Nophin - Cresa, AI Analyst for CRE Deal Screening

Tl;dr
Today, to screen a multifamily deal, acquisition teams manually import rent rolls and operating statements and conduct market research for comps before running assumptions to see if a deal fits their criteria; Cresa automates the entire process. Cresa is a fine-tuned multimodal Agent that handles key workflows for acquisition teams 24/7 so they can focus on high-potential investments. Cresa can screen deals using your preferred acquisition model, analyze deal documents, conduct market research, and generate comprehensive reports. Try Cresa’s Rent Comp Research — no signup or prior experience is needed.

https://www.youtube.com/watch?v=1vPVEDKdekU&ab_channel=NophinAI

Team
We're Kwadwo and Weeks, a technical team of second-time YC founders and CRE investors on a mission to revolutionize commercial real estate investing. Having experienced the inefficiencies in CRE investing firsthand, we previously built an end-to-end underwriting solution. There, we uncovered a major pain point for investors: the top-of-the-funnel bottleneck of screening deals, where they waste time reviewing countless deals that don’t match their buying criteria.

Problem
Acquisition teams are bogged down by the manual tasks required to screen deals, from analyzing deal documents to conducting time-consuming comp research before testing assumptions in an Excel model. A thorough diligence process takes an average of two hours. The workflow is highly manual, yet each deal is unique, preventing easily scaled processes. These inefficiencies lead to missed opportunities and slowed decision-making, making it difficult to focus on high-potential opportunities.

Solution

Cresa is an AI Screening Analyst that automates multifamily deal screening and diligence processes. Cresa is the first fine-tuned multimodal CRE Agent that handles key workflows for acquisition teams 24/7 so they can focus on high-potential opportunities. Cresa can screen deals using your preferred acquisition model, analyze documents, conduct market research, generate comprehensive reports, and send emails.

Cresa In Action

https://www.youtube.com/watch?v=qR4CZ4x0iVk&ab_channel=NophinAI

Key Highlights

1. Specify your investment criteria, and Cresa will automatically screen and filter deals using your acquisition model — each time.
2. Cresa can analyze and summarize deal documents like rent rolls, T-12s, OMs, and more and answer complex questions.
3. Sync real-time data to your acquisition models and download the analysis in Excel.
4. Run dynamic scenarios within your acquisition model.
5. Ask Cresa to conduct real-time market research from web sources and email you or anyone on your team a comprehensive summary.
6. Cresa can help generate investment memos using analyzed financials and market research, summarizing key takeaways for stakeholders.

Our Ask

• Connect us to acquisition teams focused on multifamily assets.
• Try Cresa’s Rent Comp Research — No prior experience is needed. Please give us feedback at founders@nophin.com
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