Every deal moves through the same five passes, in the same order. Each pass takes structured input, applies one underwriting discipline, and produces output the next pass can consume. By pass five, the file speaks the language capital sources actually underwrite in.
Most files arrive as a phone call, a sloppy memo, or a screenshot of an LOI. Pass one strips the narrative and resolves the file into the structured inputs every downstream pass requires — asset, sponsor, leverage, timeline, exit.
The first signal every lender reads is who the borrower is. Pass two resolves experience, liquidity, and track record into the Sponsor Strength Rating™ — the A–F grade that determines which capital sources the file is even worth showing.
Pass three forecasts whether the asset reaches stable, lender-accepted cash flow on the projected timeline. The Stabilization Risk Score™ is the index lenders use to decide reserves, interest-only periods, and exit ratios.
Pass four is the difference between a 78 and an 86. The engine returns the specific, ranked adjustments — leverage, reserves, sponsor cures, structural moves — that lift the file's grade before it goes to capital.
The final pass is the artifact. A single document that opens with the scored signals, walks through the structure, surfaces the risks the engine already identified, and closes with the lender list pre-filtered to capital sources that fund this exact profile.
Submit a scenario and see it scored, structured, and packaged the way capital sources actually underwrite — in minutes.