2026 SBA · Agency · DSCR Standards · Results in Under 2 MinutesPowered by Claude AI

Institutional Deal Underwriting
In Under 2 Minutes

Paste a Crexi link or upload your documents. Get a 15–30 page lender-ready report — DSCR, stress test, SBA / Agency eligibility, and a Deal Analysis Memo — in under 2 minutes.

What used to cost $2,000–$10,000 and take 8–40 hours now costs $249 and takes under 2 minutes.

Free screening available. No credit card required. Documents automatically deleted within 60 minutes of report generation. TLS 1.3 in transit · AES-256 at rest.

<2 min
Avg. report time
$249
vs $2K–$10K traditional
15–30
Pages per full report
6
Asset classes covered
See It Run

See it run. Upload to final report in under 2 minutes.

One screencap of a real deal — Crexi link in, lender-ready report out.

Demo video — upload to render

60 sec screencap coming soon

90 seconds
Avg. report
15–30 pages, lender-ready
Length
1,200+
Reports run

All Asset Types Supported

🏡
Single Family / Rental
🏢
Multifamily
🚐
RV Park / Campground
🏘️
Mobile Home Park
🏪
Commercial / Business
📊
Mixed-Use / Portfolio
The Shift

Stop Doing It the Old Way

The way deals get underwritten hasn't changed in 30 years. AssetForge changes it.

The Old Way
  • Hire an underwriter for $2,000–$10,000
  • Wait 8–40 hours for delivery
  • Excel models with manual inputs
  • Generic templates, no stress testing
  • No photo analysis included
  • One asset type per specialist
AssetForge
  • Run a full report for $249
  • Get results in under 2 minutes
  • AI reads your PDFs automatically
  • 2026 SBA/Agency/DSCR standards built in
  • Multimodal: reads docs + property photos
  • All asset types in one platform
What You Get

A Real Underwriting Report.
Not a Summary.

Full Underwriting reports are 15–30 pages — the same depth a professional underwriter delivers at a fraction of the cost. Every section a lender, LP, or acquisition team needs to make a capital decision.

full-underwriting-report.md
  • 01
    Executive Summary + Go/No-Go Verdict
  • 02
    Asset Overview + Market Analysis
  • 03
    Income Analysis (EGI, collection risk)
  • 04
    Expense Analysis + Expense Ratio
  • 05
    Valuation (Income, Cost, Comp Approach)
  • 06
    DSCR at Multiple Price Points
  • 07
    LTV + Debt Yield Analysis
  • 08
    Stress Test (2026 Standards)
  • 09
    5–10 Year Pro Forma
  • 10
    SBA / Agency Eligibility
  • 11
    Comprehensive Risk Matrix
  • 12
    Due Diligence Checklist
  • 13
    Walk-Away Triggers
  • 14
    Deal Analysis Memo (lender-shareable)
Powered by Claude AI✓ Lender-ready
Features

Built for Serious Investors & Lenders

Stop doing manual underwriting in spreadsheets. Get institutional-grade analysis in minutes — on any deal, any asset type.

📄

Upload Any Documents

PDFs, rent rolls, P&Ls, offering memos, photos, inspection reports. Drop them in — our AI reads everything.

🤖

Auto-Detects Asset Type

AI identifies SFR, multifamily, RV parks, MHPs, and commercial from your uploaded documents — no configuration needed.

📊

2026 Lender Standards

DSCR, LTV, Debt Yield, stress testing — engineered to match what SBA lenders and agency programs actually require today.

🚩

Red Flag Detection

Automatically surfaces deal-killers: low DSCR, private utilities, POH ratio violations, lease risk, title issues, and more.

💼

SBA / Agency Eligibility

Instant SBA 7(a), 504, Fannie, and Freddie eligibility analysis per 2026 guidelines — before you waste time on a dead deal.

📈

Full Pro Forma

Base, best, and worst-case 5–10 year projections. NOI, cash-on-cash, IRR, and cap rate — all stress tested.

🏦

Deal Analysis Memo

Get a formatted Deal Analysis Memo you can share with lenders, LPs, or your acquisition team — structured like a professional underwriting deliverable.

📋

Lender Presentation Deck

Auto-generates an 8-slide lender presentation deck from every Full report — complete with a shareable link and one-click PDF export.

