CRE Underwriting · Reimagined

Tell it what you know.
It tells you if
the deal works.

The first mobile-first underwriting tool built for the field. From LOI to IC in minutes — not days. Goal seek any variable. Lock your market knowledge. Share with your team.

You're on the list. We'll be in touch.
Early access opening soon · Founding rate: $199/yr for first 50 users
1901 N 45th · Wallingford · 36 units
Units
36
Avg SF
505 SF
Avg Rent / Unit
$1,986 · $3.93/SF
Hard Costs / Unit
$226k 🔓
Land Cost
$3.02M
Exit Cap Rate
4.75% 🔒
IRR
17.0%
Levered
Yield on Cost
5.72%
Stabilized
Eq. Multiple
3.07×
10-yr hold
Goal seek
Target IRR 18% → solve for avg rent
→ $2,047/unit
90sec
Quick Mode — LOI-ready underwrite
∞
Goal seek targets — any variable
T2
AI autofills cap rates, rents, costs
🔒
Your market knowledge, locked
The problem

CRE underwriting tools were built for
the office, not the field.

01
Your Excel lives on a laptop
The deal happens at a seller meeting, a broker call, a site visit. By the time you're back at your desk, the conversation has moved on. Every good developer has a spreadsheet. Nobody has it with them.
02
Enterprise tools are too heavy
Argus, CBRE's internal models, institutional Excel templates — all require an analyst, a VPN, and an hour. They're built for quarterly reporting, not for making a go/no-go call between meetings.
03
You can't solve backwards
Every developer thinks in questions: "What rent do I need to hit 6% yield?" "What can I pay for land and still clear a 15% IRR?" Every tool makes you guess forward. None of them solve backwards.
How it works

One tool. Two modes.
Same deal.

⚡ Quick Mode
90 seconds to a number
For brokers, acquisitions, and LOI-stage screening. Everything fits on one screen.
6
6 inputs: units, avg SF, avg rent, hard costs, land cost — done
✓
AI autofills cap rate, vacancy, tax rate, and construction rate from your location
✓
Goal seek on avg rent or hard costs — answer the question, not the formula
✓
One-click upgrade to Detailed Mode — all inputs carry over, no re-entry
🔬 Detailed Mode
Defensible. Investment Committee-ready.
For developers, asset managers, and equity presentations. Upgrade from Quick — no re-entry.
✓
Full unit mix by type — Quick averages seed every row automatically
✓
Complete cost breakdown: A&E, fees, developer fee, contingency, carry
✓
Lock any AI-filled field — your market knowledge overrides the algorithm
✓
IC-ready PDF with cited sources — clean, watermark-free (Pro tier)
One click upgrades Quick → Detailed · All inputs carry over · No data lost
Pricing

Built for how
deals actually get done.

Individual
$49
per month
$299/yr — save 49%
For brokers and solo developers. Quick Mode, goal seek, AI autofill.
✓ Quick Mode + Detailed Mode
✓ Goal seek — all targets
✓ AI autofill with source citations
✓ Personal locked assumption library
✓ Up to 10 active deals
— PDF export
— Team shared library
— Multi-user
Founding Rate
Pro
$149
per month
$899/yr — save 50%
For development shops and small teams. PDF export, shared assumption library, deal comparison, custom PDF branding.
✓ Everything in Individual
✓ PDF export — IC-ready, clean, no watermark
✓ Up to 10 users
✓ Team shared assumption library
✓ Deal comparison (side by side)
✓ Version history
✓ Custom PDF branding
✓ Unlimited active deals
Enterprise
Custom
annual contract
From $499/mo · volume pricing
For national brokerages, PE firms, and lenders. Org-level assumption control, SSO, API access, IC audit trail.
✓ Everything in Pro
✓ Unlimited users
✓ Org-level house view — admin locks cap rates for the office
✓ Role-based access (analyst / senior / admin)
✓ IC audit trail — every assumption sourced, dated, attributed
✓ SSO / SAML + API access
✓ Dedicated onboarding + CSM
Built by someone who needed it
"I spent 20 years developing multifamily in Seattle.
The deals that got away didn't fail in the model —
they failed in the parking lot.
I built this so the model is always in your pocket."
Kate Suski · 4× NAIOP Award Winner · 3,000+ units developed

Ready to underwrite
in the field?

Join the waitlist. First 50 users get the founding rate — $199/yr, locked in permanently. Early access opens soon.

You're on the list. Founding rate held for you.
No credit card. No commitment. Founding rate: $199/yr for first 50 users.