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Description
Automated underwriting empowers Commercial Real Estate Brokers, as well as CRE investors and lenders, to quickly access projected cash flow information within minutes. This process is essential for assessing the financial risks and potential profitability associated with a property. Thanks to advancements in Artificial Intelligence (AI) and Machine Learning (ML), the tedious tasks of document parsing and calculations that real estate analysts traditionally face are streamlined through automated underwriting solutions. OS/Rent Roll extraction, along with underwriting and workflow automation software, can operate at speeds and cost efficiencies that are ten times better than previous methods. By significantly reducing the hours spent on manually extracting financial data from operating statements, rent rolls, and trailing statements, industry-standard loan models can now be prepared swiftly. Users can conveniently upload various documents in any format, with the assurance that their uploaded files will be securely stored in a personal data vault. The Clik engine processes these documents and extracts vital financial information in mere seconds, boasting an impressive accuracy rate of over 99%. This level of efficiency not only enhances productivity but also empowers users to make informed decisions faster than ever before.
Description
Solsten is a cutting-edge platform that leverages AI to assist mid-market brokers, operators, and syndicators in commercial real estate underwriting, catering to those who have moved beyond Excel but find ARGUS Enterprise unnecessary. Users can create detailed financial models that include multi-property pro formas, comprehensive lease-by-lease rent rolls, varied exit strategies, and intricate investor distribution waterfalls, whether European, American, or hybrid promote, along with advanced modeling for step-up amortization and recoveries related to CAM, NNN, and multifamily RUBS. With Saga, the integrated AI assistant, support is tailored to the specifics of each user’s deal rather than relying on generic conversations. The platform ensures that every assumption is meticulously versioned, every formula is transparent and auditable, and all outputs can be exported seamlessly. While ARGUS Enterprise comes with a hefty price tag ranging from $5,000 to over $15,000 per seat annually, Solsten Professional is offered at a competitive rate of $1,932 per year, which includes access for two editor seats. Additionally, a free tier is available, allowing users to validate the platform's capabilities with one property and one analysis per month without needing a credit card. Designed specifically for independent brokers, acquisition teams, syndication sponsors, and CRE fund managers, Solsten empowers users to streamline their underwriting processes efficiently. As a result, it serves as an invaluable tool for those looking to enhance their real estate investment strategies.
API Access
Has API
API Access
Has API
Screenshots View All
No images available
Integrations
Microsoft Excel
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
$99/month
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Clik Technologies
Founded
2017
Country
Canada
Website
clik.ai/
Vendor Details
Company Name
Nordic Real Estate Services, LLC
Founded
2026
Country
United States
Website
solstencre.com
Product Features
Lease Management
Billing & Invoicing
Commercial Leases
Contact Management
Landlord Database
Lease Classification
Portfolio Management
Property Management
Residential Leases
Retail Leases
Sublease Management
Tenant Database
Loan Origination
Amortization Schedule
Audit Trail
Closing Documents
Compliance Management
Customer Database
Digital Signature
Document Management
Fee Management
Loan Processing
Online Application