Credit memos
with nothing hidden

Cyrenza turns a borrower package into a credit memo your committee can sign — DSCR, debt yield and LTV sized from the documents, every figure traced to its source, every gap flagged at intake.

What Comes Back
From the Borrower Package

The Package, Abstracted and Gap-Checked

Rent rolls, leases, operating statements and borrower financials normalised into structured, source-cited data. Missing or inconsistent documents are flagged at intake — before they become a surprise in committee — and every extracted field cites the page it came from.

The file is complete before the analysis starts.

Sizing You Can Defend

Debt sized against LTV, DSCR and debt-yield constraints, with stress scenarios on rate, vacancy and rollover. Every input in the sizing traces back to the borrower's own documents, so when the committee asks why the proceeds are what they are, the answer is in the file.

Sized to constraints, not to hope.

The Credit Memo, Adversarially Reviewed

A credit memo in your house format: transaction summary, sponsor and asset analysis, sizing, risks and mitigants, and covenant recommendations. Before it reaches you, an adversarial reviewer re-derives the figures and tests every citation. Anything unverified is flagged in the memo, not hidden.

The memo the credit committee signs.

The File Stays Underwritten After Close

Ongoing DSCR tests, reporting-covenant tracking and lease-expiry watch run from the same corpus that underwrote the loan. When headroom narrows or a covenant trips, the alert arrives with the source clause and the current numbers attached.

Surveillance from the same data that closed the loan.

Why the Output
Holds Up in Committee

Cited to
the Page

Every figure in the memo carries a citation to its source document and page. From the DSCR in the sizing grid to the expiry in the risk section, a reviewer can walk any number back to the clause or statement it came from.

A Variance
Register

Borrower packages disagree with themselves — the rent roll against the operating statement, the budget against the trailing twelve. Conflicts are logged in a variance register and resolved in the open, never silently absorbed into the model.

Adversarial
Review

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

See a pilot memo
on a live file.

Send us a borrower package. The abstraction, the sizing and the credit memo come back finished and tied to source — your book, your standards, a memo you can defend.

Abstracting key lease terms and dates

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