CREagentic is an AI-powered platform for commercial real estate built around The Analyst — a conversational AI employee that handles deal underwriting end-to-end: valuation, BOVs, waterfalls, dispositions, IC memos. You can also access individual analysis tools directly — rent roll parsing, T-12 parsing, environmental report analysis, and more — as power-user deep-links from the dashboard.

How does CREagentic compare to leading analysis software?

CREagentic provides transparent DCF valuation plus The Analyst — chat-driven rather than menu-driven. Individual analysis tools (lease abstraction, LOI redlining, CAM reconciliation, rent roll parsing, T-12 parsing, and more) are accessible directly or through The Analyst's workspace. CREagentic starts free with no implementation fees.

Property managers, asset managers, CRE brokers, accountants, and acquisition teams at REITs, private equity firms, and property management companies use CREagentic.

Yes. The free demo includes 10 one-time AI credits with no credit card required. Paid plans include monthly AI credits; complex documents use more credits. Advanced features like PDF/Excel exports and scenario analysis require a paid plan.

What is AI lease abstraction?

AI lease abstraction uses artificial intelligence to extract structured data from commercial lease documents in a fraction of the time manual review takes. CREagentic extracts 200+ fields including rent schedules, CAM provisions, options, and critical dates.

What is CAM reconciliation?

CAM reconciliation is the annual process of comparing actual common area maintenance expenses to the monthly estimates collected from tenants, resulting in either an additional charge or a credit for each tenant.

Special Servicing Is at a 13-Year High. Delinquency Is Flat. Both Are Right.

August's two numbers

The CMBS delinquency rate fell one basis point to 7.85% in August, even as lodging, retail, office and industrial each ticked up. Multifamily was flat at 7.69% and was one of only two sectors whose special servicing rate improved. The overall special servicing rate rose 33 basis points to 11.42%, the highest since February 2013. Just over $47.4 billion of loans are more than 30 days late, and office accounts for 42% of that balance.

Reading the divergence

Delinquency counts loans that have missed payments. Special servicing counts loans that have been handed to a workout desk, whether or not they have missed a payment. When the second rises while the first is flat, borrowers are asking for help before they default. That is what an imminent-default notice does, and it is what a sophisticated borrower does when a maturity is coming and the refinancing is not.

Trepp's own comment was that peak delinquency may already be behind us, with resolved loans being replaced by new problem loans at about the same rate. That is a plateau, not a recovery. The workout pile is being processed and refilled at the same time.

What 11.42% means for the servicers, and for you

A special servicer's staff did not grow by a third this year. Their pile did. Every borrower in that pile is competing for the same asset managers' time, and the asset managers are prioritizing by loan size and by how complete the file is. This is the fourth time this year we have written some version of the same advice, because the data keeps confirming it: the borrower with the abstracted leases, the reconciled rent roll and the one-page proposal gets the extension. The borrower who sends a box of PDFs gets an appraisal and a fee bill.

The office share

Office at 42% of delinquent balance is down from over half at the start of the year. That is partly resolution and partly multifamily and lodging catching up. It does not mean office distress is easing. It means the other sectors have joined it. Distress in 2026 is broad and slow rather than deep and fast, which is easier on the system and harder on any individual borrower, because there is no crisis-era program coming to help.

What comes next

The fourth-quarter office maturity calendar hits the workout desks in October. If the special servicing rate is at a 13-year high in August, it will set a new one in November. For borrowers that means the queue gets longer. For buyers it means the note sales and foreclosure listings that have been a trickle become a steady flow in the first quarter of 2027. Position for both.

Answer the servicer's request the same day

A special servicer's first request is a list: operating statements, rent roll, leases, abstracts, estoppels, capital plan, budget. The borrower who answers in a day gets an asset manager's attention. The borrower who answers in three weeks, with a box of PDFs and a rent roll that does not tie, goes to the back of a queue that is at a 13-year high.

The difference is whether the documents were ever processed. Owners who abstracted their leases and reconciled their rent rolls as a matter of routine, with tools that do it in hours rather than weeks, have the package ready before the loan defaults. The savings are the workout fee avoided when the extension is granted on the first proposal, the default interest that does not accrue during a three-month document hunt, and the errors caught before the servicer's appraiser finds them. In a year when the workout desks are full, the borrower with the clean file is the borrower who gets the deal.