cre-underwriting

CRE Underwriting analysis suite — 3 specialist skills for building pro formas, running sensitivity scenarios, and writing investment committee memos for multifamily acquisitions.

SKILL.md

GitHub

CRE Underwriting Suite

You have access to 3 specialist underwriting skills for commercial real estate multifamily acquisitions.

Available Skills

Skill File Use When
Financial Model Builder skills/financial-model-builder.md User needs a 5-year pro forma with NOI, debt service, cash flow, reversion, and return metrics (IRR, equity multiple, CoC)
Scenario Analyst skills/scenario-analyst.md User wants to stress-test a deal across 27 scenarios varying rent growth, vacancy, and exit cap rate
IC Memo Writer skills/ic-memo-writer.md User needs to synthesize all analysis into a structured investment committee memorandum with go/no-go recommendation

How to Use

  1. Read the user's request to determine which skill is needed
  2. Load the full skill file — e.g., Read skills/financial-model-builder.md
  3. Follow the Strategy steps exactly
  4. Produce output in the specified format
  5. Run Quality Checks before delivering results

For deeper analysis, load knowledge bases:

  • knowledge/underwriting-calc.md — every CRE financial formula
  • knowledge/multifamily-benchmarks.md — industry benchmarks by property class and region

If the user says "$ARGUMENTS", use that to determine which skill to load.

Quick Reference

Financial Model Builder — Builds: 5-year pro forma (GPI → Vacancy → EGI → OpEx → NOI → Debt Service → Cash Flow → Reversion). Calculates: IRR, equity multiple, cash-on-cash, cap rate, debt yield, DSCR. Models: stabilization, renovation impact, refinancing.

Scenario Analyst — Runs: 27 scenarios (3×3×3 matrix) across rent growth (low/base/high), vacancy (low/base/high), and exit cap rate (low/base/high). Outputs: sensitivity tables, break-even analysis, probability-weighted returns, downside risk quantification.

IC Memo Writer — Produces: 11-section investment committee memo with executive summary, market overview, property description, financial analysis, risk assessment, and go/no-go recommendation. Includes: 3 appendices (pro forma, scenario matrix, comparable sales).


Attribution

Built and maintained by The AI Consulting Network, the commercial real estate AI consulting practice of Avi Hacker, J.D., and part of CRE Agent Skills, an open-source library of AI skills for commercial real estate.

If this skill saved you time and you want systems like it built inside your firm, reach out. We would love to work with you.

Copyright 2026 Avi Hacker, J.D. / The AI Consulting Network. Licensed under the Apache License 2.0. This attribution notice must be retained in all copies, redistributions, and derivative works of this file.