📸

Photo Analysis

Upload property photos and our AI analyzes condition, deferred maintenance flags, and visible risk factors (paid tiers).

📉

Break-Even Analysis

Calculates break-even occupancy, expense ratio benchmarks by asset class, and cap rate sensitivity tables — metrics every underwriter runs.

Streaming Results

Results appear in real time — no waiting for a spinner. Watch the analysis build section by section as it runs.

How It Works

Three Steps to a Lender-Ready Report

01

Upload Your Documents

Drop in any PDFs, photos, rent rolls, or P&Ls — up to 30 files on paid tiers. We handle any file size.

Supported: PDF, JPG, PNG, WEBP, TXT
02

Choose Your Analysis Depth

Free screening for quick Go/No-Go. Quick Look for a deal summary. Full Underwriting for institutional-grade analysis.

Free · $24.95 · $249
03

Receive Your Report

A comprehensive, lender-ready analysis streams to your screen in minutes — not days. Export and share instantly.

15–30 pages · PDF export · Shareable deck
Trust & Standards

Built for operators. Audited against lender standards.

Real operators using AssetForge to flag re-trades, catch DD blowups, and walk away from deals that don't pencil — before earnest money.

🏢
Multifamily Syndicator
84-unit Class C · Georgia

Flagged a 38% expense-ratio anomaly that re-traded the deal $180K.

🏘️
MHP Operator
58 lots · Alabama

Caught a $40K septic issue and a 38% POH ratio before close.

🚐
Private Equity LP
120-site RV park · Arizona

Flagged NOI seasonality discrepancy — re-underwrote to 1.18× and walked.

Methodology & Lender Standards

Every report runs against the standards your lender uses.

Not generic AI underwriting — the same SOPs and benchmarks Fannie, Freddie, SBA, and balance-sheet banks plug into committee.

SBA SOP 50 10 7

Current 2026 SBA program guidance for 7(a) and 504 — eligibility, standby debt, and use-of-proceeds rules.

Fannie Mae MH / Multifamily

Fannie Mae MHC and DUS Multifamily underwriting standards — DSCR floor 1.25×, vacancy stress, replacement reserves.

Freddie Mac Optigo

Freddie Mac Small Balance Loan and Conventional Multifamily — DSCR, LTV, and stress-test conventions.

DSCR ≥ 1.20–1.40×

Program-specific minimums applied: 1.20× SBA, 1.25× agency, 1.30–1.40× conventional bank by asset class.

+20% Vacancy Stress

Underwritten vacancy floors imposed even on stabilized assets — agency 5%, bank 7%, hospitality 10% minimum.

+200bps Rate Shock

DSCR re-tested against +200bps interest-rate shock to confirm refinanceability under realistic rate-environment moves.

Market-derived estimates (cap rates, rent comps) are AI-inferred and may not reflect current hyper-local conditions. Always verify against fresh market data. Not a substitute for a licensed MAI appraisal or a lender's formal credit decision.

Pricing

Get $2,000–$10,000 of underwriting work for $249.

Skip the analyst. Skip the wait. Cheaper than your first lender call — and 100x faster than waiting 3 weeks for an underwriter.

Free Screening

$0

Quick Go/No-Go screening for initial deal evaluation.

  • Up to 3 PDF/text files
  • Basic Go/No-Go verdict
  • Top 3 risk flags
  • One-page summary
  • No photos allowed
Preview a real report →
Popular

Quick Look

$24.95one-time

One-page executive summary with valuation and deal confidence.

  • Up to 10 files (PDF + photos)
  • Valuation range estimate
  • Top 5 risks & opportunities
  • Go/No-Go + confidence %
  • Photo analysis included
Preview a real report →
Institutional

Full Underwriting

$249one-time

15–30 page institutional lender-ready report.

  • Up to 30 files (PDF + photos)
  • Full pro forma (base/best/worst)
  • DSCR · LTV · Debt Yield analysis
  • Stress testing (2026 guidelines)
  • SBA / Agency eligibility flags
  • Annotated photo analysis
  • Risk matrix + due diligence list
  • Deal Analysis Memo (lender-ready)
  • Lender presentation deck + share link
Preview a real report →
Subscriptions

Close Deals Every Week? Subscribe & Save.

For investors, syndicators, brokers, and lenders running multiple deals a month.

