Broker Submissions
Algonquian Real Estate reviews small multifamily opportunities that meet defined underwriting standards across Connecticut.
Acquisition Criteria
We are actively reviewing:
• Three-family residential properties
• Four-to-six unit multifamily assets
• Stabilized or lightly value-add properties
• Connecticut-based markets with consistent rental demand
We prioritize properties that demonstrate day-one cash-flow viability under conservative underwriting assumptions.
Baseline Underwriting Standards
• Target DSCR ≥ 1.25x
• Target LTV range: 70–75%
• Vacancy assumption: 5–8% minimum
• Reserve requirement: 3–6 months PITI
• Stress-tested rate sensitivity
Opportunities that do not meet baseline criteria may not advance to formal review.
Submission Requirements
To ensure timely evaluation, please include:
• Offering memorandum (if available)
• Current rent roll
• Trailing 12-month operating statement (if available)
• Property address and unit mix
• Asking price
• Known capital improvement history
• Broker contact information
Incomplete submissions may delay review.
Review Process
Phase I – Preliminary underwriting review
Phase II – Follow-up data request (if applicable)
Phase III – Formal offer consideration
Qualified submissions typically receive initial feedback within 3–5 business days.
Submit Opportunities
Email submissions to:
algonquianre@gmail.com
Subject Line: Property Submission – [City] – [Unit Count]
We value long-term relationships with brokers operating in our target markets.