Vyzer Analysis Demo · Vyzer Analysis
3.5 /5
🟡 CONDITIONS
Multifamily · Cedar Ridge, AL

Ridgewood Terrace Apartments

Solid suburban multifamily with experienced sponsor, but thin margin of safety on projections and no prior portfolio history.

Sponsor 25%
4.0/5 *
Returns 20%
3.2/5 *
Market 20%
3.9/5
Structure 20%
3.5/5 *
Risk 15%
2.7/5
32 of 35 parameters disclosed

Score Detail — 35 Parameters

Sponsor & Team 25% 6/7 disclosed
4.0
Track Record Depth
4
Historical Performance
3
Team Depth
4
GP Co-Investment
4
Institutional Backing
N/A
Operational Infrastructure
4
Regulatory Record
5
Returns Quality 20% 6/7 disclosed
3.2
IRR vs Benchmark
3
MOIC
4
Cash-on-Cash / Pref
3
Revenue Growth Assumptions
3
Exit Assumption
3
Expense Assumptions
3
Downside / Stress IRR
N/A
Market Thesis 20%
3.9
Demand Fundamentals
4
Supply Pipeline
4
Employment & Population
4
Macro Tailwind
4
Competitive Landscape
4
Barriers to Entry
4
Thesis Differentiation
3
Deal Structure 20% 6/7 disclosed
3.5
Preferred Return
3
Waterfall Fairness
3
Fees
4
GP Co-Invest %
4
LP Protections
N/A
Liquidity Terms
3
GP/LP Alignment
4
Risk Profile 15%
2.7
Leverage / LTV
3
Debt Structure
2
Construction Risk
3
Concentration Risk
2
Regulatory Risk
4
Exit / Liquidity Risk
3
Interest Rate Sensitivity
2

3 parameter(s) not disclosed in the deal documents and excluded from scoring. Ask the GP to provide:

  • Institutional Backing
  • Downside / Stress IRR
  • LP Protections
IRR 19.2% Target return
MOIC 2.86x Equity multiple
Hold 10 years Investment period
Min check $50,000 Minimum invest
Analysis
Key Strengths
Experienced operator with 1,200+ unit track record in Texas markets
Cedar Ridge submarket shows 97% occupancy and 6% YoY rent growth
Acquisition fee contributed back as LP equity — strong alignment signal
Key Risks
Y1 negative net income requires $600K reserve draw — thin cushion
Single-asset concentration with no diversification
Interest rate sensitivity on floating rate bridge debt
No prior relationship with this sponsor in Vyzer portfolio database
Conditions
Conditions Before Committing
Confirm Form D filing for the SPV entity before wiring
Request trailing 12-month rent roll and occupancy data
Verify GP co-invest amount and alignment mechanism
Stress-test assumptions at 200bps rate increase scenario
Confirm construction budget is a fixed-price contract
Background Check
SEC EDGAR · Form D Filing FILED ▾
✅ Filed
Form D filed by Granite Peak Capital LLC on 2023-04-12
2 total filing(s) on record
View filing on EDGAR →
Court Dockets · CourtListener CLEAN ▾
✅ Clean
No court dockets found
Verify on Courtlistener →
Managing Partner
David Reeves
No dockets found
Search →
CFO
Rachel Torres
No dockets found
Search →
SEC Enforcement Actions CLEAN ▾
✅ Clean
No SEC enforcement actions found
Search SEC →
FINRA BrokerCheck · Individuals CLEAN ▾
Managing Partner
David Reeves
No FINRA records found
BrokerCheck →
CFO
Rachel Torres
No FINRA records found
BrokerCheck →
Web Reputation
Google DuckDuckGo Google News Reddit
Reddit · 2 results found
Anyone invested with Granite Peak Capital? Thoughts?
r/realestateinvesting · 2024-03-10 · ▲ 14
Granite Peak Capital — legit?
r/passive_income · 2023-11-22 · ▲ 5
Portfolio Cross-Reference
🆕  First-Time Sponsor — No prior history in portfolio
Granite Peak Capital has no prior investment history in Vyzer's database. This would be a first-time LP relationship with this sponsor. Conduct additional reference checks with existing LPs before committing.
Bottom Line
Analyst Conclusion

Ridgewood Terrace is a well-located value-add play in a strong Austin suburb. The sponsor shows operational depth and the submarket fundamentals support the thesis. Key concerns are the Y1 cash burn and lack of prior LP relationship. Proceed to next round of diligence conditioned on Form D confirmation and rent roll review.

Deal Info
Sponsor:  Granite Peak Capital
Deal:  Ridgewood Terrace Apartments
Asset Class:  Multifamily
Geography:  Cedar Ridge, AL
Source file:  Ridgewood Terrace Business Plan.pdf