PropCo Memo run started

PropCo/OpCo separation analysis for institutional CRE financing

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🔎 Tool: read_document

{
  "doc_type": "financial_model"
}

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Meiborg — Financial Model (financial_model, v1)

# Meiborg — Financial Model
*Prepared by ERAH Capital Advisors*

## Quality of Earnings — EBITDA Normalization Bridge

Based on my analysis of the financial statements, I can now build the Qu
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🔎 Tool: read_cached

{
  "source_file_id": "4361a16e-27a2-4709-a81d-d33a54850047"
}

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Meiborg Property.xlsx

### Sheet: Sheet1

State,#,Name,Address,City,Start Date,End Date,Previous SqFt,"Square
Footage",Revenue Notes,"Monthly
Revenue",Rev/SqFt,"Monthly
Payment",%,Pay/SqFt,Payment Notes,Customer Payment Terms,"# of 
Custome
…

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{
  "source_file_id": "e5f40ee6-85ac-4e6d-a411-7ce64350c0b9"
}

→ Tool result (read_cached)

Meiborg Debt Schedule 202511.xlsx

### Sheet: MB - Debt Schedule Master

                           
MBI Debt Schedule
11/30/25

,,Loan,,,,,, ,,,Totals
Lender,,Loan Description,Link,Additional Description,Monthly Payments,TOTAL REMAINING LO
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Run complete. Drafted Meiborg — PropCo / OpCo Memo.

Phase trace: drafting.