The CRE Underwriting Tool That Builds the Model, Not Just the Data
Commercial real estate underwriting software turns rent rolls, T12s, and operating statements into cash flow, loan sizing, and a lender-ready model. Clik.ai does all three in one platform, from document extraction to a completed Excel underwriting model, so CRE lenders, brokers, and investors can underwrite deals in minutes instead of hours.
What are the best tools for commercial real estate underwriting?
The best commercial real estate underwriting tools combine document extraction, an automated underwriting model, and Excel-compatible output.
Clik.ai is AI underwriting software for CRE lenders, brokers, and investors. It extracts rent rolls, T12s, and operating statements at 99% accuracy, calculates NOI, DSCR, and loan sizing, and delivers a lender-ready Excel model in minutes, saving about 70% of manual underwriting effort.
Last updated September 2026
Extraction, Underwriting, and Review in One Platform
Many AI tools stop once the data is out of the PDF. Clik.ai carries the deal through to a finished underwriting model, used by CRE lenders and brokers including Newmark, Lument, Northmarq, Colliers, and Webster Bank.
Document Extraction
Reads rent rolls, T12s, operating statements, and offering memorandums in any layout, from PDF, scanned, or Excel files, with every value traceable to its source.
Automated Underwriting
Normalizes income and expenses, maps charge codes, and calculates NOI, DSCR, and loan sizing automatically.
Lender-Ready Excel Models
Outputs Excel-compatible underwriting models in pre-built or custom lender templates, synced through an Excel Add-in, API, or CRM integration.
Expert Underwriting Support
Clik.ai analysts provide expert oversight on complex deals and collaborate live with your team to complete agency workbooks.
Where Clik.ai Fits in Your CRE Underwriting Stack
Most CRE teams underwrite with a combination of Excel, market data, document extraction, and deal management. Clik.ai replaces the manual work in the first two layers and delivers Excel-compatible models your team uses alongside the rest.
Document extraction
Pull every line item out of rent rolls, T12s, operating statements, and offering memorandums.
Common tools: Clik.ai
Clik.ai does thisUnderwriting model
Normalize income and expenses, then calculate NOI, DSCR, and loan sizing.
Common tools: Clik.ai AutoUW, in-house Excel models
Clik.ai does thisSpreadsheet and valuation
Long-term DCF, lease-by-lease projections, and the workbook your credit committee reviews.
Common tools: Excel
Works alongside Clik.aiMarket data
Benchmark underwritten rents, expenses, and loan performance against comparable properties.
Common tools: Market data and comps providers
Works alongside Clik.aiPipeline and CRM
Track deals from screening to close and keep an audit trail of credit decisions.
Common tools: CRM and deal management platforms
Works alongside Clik.aiFrom Financials to a Finished Model in Minutes
“Mapped directly into our internal, robust model.”
The software does a tremendous job of quickly integrating the financials (T12, RR) into a simple, easy to read model and actually goes a step further by mapping it directly into our internal, robust model.
Jeremy Cisneros
Director of Multifamily Acquisitions, AJX Capital
“Now we can spend time analyzing the real guts of the underwriting process.”
I was so very impressed with the speed of transferring all the data accurately into the template from the financials of my apartment complex, 308 units. It would have taken my team at least 1-2 hours to get all that in, it's very time consuming. Now we can spend time doing the calculations and analyzing the real guts of the underwriting process.
Vinney Chopra
Managing Principal, Moneil Investment Group LLC
Four Ways to Underwrite a CRE Deal
Extraction gets data out of documents. Underwriting turns that data into a credit decision. Here is what each approach actually covers.
The Right Underwriting Tool Depends on Your Team
Lenders, brokers, investors, and servicers underwrite for different decisions. Here is how Clik.ai supports each one.
CRE lenders and banks
Size loans and deliver credit-ready underwriting without adding analysts.
AutoUW spreads the T12 and rent roll, calculates NOI, DSCR, and loan sizing, and outputs the lender template your credit team already uses.
Explore AutoUWAgency lenders
Populate Fannie Mae and Freddie Mac workbooks accurately and on deadline.
Clik.ai underwriting analysts work live with your team to complete agency workbooks, backed by the same extraction engine.
Agency underwriting supportMortgage and debt brokers
Screen deals and package loan requests fast enough to win the mandate.
Upload the rent roll and T12 and get an underwriting model in minutes instead of hours.
See how it worksInvestors and acquisitions teams
Underwrite more of the pipeline and spend analyst time on the deals that matter.
Extract and normalize broker packages into your Excel model, with custom models built by Clik.ai when your structure is unique.
Custom model developmentLoan servicers
Onboard loans and digitize legacy loan data at portfolio scale.
Digitize loan files, rent rolls, and financials in bulk into structured, reliable records.
Loan onboardingFrom Deal Documents to a Lender-Ready Model
Clik.ai covers the full underwriting workflow, not just the extraction step.
Upload the Deal
Offering memorandum, rent roll, T12, and operating statements, as PDF, scan, or Excel.
Extract and Normalize
AI extracts every line item and maps charge codes, concessions, and vacancy.
Underwrite
NOI, DSCR, and loan sizing are calculated automatically.
