For REIGs, GPs & accredited LPs

Find. Fund. Close. Trade.

Source verified off-market deals, underwrite on trailing-12 actuals — NOI, DSCR, bank-defensible pricing — then raise capital, close, and trade LP positions on the only native multifamily secondary market. The complete 9-step sequence. Zero steps skipped.

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Reg D 506(c)KYC + AML verifiedAccreditation checkedUnderwritten, every deal
$0M*
Verified deal flow ytd
0*
Active investor mandates
0
Steps · zero skipped
0
Target submarkets
The Operating Platform

Nine steps. Zero skipped.

The complete multifamily acquisition cycle, in order. Skip a step and the deal carries hidden risk into the next one. Liquid Estates enforces sequence integrity so what closes is what was underwritten.

Step 01 · Find

Pocket flow before the listing.

Tier-1 broker relationships, off-market sweeps across five supply-constrained submarkets, and standing mandates with operators who call us first. Every lead comes with broker tier, exclusivity window, and source attribution.

  • Tier 1 broker pocket inventory · 14-day exclusivity windows
  • Four mandate markets — Dallas-Fort Worth, Miami, Phoenix, Nashville
  • Sourced lead history attached to every property record
01
Find
Step 01 · Find
Pocket flow before the listing.

Tier-1 broker relationships, off-market sweeps across five supply-constrained submarkets, and standing mandates with operators who call us first. Every lead comes with broker tier, exclusivity window, and source attribution.

  • Tier 1 broker pocket inventory · 14-day exclusivity windows
  • Four mandate markets — Dallas-Fort Worth, Miami, Phoenix, Nashville
  • Sourced lead history attached to every property record
02
Analyze
03
Get Deal
04
Get Money
05
Due Diligence
06
Close
07
Manage
08
Exit
09
Scale
Step 01 · Find

Verified inventory, not aggregated listings.

Every property is sourced through a tiered broker relationship or a standing mandate, and arrives with trailing-12 actuals attached. Below is a snapshot of what's currently underwriting on the platform.

7 active · sample shown · placeholder data*
Pocket · Tier 1 Verified
Cypress Ranch
$32.4M
Dallas-Fort Worth, TX · 84 units
NOI$2.14M
DSCR1.42
Cap5.6%
IRR18.2%
Listed · Wk 2 Verified
Wynwood Yards
$48.9M
Miami, FL · 142 units
NOI$3.06M
DSCR1.38
Cap5.2%
IRR16.7%
Active Watch Verified
Harbour Vue
$28.7M
Tampa, FL · 96 units
NOI$1.84M
DSCR1.45
Cap5.8%
IRR19.4%
Off-market Verified
Camelback Lofts
$41.2M
Phoenix, AZ · 64 units
NOI$2.52M
DSCR1.34
Cap5.1%
IRR15.8%
Pocket · Tier 1 Verified
Wedgewood Mews
$26.5M
Nashville, TN · 108 units
NOI$1.71M
DSCR1.48
Cap5.9%
IRR20.1%
Listed · Wk 1 Verified
Preston Hollow
$18.8M
Dallas-Fort Worth, TX · 56 units
NOI$1.21M
DSCR1.40
Cap5.7%
IRR17.6%
Step 02 · Analyze

Worst-case alongside base case. Every deal.

Liquid Estates underwrites every property to a verified base case and a worst case — rents -10 to -15%, occupancy 80%, expenses +10%. The worst case never goes below the fold.

NOI · Trailing 12
$2.14M
+6.4% vs. broker proforma adjusted
NOI · Worst case
$1.71M
-20.1% from base · still covers debt
DSCR · Base
1.42×
vs. lender minimum 1.25×
DSCR · Worst
1.14×
Below covenant · refi window required

A broker's proforma is a marketing document. Our underwriting is what the lender will sign.

01
Trailing actuals onlyPro-forma NOI is a starting point — not a basis for an offer. We bridge to trailing 12 with attestation from the rent roll.
02
Cap rate from comps, not pitch decksSubmarket cap rate is derived from the last four closed transactions in a 24-month window — not a CBRE survey average.
03
Worst case is mandatoryRents -10 to -15%, occupancy 80%, expenses +10%. The dashed line on every chart on the platform.
Step 07 · Manage

Actuals tracked against underwriting. Month one.

Every position reports monthly NOI against the underwritten projection and the mandatory worst-case band. No quarterly smoothing — the chart shows what the property is producing.

NOI · Monthly TTM
Dallas-Fort Worth · 84 units · values in $K
Actual
Projected
Worst case
NOI · TTM
$2.14M
+2.1% vs projection
Projected · TTM
$2.10M
Underwritten basis
Occupancy
94%
In-place · trailing 30
DSCR · Current
1.42×
vs covenant 1.25×
Step 08 · Path C · The differentiator

Liquidity, engineered in. Never retrofitted.

Multifamily equity has always been illiquid by default. We changed the architecture: every deal is structured from day zero with a transferable interest, and the platform hosts a native secondary market where positions trade against current NOI and the live submarket cap rate.

Result: investors aren't punished with a 20–30% illiquidity discount when they need to exit. They list, the desk matches, and the position transfers — closed in the same accounting period.

Pricing tied to current NOI × current cap rate
Bid / ask depth visible to verified investors only
Transfer settled through Clear Title — same legal rails as primary
Implied yield to ask — never illiquidity-discounted
Secondary Market · Live ledger
14 listings · placeholder*
Asset · Position
NOI · TTM
Implied cap
Bid / Ask
Cypress Ranch · LP-7
Dallas-Fort Worth · 1.2% interest
$2.14M
5.6%
$485K+8.2% impliedBid
Wynwood · LP-3
Miami · 0.8% interest
$3.06M
5.2%
$612K-1.4% impliedAsk
Harbour Vue · GP-A
Tampa · 2.0% interest
$1.84M
5.8%
$724K+12.6% impliedMatched
Camelback Lofts · LP-12
Phoenix · 0.5% interest
$2.52M
5.1%
$316K+3.1% impliedBid
Wedgewood · LP-2
Nashville · 1.5% interest
$1.71M
5.9%
$398K+5.4% impliedAsk
Brooklyn Pier · LP-12
New York · 0.5% interest
$2.52M
4.9%
$316K+3.1% impliedBid
Getting access

Apply in minutes. We carry the weight.

Access is gated to keep the room serious. The application is short — the work behind it isn't, and we handle that part.

01

A guided application — not a form

Answer a few questions about your mandate. We handle KYC/AML, accreditation, and entity verification inside the flow — no 6-field wall, no marketing sequence.

02

We do the underwriting

Trailing-12 NOI, DSCR, and bank-defensible pricing on every deal — built in. You review verified actuals, not optimistic proforma.

03

Reviewed in ~2 business days

Most applications are decided within two business days. Approved members go straight into live, market-matched deal flow.

What you're agreeing to — and what you're not

No performance promises. We don't guarantee returns — private real estate carries risk, including loss of principal. What we do guarantee is the process:

  • Free to apply — no capital commitment to see deal flow
  • Every deal is underwritten on verified actuals, or it never gets listed
  • Accredited-only: a vetted room, not an open marketplace
  • Cancel your subscription anytime
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Early access

Built for GPs who close.
And LPs who know the difference.

Source it, underwrite it, fund it, close it — and trade the equity when you're ready. Apply for investor access and we'll match your mandate to live deal flow. Already a member? Sign in.

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Reg D 506(c) · Accredited investors only · No public solicitation of unregistered securities

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