Underwriting Requirements

In order for a property to be included in our portfolio, it must meet the following requirements:

• A break-even point (operating expenses plus debt service divided by the gross potential income) less than 80%
• A debt-coverage ratio (net income divided by debt service) no less than 1.25
• A typical loan-to-value ratio of 80%, but could range from 70% to 90% depending on property and investor targets and available financing
• Targeted payback of initial equity: 5 years or less
• Historic operational trend analysis: 3 years plus year-to-date
• Leases and tenant history analysis
• Engineering and environmental assessments- 3rd party
• MAI appraisal for financing
• Operations, management and contract analysis

WMI will immediately initiate analysis of potential acquisitions upon receipt of:

• Property identification and address
• Complete property description
• Past 3 years plus year-to-date actual operating statements
• Current Rent Roll
• Site plan or survey, if available