First-pass underwriting in under 2 minutes
Build a deal folder: drop the CIM, then add the rent roll, T-12, and condition report as they land. Memo reads every document, reconciles them against each other, and delivers an institutional-quality analysis scored against your mandate.
<2min
First-pass analysis
Down from 2-4 hours
10x
More deals screened
Same team, same rigor
$299
Per month
Less than 2 analyst hours
See what comes back
A representative packet from a multi-document deal folder. Memo opens straight to the IC memo with a verdict scored against your mandate.
Lund Pointe Apartments
Madison, WI
Investment thesis
Lund Pointe is a 184-unit, 1998-vintage value-add play in a Class B Madison submarket trading at a 5.4% in-place cap. Rebadged comps in the same submarket clear $1,650, against in-place rents of $1,310 - a $340/door lift on roughly 80% of the units after a $9,500/door interior package.
Bid math
$31.2M - $32.8M
5.6% - 5.8% going-in cap
Top red flags
- · Rent roll shows 12 vacant; CIM implies 4
- · T12 expense ratio 6 pts below market
Illustrative output. Your packet uses your mandate, every document in the deal folder, and cites the source pages it pulled from.
How Memo works
From deal folder to decision in three steps. No onboarding, no training. Upload your documents and get your analysis.
Build the deal folder
Start with the CIM, then add the rent roll, T-12, condition report, and insurance loss runs as they arrive. Any format, any broker, all in one project.
Memo reconciles every document
A two-model pipeline (Sonnet + Opus) extracts each document, then cross-checks them. When the rent roll contradicts the CIM, Memo flags it instead of trusting the marketing number.
Review the analysis
Institutional-quality output: going-in cap rate, NOI, per-unit economics, cross-document red flags, and a clear go/no-go recommendation.
Built for acquisitions teams
Memo sits between free Excel templates and enterprise tools that cost more than your analyst.
2-4 hours to under 2 minutes
First-pass underwriting that used to take half a day now takes under two minutes. Your team reviews only the deals worth pursuing.
Two-model AI pipeline
Sonnet extracts and structures. Opus cross-validates and analyzes. Two models checking each other for institutional-grade accuracy.
Reconciles the whole deal folder
CIM, rent roll, T-12, condition report, insurance loss runs. Memo reads them all and flags where they disagree, so the marketing number never goes unchecked.
Complete proforma output
Going-in cap rate, reversion, NOI breakdown, per-unit economics, rent comp analysis, and red flags. Everything your IC needs.
Self-serve, no contract
Sign up, upload, analyze. No sales call, no onboarding deck, no 12-month commitment. Cancel if it doesn't save you time.
Screen 10x more deals
See more of the market without hiring. The deals that pencil get your analyst's full attention. The rest get a 60-second no.
The gap in the market
DealCheck is too simple for serious multifamily. RedIQ and Primer are enterprise-priced and require onboarding. Excel works but costs you 2-4 hours per deal. Memo fills the gap.
Excel / A.CRE
Free
2-4 hours per deal
DealCheck
$50/mo
Too simple for multifamily
Memo
$299/mo
Under 2 min, institutional quality
RedIQ / Primer
Enterprise
Requires sales call + onboarding
Common questions
- How accurate is the underwriting?
- Memo extracts every number it uses directly from the CIM and shows you the source. The verdict, bid math, and red flags are first-pass calls meant to replace the analyst hour, not the IC conversation. Treat the output the way you’d treat a strong analyst’s draft: read it, push back, take it forward.
- What about my deal data and confidentiality?
- Your deal documents and analyses sit under your account only. They are not used to train any model and are not shared with other accounts. The Anthropic API processes your documents to produce the packet, then returns it to you.
- Can I add more than the CIM?
- Yes. Each deal is a project: start with the CIM, then add the rent roll, T-12, condition report, and insurance loss runs as they arrive. Each document is up to 30 MB. Memo reads them all and reconciles them, so the analysis sharpens as the deal folder fills out. The CIM alone still works for a first-pass read.
- Can I tune the verdict to my mandate?
- Yes. Pick a preset (core-plus, value-add) or paste your own: cap-rate floor, unit-count minimum, market list, flood exclusions, vintage cutoffs. The verdict, DD checklist, and LOI all flex against your mandate, not a generic template.
- What happens after the analysis?
- Every analysis is saved to your account and revisitable. The IC memo, DD checklist, LOI, and broker email are copy-ready for your own template, your own letterhead, your own send.
Simple pricing
Less than two hours of analyst time. Full access.
Full access. $10 per analysis beyond 40. Cancel anytime.
- AI model: Claude Opus by Anthropic
- Full pipeline: IC memo, DD checklist, LOI, broker email
- 40 analyses per month
- Every analysis saved and revisitable
- Multi-document deal folders, 30 MB per file
No credit card to start. 2 free analyses included.
Stop losing deals to slow underwriting
Every CIM sitting in your inbox is a deal someone else is already analyzing. Run the numbers in under two minutes and move first.