Berkadia’s multifamily investment sales team evaluates 100-120 deals per year. As a senior analyst, Paul Rogers spends much of his time processing and analyzing the raw data that they receive in rent rolls and operating statements - documents in all different formats and file types. Processing the financials for a single deal could take up to 48 hours, and only then could the real analysis begin. That was before redIQ.
Since joining the other 5,000+ (and growing) users on the redIQ platform Berkadia’s productivity has increased exponentially. Instead of taking 48 hours just to process financials, they now take a deal from processing to full underwriting in as little as 30 minutes. redIQ also provides them with a rich set of insights that equips them to better advise their clients and gives them a competitive edge in pursuing new business.
redIQ is transforming the analysis and underwriting of multifamily transactions. With more than 300 clients, including six of the top 10 acquisitions teams and nine of the top 10 brokerages in the United States, nearly 40% of all multifamily transactions in the United States come through redIQ. Ideal for investors, owner/operators, brokers, asset managers, and lenders, some of redIQ’s most popular features include:
See for yourself how redIQ can transform your multifamily business.