Product · Underwriting

Pay the right price.

Run any deal through your own model in minutes, move it through pipeline stages, and close it out on the record you'll run the asset from.

Your model

Priced against your targets, at any horizon.

Your assumptions, visible and editable. Returns against the target you set, sensitivity on what moves IRR, read at Y1, Y5, or exit. Model a refinance and the returns move with it.

  • Your inputs
  • Returns vs target
  • Refinance
  • Sensitivity
Deal record
UnderwritingOperationsDocuments
Returns vs target
Cap rate
IRR
DSCR
Cash-on-cash
DealTarget
Cash flow, hold periodActualForecast
Sensitivity, IRR
Exit cap
Rent growth
Financing
Vacancy
DownsideUpside

Lock and version

Lock the version you approved.

Accept the assumptions you priced the deal on, then revise deliberately. Every version is saved with who changed it and when, and you can restore any one.

  • Accept and lock
  • Versions
  • Restore

Tax character

Every layer's share of the tax.

Each equity tranche owns its proportional share of the deal's paper losses and exit gain; debt earns interest. Flip through the stack to see what flows where.

  • Capital stack
  • Tax allocations
  • Paper losses (K-1)
  • Depreciation recapture
Tax character
Share by stack layer
Share of exit gain80%
Depreciation recaptureLong-term gain

§469 passive losses suspend, release at exit

How it fits

The approval numbers become the operating numbers.

The numbers that got a deal approved don't get archived at close. They carry forward into the operating record, so the asset you run is checked against the same assumptions that justified buying it.

Start with your next deal

Underwrite it once. Own the record for good.

Free to start.