The Situation
The brief.
A mid-portfolio operator was preparing for a $42M refinance. The lender requested current lease abstracts for all 47 leases across the asset, with covenant-relevant flags surfaced.
The operator's in-house team had estimated four weeks of effort. Capistrano was asked whether the schema approach could compress that.
The Work
What we shipped.
- Applied the Capistrano 20-field schema across all 47 leases.
- Flagged two leases with renewal options that materially affected covenant calculations.
- Delivered lender-ready summaries within nine business days.
- Identified pre-refi lease renegotiation opportunities for two key tenants.
The Outcome
The result.
Refinance closed on schedule. The schema now runs across the rest of the portfolio.