Every shop has a memo format the committee trusts — and an analyst rebuilding it by hand for every deal. IRR copied from one tab, DSCR from another, the comp table pasted as a screenshot, version nine reconciled against version eleven the night before committee. Playgrounds turns that grind into an app: describe the format once, connect the underwriting, and every deal after that generates a committee-ready draft in minutes — with each number pulled from the model, not retyped into it.
How It Works
Sections, order, and emphasis: deal summary up front, sources and uses, returns with sensitivities, risks and mitigants, comps in the appendix. Playgrounds builds a generator around what belongs in an IC memo at your shop — not around a generic deal-summary template.
Upload the model workbook, or point the app at the deal where it already lives — if you underwrite in a Playgrounds underwriting app, the memo reads straight from it. Returns, debt metrics, and assumptions flow in as data, so a Tuesday change to the debt quote shows up in Wednesday's draft.
Get a full draft in minutes, then edit in plain English — tighten the market section, add the downside case, swap a comp. Export it in the format your committee reads, and keep the app for the next deal: the format is already built.
What You Can Build
- A full memo generator — the complete committee package assembled from live underwriting outputs, in your format, deal after deal.
- A one-page deal snapshot — the pipeline-meeting version: price, returns, basis per unit, and status, refreshed before every Monday call.
- A risk register — risks and mitigants that carry forward from screening to closing, so the memo's risk section is maintained, not reinvented.
- A comps exhibit builder — rent and sale comps formatted into clean exhibits, updated when new comps land instead of the night before.
- A decision log — what the committee approved, at what basis, with what conditions — searchable years later when the asset comes back for a sell / hold decision.
Why Generic AI Falls Short Here
Generic AI writes a memo that reads well and ties to nothing. Ask ChatGPT or Claude for an IC memo and you'll get fluent prose around numbers you typed in by hand — which means every figure can drift from the model, and next deal you start from a blank chat, explaining your format again. Playgrounds starts from a CRE framework that already knows what a committee expects to see, and the generator you build is a standing app: connected to the underwriting, consistent across deals, and shared by the whole team.
Frequently Asked Questions
Will the memo match our committee's format?
Yes. Describe the sections and order your committee expects, or upload a past memo as the reference, and Playgrounds builds the generator around it. The format persists in the app, so the deals after the first come out the same way.
Where do the numbers in the memo come from?
From the underwriting itself. Connect the model — a spreadsheet upload or a Playgrounds underwriting app — and the memo pulls returns, debt metrics, and assumptions directly from it. Nothing is retyped, so the memo doesn't drift from the model.
Can I edit the draft before it goes to committee?
Yes. Refine it in plain English — tighten the market section, add a downside scenario, move comps to the appendix — or export the draft and finish it wherever your team edits documents.
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. Connect the model and have a draft in minutes.
Build it free → See pricing