Case studies
The decision before the capital moves
Each case study follows a real engagement: the decision a client was facing, what the numbers actually showed, and what I recommended. Client names and identifying details are withheld.
Acquisition underwriting · Boutique inn
Before the Close
Could a boutique inn support its lease without higher room rates and occupancy?
Buyers of a leased inn needed to know whether the operator could pay the rent they were counting on. At flat performance, the model projected roughly $900,000 in unpaid rent by lease end, which reframed the deal around operations and lease terms.
Read the case study →Integrated underwriting · Regenerative project
Before the Raise
Develop, sell or hold a project combining real estate, hospitality and a working farm?
The founder had several connected businesses and no single financial picture. Integrated models showed what each business was for, and turned an open-ended question into a defined 60 to 90 day test.
Read the case study →What these engagements have in common
I underwrite the operating business alongside the real estate, because that is where small hospitality deals usually break.
Every key assumption is visible and tested, so you can see what has to go right and what happens if it doesn’t.
The output is a clear set of choices: what to negotiate, what to validate, and how much risk to take on.
Have a deal or project in front of you? Whether you’re buying, raising or deciding what to build next, let’s talk about the decisions your numbers need to support.
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