Real Estate Underwriting · Serving Investors Nationwide

Real Estate Underwriting

F&M Management builds acquisition models and pro formas that hold up to lender, investor, and partner scrutiny — for deals across the country.

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Architectural blueprints and building plans

Signs It's Time

Is It Time for Dedicated Underwriting Support?

Deal flow moves fast. If underwriting is the bottleneck, opportunities slip through.

✓ You’re evaluating deals on a rough back-of-envelope basis instead of a full pro forma.
✓ Lenders or JV partners have pushed back on assumptions in your underwriting.
✓ You don’t have capacity to underwrite every deal that comes across your desk.
✓ You need a second, objective set of eyes on a deal before committing capital.
✓ Post-acquisition, actuals aren’t being tracked against your original underwriting.

Scope

What's Included

Underwriting support across the deal lifecycle, from initial screen to closing.

✓ Acquisition underwriting and pro forma modeling (development and value-add)
✓ Sensitivity analysis on rent growth, exit cap rate, and construction cost assumptions
✓ Debt sizing and capital stack analysis
✓ Lender and investor-ready reporting packages
✓ Post-closing actual-vs-pro forma performance tracking
✓ Market and comparable transaction research to support assumptions

Flexible By Design

Engagement Options

Every engagement is built around where you are today, not a one-size-fits-all package.

Project-Based

A defined scope and price for one-time work — a financials cleanup, a system implementation, or an underwriting package.

Hourly Rate

Pay only for the time you need — well suited to ad hoc support, advisory questions, or lighter workloads.

Fixed Monthly Rate

A predictable monthly retainer for ongoing support, scaled to your business.

Common Questions

Real Estate Underwriting — Frequently Asked Questions

What types of deals do you underwrite?

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We’ve underwritten acquisition, development, and value-add deals across real estate, hospitality, and mixed-use properties, including lender and investor reporting for active projects.

Can you turn around underwriting quickly for a deal under LOI?

Yes — deal timelines are often tight, and we scope underwriting engagements around your actual timeline, including expedited turnarounds when needed.

Do you build the model, or just review one we already have?

Both. We build pro formas from scratch, or review and stress-test a model your team or broker has already prepared before you commit capital.

Can you support ongoing lender or investor reporting after closing?

Yes — many engagements continue post-closing with recurring reporting packages that track performance against the original underwriting.

Do you work with investors outside of Florida?

Yes. We underwrite deals across the United States. Underwriting work is well suited to remote collaboration, with site visits arranged as needed.

Get Started

Let's Talk About Your Finance Function

Whether you need a fractional CFO, a controller to own the close, or a bookkeeping cleanup, F&M Management can start with exactly what you need.

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