NNN retail · Industrial · Office

From the OM to the offer, with every number cited.

Underwriting a deal means reading a hundred-page offering memorandum, typing its numbers into a spreadsheet, and hoping you did not miss the clause that changes the return. FullCycleCRE does the reading, shows you the page behind every figure, and hands you a model you can edit.

Invite-only while we work with a small group of investors and brokers.

What it does

Four steps, in the order you would do them yourself.

Step 1

Upload the OM

The whole PDF goes to the model — layout, tables and scans included. No text-scraping that shuffles a rent roll into the wrong columns.

Step 2

Review every value

Each extracted figure carries the page it came from. Check it, correct it, and know which numbers you have actually verified.

Step 3

Adjust and export

Change your assumptions and watch the returns move. Download an Excel model with live formulas — not a dead PDF summary.

Step 4

Then read the leases

Five due-diligence questions answered per lease, and a list of every place the lease disagrees with the OM.

A number you cannot trace is a number you cannot use.

Anything can produce a rent roll. The question is whether you would sign an offer based on it. Every figure FullCycleCRE extracts links back to the page of the OM it came from, so checking the work takes seconds instead of a re-read.

The leases matter just as much. A CAM cap buried in an amendment, an exclusive that blocks your next tenant, an option to renew at a rent set years ago — these do not appear in the marketing package. They are the difference between the return you modelled and the one you get.

What you get back

Rent roll, expenses and income, each with a page citation
A live Excel model with working formulas, not a static export
Five due-diligence answers per lease
Every place a lease contradicts the offering memorandum

Who is behind it

FullCycleCRE is built by Peak to Peak Equity, a commercial real estate investment firm in Danville, California, focused on acquiring and operating industrial and retail properties.

Peak to Peak invests in stable income-producing assets and in opportunities where strategic leasing, operational improvements and active asset management can create additional value — pairing that hands-on experience with technology, data analytics and AI to source deals, sharpen underwriting and improve portfolio operations.

This tool exists because we needed it ourselves. It is built on real offering memoranda and real leases, by people who have to live with the model afterwards.

Get in touch

Access is invite-only for now. If you underwrite retail or industrial deals and want to try it on your own OM, send a note.

Request access Peak to Peak Equity on LinkedIn →