ILLUSTRATIVE ONLY Every number on this page is invented. Haverlund Real Estate Partners, its fund and its six properties are fictional, and nothing here was drawn from any real company's books, buildings, loans or confidential material. It is a working sample of the portfolio reporting SPRCHRGR does, populated with plausible fictional data so the shape of the analysis is real even though the figures are not.
Haverlund Fund II Portfolio review, Q3 2026
ILLUSTRATIVE
TODAY

What Haverlund's portfolio says about the refinance, the distribution and the promote

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Scorecard
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NOI and debt service coverage, property by property Trailing twelve months to Sep 30, 2026 · coverage is NOI over senior principal and interest
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Entity-by-entity consolidation Six property LLCs, the fund, the eliminations and the consolidated total · trailing twelve months, cash basis
SAME IN EITHER VIEW
What comes out, and what stays in. The fund lent Brisbeck $1.5M in January 2025 to finish its renovations. In the property's books that is a loan and an interest cost. In the fund's books it is a receivable and interest income. Consolidated, the fund owes itself nothing, so both sides drop out. The 3% property management fee stays in: the manager is an affiliate of the sponsor but sits outside the fund, so to the LPs it is a real cost, and it is disclosed as a related party.
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Debt maturities and refinance scenarios Every loan, when it comes due, and what a new lender would size it at · refinance terms are illustrative
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Cash, distributions and capex reserves Month by month, Oct 2026 to Dec 2027, through all three maturities · a $1.0M floor of cash on hand
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The LP distribution waterfall If every property sold at Sep 30, 2026, who gets what · whole-fund waterfall · pre-tax
Taxes are left out on purpose. Every figure here is pre-tax. K-1 allocations, depreciation recapture and the tax result of a sale depend on each investor's own situation, and that is a conversation for their CPA.
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Exit lens: portfolio value and disposition What each property is worth to a buyer, and what selling one does to the plan · illustrative cap rates · pre-tax
Selling an operating company, not a building? The exit readiness demo walks an owner through add-backs, the working capital peg and cash at close on a fictional distributor.
See the exit readiness demo Talk to Mark about CFOptimize Exit Readiness
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Model notes Read this before quoting any figure above

What it takes to get this on your own numbers

We connect read-only to each property's books and the fund's, map every entity to one chart of accounts, and rebuild the history property by property. Then we put the loans, the reserves, the capital account and the waterfall on top, so debt coverage, the maturity schedule and the LP report all come from the same numbers, refreshed after every month-end close. That is CFOptimize – accelerate your growth, built for sponsors who are managing a maturity wall and an investor letter at the same time.

Talk to Mark about CFOptimize – accelerate your growth sprchrgr.com/mwald