AI-Powered CRE Underwriting

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Upload an offering memorandum. Signal CRE reads it, builds the model, and returns a full DCF with IRR, waterfall, DSCR, and sensitivity analysis — instantly.

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Levered IRR17.9% Equity Multiple2.37x LP IRR17.8% Dev Spread190 bps Exit Value$75.4M DSCR1.29x Going-in Cap6.3% CoC Return19.4% NOI Yr 3$3.59M Levered IRR17.9% Equity Multiple2.37x LP IRR17.8% Dev Spread190 bps Exit Value$75.4M DSCR1.29x Going-in Cap6.3% CoC Return19.4% NOI Yr 3$3.59M

Maple Grove Apartments — Sample Deal

123 Main Street, Austin, TX · DEVELOPMENT · 188 Units · Signal CRE · signalcre.io · Underwriting Memo · Sample Output

✅ BUY — ALL CRITERIA MET Score: 5/5
RETURN SUMMARY
17.9%Levered IRR
2.37xEquity Multiple
17.8%LP IRR
6.9%Yield-on-Cost
ANNUAL NOI PROJECTION
NOI
$1.11M
$2.69M
$3.59M
$3.68M
$3.77M
IRR > 12% ✓ EM > 1.75x ✓ LP IRR > 10% ✓ DSCR ≥ 1.20x ✓ Dev Spread ≥ 150bps ✓

From PDF to full model
in three steps.

No spreadsheets. No manual data entry. Just upload the OM and get a complete underwriting analysis.

01 — UPLOAD

Send the OM

Upload any multifamily, retail, or storage offering memorandum PDF. Signal CRE handles the rest.

02 — ANALYZE

AI reads the deal

Claude AI extracts capital stack, unit mix, income, waterfall structure, and return assumptions automatically.

03 — RECEIVE

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A branded PDF memo and Excel workbook with full DCF, waterfall, DSCR, sensitivity matrix, and market benchmarking against CoStar and Green Street data.


Everything in one report.

Built for analysts who need to move fast without sacrificing depth.

📊

Full DCF Model

10-year proforma with NOI by year, debt service, and levered cash flows from T12 or pro forma inputs.

💧

LP/GP Waterfall

Preferred return, hurdle-based promote structure with LP IRR, equity multiple, and GP promote calculated automatically.

📉

DSCR & Stress Tests

DSCR by year, rent haircut scenarios (-5% to -15%), and cost overrun analysis (+5% to +15% TPC).

🎯

IRR Sensitivity Matrix

Exit cap rate vs rent growth matrix showing IRR across 30 scenarios. See exactly where the deal breaks.

📋

PDF Memo + Excel

Branded PDF investor memo and 3-tab Excel workbook — summary, full proforma, sensitivity analysis, and market benchmarking against live CoStar and Green Street data.

📍

Market Intelligence

Every report benchmarks the deal against live CoStar and Green Street data — vacancy, rent growth, cap rates, and supply pipeline for the market.

60-Second Turnaround

What takes a junior analyst 4-8 hours happens in under a minute. Screen more deals, faster.


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Single Report
$199
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  • Full DCF + waterfall analysis
  • PDF memo + Excel workbook
  • Stress tests + sensitivity matrix
  • 48-hour delivery
  • 1 revision included
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  • Full DCF + waterfall analysis
  • PDF memo + Excel workbook
  • Stress tests + sensitivity matrix
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Built by an analyst,
for analysts.

Signal CRE was built by Andrew Schulze, an MSRE graduate from the University of Wisconsin — one of the top-ranked real estate programs in the country.

With a background in real estate finance and a focus on multifamily and commercial development, Andrew built Signal CRE to solve a problem he saw firsthand: deals move fast, and manual underwriting doesn't.

Every report is reviewed before delivery to ensure the numbers make sense for the deal type and market context.

Custom builds also available — automated deal intake, capital partner matching, and term sheet generation tailored to your workflow.

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60s Average analysis time
30+ IRR scenarios per report
MSRE University of Wisconsin
3 Multifamily · NNN · Value-Add

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Send us your OM and we'll have a full underwriting analysis back to you within 48 hours.

Or email directly: abschulze2@gmail.com