Covers
  • DSCR and loan test tracking
  • Covenant and reporting requirements
  • Interest-only and amortization periods
  • Maturity and refinance timing review
  • Lender reporting support
We evaluate asset readiness for refinance or sale based on performance, market conditions, lease profiles, and capital needs to ensure optimal timing and value positioning.
  • Covers
  • Hold period cash flow review
  • Lease rollover and income risk review
  • Capital spend planning
  • Market sales and cap rate review
  • Refinance vs sale comparison
Preparation of clear and consistent reporting packages for investors and lenders, providing insights on performance updates, significant changes, and upcoming events.
  • Covers
  • Quarterly and annual investor reports
  • Lender compliance packages
  • Performance dashboards
  • Variance explanations
  • Market and asset updates
Post-acquisition financial analysis captures actual results, market changes, and business plan progress, while supporting development and construction tracking.
  • Covers
  • Updated underwriting models
  • Revised cash flow and return views
  • Capital plan updates
  • Development and construction tracking
  • Schedule and cost variance review

Real Estate Investment & Marketing Collateral

Businesswoman presenting graphs on a monitor to colleagues in a meeting room.
At RealVal, we work with owners, operators, and sponsors to create clear, professional investment and marketing materials. Our team combines real estate knowledge with strong design to deliver polished, data-driven content that strengthens credibility, supports capital raising, and maintains consistent branding at a practical cost.
  • Custom pitch Decks
  • Professional offering memorandums
  • Engaging leasing flyers and property brochures
  • Investor-focused presentations and teasers
  • Targeted marketing materials
  • Cost-effective design solutions

Use Cases:

Professional investor documentation that clearly presents strategy, underwriting logic, financial projections, risks, and expected outcomes in an institutional format. Designed to improve clarity, credibility, compliance alignment, and investor confidence during capital raising.
  • Covers
  • Offering memoranda (OMs)
  • Private placement memoranda (PPMs)
  • Investor summaries and deal briefs
  • Structured financial sections and disclosures
Comprehensive investor-focused and lender-focused presentations built around detailed underwriting models, market positioning, and business plan execution. Designed to communicate opportunity stability and return potential effectively.
  • Covers
  • Acquisition pitch decks
  • Value-add and repositioning presentations
  • Development project presentations
  • Capital raising and lender presentations
High-impact materials that position assets effectively in the market, highlight core competencies, and support leasing and disposition objectives with clarity and professionalism.
  • Covers
  • Property brochures and flyers
  • Offering summaries
  • Leasing and disposition collateral
  • Asset positioning and differentiation content
Data-driven insights integrated into investment and marketing materials to support pricing, underwriting assumptions, and strategic positioning with credible research.
  • Covers
  • Market and submarket analysis
  • Rent and sales comparable insights
  • Demand and supply benchmarking
  • Pricing rationale and competitive positioning
Transforming complex financial data and models into structured narratives that clearly communicate strategy, execution plans, risks, and return potential to investors.
  • Covers
  • Deal narrative development
  • Business plan clarity and structuring
  • Risk and mitigation articulation
  • Return explanation and investor alignment
A flexible support model enabling real estate teams to outsource collateral creation while maintaining consistency, speed, and institutional quality standards.
  • Covers
  • Ongoing deck development support
  • Branding and presentation consistency
  • Fast turnaround execution
  • Cost-efficient alternative to in-house teams

Real Estate Operational Support

Team in an office wearing headsets, collaborating at computers, engaging in work discussions.
RealVal provides real estate operational support services to help owners, operators, developers, and brokers manage day-to-day property and transaction workflows more efficiently. We support execution across leasing, transactions, research, documentation, and internal coordination, reducing operational burden and enabling teams to focus on higher-value strategic decisions.
  • Lease administration and data validation
  • Transaction and closing coordination
  • Research and information support
  • Document and data room management
  • Internal tracking & process standardization

Use Cases:

At RealVal, we provide operational support to organize, validate, and maintain accurate lease data, ensuring reliable reporting and informed decision-making. This includes managing lease documentation and maintaining clean, audit-ready records.
  • Covers
  • Lease abstracts and validation
  • Rent roll accuracy checks
  • Key terms and expiration tracking
  • Supporting document verification
Execution support for acquisitions, dispositions, and leasing transactions to improve efficiency, coordination, and compliance throughout the transaction lifecycle.
  • Covers
  • Transaction checklist creation and management
  • Closing documentation coordination
  • Milestone tracking and follow-ups
  • Error reduction and smooth transaction execution
Targeted research to support negotiations, strategic decisions, and portfolio planning with timely, relevant, and accurate information.
  • Covers
  • Market and property research
  • Comparable analysis
  • Deal-specific research
  • Support for leasing decisions and renewals
Structured document and data room management that reduces risk, improves accessibility, and supports due diligence readiness at all times.
  • Covers
  • Property and lease file organization
  • Data room setup and maintenance
  • Ongoing document hygiene
  • Version control and structured storage
Consistent updates to internal systems to improve visibility, reduce missed opportunities and keep teams aligned across deals, operations, and portfolio activities.
  • Covers
  • Investor and sponsor underwriting
  • CRM updates (DealCloud, Salesforce, etc.)
  • Rent roll and occupancy trackers
  • CapEx and project tracking logs
Building scalable, standardized processes that improve execution quality, onboarding, and operational consistency as the organization grows.
  • Covers
  • Workflow mapping
  • SOP and checklist creation
  • Standardized execution frameworks
  • Operational scalability support
Why Choose Us

Built on Accuracy, Powered by Expertise

Expert Real Estate Analysts

Our rigorously trained analysts deliver accurate, reliable, and insight-driven financial evaluations.

Cost-Effective Excellence

Access prominent underwriting and analysis expertise at a fraction of in-house costs.

Speed &
Efficiency

Accelerate deal execution with streamlined processes, disciplined analysis, and fast turnaround.

Risk Reduction & Reliability

Minimize hiring, training, and employee risks with a stable, highly skilled outsourced team.

Specialized Skill
Access

Leverage advanced real estate knowledge, market understanding, and specialized financial modeling capabilities.

Improved Focus & Productivity

Free up leadership and internal teams to concentrate on high-value strategic initiatives.

Industries We Serve

Tailored Solutions for Every Market

Dense urban skyline under cloudy skies with modern high-rise buildings, highlighting city architecture and growth.
Investment Firms
High-value modeling and research supporting complex real estate investments.
Hands exchanging a ten-dollar bill, symbolizing a financial transaction or payment process.
Lending Institutions
End-to-end and specialized lending support optimized for origination, underwriting, and monitoring.
Man coding on laptop in office, focused on colorful code, software development, tech environment.
Developers
Data-backed development support for assumptions, costs, and project performance.
Man plans real estate development using tablet and blueprints at desk.
Brokers & PM Groups
Marketing-ready analytics, valuation support, and streamlined property operations management.
Engagement Models

Flexible Partnerships That Fit Your Goals

Full-Time Analyst

Dedicated full-time to your team to support your entire operation needs.

Part-Time Analyst

Assigned to work only limited weekly hours, fostering your real estate tasks.

Quarter-Time Analyst

Contributes minimal scheduled hours, typically on specific workflows or projects.

Hourly/Project Basis

Hired based on-demand underwriting support for specific models, reports, or projects.

Technology Stack

Powered by the Best in Data & Automation

XL
Google Sheet
esri
Argus
Costar
Monday
dealpath
n8n
Zapier
Pitchbook