Deal Underwriting
Institutional-quality acquisition and development models across all major asset classes. From LOI through close.
3E provides full-cycle deal underwriting for real estate private equity sponsors nationwide. We build transaction-specific financial models, evaluate risk early, and continuously update the analysis as diligence evolves, giving you decision-ready numbers at every stage of the deal. Our analysts have 3–10 years of experience across multifamily, industrial, retail, office, hospitality, senior living, storage, and development. You get institutional-quality underwriting at a fraction of the cost of a full-time hire.
Initial Underwriting
We build the initial financial model from scratch using 3E’s proprietary templates. Every model is reviewed internally and benchmarked against similar transactions for accuracy. Turnaround time is 2 business days for most property types. We deliver an institutional-quality model with an accompanying write-up describing assumptions, identifying potential issues, and highlighting returns and capital requirements.
Deal-Level Consulting
We leverage our proprietary database of underwritten transactions to benchmark your deal assumptions against comparable projects. We cross-reference CoStar/Crexi data and internal comps to deliver market trend insights and flag risks before capital is committed.
Model Iterations
Through Close
Same-day or next-day updates for model iterations as diligence progresses. We incorporate feedback from lenders, investors, and partners. We adjust assumptions, update the waterfall structure, and provide regular deal status updates. We stay in the model until the deal closes — as many iterations as necessary.
Scenario & Sensitivity
We stress-test every deal across multiple return scenarios - varying rent growth, exit cap rates, construction costs, and financing terms. Sensitivity tables and scenario outputs are built into every model so you and your investors can evaluate downside risk, base case returns, and upside potential before committing capital.
How it Works
Deal Kick-Off Call
1
You provide the deal information. We review it, discuss your business plan, and set expectations for the process.
Financial Underwriting
2
We build the model in 2 business days using our proprietary templates, conduct market research, and complete an internal quality review.
Initial Model Delivery
3
You receive an institutional-quality model with a detailed write-up covering assumptions, risks, returns, and capital needs.
Iterations Through Close
4
We incorporate your feedback, update assumptions, adjust the waterfall, and provide deal status updates until the transaction closes.
Asset Management
5
After close, we can continue updating the model with actual performance data, run reforecast scenarios, and support hold/sell decisions.
PROOF POINTS
$26 Billion
of Transactions Underwritten
900+
Clients Served
2 Day
Initial Model Turnaround
All Asset Classes
Multifamily, industrial, retail, office, hospitality, storage, senior living, land, development, and more