Type what you need the way you'd say it to an analyst — "underwrite this 140-unit multifamily deal from the T-12 and rent roll, five-year hold, sensitivity on exit cap" — and Playgrounds builds a real, working underwriting app. Not a template. Not a mockup. An app with its own database behind it, connected to your deal data, that your whole team can open and use the same day.
How It Works
Say what you're underwriting and how you think about it: hold period, financing assumptions, the outputs your committee expects. Playgrounds builds the inputs, calculations, and dashboard around your process — not someone else's.
Upload the T-12 and rent roll, or connect the spreadsheets, databases, and property systems where your numbers already live. Everything syncs into one data layer, so the model works from live figures instead of a copy that goes stale.
Review cash flows, IRR, equity multiple, and DSCR; flip scenarios; export an IC-ready summary. AI agents refresh statements and comps on schedule and flag anything unusual, so the model still holds up when you come back to it.
What You Can Build
- A full deal model — cash flows, returns, and sensitivity tables on exit cap, rent growth, and interest rates, rebuilt from live data instead of once per quarter.
- A pipeline screener — paste in the offering numbers and rank new deals against your buy box before anyone opens Excel.
- A lender package generator — assemble the T-12, rent roll summary, and debt metrics into a clean package in one step.
- A refinance-versus-sale comparison — one view of both paths, updated as rates and NOI move.
- A portfolio roll-up — every asset's underwriting in one dashboard, so re-forecasting doesn't mean reopening forty workbooks.
Why Generic AI Falls Short Here
Generic AI doesn't know a T-12 from a T-bill. This one does. Ask a general-purpose chatbot to underwrite a deal and you start from zero — explaining what a rent roll is, which line items matter, how your committee reads a sensitivity table. And when the chat ends, nothing persists. Playgrounds starts from a CRE framework that already understands the documents and the workflow, and what you build becomes a real app your team shares and improves — not a one-off answer.
Frequently Asked Questions
Do I need to know how to code?
No. You describe the model the way you'd brief an analyst, and Playgrounds builds the app — inputs, assumptions, and outputs. Refinements are plain English too. When you're ready to connect core company systems, your IT team stays in control of what connects and how.
Can it work from our existing Excel models and statements?
Yes. Upload the workbooks you already use — T-12s, rent rolls, budget files — and Playgrounds reads them into the app's own database. Your assumptions carry over; the difference is the result is a shared tool, not another copy of a spreadsheet.
What outputs does an underwriting app produce?
Whatever your process needs — most teams start with cash flows, IRR, equity multiple, and DSCR, plus sensitivity tables on exit cap and rent growth, scenario toggles, and an IC-ready summary you can export.
Is our deal data used to train AI?
No. AI features run under enterprise terms that prohibit training on your inputs. Every record is tenant-scoped, encrypted in transit and at rest, and stays yours.
Free to start, no credit card. Describe the deal and have a working model in minutes.
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