AD Commercial Group helps qualified investors acquire cash flow positive multifamily properties across the fundamentally sound markets of Kansas, Oklahoma, and Texas.
Most sellers price their properties on hope, not performance. Asking prices are often disconnected from what the current income can actually support. That gap is where disciplined underwriting creates real opportunity for the right investor.
We eliminate speculation by applying a finance first, lender grade underwriting approach to every opportunity we review. Each property is evaluated on its current ability to generate income, service debt, and support long term performance using real numbers, not projections, not assumptions, and not wishful thinking.
Out of 272 opportunities reviewed, 221 have been rejected. The ones that survive have been pressure tested from every angle. If you close with us, you are cash flow positive from Day 1, not because of what the property might earn, but because of what it actually earns today.
Our analysis serves as a preliminary feasibility guide for investors considering an acquisition. While carefully reviewed and lender grade in quality, it is not a substitute for formal due diligence. Investors are expected to independently verify all income, expenses, and property details prior to closing.
This is where lender grade analysis meets entrepreneurial execution, giving investors a clear, informed starting point for making disciplined acquisition decisions.
The People Behind the Process
Real estate has been Carlos Ivie's passion for as long as he can remember. Early in his journey he recognized that to truly master real estate, he had to first master the language of finance. That conviction led him to the mortgage industry in 1999, where he spent years learning how lenders think, how deals are structured, and how capital actually moves through a transaction. That foundation has shaped every investment decision he has made ever since.
With more than 25 years of combined experience in mortgage banking and commercial real estate, Carlos brings a lender's discipline to every opportunity he evaluates. He founded AD Commercial Group on a simple but powerful observation: most sellers price their properties on hope, not performance. Asking prices are often disconnected from what the current income can actually support. That gap is where disciplined underwriting creates real opportunity for the right investor. As a licensed California Real Estate Broker (DRE #01435940), Carlos leads every stage of the acquisition process, from deal sourcing and financial underwriting to seller negotiation and transaction management, with one goal in mind: putting investors in a cash flow positive position from Day 1.
AD Commercial Group focuses exclusively on multifamily properties across Kansas, Oklahoma, and Texas, markets selected for their strong affordability, favorable rent to price ratios, and landlord friendly legislation. Carlos works with a select group of qualified investors who are aligned with a disciplined, finance first acquisition process. If that describes you, he would love to connect.
What We Do / Our Expertise
Our process is built for clarity, discipline, and repeatable results. We help investors convert opportunities into durable assets through a structured, data-driven workflow:
Property Identification & Sourcing
We source off-market and investment-grade multifamily opportunities that meet strict financial criteria across Kansas, Oklahoma, and Texas.
Financial Underwriting
Underwriting is the foundation of every decision we make.
We perform a detailed analysis of rent rolls, operating statements, and expense structures to validate real income and real costs. Every number is verified. Every assumption is challenged. Nothing is taken at face value.
Our underwriting methodology translates that analysis into a Bid price rooted in verified performance. That number is typically well below what the seller is asking, and it is structured to put the investor in a cash flow positive position from Day 1 of ownership.
Our analysis is anchored in three lender grade metrics:
Debt Service Coverage Ratio (DSCR): confirming the property generates sufficient income to service its debt obligations responsibly.
Debt Yield: measuring the property's income relative to the loan amount, independent of interest rate or amortization assumptions.
Loan Constant: ensuring the fixed cost of debt is supportable by current, verified income across a range of market conditions.
These metrics are not supplementary. They are the standard by which every opportunity is evaluated, ensuring each deal can withstand scrutiny from both a buyer's and a lender's perspective before it ever reaches our investors.
Negotiation & Acquisition
With verified data as leverage, we negotiate directly with ownership to secure disciplined pricing and favorable terms. We manage the transaction from letter of intent through closing, providing a clear, controlled path to acquisition.
Comprehensive Support for Multifamily Investments
Investment Philosophy
Our investment philosophy is guided by (3) core principles:
1. Fundamentals First
Sustainable returns are built on verifiable performance—not projections. We focus on current income, validated expenses, and operational efficiency, ignoring market hype in favor of what the asset demonstrably produces today.
2. Proactive Risk Management
Our objective is not just to identify opportunity, but to preserve capital. By prioritizing strong debt service coverage, conservative assumptions, and stable operating histories, we help investors build resilient portfolios designed to perform across market cycles.
3. Full Transparency
We provide investors with a clear, unfiltered view of each opportunity. Our process is designed to deliver realistic expectations, defensible assumptions, and the data required to make confident, informed investment decisions.
Our Investment Criteria
Out of 272 opportunities reviewed, 221 have been rejected. Most deals do not survive our first screen. The ones that do have already been pressure tested from every angle.
Join Our Team
We are hiring remote Multi-Family Acquisition/Disposition Specialists! If you have verifiable experience with off-market multifamily deals and a proven track record, we’d love to hear from you.
How to Apply
Contact us below.
Take your real estate career to the next level with AD Commercial Group!
We work with a select group of investors who are qualified, prepared, and aligned with a disciplined process.
If that describes you, we should talk.
Contact Us
Please fill out the contact form below, as we respond to all inquiries.