Built for FP&A teams in real estate development

Plan, model, and track every dollar of a deal — from offer to exit

My Underwriting is the financial planning home for real estate developers. Replace fragile spreadsheets with one underwriting model that follows the deal through every phase. Build the forecast, run scenarios, track actuals against the baseline, and surface variance the day it happens.

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Riverside Commons

4200 Elm Park Blvd, Austin, TX 78702 · 244 units

NOI

$4.82M

Cap Rate

5.65%

Yield on Cost

6.42%

Model completion82%

Under analysisScenario: Base case9 of 11 sections

Why it matters

Spreadsheets break the moment construction starts

FP&A teams in real estate end up reconciling three or four systems that never agree. The model lives in Excel, the actuals live in a contractor system, the operating ledger lives somewhere else, and the LP report is yet another deck. Variance gets lost in translation — and so does the answer to the simplest question: did we deliver what we underwrote?

Before

The fragmented way

Forecast in Excel, actuals in a contractor PM, ops in a separate ledger
No way to compare projected NOI to stabilized NOI
Schedule slips silently — IRR impact discovered at exit
Soft cost overruns surface in monthly reports, not in real time
LPs receive a different number in every quarterly update

After

The My Underwriting way

One underwriting baseline, carried through every phase
Projected vs actual variance, live, on every line
Schedule milestones with IRR sensitivity built in
Soft and hard cost commitments tracked against the budget
One LP view, from the model through the exit

Lifecycle coverage

Eight phases, one model

A deal flows through eight phases — and so does the platform. Every actual cost, every milestone, every realized rent is recorded against the line in the original underwriting it maps to. The baseline is immutable. The variance is always visible.

Underwriting

Build the forecast across 11 sections — property, income, expenses, capital stack, exit. The pro forma your team can trust.

Available now

Land Pursuit

Track LOIs, deposits, contingency dates, and due diligence against the offer terms. Watch the cost of carry as the clock ticks.

In rollout

Permitting

Entitlement milestones with the cost-of-delay measured against the underwritten timeline. Know what a six-week slip does to IRR.

In rollout

Pre-Construction

Soft cost commitments, change orders, invoices, and an approval workflow that gates every status change against the underwritten budget.

In rollout

Construction

Hard cost pay applications across 16 CSI divisions, owner change orders, bank draws, and live variance against the original underwriting.

In rollout

Lease-Up

Absorption pace, achieved rents, and concessions measured against the rent roll you underwrote — at the unit level, not the property level.

Roadmap

Operations

Stabilized monthly NOI tracking — measured against the rents, expenses, and reserves you originally modeled.

Roadmap

Disposition

Buyer pipeline, offer history, closing tracker, and a post-mortem against projected IRR, equity multiple, and exit cap.

Roadmap

Every phase compares actuals against the original underwriting

Asset classes

One platform, five asset classes

Multifamily is live today. Single family, industrial, and hotel underwriting forms are being built with input from working FP&A analysts.

Multifamily

Available now

Single Family

Coming soon

SF Luxury

Coming soon

Industrial

Coming soon

Hotel

Coming soon

What you get

Built for how FP&A analysts actually work

Every capability exists because an analyst asked for it. No generic project management, no plug-ins, no reconciliation across half a dozen systems — just the tools a real estate finance team needs to plan, forecast, and report.

Single underwriting baseline

11 structured sections capture every assumption — property, income, expenses, taxes, costs, capital stack, exit, inflation, and calculated outputs. The baseline is immutable; actuals are recorded against it forever.

Live scenario modeling

Five stress sliders update NOI, exit value, gross margin, and NPV in real time. A 6×8 cap rate vs rent heatmap shows exactly where the deal breaks before you commit.

Forecast vs actual variance

Every committed dollar — soft cost, hard cost, capital draw — is recorded against the line it was underwritten on. Drift surfaces the day it happens, not at the next monthly close.

Audit trail on every assumption

Every change to a forecast assumption is timestamped and attributed. When an LP asks why the exit cap moved 25 bps, the answer is one click away.

Live model checklist

A scorecard tracks completion across all 11 sections. The analyst sees exactly which fields are missing before sending the deal up for approval.

Stakeholder sharing & ACL

Share the model across organizations with view or contributor permission. LPs and retail-fund investors get read-only follow-through. Database-level access control, not UI gating.

Built for

Every seat in the deal room

From the FP&A analyst running the model to the LP tracking their commitment, one platform serves every role in the capital stack — without anyone having to download a fresh PDF.

FP&A Analysts

Model faster. Catch more.

Fill 11 structured sections with auto-validation. Run stress tests with live sliders. The model checklist ensures nothing falls through before approval — and the audit trail covers you when assumptions change.

Principals & Executives

Full visibility. Zero chasing.

Review the deal from Overview through Exit in one scrollable view. The completion scorecard tells you if the model is ready before you ask. Approve once; watch every phase rebuild against the same baseline.

LP Investors

Real-time follow-through. Not stale PDFs.

Shared deal views with read-only access — the same numbers as the deal team, refreshed live. Month-over-month variance against the underwriting you committed to.

How it works

Up and running in 3 minutes

No implementation team, no IT involvement, no setup deck. Sign up, build the model, share the deal.

Create your account

Sign up with email or Google. Configure your company profile and invite your team. Two-factor authentication is enforced from day one.

Build the model

Capture the deal across 11 structured sections — property, income, expenses, costs, capital stack, exit. Auto-saves as you type. Auto-validates as you go.

Stress test and share

Run scenarios with live sliders. Check the model scorecard. Share the deal view with your principal or LP in one click — they see the same numbers, live.

Security

Enterprise-grade security from day one

Built on the same infrastructure used by the fastest-growing fintech companies. Your model and your numbers stay yours — always.

Two-factor authentication

Mandatory for every user. Google Authenticator or any TOTP app. No exceptions.

Database-level access control

Every query is scoped to your organization at the database layer — not just the UI. The SQL itself enforces the boundary.

Encrypted in transit and at rest

TLS 1.3 in transit. AES-256 at rest. Hosted on SOC 2-compliant infrastructure.

Role-based access control

Analysts, executives, and investors each see exactly what they need — and nothing they should not.

Per-organization data isolation

Each organization's data is fully isolated. Database-level access control enforces the boundary on every read and write.

30-day device trust

Trusted devices skip 2FA for 30 days. Maximum security without slowing your team down.

Ready to retire the spreadsheet?

My Underwriting is in early access for real estate developers, FP&A teams, and private equity firms. Enter your name and email to request access.

No credit card required. Free during early access.

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