Productized CRE Underwriting

Know the Whole Story —
Before You Buy It

Know the Whole Story —
Before You Buy It

The listing only tells the seller’s story. We surface everything else — public and municipal records, plus every source we can find online — and re-underwrite the deal from the ground up. You buy knowing the full picture, with a clear verdict: Proceed, Conditional, or Walk Away.

The listing only tells the seller’s story. We surface everything else — public and municipal records, plus every source we can find online — and re-underwrite the deal from the ground up. You buy knowing the full picture, with a clear verdict: Proceed, Conditional, or Walk Away.

48-hour turnaround · Full model & data sources included

NORTH NAPLES, FL — INDUSTRIAL FLEX · 4,170 SF

Marketed cap rate 6.75%4.75% real

$108K$76.6K

Seller NOI, re-underwritten

NEGATIVE

Leverage at ask

Verdict: WALK AWAY

NORTH NAPLES, FL — INDUSTRIAL FLEX · 4,170 SF

Marketed cap rate 6.75%4.75% real

$108K$76.6K

Seller NOI, re-underwritten

NEGATIVE

Leverage at ask

Verdict: WALK AWAY

MESA, AZ — GARDEN MULTIFAMILY · 12 UNITS

Marketed cap rate 8.50%7.90% real

$184K$171K

Seller NOI, re-underwritten

BORDERLINE

DSCR 1.21× at ask

Verdict: CONDITIONAL

GILBERT, AZ — NEIGHBORHOOD RETAIL · 9,800 SF

Marketed cap rate 7.10%7.35% real

$262K$271K

Seller NOI, re-underwritten

POSITIVE

Debt covers at ask

Verdict: PROCEED

Industrial
Multifamily
Retail
Office
Hospitality
Self-Storage

Manufactured Housing

Land Investment
Specialty

Work Process

Every

Deal,

Re-Underwritten

From

The

Ground

Up

Work Process

Every

Deal,

Re-Underwritten

From

The

Ground

Up

01

Send the Deal

Send us the listing, OM, rent roll, and T-12. We confirm scope and start the same day.

01

Send the Deal

Send us the listing, OM, rent roll, and T-12. We confirm scope and start the same day.

02

Rebuild the Model

We reconstruct the deal from the ground up — real expenses, true vacancy, and every debt scenario.

02

Rebuild the Model

We reconstruct the deal from the ground up — real expenses, true vacancy, and every debt scenario.

03

Pressure-Test

We run full sensitivity on rate, rent, and exit assumptions, checking every figure against public records.

03

Pressure-Test

We run full sensitivity on rate, rent, and exit assumptions, checking every figure against public records.

04

Get the Verdict

Within 48 hours you get a Proceed, Conditional, or Walk Away verdict with the complete model behind it.

04

Get the Verdict

Within 48 hours you get a Proceed, Conditional, or Walk Away verdict with the complete model behind it.

01

Send the Deal

Send us the listing, OM, rent roll, and T-12. We confirm scope and start the same day.

03

Pressure-Test

We run full sensitivity on rate, rent, and exit assumptions, checking every figure against public records.

02

Rebuild the Model

We reconstruct the deal from the ground up — real expenses, true vacancy, and every debt scenario.

04

Get the Verdict

Within 48 hours you get a Proceed, Conditional, or Walk Away verdict with the complete model behind it.

Key Insights

What

We

Check

Before

We

Say

Proceed

Key Insights

What

We

Check

Before

We

Say

Proceed

Real Operating Costs

We replace optimistic pro forma expenses with actual operating costs from records and comparable assets.

Real Operating Costs

We replace optimistic pro forma expenses with actual operating costs from records and comparable assets.

Every Debt Scenario

Fixed, floating, bridge, and assumption financing — modeled so you see how the deal performs under each.

Every Debt Scenario

Fixed, floating, bridge, and assumption financing — modeled so you see how the deal performs under each.

Full Sensitivity

We stress rent, vacancy, rate, and exit-cap assumptions to expose where the deal actually breaks.

Full Sensitivity

We identify key opportunities and help businesses scale with greater confidence.

Full Sensitivity

We identify growth opportunities and help businesses scale with in competitive.

A Clear Verdict

Every engagement ends with a clear Proceed, Conditional, or Walk Away call, backed by the full model.

A Clear Verdict

Every engagement ends with a clear Proceed, Conditional, or Walk Away call, backed by the full model.

Case Studies

How

we

re-underwrite

a



deal

Case Studies

How

we

re-underwrite

a



deal

Retail

Rent Roll

Proceed

Retail Strip, Verified

A multi-tenant retail strip where the rent roll didn’t match public lease records — re-priced to a Proceed.

Office

Vacancy

Walk Away

Medical Office, Modeled

A small suburban medical-office building where vacancy and TI assumptions were far too optimistic — a Walk Away.

12%

Vacancy understated.

Walk Away

Final verdict.

Multifamily

Debt

Conditional

Multifamily Value-Add, Stress-Tested

A 120-unit value-add where bridge-loan exit assumptions hid the risk — a Conditional.

Retail

Rent Roll

Proceed

Retail Strip, Verified

A multi-tenant retail strip where the rent roll didn’t match public lease records — re-priced to a Proceed.

Office

Vacancy

Walk Away

Medical Office, Modeled

A suburban office reposition where vacancy and TI assumptions were far too optimistic — a Walk Away.

12%

Vacancy understated.

Walk Away

Final verdict.

Multifamily

Debt

Conditional

Multifamily Value-Add, Stress-Tested

A 120-unit value-add where bridge-loan exit assumptions hid the risk — a Conditional.

Retail

Rent Roll

Proceed

Turning Complexity Into Competitive Advantage

A multi-tenant retail strip where the rent roll didn’t match public lease records — re-priced to a Proceed.

Office

Vacancy

Walk Away

Office Reposition, Modeled

A suburban office reposition where vacancy and TI assumptions were far too optimistic — a Walk Away.

12%

Vacancy understated.

Walk Away

Final verdict.

Multifamily

Debt

Conditional

Multifamily Value-Add, Stress-Tested

Stratify supported leadership through a period of transformation, aligning teams, managing risk, and driving execution.

FAQs

Common

Questions

Answered

Clearly,

Simply

FAQs

Common

Q&a

Answered

Clearly,

Simply

What do I need to provide?

If the deal is publicly listed and the materials are available online, you don’t need to provide anything upfront — just send us the listing link and we’ll begin from there. The more you’re able to share, however, the sharper the analysis: rent rolls, trailing financials, the offering memorandum, and leases all let us underwrite with greater precision.

How fast do I get results?

What property types do you underwrite?

What exactly do I get back?

Are you affiliated with the seller or broker?

How much does an underwrite cost?

Every underwrite is a flat $999 per deal — and the price never fluctuates. There are no tiers, no hourly billing, and no surcharges for deal size or complexity. One deal, one fixed fee, every time.

What do I need to provide?

If the deal is publicly listed and the materials are available online, you don’t need to provide anything upfront — just send us the listing link and we’ll begin from there. The more you’re able to share, however, the sharper the analysis: rent rolls, trailing financials, the offering memorandum, and leases all let us underwrite with greater precision.

How fast do I get results?

What property types do you underwrite?

What exactly do I get back?

Are you affiliated with the seller or broker?

How much does an underwrite cost?

Every underwrite is a flat $999 per deal — and the price never fluctuates. There are no tiers, no hourly billing, and no surcharges for deal size or complexity. One deal, one fixed fee, every time.