Commercial is a numbers game wrapped in relationships. NOI, cap rate, DSCR, proforma projections — the spreadsheet tells part of the story, but the deal gets done because you know the owner, the tenant, and the lender.
2 AI translations · Real Estate
Build proformas for income-producing properties — project NOI, model cap rate scenarios, calculate DSCR for lender requirements, stress-test rent growth and vacancy assumptions. For multifamily, it's unit mix, rent rolls, and expense ratios. For office, it's lease rollover exposure and tenant creditworthiness. For retail, it's anchor tenant risk and co-tenancy clauses. Every deal needs a model that shows the investor their return — IRR, cash-on-cash, equity multiple — and those numbers better hold up.
Abstract commercial leases into structured data: base rent, escalations, expense pass-throughs (CAM, taxes, insurance), options (renewal, expansion, termination, ROFO/ROFR), tenant improvement allowances, and critical dates. Manage a portfolio of leases — large REITs and institutional owners have thousands. Track rent roll accuracy, lease expiration exposure, and mark-to-market opportunity. Under ASC 842, classify and account for every lease (operating vs. finance) with proper recognition of right-of-use assets and lease liabilities.