Underwriting

How I Underwrote a $20M Cannabis Facility in South Africa

Jul 28, 2026

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1 min read

How I Underwrote a $20M Cannabis Facility in South Africa

The land is independently valued at $650K against a $20M raise - that's a 30x collateral gap, no export licence, and no signed offtake contract.

Jordon Barnett

Underwriting

How I Underwrote a $71M Residential Build in Australia

Jul 27, 2026

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1 min read

How I Underwrote a $71M Residential Build in Australia

91 units, 3.5km from Brisbane's Olympic precinct, modular prefab builder - but no pre-sales and a thin sponsor balance sheet are doing a lot of damage.

Jordon Barnett

Underwriting

How I Underwrote a $15M Hydrogen Plant in Malaysia

Jul 22, 2026

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1 min read

How I Underwrote a $15M Hydrogen Plant in Malaysia

Land bought, EPC signed, electrolyser on order - but no offtake agreement signed, and that's the only number that actually matters here.

Jordon Barnett

Underwriting

How I Underwrote a $127M Luxury Resort in Mexico

Jul 20, 2026

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1 min read

How I Underwrote a $127M Luxury Resort in Mexico

Stage 1 is operational with $3.95M annual revenue and 43 homes delivered - the $127M funds 715 acres of coastal expansion at $10/m2 against comps of $200/m2

Jordon Barnett

Underwriting

How I Underwrote the £268M Raise for the London Tunnels Tourist Attraction

Jul 6, 2026

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1 min read

How I Underwrote the £268M Raise for the London Tunnels Tourist Attraction

Targeting a £700M–£1.1B NASDAQ valuation by 2030 on a freehold-owned, fully permitted WWII tunnel network set to become London's first major tourist attraction since the London Eye.

Jordon Barnett

Underwriting

How I Underwrote a 200MW Data Centre in Utah, USA

Jul 3, 2026

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1 min read

How I Underwrote a 200MW Data Centre in Utah, USA

Fully permitted 200MW data centre with its own power plant targeting institutional-grade returns before a single tenant is signed.

Jordon Barnett

Underwriting

How I Underwrote a €2.5B Theme Park in Europe

Jun 30, 2026

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1 min read

How I Underwrote a €2.5B Theme Park in Europe

Planning approved, land already owned, and independently valued above the total build cost. This €2.5B Mediterranean theme park is probably the largest leisure development in Europe right now.

Jordon Barnett

Underwriting

How I Underwrote a $65M Data Centre in Abu Dhabi

Jun 27, 2026

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1 min read

How I Underwrote a $65M Data Centre in Abu Dhabi

A sovereign-backed tenant, NVIDIA-certified architecture, and $72M annual revenue.A sovereign-backed tenant, signed 5-year lease, and $72M annual revenue — this is the first NVIDIA Vera Rubin-certified data centre I've seen come to market.

Jordon Barnett

Underwriting

How I Underwrote a £260M Residential Tower in Manchester, UK

Jun 25, 2026

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1 min read

How I Underwrote a £260M Residential Tower in Manchester, UK

Planning approved, Lloyds in discussion, and 542 units across 55 storeys. This £260M Manchester tower is the largest BTR raise I've seen outside London.

Jordon Barnett

Underwriting

How I Underwrote a $40M Mining Roll-Up In North America

Jun 23, 2026

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1 min read

How I Underwrote a $40M Mining Roll-Up In North America

Targeting $135M/year EBITDA on a $40M North American mining roll-up, cash-flowing in months.

Jordon Barnett

Underwriting

Lightrock Launches $500M Clean Energy Fund Targeting Africa and Asia

Jun 22, 2026

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1 min read

Lightrock Launches $500M Clean Energy Fund Targeting Africa and Asia

Lightrock has closed a $500M fund targeting growth-stage clean energy companies in Africa and Asia, deploying $10M–$50M per investment into businesses spanning solar, EVs, and energy storage.

Jordon Barnett

Underwriting

How I Underwrote a $108M Data Centre in Louisiana

Jun 21, 2026

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1 min read

How I Underwrote a $108M Data Centre in Louisiana

Shovel-ready, fully permitted, 10MW live on grid. This $108M Louisiana data centre campus can be operational in under 90 days.

Jordon Barnett

Underwriting

How I Underwrote a £20M Residential Development in London

Jun 19, 2026

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1 min read

How I Underwrote a £20M Residential Development in London

Targeting 20% p.a. on a £20M London development, with investors paid before the first private sale completes

Jordon Barnett

Underwriting

How I Underwrote a $100M+ Copper Mine in Sweden

Jun 15, 2026

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1 min read

How I Underwrote a $100M+ Copper Mine in Sweden

Targeting strong risk-adjusted returns on a restarted mine with major bank financing, long-term offtake contracts, and a $4.4B independent valuation.

Jordon Barnett

Underwriting

How I Underwrote a $120M Office Tower in Australia

Jun 15, 2026

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1 min read

How I Underwrote a $120M Office Tower in Australia

Targeting 15–16% net IRR on a 99.2% occupied A-grade office tower with strong downside protection

Jordon Barnett

Underwriting

How I Underwrote a $20M Cannabis Facility in South Africa

How I Underwrote a $71M Residential Build in Australia

How I Underwrote a $15M Hydrogen Plant in Malaysia

How I Underwrote a $127M Luxury Resort in Mexico

How I Underwrote the £268M Raise for the London Tunnels Tourist Attraction

How I Underwrote a 200MW Data Centre in Utah, USA

How I Underwrote a €2.5B Theme Park in Europe

How I Underwrote a $65M Data Centre in Abu Dhabi

How I Underwrote a £260M Residential Tower in Manchester, UK

How I Underwrote a $40M Mining Roll-Up In North America

Lightrock Launches $500M Clean Energy Fund Targeting Africa and Asia

How I Underwrote a $108M Data Centre in Louisiana

How I Underwrote a £20M Residential Development in London

How I Underwrote a $100M+ Copper Mine in Sweden

How I Underwrote a $120M Office Tower in Australia

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