Building Risk Assessments Faster Than Ever
Preparing the information you'll need to use the (RE)meter software is easy with the downloads provided below.
The Tenant Credit Application helps you collect and prepare necessary information beforehand, making the risk assessment process incredibly efficient and cost effective. Fill out the Tenant Credit Application and upload it to the TIL (RE)port. After the Tenant Credit Application is filled out, a third of the inputting is complete. Next, download the Input Checklist and complete the other necessary information within the Input Checklist which includes the company's NAICS code and the lease terms. This will help to streamline the inputting process when logging in to the site.
Let's get started!
Below are a few frequently asked questions
1. Why run the TIL Score?
The TIL Score can assess both the Risk and Value Creation of a potential lease transaction. The benchmarks illustrate how much risk and where the risk lies whether it's in the tenant, industry or lease. In addition, (RE)meter's TIL Score illustrates how much value is created by each lease transaction as compared to average property/asset class cap rates. Our score calculates the spread between average property class cap rates and a risk adjusted cap rate of the proposed lease deal.
2. When do I run the TIL Score?
The TIL Score should be run on every lease transaction to understand your risk. This tool can be used on any size lease transaction (1,000-100,000+sf) for any type of tenant; private and public companies or government and not for profits.
3. Who should use the TIL Score?
Owners, Asset managers, Landlords, Landlord Reps and Risk Analysts of REITS, as well as Lenders and Commercial Real Estate Companies.
4. What do I need in order to run the TIL Score?
You will need 8 line items from the tenant's financials: 2 years of the income statement and 1 year of the balance sheet. These include: Net Revenue, COGS, EBITDA, Net Income, Current & Total Assets, Current & Total Liabilities, the Industry Code (NAICS Code), and the lease terms of the deal. See the Input Checklist.
5. Where does the (RE)meter data come from?
(RE)meter has exclusive data from the IRS, Census Bureau and Department of Labor through a third party data provider.
6. What makes (RE)meter the most powerful tool in underwriting?
The combination of the (RE)meter team's industry experience matched with the software's credible government data, makes this tool more accurate than anything in the marketplace. Being able to utilize 27 million de-identified tax returns combined with the U.S. Census and Department of Labor allows tenants and industries to be benchmarked against their competitors locally and nationally using financial data never attained before.
7. What does the TIL stand for?
Tenant, Industry and Lease—the Tenant Score is comprised of two sets of financial indexes that measure economic business performance and business risk. The indexes are comprised of 10 separate benchmarks on the tenant vs. their local industry competitors. The Industry Score is comprised of these 10 financial benchmarks used on the tenant's local industry vs. the tenant's industry nationally. The Lease Score is comprised of three benchmarks based on the lease structure. The weighted average of these scores create the TIL Score.
8. How much does the TIL Score (RE)port cost?
There is a per report charge of $0.10/sf with a cap of $800.
9. How long does it take to run a (RE)port?
The TIL Score is a self-serve tool and can be used at any time from any device. The user gets a "username" and "password" and can log in through our website. The TIL (RE)port should take about 15 minutes to create and generate. If the user decides that they want (RE)meter to run the TIL Score (RE)port, it will run under your user account and have it back to you within 48 hours.
10. What level of NAICS does this product use?
NAICS. Which contains 1,100 industries.
11. What is my tenant's NAICS/Industry Code?
(RE)meter offers a tool within the software that allows you to search your tenant's NAICS code. You can also search the code online by typing, "tenant name and NAICS code." The description within the software will confirm it is correct.