Document-driven CRE underwriting
Better accuracy.
Fraction of the time.
Reversion reads your leases, rent rolls, T-12s, escalation workbooks, and offering materials — then builds an institutional-quality cash flow model directly from the source documents. No manual entry. Full audit trail from input to output.
The underwriting workflow is broken
You already know the problems. Legacy desktop software requires weeks of training before an analyst can produce a single model. Every tenant, every rent step, every recovery structure typed in by hand from a stack of lease documents. One transposed number cascades through years of cash flow. And when the deal comes back six months later for a re-trade, nobody remembers which version of the model reflects the actual executed leases.
Excel gets you halfway there, but it breaks under real complexity. Forty tenants with different recovery structures, CPI escalations, percentage rent, and renewal chains across multiple floor groups — spreadsheets were not built for this. The formulas become fragile, the files become bloated, and the analyst who built it is the only person who can maintain it. The result: underwriting takes longer than it should, accuracy depends on whoever happened to build the model, and there is no systematic way to validate that what is in the model matches what is in the documents.
From documents to institutional-grade cash flow
Upload documents
Rent rolls, T-12s, leases, tax bills, and any other property documents.
Review extraction
AI extracts tenant data, expenses, and lease terms. You review and correct.
Enter assumptions
Market rents, growth rates, vacancy, recovery structures, cap rates.
Download report
8-tab Excel cash flow report with full monthly detail across the entire hold period. Ready to plug into your deal model.
Full Multi-Year Cash Flow
Monthly cash flow across the full hold period with tenant-level detail, rent steps, CPI escalations, and percentage rent.
Document intelligence
Upload PDFs and Excel files. AI extracts rent rolls, expenses, lease terms, and recovery structures.
Recovery modeling
Net, expense stop, base year, modified gross, CAM caps with tax carve-outs.
Scenario comparison
Run base case, downside, and upside side by side. Each scenario fully independent.
Market lease assumptions
Floor groups, renewal probabilities, TI/LC schedules, downtime, rent growth profiles.
Property tax modeling
Assessed value, mill rate, equalization, and abatement programs (ICAP, ICIP, TIF, PILOT, Texas 312, Cook County). Replaces flat-growth tax assumptions.
Audit-ready output
Every assumption visible. Every calculation traceable. Formula-driven Excel.
Institutional cash flow underwriting. Documents in, cash flows out.
The same institutional-quality cash flow format your team already works with. Formula-driven, auditable, ready to drop into your model.
| Tenant | Ste | SF | Start | Expiry | $/SF | Esc | Recovery | Status |
|---|---|---|---|---|---|---|---|---|
| National Distribution Co. | 100 | 142,500 | Jan 23 | Dec 32 | $4.25 | 3.0% | NNN | Occupied |
| Midwest Manufacturing | 200 | 86,400 | Mar 22 | Feb 31 | $3.85 | 3.0% | NNN | Occupied |
| Summit Logistics LLC | 300 | 54,000 | Jul 24 | Jun 29 | $5.10 | 3.0% | NNN | Occupied |
| Great Plains Supply | 400 | 38,200 | Jan 25 | Dec 29 | $4.75 | 2.5% | Exp Stop | Occupied |
| CoreTech Solutions | 500 | 24,100 | Sep 23 | Aug 28 | $6.20 | 3.0% | NNN | Occupied |
| Vacant | 600 | 12,800 | — | — | — | — | — | Vacant |
| Total (6 tenants) | 358,000 | Occ: 96.4% | $4.52 | WALT: 5.2 yrs |
Sample data — your report will contain your actual property data across all 8 tabs
Sample data — your report will contain your actual property data
Underwrite faster. Underwrite with confidence.
One credit, one property, unlimited scenario re-runs. No annual license. No seat fees. No training required.
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