Free during beta

Stop Underwriting in Spreadsheets

The underwriting platform built for CRE pros. Full cash flow projections, JV waterfall modeling, and institutional-grade returns analysis — without the Excel headaches.

Free during beta · No credit card required · Built by a CRE developer

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App Screenshot

The Problem with Excel

We've been there too. Here's why we built something better.

Broken formulas & circular refs

One mislinked cell cascades errors across your entire model. You spend more time debugging than analyzing.

Copy-paste template hell

Every new deal starts with "Save As" on last quarter's model. No templates, no consistency, no reusability.

v12_FINAL_FINAL.xlsx

Your inbox is full of competing spreadsheets. Nobody knows which version is current. Real-time collaboration doesn't exist.

Hours building, not analyzing

You're a deal person, not a spreadsheet engineer. Yet you spend 80% of your time formatting cells instead of evaluating investments.

Everything You Need to Underwrite

Built for multifamily developers, operators, and capital partners who demand precision.

Full Cash Flow Engine

Monthly projections that actually work.

  • Monthly projections with lease-up absorption
  • Custom year-by-year rent escalations — not just flat rates
  • Vacancy, concessions, and loss-to-lease modeling
  • Change one assumption, see the impact everywhere instantly
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Cash Flow Projections

Development Budget & Sources/Uses

From land to stabilization, fully tracked.

  • Detailed construction cost budgeting with templates
  • Draw schedule tied to construction timeline
  • Sources & uses with multiple capital tranches
  • Reusable budget templates for future deals
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Development Budget

JV Waterfall Structures

No more black-box Excel waterfalls.

  • Multi-tier promote with IRR hurdles
  • LP/GP splits with catch-up and lookback provisions
  • See exactly what each partner earns at every exit scenario
  • Transparent calculations you can trace step by step
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JV Waterfall

Institutional Metrics Dashboard

Everything an IC memo needs, in one place.

  • IRR, equity multiple, yield on cost, cash-on-cash, DSCR
  • KPI strip updates instantly as you model
  • Sensitivity analysis across key variables
  • Export-ready for investment committee packages
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Metrics Dashboard

Multi-Asset Support

One platform for your entire portfolio.

  • Multifamily, BTR, self storage, office, retail, industrial
  • Hospitality, mixed-use, and land entitlement
  • Tailored inputs and logic for each asset type
  • Consistent analysis framework across your portfolio
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Asset Types

Collaboration & Sharing

Kill the email chain.

  • Share deals with partners, lenders, and brokers
  • Permission levels: view, comment, edit
  • Export to PDF for IC packages
  • Everyone works from one source of truth
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Sharing & Collaboration

Why Not Excel?

Side-by-side, it's not even close.

Capability
Excel
CRE Build
Real-time metric updates
Waterfall modeling
Team collaboration
Reusable templates
Multi-asset support
Version control
Mobile access

What's Coming Next

We're just getting started. Here's what's on the roadmap.

Coming Soon

AI-Assisted Underwriting

Type or speak your deal parameters and our agent builds the proforma for you

Coming Soon

Pipeline Tracking

Track your deal pipeline with reporting — similar to DealPath, built right in

Coming Soon

Asset Management

Track deal performance vs. underwriting and reforecast returns on the fly

Coming Soon

Pitch Deck Builder

Auto-generate investor presentations from your deal model

Coming Soon

API Access

Connect to your own systems and workflows

Coming Soon

Team Workspaces

Shared deal rooms with role-based permissions for your org

Simple, Transparent Pricing

Start free. Upgrade when you're ready.

Standard

Free
$0/forever
  • Unlimited deals
  • All 9 asset types
  • Full cash flow engine
  • JV waterfall modeling
  • Development budget & sources/uses
  • Sensitivity analysis
  • PDF export
Get Started Free

Pro

Coming Soon
$49/user/mo
  • Everything in Standard
  • Pipeline tracking & reporting
  • Asset management & reforecasting
  • Pitch deck builder
  • API access
  • Priority support

AI Agent

Add-on
+$99/mo
  • AI-assisted underwriting
  • Type or speak your deal parameters, agent builds the proforma
  • AI deal analysis & risk assessment
  • Comp research & market analysis
  • Permit database research
  • Intelligent assumptions from deal parameters
  • Works with Standard or Pro

Enterprise

Coming Soon
Custom
  • Everything in Pro + AI Agent
  • Team collaboration & shared workspaces
  • Multiple users per organization
  • Role-based permissions
  • Custom branding
  • Dedicated onboarding & SSO

Ready to ditch the spreadsheet?

Start underwriting smarter today. Free during beta.

Get Started Free

No credit card required