Underwriting
End-to-end deal underwriting across every asset class and deal size.
Rook
Underwriting Services
Rook
Underwriting Services
Underwriting Services
Rook is an independent real-estate underwriting service. We bring the diligence rigor of professional capital markets to commercial and residential transactions of every size — sourced, modeled, and auditable. Augmenting your team — not turn-key, real-estate side only.
Nine practice areas — across CRE, SFR, industrial, land, and special-purpose assets.
End-to-end deal underwriting across every asset class and deal size.
Submarket fundamentals, comparable sales, and demographic intelligence.
Independent valuation opinions and Broker Opinions of Value.
HBU studies for land, redevelopment, and repositioning decisions.
Rent-roll diagnostics and ongoing portfolio performance review.
Investor narrative, financial exhibits, and risk-disclosure framing. Not a PPM.
LP/GP waterfall design, promote tiers, and capital-stack structuring.
Debt-side underwriting and lender-ready financing packages.
Letters of intent drafted to institutional standard, ready for transmission.
Rook engagements deliver to a single standard: institutional. Models are source-cited. Assumptions are documented. Reporting is LP-syndication-ready on day one.
Discuss a transaction ›A short tour of the questions we hear most — comps, appraisers, lenders, audits, tokenization. Full answers on the Q&A page.
A consistent engagement flow from first contact through final deliverable.
Brief introduction call or written exchange. Asset type, deal size, target timeline, and scope of work clarified up front.
Fixed-fee proposal sent in writing with a defined deliverable list, milestones, and turnaround. No retainers, no surprises.
Audit-ready package delivered on schedule. One round of revisions standard. All assumptions documented and source-cited.
A clear scope keeps engagements efficient and the deliverable institutional.
Commercial · Residential · Industrial · Land · Special-Purpose
Multifamily, office, retail, NNN, warehouse and flex, single-family and small residential, raw and entitled land, hotels, self-storage, medical office, and adjacent specialty assets.
$1,000,000 & above
Minimum applied per engagement, not per asset. Individual SFR transactions are accepted in portfolio bundles that meet the $1M aggregate threshold.
MSA + per-SOW fixed fee
Master Services Agreement governs the engagement; deliverables contracted via separate Statements of Work with fixed fees, quoted in writing before work begins. No retainers. NDA accommodated as standard. Independent — Rook does not take principal positions in client transactions.