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Q2 2025 Fund Update: Forcing Functions & First Stabilized Property
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Q2 2025 Fund Update: Forcing Functions & First Stabilized Property

If Q1 was our core team mastering new and improvement management, Q2 was pushing these standards to all our partners. Growing pains bore fruit.

  • Muhan Zhang

    Muhan Zhang

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    Muhan Zhang

Muhan Zhang

19 Jul 2025 • 7 min read
Q2 2025 Fund Update: Forcing Functions & First Stabilized Property

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21 Russo Underwriting & Deal Memo (Closing Date: 7/26/2025)
Free Post
real estate underwriting

21 Russo Underwriting & Deal Memo (Closing Date: 7/26/2025)

Younger sibling to 65 Russo is also being sold. Both properties are pretty similar financially, but are getting slammed by higher appraisals, property taxes, and insurance. Is there a commercial BRRRR hail Mary here?

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    Muhan Zhang
Muhan Zhang 24 Jul 2025 • 2 min read
25 Margaret Underwriting & Deal Memo (Closing Date: 6/30/2025)
Free Post
real estate underwriting

25 Margaret Underwriting & Deal Memo (Closing Date: 6/30/2025)

Twelve unit in Pawtucket that hasn't sold in 3 months. Wrote another underwriting with new underwriting format.

  • Muhan Zhang
    Muhan Zhang
Muhan Zhang 5 Jun 2025 • 2 min read
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