Six Peak Capital - Weekly L10

• The meeting reviewed project status, company rocks, scorecard adoption, financing updates, and operational blockers driven by the pending Francis closing.
• Discussion covered completed deliverables, items delayed by the closing, and a newly awarded Uplifters Foundation development.
• Project status: the Francis closing is the dominant blocker causing several items (Litech SOP, Jonah/LV AI workflow, Claude rollout and some SOPs) to be delayed or marked off-track.
• Ramsgate development and associated PM proposals are generally on track though permitting and a utility issue may require an equity infusion rather than debt under current underwriting.
• A sale for 626 Wilton is scheduled for August 24.
• Tom confirmed the Beverly Boulevard lead remains viable after site tours.
• Scorecard and rocks: the team agreed to adopt the new scorecard with weekly updates and L10 status reporting (on-track/off-track/needs discussion), with persistent issues escalated to IDS.
• Company-level rocks: finance engine institutionalization, Holdco operating system, and BD engine are mostly on track; “lights at closing” Litech checklist and several Claude/SOP tasks are delayed pending Francis.
• Owners committed to minimal rock reporting during L10 and to escalate off-track items to the issues list.
• Systems, AI, and SOPs: Claude implementations and LV finance workflows show progress (invoice-coding tool under refinement).
• Read AI and Claude were assigned to create an extraction/search prompt this week.
• Claude lunch-and-learn and broader rollout are deferred until Francis and two HVN deals close.
• SOP creation for Litech was postponed about a month due to ongoing revisions and deal timing.
• Jonah syncs and Sage 300 outreach for construction finance software evaluation are underway.
• Financing and deals: Uplifters Foundation award was confirmed for an approximately eight-unit for-sale project in Los Angeles with a $6M construction loan at 3% and 95% LTV; Genesis will cap land acquisition funding at $1M, implying additional equity for higher-cost lots.
• Team discussed target LA neighborhoods and using Genesis contingency as interim coverage for Ramsgate refinance decisions; Pitch will be engaged next week to clarify funding contributions.
• Pro formas include an equity sequencing tab estimating contingency sufficiency to delay equity injections near-term.
• Staffing and other operational notes: Grady’s 2026 on-site staffing plan is finalized though full-time superintendent hires continue.
• Fundraising for Uplifters remains long-track with interest from Bain.
• Scheduling: Q4 EOS rock-setting stays on September 1 with an off-site planning session targeted for October 19–20.
• Technical and procedural tasks were assigned to Read AI/Claude and owners for scorecard definitions and consulting agreements.

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