A CREmodel Alternative That Ends With a Decision
These are the two closest products in CRE underwriting. Both read an offering memorandum and rebuild the rent roll with AI. The difference is what you are holding when the run finishes — a screen, or a verdict you can interrogate.
The short version
CREmodel is a real competitor and this page is not going to pretend otherwise. It reads a PDF, a photo, a CSV or plain text; it rebuilds the rent roll tenant by tenant, connects lease dates and escalations, lands the expenses on their lines, and ties each figure to the page it came from. It produces levered IRR, equity multiple, DSCR, debt yield, a ten-year cash flow, sensitivity grids and a report on your own letterhead. That is most of the job, and most tools in this category do less.
Two things are different, and both are on their own site rather than being our characterisation of them.
Their output is a screen, not a verdict. CREmodel describes what it returns as “screening tools, not an appraisal, an audit or a substitute for diligence.” DealWise ends the same run with a buy, hold or pass and the clause or line item behind it.
Their read is metered and their copy of the document is temporary. Five reads a day, twenty a month, more sold in packs; and the book itself is “never stored.” DealWise does not meter reads at all, and keeps the documents, because a citation is only worth what the cited page is worth three months later.
DealWise AI vs. CREmodel
Five rows where they match. Four where they don't.
| Capability | DealWise AI | CREmodel |
|---|---|---|
| Reads an OM, leases and a T-12 | Yes | Yes |
| Rebuilds the rent roll tenant by tenant | Yes | Yes |
| Levered IRR, equity multiple, DSCR | Yes | Yes |
| Ten-year cash flow & sensitivity | Yes | Yes |
| Report & Excel on your letterhead | Yes | Yes |
| Buy / hold / pass verdict | Yes | No |
| Documents kept after the read | Yes | No |
| Document reads per month | Unmetered | 20, then paid packs |
| Free plan | Yes | Yes |
Where DealWise AI pulls ahead
Four differences, each traceable to something on their own site.
It reaches a verdict
This is the difference, and CREmodel is straightforward about it: their own site calls the output “screening tools, not an appraisal, an audit or a substitute for diligence,” and says no advisory relationship is created by using it. You get returns, cash flows and sensitivity grids. DealWise gives you those and then says buy, hold or pass, with the clause or line item it reasoned from. Screening narrows a pipeline. A verdict is what you take to a partner.
The documents stay
CREmodel processes your book and discards it — “never stored”, keeping only a one-way fingerprint. Both tools tie a figure to the page it came from. Only one of them still has the page. Three months into diligence, when someone asks where a reimbursement clause came from, a citation to a document nobody kept is a harder conversation than opening it.
No meter on the reading
CREmodel includes five document reads a day and twenty a month, and sells more in packs. DealWise has no read quota, no credit balance and no per-run charge — there is no metering concept in the billing code at all. If you are screening thirty deals in a week, that is the difference between working and budgeting.
Lease abstracts come back out
Because DealWise read the leases to build the model, it returns them abstracted — every suite as a spreadsheet, or as a PDF. That is a deliverable a broker or an asset manager can hand to someone else, and it falls out of the same pass that built the rent roll.
Where CREmodel wins
Three of them, and the first is a design choice we made differently on purpose.
“Never stored” is a real feature
For some buyers, a tool that reads a confidential book and keeps nothing is exactly the right design — a seller's counsel may prefer it, and it is a shorter security review. DealWise keeps documents on purpose, because that is what makes a citation checkable later, but the tradeoff is genuine and it is theirs to claim.
Post-close variance tracking
CREmodel tracks actual performance against what you underwrote after the deal closes. DealWise does not do that today. If closing the loop on your own assumptions is part of how you work, that is a real reason to pick them.
It is the cheaper entry point
CREmodel is priced below DealWise at the entry level. We do not quote competitor prices on this site — they move, and a stale number helps nobody — so read theirs directly. But the direction is not in dispute, and if price is the binding constraint that is a straightforward reason to pick them.
Which one should you use?
Use CREmodel if price is the binding constraint, if a tool that keeps none of your documents is what your counterparty or your counsel would prefer, or if tracking actuals against your underwriting after close is part of the job.
Use DealWise if the run needs to end in a recommendation rather than a screen, if you are putting enough deals through that a monthly read quota would start to shape your behaviour, or if the documents need to still be there when someone asks where a number came from.
Both have a free way in. The only test that settles it is the same deal through both, and the free plan here takes no card and runs on no clock.
CREmodel alternative FAQ
Is DealWise AI a good CREmodel alternative?
They are the closest two products in this category, so the honest answer is that it depends on what you need the output to be. Both read an offering memorandum, a rent roll and a T-12 with AI, rebuild the rent roll tenant by tenant, and produce IRR, equity multiple, DSCR, a ten-year cash flow and sensitivity grids on your own letterhead. Where they part company is the end of the run: CREmodel describes its output as screening tools and explicitly not a substitute for diligence, while DealWise finishes with a buy, hold or pass and the clause behind it. If you want the numbers, either will do. If you want an opinion you can interrogate, that is the one DealWise was built to produce.
What happens to my documents?
CREmodel processes them and does not keep them — their site says “never stored”, retaining only a one-way fingerprint so a repeat read of the same book is free. DealWise keeps them, deliberately. Both tools tie figures back to the page they came from, but a citation is only useful while the cited document still exists, and diligence questions arrive weeks after the underwriting does. Which behaviour is better genuinely depends on your situation — if a short security review matters more than re-checkability, theirs is the better answer.
Are there limits on how many documents I can run?
CREmodel includes five reads a day and twenty a month, and sells additional capacity in packs. DealWise has no read limit, no credits and no per-run charge — there is no metering concept anywhere in the billing code. For anyone screening a pipeline rather than working one deal at a time, that is the difference that shows up first.
Does CREmodel give an investment recommendation?
No, and they say so themselves rather than leaving it to be inferred: their site describes the output as “screening tools, not an appraisal, an audit or a substitute for diligence” and states that no fiduciary or advisory relationship is created by using it. That is a reasonable position for a tool to take. It is also the specific thing DealWise does differently — the run ends in a buy, hold or pass, with the lease clause or line item it came from attached, so the reasoning can be checked rather than trusted.
Which is cheaper?
CREmodel is the cheaper entry point. We do not quote competitor prices anywhere on this site — they change, and a stale number helps nobody — so read theirs on their own pricing page and take it from there. What we will say about our own is that it is published rather than quoted, and the free plan needs no card and carries no time limit, so the comparison that actually decides this is the same deal run through both.
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Drop in the offering memorandum and the leases. DealWise reads them, builds the rent roll, models the hold, and ends with buy, hold or pass — and keeps the pages it got there from.