# Underwriting Report

- Status: COMPLETE
- Verdict: FAIL
- Risk Score: 76
- Red Flags: 2
- Data Gaps: 1

## Key Findings
- Leveraged IRR 9.6%
- Scenario pass-rate 3.7%
- DSCR 0.95x

## Red Flags
- [HIGH] Base DSCR 0.95x is below preferred cushion
- [HIGH] Scenario pass-rate 3.7% below target

## Data Gaps
- Historical monthly rent trend missing for two periods

