Investment committee memo draft
A first-pass IC memo from your deal notes and model outputs, in your firm's usual order.
Last tested 2026-10-19 Its example inputs were run through Claude Haiku 5.5, and an AI judge (Jev) scored the reply 71/100 for following the rules and doing the task.
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Example output
I wrote this by hand on 2026-10-19 from the made-up inputs below, to show what a good result looks like. Your results will vary, so read every draft before you use it.
Example inputs
- Deal summary (property, price, basis): Maple Court, 8 units, $1.05M ($131K/unit)
- Model outputs you want to show: Projected 5-yr levered IRR 14.2%, equity multiple 1.78x, going-in cap 5.7%, stabilized yield on cost 7.1%
- Thesis and risks: Renovate 6 units at $12K each to reach $1,250 2BR rents. Risk: renovation costs, slower lease-up, tax reassessment.
Investment committee memo: Maple Court
Recommendation: Approve the acquisition at $1.05M, subject to the open items below.
Deal summary: 8 units for $1.05M ($131K per unit).
Thesis: Renovate 6 units at $12,000 each to push 2BR rents to about $1,250, in line with renovated comps nearby.
Key numbers (projections from the model)
- Going-in cap rate: 5.7%
- Stabilized yield on cost: 7.1%
- 5-year levered IRR: 14.2% (projected)
- Equity multiple: 1.78x (projected)
Risks and mitigants
- Renovation costs run over: get two contractor bids before closing.
- Lease-up is slower than planned: renovate on turnover, not all at once.
- Property taxes get reassessed after the sale: underwrite taxes at the purchase price.
Open diligence items
- Contractor bids
- Tax reassessment estimateAI drafts can be wrong. Check every fact, name, and number before you send anything. Free: build prompts with no limit and 5 AI runs a day. A paid plan: 100 runs a day, 1,000 checks a day, batch runs for 50 contacts.
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