CRE underwriting without the spreadsheet hell
One auditable, version-controlled proforma for acquisitions, development, and tenant rep — built specifically for commercial real estate teams.
- Rent roll NOI, JV/LP waterfalls & exit analysis
- Sensitivity matrices and scenario comparison built-in
- 10+ asset classes: Multifamily, Retail, Industrial, Office, Hospitality and more
- Secure external sharing via password-protected links
Everything your acquisitions team needs
Acquisition modeling
10-year cash flows, IRR, MOIC, DSCR, LTV/LTC, and exit cap analysis — all live and connected.
JV waterfall engine
GP/LP splits, preferred returns, catch-ups, and multi-tier promotes. Generates investor-ready summaries.
Multifamily unit mix
Per-unit and per-SF pricing, turnover costs, vacancy assumptions, and rent growth by unit type.
Development & construction
Single-site and multi-site staggering with Gantt-based timeline offsets and draw schedules.
AI-assisted assumptions
Pull market comps, OPEX benchmarks, and rent growth from your linked properties — no manual data entry.
Audit trail & sharing
Versioned models, no broken VLOOKUPs, and password-protected external share links.
Frequently Asked Questions
Does NexProforma replace Excel?
For underwriting, yes. NexProforma replaces the 20-tab acquisition or NER model with a single connected workspace — but you can still export to Excel for LP packages or board memos.
Can I model JV waterfalls?
Yes. NexProforma supports GP/LP splits, preferred returns, catch-ups, and multi-tier promotes, with investor-level distribution schedules generated automatically.
What asset classes are supported?
Multifamily, Retail, Industrial, Office, Hospitality, Self-Storage, Mixed-Use, Land Development, Single-Family Rental, and Manufactured Housing — each with class-specific assumption sets.
Can I share models externally?
Yes. Generate password-protected share links with optional expiration. External viewers see a read-only HTML or PDF version — no NexDeal account required.
Ready to see CRE Underwriting Software in action?
Start a free trial — no credit card required. Founding Member pricing locks in $299/mo for life.