菜单
Build a CRE base case on contractual in-place income before any pro-forma step-up — separating real income from assumed growth so the return rests on something sourced. Reach for this when a deal is being sold on stabilized rents.
默认使用会先检查来源的 Prompt；你也可以切换为直接命令，或下载本地副本。
决定是否安装前，请先阅读 SKILL.md，以及 SkillsMP 当前展示的配套文件。
用 Codex 或 Claude 帮你安装 复制这段 Prompt，粘贴到 Codex、Claude 或其他助手里，让它检查 Skill 页面并帮你完成安装。
直接命令不会经过审查 Prompt；运行前请先检查来源。
npx skills add https://github.com/mcorbett51090/RavenClaude --skill underwrite-to-in-place-noi命令会保持在同一行。复制前请横向滚动并检查完整内容。
想先保存到本地？可下载 SkillsMP 当前能够提供的文件。
正在显示 SKILL.md
基于 SOC 职业分类
| name | underwrite-to-in-place-noi |
| description | Build a CRE base case on contractual in-place income before any pro-forma step-up — separating real income from assumed growth so the return rests on something sourced. Reach for this when a deal is being sold on stabilized rents. |
The fastest way to overpay is to underwrite the seller's pro-forma. This runs the base case on in-place income first, then layers each step-up as an explicit, sourced assumption.
Build NOI from the actual rent roll and trailing opex — contractual rent, current occupancy, real recoveries. This is the base case (§3 #1).
Every mark-to-market, lease-up, and bump becomes a named line with a source and a probability, not baked into a blended growth rate.
Show today's income yield and the hold-period levered IRR side by side — they answer different questions (§3 #2).
Re-run with the step-ups removed and a wider exit cap; if the deal only works on the pro-forma, say so plainly.
An in-place base case, a sourced step-up bridge to the pro-forma, and the going-in-cap-vs-IRR pair with a down case.