From data room
to a memo you can defend

Cyrenza underwrites the deal the way your team does — rent rolls normalised, leases abstracted, NOI to IRR modelled with every input traceable — and drafts the IC memo your committee actually signs.

What Comes Back
From the Data Room

Rent Rolls & Leases, Abstracted to the Last Option

Clause-level lease abstraction across office, retail, industrial and multifamily: base rent, escalations, recoveries, renewal options, co-tenancy and critical dates, with WALT and rent-roll reconstruction. Every field carries a citation to the source document and page.

Every lease abstracted to the last option.

Underwriting Your Committee Can Interrogate

Multi-year pro forma modelling with revenue, expense and CapEx scheduling. NOI, DSCR, debt yield and IRR built from the abstracted documents, with sensitivity tables on the assumptions that matter. Every input is traceable back to the page it came from — when a committee member asks where a number came from, the answer is one click.

Underwritten all the way to the waterfall.

Diligence That Surfaces Conflicts

When the rent roll disagrees with the operating statement, or the offering memorandum disagrees with both, the conflict is logged in a variance register and carried into the memo. Discrepancies are resolved on the record, with the resolution documented — never silently.

Every conflict on the record.

The IC Memo, Adversarially Reviewed

An investment-committee memo in your house format: thesis, market context, asset-level underwriting, return projections and exit scenarios. Before it reaches you, an adversarial reviewer re-derives the figures and tests the citations. Anything that could not be verified is flagged in the memo, not hidden.

The memo the committee approves.

Why the Output
Holds Up in Committee

Cited to
the Page

Every figure in the deliverable carries a citation to its source document and page. From any number in the memo, a reviewer can walk back to the clause, the line item or the statement it came from. Nothing arrives unattributed.

A Variance
Register

Deal documents disagree with each other more often than anyone admits. When sources conflict, the discrepancy is logged in a variance register, carried into the memo, and resolved in the open. Silent reconciliation is the failure mode Cyrenza is built to prevent.

Adversarial
Review

Before a memo reaches your team, a second reviewer works against it — re-deriving calculations, testing citations, hunting for unsupported claims. Anything unverified is flagged in the deliverable itself. The memo arrives already challenged.

See a pilot memo on
your deal.

Send us a rent roll and the deal documents. The abstraction, the underwriting and the IC memo come back finished and tied to source — your deals, your standards, a memo you can defend.

Abstracting key lease terms and dates

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