Suncrest Capital
Suncrest Capital is a real estate investment firm that focuses on Manufactured Home Communities, RV Parks, Self-Storage, and Multi-family properties in the
Mid-West region. They currently manage 19 communities with 1125 units valued at $50 million.
Challenges
- Suncrest Capital lacks resources and time to expand as the founders of Suncrest Capital do their full-time jobs with Real Estate Investing and want to expand their Real Estate Investing Business.
- They invest in Mobile Home Parks and want to expand to other asset classes like Multi-Family, retail, self-storage, etc. but lack someone who could Underwrite and have knowledge of different asset classes.
- The high cost of hiring a full-time top-caliber analyst for their growing business.
Solution
Suncrest Capital chose RealVal.
Set up an Underwriting Process
We helped Suncrest Capital set up an Underwriting Process suitable for them.
We helped them analyze twice the number of deals in the same amount of time.
Build and Update Underwriting Models
Suncrest used to do Underwriting on a model, which took much more time because of manual tasks which needed to be done in every deal. We minimized
the time it takes for a single deal to Underwrite by automating the model and removing manual, repetitive tasks.
Working a couple of hours a week
As Suncrest initially didn’t need a full-time analyst, we started working only a couple of hours weekly with them.
As Suncrest grew to a $30 million AUM company with 13 communities under management, we became a core part of their Underwriting Team.
By underwriting more than 200 deals, we helped them achieve their whole year’s target in just six months.
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