Investment Underwriter
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🏢Multifamily
🏛Office
VAValue-Add
BRBridge/Debt
OPOpportunistic
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Investment Underwriter·Powered by Maze Technology Inc.
Live
Overview
Unit Mix
Rent Roll
Proforma
Debt
Returns
LP/GP Waterfall
Sensitivity
IC Summary
✨ AI
Purchase Price
—
—
Y1 NOI / Cap Rate
—
—
Total Capitalization
—
—
Equity Required
—
—

Property Information

Acquisition Economics

$
%
$
Closing, legal, broker
$

Revenue Assumptions

Multifamily
$/mo
$/mo
%/yr
%
$/unit/mo
$/unit/mo
%
%

Revenue Assumptions

Office
$/SF/yr
$/SF/yr
%/yr
%
%
$/SF
% new EGR
$/SF/yr
Tenant reimbursements
$/yr
%

Operating Expenses

$/yr
$/yr
$/yr
$/yr
% EGI
$/yr
$/yr
$/unit/yr
$/SF/yr
%/yr
%
%

Market Intelligence

Live Benchmarks
Type a city in the Market / Submarket field above — benchmarks will populate automatically for that market.

Bridge Loan Parameters

Bridge/Debt
$
%
bps
%
months
%
%
% occ
%
Estimated Timeline
All-In Rate
—
Monthly Int. Cost
—
Gross Loan Fees
—
Takeout Proceeds
—

Development Budget

Opportunistic/Dev
$
$/SF
% of Hard
$
%
% of Total Cost
Estimated total interest
%
months
months
%
Total Dev Cost
—
Cost / SF
—
Yield on Cost
—
Dev Spread
—
vs exit cap
Unit mix drives GPR. Market rent applies rent growth from Overview for forward-year projections.

Unit Mix & Rent Schedule

Multifamily
Unit Type# UnitsAvg SFCurrent RentMarket RentPremiumMonthly GPRAnnual GPR
TOTAL / WEIGHTED AVG —— —— — ——

Renovation ROI Calculator

$
$/unit/mo
Payback Period
—
Annualized ROI on Cost
—
✓ Enter individual tenant leases. Expiry colors: ■ <12mo  ■ 12–24mo  ■ 24mo+

Tenant Rent Roll

Office
Tenant NameSFSuiteLease Exp. Rent/SF/yrAnnual RentEscalation Lease TypeTI ($/SF)LC%% Bldg
TOTAL OCCUPIED ——— ———— ———
Occupied: —   WALT: —   Avg Rent/SF: —

Lease Expiry Schedule

Office
■ Expires <12mo ■ 12–24mo ■ 24mo+ ■ Vacant
ⓘ Auto-calculates from Overview. All values in $.
Line ItemYear 1Year 2Year 3Year 4Year 5
INCOME
Gross Potential Rent—————
Less: Vacancy & Credit Loss—————
Less: Concessions—————
Other / Ancillary Income—————
Effective Gross Income—————
OPERATING EXPENSES
Property Taxes—————
Insurance—————
Utilities—————
Repairs & Maintenance—————
Property Management—————
Payroll & Admin—————
Marketing & Leasing—————
CapEx Reserves—————
Total Operating Expenses—————
NET OPERATING INCOME—————
DEBT SERVICE
Annual Debt Service—————
CASH FLOW AFTER DEBT SERVICE—————
METRICS
DSCR—————
Cash-on-Cash—————
Expense Ratio—————
NOI / SF—————
Loan Amount
—
—
Annual Debt Service
—
DSCR (Year 1)
—
Min. 1.25x required
Break-Even Occupancy
—

Senior Loan Parameters

%
%
yrs
yrs
yrs
%

Amortization Schedule

YearBeg. BalanceInterestPrincipalTotal PaymentEnd. BalanceLTVDSCR
Levered IRR
—
Equity perspective
Equity Multiple
—
Total MOIC
Avg Cash-on-Cash
—
Unlevered IRR
—
Asset perspective
Value Creation
—
Exit − Entry

Sources & Uses

ItemAmount% Total
Purchase Price——
Acquisition Costs——
CapEx Budget——
Total Capitalization—100%
Senior Loan——
Equity (LP+GP)——
Total Capital Stack—100%

Cash Flow Realization

Gross Exit Price
—
Loan Repayment
—
Operating CFs (Y1–Y5)
—
Total Return to Equity
—
Tiered equity waterfall with preferred return, GP catch-up, and promote splits. Returns flow LP → Pref → GP Catch-Up → Split tiers.

Waterfall Structure

LP/GP
Capital Contributions
%
%
% p.a.
Promote Tiers (Cumulative IRR Hurdles)
1
GP Catch-Up
%
%
%
2
Tier 2 Split
%
%
%
3
Tier 3 Excess
%
%
%

Distribution Waterfall

Enter deal data and calculate to generate waterfall

LP vs GP Summary

LP Total Return
—
—
GP Total (incl. Promote)
—
—
LP vs GP Distribution Breakdown
⚠ Base highlighted blue. Green ≥ 18% IRR | Amber 12–18% | Red < 12%

IRR Matrix — Rent Growth vs Exit Cap Rate

EM Matrix — LTV vs Interest Rate

Scenario Analysis

🐻 Bear Case
Rent Growth1.0%
Exit Cap6.75%
Vacancy12%
IRR
—
—
⚖ Base Case
Rent Growth3.5%
Exit Cap5.50%
Vacancy5%
IRR
—
—
🐂 Bull Case
Rent Growth5.0%
Exit Cap4.75%
Vacancy3%
IRR
—
—
Levered IRR
—
Equity Multiple
—
DSCR (Year 1)
—
Going-In Cap Rate
—

Deal Parameters

Deal Name—
Asset Type—
Strategy—
Market—
Purchase Price—
Price / Unit—
Total Capitalization—
Going-In Cap—
Exit Cap Rate—
Hold Period—

Return Metrics

Levered IRR—
Unlevered IRR—
Equity Multiple—
Y1 Cash-on-Cash—
DSCR (Y1)—
LTV at Close—
Total Equity—
Senior Loan—
Exit Value—
Total Profit—

Investment Memorandum

AI Deal Analysis
Maze AI Analysis · Risk flags, assumption benchmarks & full IC memo
💡 Fill in your deal data in the Overview tab first, then click Run AI Analysis. Our AI agent will review every assumption, benchmark against market norms, flag risks by severity, and write a full Investment Committee memo you can copy and share.
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