One deal, start to finish.
Forty-five seconds following a single commercial real estate deal from an address to funding. Every claim on screen is a claim made elsewhere on this site, and every figure beside it — the sizing, the coverage ratios, the stress scenarios, the milestone count — is what our underwriting engine computes for this sample deal. The panel itself is this page's own pipeline display, filmed as it runs, not a mock built for the film.
What happens, in order
- 01
A deal file in 90 seconds, not 90 emails.
An address is the whole intake. Relendi validates it, then pulls twelve government and market data feeds against the property — valuations, flood zone, violations, environmental records, demographics, rate context. That is day one of package assembly, done before the kickoff call.
See the intelligence layer → - 02
Stress-tested before a lender ever asks.
The deal is sized on the binding constraint — the lowest of loan-to-value, debt service coverage, debt yield and loan-to-cost — and then run through seven stress scenarios. The film shows the ones that fail, at 1.03x and 0.83x, because a package that hides them is a package a credit committee will take apart.
See the stress test → - 03
Matched lenders. Compared on 5-year cost.
A credit memo drafts in about thirty seconds across ten sections, then competing term sheets are compared on total five-year cost of capital rather than headline rate. In the sample deal a 6.45% quote with a full point beats a 6.65% quote with half — the cheapest rate is not the cheapest money.
See the credit memo engine → - 04
Signed term sheets aren't closed loans.
Twenty-three closing milestones across six phases — term sheet, diligence, approval, legal, closing, post-close — each one dated and owned, so the gap between signature and funding is tracked instead of assumed.
See the closing tracker →
Frequently asked questions
What documents do lenders expect in a commercial loan package?
Most lenders open with the same core set: a one-page summary of the ask, a current rent roll, trailing twelve months of operating statements, a pro forma, a sources-and-uses budget, the purchase contract or existing loan documents, and a personal financial statement with liquidity for each guarantor. Asset class adds to that list, rarely subtracts.
Which documents does a lender read first?
The summary and the rent roll, in that order. The first pass is a screening question — does the ask fit this lender's credit box at property type, market, leverage and coverage — not a full underwrite. Tax returns, entity documents and title work matter, but they are diligence items that follow a yes, not the things that produce one.
Why do lenders ignore a package that contains everything?
Usually because it arrives as a folder rather than a file. If the ask, the coverage and the sponsor's liquidity must be reconstructed from the attachments, the deal competes badly against one that states them on page one. Fit is the rest: a complete package sent to a lender that does not do this asset class is still a decline.
Does it matter if the rent roll and financials are PDF or native files?
Yes. An analyst re-underwrites the numbers rather than trusting them — tying the rent roll to the operating statement, testing a vacancy allowance, re-footing totals. A native spreadsheet lets that happen directly; a PDF forces the same work by hand, which slows the read and adds a re-keying error the sponsor did not make. Send both: PDF for the record, native files for the work.
Run it on your own deal.
Borrowers apply free. Brokers run deals free and pay only when a lender Relendi introduced funds the deal — close with a lender from your own book and it is nothing.