Berkadia cuts processing time from 48 hours to full underwriting in 30 minutes

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.

 

 

Better insights.
Faster underwriting.
Smarter investing.

 

redIQ is transforming the analysis and underwriting of multifamily transactions. With more than 5,000 active users, including six of the top 10 acquisitions teams and nine of the top 10 brokerages, 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:

  • Take a deal from raw files to full underwriting in as little as 30 minutes

  • Upload, clean, and analyze rent rolls instantaneously
  • Spread and map operating statements with mere clicks
  • Standardize your chart of accounts automatically
  • Generate comps from the most reliable underwriting data sets
  • Produce powerful, Excel-based underwriting models

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See how redIQ can transform the way you analyze and underwrite multifamily transactions.