CRE underwriting
For investors evaluating a deal and brokers explaining buyer returns. Review assumptions, cash flow, and projected IRR.
The whole deal. In one report.
From the big picture to the numbers behind it.
It starts with your documents.
Drop in your rent roll, T-12, and offering memorandum. Cactus reads the files, extracts the financials, and reconciles the numbers across documents.
- PDFs and spreadsheets, in one upload
- Rents, income, and expenses pulled into the analysis
- Source references stay with the numbers
See the market behind the numbers.
Rental comparables, local developments, and location signals, connected to your deal. See the evidence behind each assumption.
- Compare rents by floor plan, unit size, and price per square foot
- See which comparables support the analysis
- Bring nearby developments and local signals into view
Every number. Every formula. Yours to inspect.
Open your model in Excel and follow the math. Editable assumptions, working formulas, and connected tabs let your team trace the results back to their inputs.
- Inspect the formulas behind cash flows and returns
- Change an assumption and see its effect
- Keep working in a model your team can audit
Built for the work behind the number.
Specialist AI, professional financial models, and integrated market data. One place to understand a deal.
No AI in the calculations.
Property values, cash flows, and returns are computed with fixed financial formulas. AI prepares and explains the inputs; the model does the math.
A crew of specialist AI agents.
Tuned by AI engineers for the work behind a deal: extracting documents, reconciling figures, researching the market, and reviewing the analysis.
Market data built in.
Rental comparables, operating benchmarks, demographics, and development activity feed the analysis, with market evidence beside your assumptions.
Where you already work.
Send documents from your inbox or start an analysis inside ChatGPT. Your Cactus report is just a link away.
Models built by investors.
Financial models made by professional investors and analysts. Inspect the assumptions, follow the formulas, and keep working in Excel.
Evidence behind the numbers.
Trace figures to source documents, inspect the market evidence, and see which assumptions need your review. The reasoning stays with the report.
SOLUTIONS
Asset-class workflows, plus PropTech infrastructure.
01
Multifamily
For acq + dev teams buried in rent rollsParse T-12s, unit mix, loss-to-lease, renovation scope, payroll, taxes, and comp support before the model goes to IC.
Sign Up02Self-storage
Beta · For operators + developers checking demandNormalize unit sizes, in-place vs street rates, occupancy by type, discounts, expansion notes, and new-supply risk before sizing the deal.
Explore storage beta03Industrial and logistics
For teams evaluating industrial and tenant riskTrack clear height, dock doors, power, trailer parking, truck access, lease rollover, tenant credit, and comp evidence in one trail.
Explore industrial beta04Retail and mixed-use
For retail teams reading tenant healthReview rent rolls, sales, co-tenancy clauses, CAM/NNN recoveries, anchor exposure, leakage, and demand signals beside the source.
Explore retail beta05Office and medical office
For office teams managing rollover riskMap expirations, TI/LC, concessions, downtime, vacancy, medical buildout, tenant credit, and comps back to supporting files.
Explore office beta06Hospitality
For hotel teams pressure-testing operationsConnect P&Ls, STR trends, RevPAR, seasonality, labor, PIP/capex, group mix, and demand generators to each assumption.
Explore hospitality beta07Land and development
For developers turning sites into budgetsKeep zoning, utilities, constraints, impact fees, entitlements, phasing, absorption, and schedule risk tied to feasibility.
Explore land beta08PropTech
For CRE software teams that need trusted dataEmbed source-backed extraction, tenant/property matching, approval gates, audit trails, and model-ready CRE data into product workflows.
Explore PropTech betaFAQ
Frequently asked questions about Cactus
Common questions from CRE teams evaluating automated property analysis.
Defensible means every important input in the deal has a visible reason behind it. The defensibility stack is:User assumption + market checkThe user can make a judgment call, while Cactus validates, challenges, or contextualizes it against the market.Document / historical citationsUploaded P&Ls, T-12s, rent rolls, OMs, budgets, and other source docs tie directly back to revenue, expenses, NOI, post-NOI, and other line items.Market comps / external dataRent comps, cap rates, concessions, growth, expenses, and other market signals anchor assumptions in real evidence.Open questionsMissing comparable evidence, older financial periods, and uncertain assumptions remain visible for the team to investigate.