A PPM for multifamily syndications and value-add deals

Multifamily covers apartment communities — garden-style, mid-rise, high-rise, and build-to-rent communities — typically 20 units or more. In the private-syndication market it is the dominant asset type by deal count, with a mature ecosystem of brokers, debt sources, and LPs familiar with the structure.

Multifamily deals in the wizard range from single-property value-add syndications in the $2–$15M equity-check range up to portfolio roll-ups and discretionary funds in the $25M+ range. The projections, waterfall, and risk language scale across that span.

Several disclosures are close to standard in a multifamily PPM: a unit-mix table, a current-versus-pro-forma rent roll, a capital-improvements budget with unit-interior and common-area line items, a debt summary (agency, bridge, construction), and an exit strategy tied to a specific cap rate. The wizard renders all of these from the underwriting inputs you provide.

Risk-factor content typically emphasizes rent-growth moderation, new-supply exposure in the submarket, renovation-cost overruns, refinance risk on floating-rate bridge debt, and property-management-execution risk. The risk library loads those by default when you pick multifamily; you can add custom risks (historic tax credits, opportunity-zone commitments, municipal rent-control exposure) alongside.

Most multifamily raises in the wizard are Delaware LLCs taxed as partnerships, offering Class A membership units under Rule 506(c), with a 7–9% preferred return, a 70/30 or 80/20 promote after the pref, and a 5-year hold to a market-cap exit. Funds use a similar structure at the fund level with a commitment period and deal-by-deal allocation.