This software has cut our time for building portfolio models by 50% or more. It's streamlined our portfolio process and allowed us to cut down on costly mistakes when combining multiple models into a portfolio. Making changes to the portfolio underwriting is also now a quick process with the ability to pull any file from the cloud and save those changes quickly. The compare versions feature is also a great tool to compare the results of two different pro forma projections and allows us to dial in our pricing much faster. The mapping and demographic tools are also a huge time saver. Overall the investment in this tool will cut down on our overall hours needed on projects and reduce our man power needed to finish our underwriting projects.
We haven't come across any issues with the software to date, the only initial challenge was ensuring multiple analysts had access to the same cloud files to ensure continuity on projects, however the service team at CRE helped us resolve this immediately upon request. Also, the app can time out and look like it's still logged in but this is easily fixed when you sign back in to the model.
Works exactly like we need it to for commercial and apartment projects.
Ease of use and application to either a mixed use project, or a single use commercial project. Structured in such a way that one can fill in the blanks of a development proforma for specific costs, time frames, construction loan funding, waterfalls, long term take-outs, etc.
It took some time to develop the software from the ground up, and to work the "glitches" out while entering data. It also takes some time to educate investors on how to peruse to presentation materials to find the information they're seeking.
Likelihood to recommend: 10/10
Contact CREModels for detailed pricing information.