What's new

Deal audit

Finds the errors in your own numbers before a lender does.

Runs a finished deal against the mistakes that actually recur: suites named after the property rather than the unit, rent that does not reconcile to its own schedule, dates that cannot be right, and expenses sitting on the wrong side of the NOI line. These are cheap to fix while the model is still yours and expensive once somebody else has found them.

In the product: Deal audit

Lease comps, and a check on the asking price

In-place rents against what comparable space achieved.

Comparable leases, adjusted for the differences that matter, checked against the rents already in your roll — so a suite priced above or below its market shows up as a number instead of an instinct. Shipped alongside a separate check that reads what an asking price implies about the buyer's assumptions, which is the question worth asking before a week goes into diligence.

In the product: Lease comps, Stated vs derived check

The new DealWise

Rebuilt from the ground up. Same deals, much faster.

DealWise moved off the platform it was first built on and onto its own. Pages are rendered on the server instead of assembled in your browser, which is the difference between waiting for a deal to appear and having it there. The rent roll stayed the system of record and every deal came with it — nothing to re-enter, nothing to re-import. Underneath, the modelling that had been fitted into someone else's storage got to be what it always should have been: a rent schedule is a list of periods again, rather than ten numbered columns pretending to be one.

Upload and auto-build

Drop in the offering memorandum and the deal builds itself.

Start a deal from a document instead of a blank form. Drop in the offering memorandum, the leases and the operating statement; DealWise reads them, proposes the property facts, the suites and the rent schedule, and fills them in for you to review. This is the one that mattered most, because getting terms out of PDFs is where underwriting time actually goes — everything else in the product is downstream of it.

In the product: Upload & auto-build, Rent roll builder

Leases too long to read in one pass

A sixty-page lease and four amendments, read end to end.

Long documents stopped being a limit. A lease and its amendment stack are split into passages, and the extraction runs across all of them rather than whatever fitted into a single request — so a rent step buried on page fifty-one of an amendment is found the same way one on page two is. Every extracted term still shows the clause it came from.

In the product: Lease abstraction

Comparing lease proposals

Proposals ranked on what they actually cost, not face rent.

Face rent is not comparable across lease structures. Free rent, improvement allowances and who carries the operating expenses all move the real number, so proposals are normalised to net effective rent and total occupancy cost before anything is ranked. The free version of this is on the site and needs no account.

In the product: Lease comps

Upload your documents

Leases and statements stored against the deal they belong to.

Offering memoranda, leases, amendments and operating statements attach to the deal rather than living in an email thread. This is the groundwork the reading and extraction were later built on — first the documents had to be somewhere the deal could see them.

DealWise AI opens to the public

The first deal underwritten by somebody outside the company.

After a build that started in January, DealWise opened to its first outside users — brokers and buyers underwriting real deals. It launched with the pieces the product is still organised around: a rent roll as the system of record, NOI derived from it rather than typed beside it, month-by-month cash flow, debt with the tests a lender actually applies, and an exit. Cap rate, DSCR and cash-on-cash came from the same rent roll that produced everything else, which is the reason the numbers reconcile.

In the product: Rent roll builder, Cash flow modeling, Debt modeling, Exit & sale modeling

The guides and the free calculators

Fifteen CRE guides and a set of calculators, open to anyone.

A reference library went up alongside the product: cap rate, NOI, DSCR, rent rolls, loan terms, cash-on-cash and the rest, each written to answer one question properly. The calculators run the same engine the product does, so a figure from a free tool and a figure from a deal are computed the same way. No account, then or now.