Multifamily Underwriting Template

The multifamily underwriting guidelines may be subject to change pending developments in federal and state legislative requirements andor ohfa policy.

Multifamily underwriting template. Intro requirements. The template was developed in collaboration with a couple friends that are real estate professionals. A pj or home project developer can use this template to. It was generated using the multifamily rental program underwriting template an excel spreadsheet designed to support multifamily underwriting.

This walkthrough our sixth in the series takes you through the entire process of underwriting an apartment acquisition opportunity using the all in one models new multifamily module. The most frequently used standardized forms and templates for underwriting multifamily and apartment properties and the sponsorship behind the deals. This section currently is only compatible with industrial office retail and multifamily property types but will be expanded to include other property types such as student housing senior housing self storage and manufactured housing. You will see a set of tabs reading.

Multi family underwriting introduction to this template the home multi family underwriting template is composed of several interrelated excel tabs which are accessible by tabs found at the bottom of the excel screen. Real estate financial model template for multifamily property in this post you will find a template for the acquisition of a fictional 160 unit multifamily property. Unless otherwise approved by ohfa the multifamily underwriting guidelines will be used beginning with 2015 funding rounds. These forms are geared towards apartment loans but can be used for any type of commercial real estate loan.

Get multifamily news and updates on our linkedin. Whether you require a loan submission template lst for a quote or as part of a preliminary or full underwriting package submission you will need to use one of these three lsts. Grant or donated land 1 grant or donated land 1 source grant or donated land 2 grant or donated land 2 source deferred payment loan 1 deferred payment loan 1 source deferred payment loan 1 interest rate deferred payment loan 2 deferred payment. It is provided as an optional tool to assist pjs in undertaking and documenting the underwriting process.

About this tool. The template can be altered by the pj to reflect local home underwriting policies and standards. This component of the multifamily rental toolkit is intended for grantees seeking a sample underwriting template. The operation section contains the meat of the underwriting.

Underwriting template completed example. Open the template in excel and look along the bottom of the screen.