What's New

The Current Unit Mix grid on the Unit Mix screen now includes the ability to track the Median Income % for each different unit mix. You can enter a percentage directly into the grid field or, if the value is available in your underwriting model, it can be updated through SmartDox.

This field has always been available on the Edit Unit Mix - Forecast screen, and now it is added to the Forecast Unit Mix grid on the Unit Mix screen. Like the "current" value, the "forecast" value can be entered manually or updated through SmartDox.

The Current Unit Mix Median Income % field has been added to the Unit Mix data view, the Current Unit Mix node of the SmartDox Financial Forecast schema, and workflow.

You can now add a flat fee amount for load components instead of having to assign a percentage. The flat amounts can be deal level or fund level. The deal level amount allows users to allocate a specific amount to each owned lower tier deal as part of the upper tier equity. The fund level amount allows a flat amount to be added directly to the upper tier equity regardless of the owned lower tier deals.

The Fund Load Components grid now displays a Component Type column, which indicates whether the load is a percentage, deal amount, or fund amount. The Finalized Lower Tier Deals - Fund Load grid now displays a Flat Amount column, which indicates the amount allocated to each lower tier deal when the Component Type is Deal Amount. You set these values on the Edit Fund Load Component screen. If the Component Type is Percentage, the Flat Amount field is disabled, and if the Component Type is Deal Amount or Fund Amount, the Component Percentage field is disabled.

The Edit Fund Load Details screen on the lower tier deal has also been updated to include the Component Type and Flat Amount. Deal amounts, although initially set as the same amount for each deal at the fund level can be customized for a component at the deal level. You can navigate to a lower tier deal through the Finalized Lower Tier Deal - Fund Load grid. You can then modify the Flat Amount for a specific component.

ProLink has reconfigured the Investor Reports functionality to better identify the reports that are required and when they need to be delivered to investors.

The Investor Reports screen (previously named List Investor Reports) now includes two tabs: Delivery Status and Report Requirements. The Delivery Status tab provides a schedule of when reports are due to each investor. Filtering is available so you can locate specific records easily. This tab includes a New Year button, which allows systematic creation of investor report records for the specified year, and a New Delivery Status button, which allows you to create a Delivery Status record without running the New Year systematic process or adding a new Report Requirement. In order for the New Year Process to create records, the fund must have an Actual Close Date on the Fund Details screen.

After reports are sent to an investor, you can populate the Date Sent.

Clicking into a row on the Delivery Status tab allows you to view and edit the details of the specific report delivery status.

The Report Requirements tab includes the Investor Reports List grid. The grid includes new columns: Fund Report, Investor(s), Days Due After Period, and Side Letter. As with other ProLinkAIM grids, you can export the grid contents to Microsoft Excel.

To create a new report, click the New button located above the Investor Reports List grid, which opens a modified New Investor Report popup.

The Edit Investor Report screen for an individual report includes new fields:

When you run the new year systematic process on the Delivery Status tab, the system determines the report due date based on the Periodicity and Number of Days Due After Period.

The screen includes a new grid to display all investors associated with the report. If the report is a Fund Report, this grid is hidden and all investors are associated with the report.

The screen also includes a new section to add side letters to an investor report.

Edit Investor Report (with Side Letter section); Edit Side Letter

You will not be able to delete a Report Requirement if one or more associated Delivery Status records exists. If needed, you can inactivate the Report Requirement.

We have also updated the Fund Investor Reports data view to include new fields as well as created a new Delivery Status data view to provide reporting on Investor Report delivery statuses across the system.

The Main panel includes a new option called Fund Manager, which opens a screen with the following sections:

The Construction Completion Status section of the Property Overview Monthly Report has been updated so that it shows the picture from the Construction Draw screen instead of the grid data. The report shows the picture from the draw of the corresponding month of the report (Received Date). If multiple draws exist for the month, the report uses the picture from the earliest draw.

ProLink introduces a new report for deals that are in stabilization, the Stabilizing Watchlist Report. This report provides the details regarding the finances and occupancy of the deals. The report also includes any issues that are occurring and actions that need to be taken to remove it from the watchlist.

In a related change, the existing Watchlist Report has been renamed to Under Construction Watchlist Report.

ProLink introduces a new Microsoft Excel report—the AHIC Property Report—which is a standard AHIC report that can be included in the Investor Reporting package.