Fintok AI — the AI course for commercial real estate

PART 1 OF 2 · ASK, READ, ADJUST

12 CREDITS

Step 1 of 6 · Part 1 of 2

A different file, the same loop

48 Pearl is from elsewhere in the course, not the deal you learned this on. Read the file beside you. You can download it from the file header and keep working with it after this session.

The file

Training email · acquisitions first-look note

48 Pearl

Fictional training record · received July 29, 2026 · 7:42 AM PT

From: Priya Shah <priya@ridgetop.example> To: Jordan Lee <jordan@ridgetop.example> Date: Wed, Jul 29, 2026 at 7:42 AM PT Subject: 48 Pearl — first-look figures

Jordan,

The broker is guiding $1.90 million for 48 Pearl, an 8-unit apartment building. The broker-stated in-place rent is $11,800 per month, and the owner-stated operating expenses are about $52,000 per year. The broker’s comp note says small nearby buildings have traded around a 6.2% cap rate.

We do not have the rent roll, trailing operating statement, sale-comp sheet, or a condition report yet. Treat the income, expenses, cap-rate comment, and condition as unverified until those sources arrive.

Thanks, Priya

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