Starter

$249/mo

💰 5 reports for $249 — same price as one one-off report.80% savings if you close one deal a week.

For individual investors and brokers.

  • 5 Full Underwriting reports/mo
  • All asset types
  • Email support
  • Report history (30 days)
Best Value

Pro

$649/mo

For active deal teams and syndicators.

  • 20 Full Underwriting reports/mo
  • All asset types
  • Priority processing
  • Unlimited Quick Looks
  • Report history (90 days)
  • Priority support

Firm

$2,499/mo

For lenders, funds, and investment firms.

  • Unlimited reports
  • All asset types
  • API access
  • White-label reports
  • Dedicated account manager
  • Custom lender guidelines
  • SLA guarantee
Sample Report Sections

Real Sections from a Real Report

Click through actual excerpts from a Full Underwriting report on a 58-unit MHP — the same depth you'll get on your deal.

📋

Executive Summary

Verdict: PROCEED WITH CONDITIONS. 58-unit MHP in Mobile, AL — going-in cap 8.4%, stabilized DSCR 1.42x at 75% LTV. Three condition items must clear before close: septic Phase II, 12-mo park-owned home rent verification, and seller financing terms.

What Investors Are Saying

Built by an Investor. Used by Investors.

Real estate operators, syndicators, and private lenders use AssetForge to screen more deals in less time.

🏘️

Caught a $40K septic issue before close.

MHP Operator

58 units · Texas

🏦

Full underwrite delivered in 90 seconds.

Bridge Lender

12-unit multifamily · Ohio

🚐

Flagged NOI discrepancy that killed a bad deal.

Private Equity LP

RV Park · Arizona

FAQ

Common Questions

Is this a real underwriting report or just a summary?

Full Underwriting reports are 15–30 pages — equivalent to what a professional underwriter delivers. They include DSCR analysis, stress testing, SBA/Agency eligibility, pro forma projections, risk matrix, due diligence checklist, a Deal Analysis Memo, and a shareable lender presentation deck.

Which asset types are supported?

SFR, Multifamily (2–100+ units), Mobile Home Parks, RV Parks / Campgrounds, Commercial / SBA owner-occupied, and Mixed-Use / Portfolio deals. The AI auto-detects the type from your documents.

What lending standards does it apply?

2026 SBA 7(a) and 504 guidelines, Fannie Mae and Freddie Mac MHP/multifamily programs, conventional DSCR and bridge lending standards. Stress testing applies +20% vacancy, +15% expenses, and +2% rate shocks.

Is my deal data stored or shared?

No. Documents are processed in memory and permanently deleted after report generation. We never train on your data or share it with third parties.

Can I use this to submit to a real lender?

The Full Underwriting report is designed to be lender-presentable and includes a Deal Analysis Memo. For institutional lenders and bank loans over $500K, a licensed MAI-certified appraisal is typically required for final approval. Use AssetForge to qualify deals, prepare for lender conversations, and present to private lenders, hard money lenders, and investors before engaging licensed appraisers.

How accurate are the numbers and projections?

Accuracy depends on the quality of your input documents. When you provide a complete rent roll, T12 P&L, and offering memorandum, the AI extracts figures directly from your data. Market-derived estimates (cap rates, rent comps) are AI-inferred from training data and may not reflect hyper-local current conditions — always verify against fresh market data before making any capital decision.

What is the refund policy?

Not satisfied with your report? Contact us within 24 hours of purchase and we will issue a full refund — no questions asked. We stand behind the quality of every analysis.

Does it generate a lender presentation deck?

Yes. After every Full Underwriting report, you can generate an 8-slide lender presentation deck with one click. The deck includes your financial snapshot, DSCR table, stress test results, risk matrix, and pro forma. You can share it via a unique link or export it as a PDF.

What if my documents are messy or incomplete?

The AI flags missing data as critical gaps rather than making things up. It will tell you exactly what information is needed and what assumptions were made — and model conservative scenarios where data is absent.

Your Next Deal Deserves
Institutional Analysis

Start free. No credit card. Get a Go/No-Go verdict on your deal in under 2 minutes.

AI-generated informational analysis only — not financial, legal, lending, or appraisal advice. Not a substitute for a licensed MAI-certified appraisal or professional due diligence. All figures, projections, and market estimates must be independently verified by qualified professionals before any capital decision is made.