An AI copilot for commercial real estate analysts who already know the modeling fundamentals and want them executed faster. Paste a deal. Get a BOE pro forma with every formula visible.
There are two ways to underwrite a deal in 2026. Both are broken.
Three steps. No course required.
Drop in a listing URL, an Argus DCF file, or a one-line deal summary. The AI extracts purchase price, NOI, cap rate, unit mix, and hold period. Takes 4 seconds.
Underwrite generates a 10-year pro forma with operating expenses, debt amortization, equity waterfall with promote, and sensitivity tables. Every formula visible, every assumption editable, built on standard institutional CRE methodology.
Click any cell, get an AI explanation of the formula in plain English. No black box. No trust-me math. Export to Excel, send to your IC, sleep on Saturday.
There is a healthy category of CRE financial modeling tools already in market. Most of them were great in 2016. Here is what we do differently.
| Legacy template products | Underwrite | |
|---|---|---|
| Format | Course plus static templates | AI copilot plus live templates |
| Time to first BOE | 6 to 12 weeks of training | 60 seconds |
| Pricing | $3,000 per year | Free tier, $49 per month Solo |
| AI integration | None today | AI-native from day one |
| Sensitivity engine | Manual (build your own data tables) | Auto-generated |
| Audit trail | Excel formulas (you read them) | Excel formulas plus per-cell AI explanation |
| IC memo export | Build it yourself | One click (shipping Week 2) |
| Argus import | Not supported | Drag and drop (shipping Week 3) |
Free forever for students and hobbyists. Paid only when you start using it on real deals.
I am Ali Azim. I am finishing my real estate finance degree in 2027. I have spent the last four months living inside Excel models for school and for client work, and I noticed the same thing every working analyst has noticed: the actual math has not changed in 30 years, but we still type it from scratch every time.
CRE underwriting is one of the last serious professions where the workflow assumes a fresh blank workbook every Monday. That is not rigor. That is just typing.
So I built Underwrite. Same math. Same audit trail. AI does the typing.
If you have ever lost a weekend to a deal that did not close, you know exactly why this exists. If you have not, ask the analysts on your team. They will tell you.
First 100 signups get the full template bundle (Mixed-use Pro Forma, 4-Tier Equity Waterfall with Promote, Dynamic Holding Period, Highest-and-Best-Use, Fixed/ARM/Balloon Amortization) free, forever.