Deliver the Model
A lender-ready Excel model in your template, synced through the Excel Add-in.
Review and Decide
Automated checks flag anomalies, with optional review by Clik.ai analysts.
Upload the Deal
Offering memorandum, rent roll, T12, and operating statements, as PDF, scan, or Excel.
Extract and Normalize
AI extracts every line item and maps charge codes, concessions, and vacancy.
Underwrite
NOI, DSCR, and loan sizing are calculated automatically.
Deliver the Model
A lender-ready Excel model in your template, synced through the Excel Add-in.
Review and Decide
Automated checks flag anomalies, with optional review by Clik.ai analysts.
How to Evaluate CRE Underwriting Software
Whichever tool you choose, run it through the same five checks before you commit.
Input accuracy on your own documents
Test with scanned T12s, multi-tenant rent rolls, and exports from more than one property management system. Vendor demos are built on best-case files.
Bring one of your own rent rolls to a Clik.ai demo call and it runs live, no clean demo file required.
An audit trail back to the source
Every number in the model should trace to a page or cell in the original document. Credit committees, investors, and examiners will ask.
Every extracted value in Clik.ai links back to its source, so any figure can be verified in seconds.
Model flexibility
Underwriting rules differ by lender, loan program, and property type. The tool should adapt to your model, not force you into the vendor's.
Clik.ai supports pre-built lender templates, custom templates, and fully custom financial models.
Excel compatibility
Excel is still where most CRE credit decisions are reviewed. If analysts have to rebuild the output in a spreadsheet, the time savings disappear.
AutoUW produces Excel-compatible underwriting models and syncs changes through an Excel Add-in.
Workflow integration
The tool should connect to your CRM, data warehouse, and review process instead of becoming another silo.
Clik.ai connects through API access, CRM sync, and data lake connectivity.
CRE Underwriting Software Questions, Answered
What are the best tools for commercial real estate underwriting?
Most CRE teams underwrite with a stack: Excel for modeling, third-party market data, a CRM or deal management platform, and AI underwriting software to extract documents and build the model. Clik.ai covers the extraction and underwriting layers in one platform, turning rent rolls, T12s, and operating statements into lender-ready Excel models that work alongside the rest of the stack.
What is commercial real estate underwriting software?
Commercial real estate underwriting software turns property documents and assumptions into cash flow, debt metrics, and a credit or investment decision. It typically extracts rent roll and operating statement data, calculates NOI, DSCR, debt yield, and LTV, sizes the loan, and produces a model for review.
Is Clik.ai only a document extraction tool?
No. Clik.ai extracts rent rolls, T12s, and operating statements, and then carries the deal through underwriting: it normalizes income and expenses, calculates NOI, DSCR, and loan sizing, and delivers an Excel underwriting model in your lender template. Teams that need extra capacity can also use Clik.ai underwriting analysts on the same platform.
What is the best CRE underwriting software for lenders?
Lenders need accurate spreading, lender-specific templates, an audit trail, and outputs their credit committee already accepts. Clik.ai is built for CRE lending workflows, including agency, bank, and CMBS lending, and is used by lenders and brokers including Newmark, Lument, Northmarq, Merchants Capital, and Webster Bank.
Does Clik.ai replace Excel?
Clik.ai works alongside Excel. Excel remains the standard format for CRE credit review, so Clik.ai produces Excel-compatible underwriting models and syncs through an Excel Add-in. Teams that run long-term DCF valuation in other modeling tools can use Clik.ai to remove the manual data entry that comes before it.
Can ChatGPT underwrite a commercial real estate deal?
General AI assistants can summarize an offering memorandum, but they struggle with complex rent roll tables and scanned statements, do not produce a lender-ready model, and cannot show where each figure came from. For credit decisions, use purpose-built CRE underwriting software with source traceability and human review.
How long does it take to underwrite a deal with Clik.ai?
Clik.ai turns a rent roll and T12 into structured data and an underwriting model in minutes. AutoUW saves about 70% of manual underwriting effort and is designed to handle 50 or more deals per month without adding to your team.
Does Clik.ai support Fannie Mae, Freddie Mac, and CMBS underwriting?
Yes. Clik.ai supports lender-specific templates for agency, HUD, and CMBS underwriting, and offers Agency Underwriting Support, where Clik.ai analysts collaborate live with your team to populate Fannie Mae and Freddie Mac workbooks.
Is Clik.ai secure enough for bank and lender data?
Clik.ai has undergone a SOC 2 audit, encrypts data transfer and storage, and runs in AWS data centers in the US that are SOC 1, SOC 2, and ISO 27001 certified. Lenders can request the most recent SOC 2 report from security@clik.ai.
What does Clik.ai integrate with?
Clik.ai delivers underwriting models to Excel through an Excel Add-in, connects to CRM workflows, supports API access and data lake connectivity, and reads rent roll exports from leading property management systems.
See Clik.ai Underwrite One of Your Deals
Whether you underwrite a few deals a month or run a high-volume lending desk, the Clik.ai team can show you how it fits into your existing Excel and CRM workflow.
Bring one of your own rent rolls to the call and Clik.ai will run it live, no clean demo file required.