Glossary
Commercial real estate underwriting
The process of evaluating a commercial property investment by analyzing its income, expenses, leases and market to estimate value, risk and return.
Commercial real estate (CRE) underwriting is how an investor or lender decides whether a deal is worth doing and at what price. It means analyzing the property's income (the rent roll), its expenses (the operating statements), its leases, and the market, then building a financial model to project net operating income, cash flow and returns.
Traditionally this is slow, manual work: analysts re-key data from rent rolls, T-12s and offering memoranda before they can model anything. AI CRE underwriting automates the extraction and reconciliation so the analyst can focus on assumptions and judgment.
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