Multifamily Forbearance Analysis Simplified with redIQ

Evaluate Your Forbearance Options with redIQ’s Projected Cash Flow Calculator

Hundreds of companies and thousands of users rely on redIQ to evaluate deals from document intake to full underwriting during normal conditions. While our platform has always been geared towards the acquisition of new properties, we understand that during this turbulent economic situation caused by COVID-19, evaluating existing assets has taken on an elevated importance. Specifically, many multifamily owners are conducting a forbearance analysis of their properties, particularly in light of the recently passed CARES Act.

To help navigate the considerations that go into a forbearance analysis, redIQ now offers a free Projected Cash Flow Calculator, a simple but powerful model that determines if a given property will meet its debt service obligations. The model considers recent financials and uses those as the basis for revenue projections. It factors user-input assumptions for future rent collections against cash flow from operations and cash on hand in order to evaluate whether a borrower can meet their debt service obligations.

This calculator provides owners and asset managers with federally-backed loans a better glimpse into their forbearance options. Using the model as a first step, teams can develop new portfolio strategies and plans for individual assets and can better communicate with relevant servicers, lenders, and other stakeholders.