For time-strapped investors, speed is everything. Here’s how Korra makes underwriting fast, structured, and surprisingly insightful.
If you’re looking at your first multifamily deal, chances are you’re juggling broker emails, OM PDFs, and rent rolls that barely make sense. By the time you start underwriting, someone else has already submitted an offer.
That’s the old way. At Korra, we built a new system — one where you can go from raw deal file to risk-adjusted score in under 15 minutes.
This post breaks down how to analyze a 12-unit building quickly using the Korra Score, our AI-backed underwriting tool built specifically for 5–100 unit properties.
🧾 Step 1: Drop in the Raw Files
Instead of spreadsheets and manual modeling, Korra reads:
- Rent rolls
- T-12s (or P&Ls)
- Offering memorandums
- Pro forma assumptions (if provided)
Our parser scans each document, extracts key line items, and begins organizing around three core underwriting pillars: income, expenses, and market comps.
💡 Tip: The Korra system also flags missing info — so you’re not guessing at vacancy, taxes, or debt service.
📊 Step 2: Score the Deal Automatically
Once uploaded, you get an instant Korra Score, based on real metrics that matter to banks, LPs, and your future self:
- DSCR & NOI Strength
- Rent Position vs. Market
- Expense Ratio Flags
- CapEx Estimate Range
- Appraisal vs. Offer Mismatch Risk
Each score is color-coded (🟢 Green / 🟡 Yellow / 🔴 Red) so you can instantly see if the deal is:
- Bankable
- Fixable (with better terms or CapEx)
- Risky (and should be passed on)
📍 Example: A Real Chicago 12-Unit Deal
We ran a deal last month in Albany Park with the following:
- In-place rents 12% below market
- T-12 expenses running hot at 48%
- Vacancy around 7%
- Offer price = $1.95M
Korra surfaced:
- DSCR of 1.17 on projected debt
- Expense ratio warning (⬆️)
- Market rents were ~$185/unit higher
Result: Yellow Score
📌 Worth pursuing only with new expense assumptions and rent strategy. Sponsor was coached to reprice and resubmit — and it got accepted.
⏱️ Total Time to Insight: 11 Minutes
From file upload to lender-ready summary, Korra turned a 25-page OM into a clear underwriting snapshot, complete with visuals and exportable reports.
That’s what we mean by speed — not skipping steps, but making better decisions faster than anyone else.
🔁 What Happens Next
If the deal looks good, you can:
- Share the Korra Score with your investors
- Prep a loan packet for preferred lenders
- Get matched with legal, inspection, and insurance partners
- Submit a competitive LOI backed by real data
And if it doesn’t? You saved hours and can move on to the next one with zero regret.
🚀 Ready to Try It Yourself?
Whether it’s your first or fifth deal, Korra helps you underwrite with confidence in minutes — not days.