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.

Your Loan Just Went to Special Servicing. Here Is What Actually Happens.

May's numbers, and the part under them

The Trepp CMBS delinquency rate rose one basis point in May to 7.55%. Office delinquency fell 16 basis points to 11.53%. Multifamily delinquency dropped 76 basis points to 6.95%, the largest improvement of any sector. The overall special servicing rate fell 51 basis points to 10.86% because one large office loan went back to its master servicer.

Under those numbers, Trepp's monthly report noted a steady flow of mid-sized office loans entering special servicing, along with multifamily portfolios, industrial assets and a few hotels. The distress is spread out and it is moving down-market. The $25 million to $75 million loan on a decent suburban office building is now the typical transfer, and most of those borrowers have never been through one.

What triggers a transfer

A loan moves from the master servicer to the special servicer on a payment default of 60 days, on a maturity default, or on an "imminent default" notice, which the borrower usually sends when it can see the maturity coming and cannot refinance. Sending that notice early is not an admission of failure. It is the only way to get the servicer's attention before the maturity date, because master servicers are not allowed to negotiate modifications.

What the special servicer wants from you

Everything, and quickly. Expect a request for three years of operating statements, a current rent roll, every lease and amendment, the tenant estoppels if you have them, an argus or equivalent cash flow model, a capital plan, and a proposal. The proposal is the part that matters. A borrower who arrives with a specific ask, such as a 24-month extension with a $2 million paydown and a cash management agreement, gets a counter within weeks. A borrower who arrives asking "what are my options" gets an appraisal ordered and a fee bill.

Fees are real. The special servicer charges a workout fee, typically 1% of the loan balance, plus a monthly special servicing fee, and the borrower pays both. On a $40 million loan that is $400,000 before any modification. Factor that into whether the workout is worth more than a sale.

Have your documents in order before the call

The tools that make this possible are the ones that read the leases and reconcile the rent roll to them in hours rather than weeks, with each figure linked to its source page. They also catch what a manual review misses: the amendment that moved a rent step, the option that was exercised by email and never recorded, the tenant billed at last year's CAM estimate. Each of those is either NOI the borrower was not showing or a surprise the servicer's appraiser would have found. Finding them first is worth points on the modification.

The single biggest delay in workouts is the borrower's own lease file. A servicer asks for lease abstracts and gets 40 PDFs with three amendments each and no summary. Weeks pass. Meanwhile default interest accrues at an extra 4% to 5%. If you own a building with a 2026 or 2027 maturity, abstract the leases now, reconcile the rent roll to them, and keep the estoppels from your last financing. When the servicer asks, you answer in a day. That is the difference between a modification at 6.5% and a foreclosure sale at 60 cents on the dollar.

The multifamily improvement is real, and fragile

The 76 basis point drop in multifamily delinquency came from resolutions, not from rent growth. Several large portfolios were sold or modified. Expect the number to bounce back up as 2021-vintage bridge loans hit their maturities this summer. If your apartment loan matures in the next year and the property's NOI does not cover debt service at 6.5% with 1.25x coverage, you are the next transfer. Start the conversation now.