# 90-Day Owner Execution Plan Addendum
## Tracy & Dylan — NOI Sheets + Lender Takeout Structure

**Date:** 2026-04-15  
**Purpose:** Standardize property-by-property NOI reporting and lender takeout sizing/timeline to protect cash-flow and turnover performance while building with cash.

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## 1) Owner Mandate

### Tracy (Execution Governance)
- Own schedule discipline for all NOI packet submissions.
- Ensure each property has a complete lender-ready package.
- Track lender outreach, term feedback, and takeout readiness by date.
- Escalate any missing inputs or slips >48 hours.

### Dylan (Financial Modeling + Packet Production)
- Build/maintain NOI sheets for each property.
- Estimate loan amounts per lender structure (DSCR/LTV constraints).
- Produce takeout scenario model (base/conservative/aggressive).
- Maintain rolling timeline to closing milestones.

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## 2) Required PDF Deliverable Set (Per Property)

1. **NOI Summary Sheet**
   - Current NOI (monthly/annual)
   - Stabilized NOI assumptions
   - Expense normalization notes

2. **Loan Sizing Sheet**
   - DSCR-based max loan
   - LTV-capped max loan
   - Final likely loan amount (binding constraint identified)

3. **Lender Takeout Structure Sheet**
   - Target lender(s)
   - Product type (HUD/conventional/bridge-to-perm/etc.)
   - Required coverage metrics
   - Reserve/escrow assumptions

4. **Timeline Sheet**
   - Appraisal order date
   - Third-party report milestones
   - Credit committee date
   - Closing target date

5. **Risk & Mitigation Sheet**
   - Top blockers
   - Financial impact if delayed
   - Owner + due date + recovery action

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## 3) 90-Day Timeline

## Days 1–30
- [ ] Build standardized NOI template for all properties
- [ ] Collect all trailing financials + rent rolls + assumptions
- [ ] Publish first lender sizing pass for each asset
- [ ] Launch lender term collection and comparison table

## Days 31–60
- [ ] Lock stabilized NOI assumptions with written support
- [ ] Finalize DSCR/LTV sensitivity ranges
- [ ] Identify primary + backup takeout lender per property
- [ ] Issue timeline-to-close tracker with dated milestones

## Days 61–90
- [ ] Deliver lender-ready final PDF package per property
- [ ] Confirm execution sequence aligned to turnover schedule
- [ ] Publish final cash-flow protection dashboard
- [ ] Executive review and go-forward funding map

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## 4) Cash-Build / Turnover Protection Controls

- No property proceeds without takeout readiness score.
- Weekly turnover ratio review tied to funding timeline.
- Any projected shortfall triggers immediate corrective action plan.
- All assumptions must be documented and version-controlled.

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## 5) KPI Dashboard (Weekly)

- NOI variance vs target
- Estimated loan proceeds vs target
- Lender response cycle time
- Days to close readiness
- Turnover cash exposure by property
- Shortfall risk count (open vs closed)

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## 6) Executive Priority Statement

This workflow is critical to maintaining cash-flow while building with cash. 
The NOI and lender takeout packet must run in parallel with construction turnover cadence to avoid liquidity pressure and schedule disruption.

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## Signoff
- Tracy: ______________________ Date: __________
- Dylan: ______________________ Date: __________
- Russ: _______________________ Date: __________