Screen and size CRE debt deals against your own credit box.

Fynch reads the OM, rent roll, and T-12, tests the deal against your limits, and returns a screening memo in under 20 minutes. When a deal moves forward, it drafts the first credit memo for your analyst to edit. Every number links to the page it came from.

Send us a past deal Book a demo

Free screening memo on a deal you closed or passed on, back the same business day. We sign your NDA. See the sample memo below.

Built for every kind of CRE lender: debt funds, bridge lenders, banks, credit unions, life companies, CMBS lenders, and private credit funds.

What a screening memo looks like.

The broker asked for 70% LTV at 1.61x. Fynch re-underwrote the income, tested it against a sample credit box, and sized the loan to the limit that binds. Each figure carries its source.

Screening memo

The Meridian at Bethesda

310-unit Class A multifamily in Bethesda, MD. $68.25M senior acquisition loan.

Sample deal

Decision: Pass at $65.0M

The $68.25M request breaks the sample credit box at 70% LTV. Sized to the 65% LTV limit, the loan clears every test.

Credit box tests

Requested terms versus the loan sized to the sample credit box
Metric	Requested	Sized	Sample box
Loan amount	$68.25M Fail OM p.4	$65.0M Pass	Sized to box
LTV	70.0% Fail OM p.4	65.0% Binding	Max 65%
DSCR	1.61x Pass OM p.4	1.34x Pass	Min 1.25x
Debt yield	11.9% Pass OM p.4	11.7% Pass	Min 9.0%

Requested figures are as stated in the OM: LTV on the $97.5M purchase price and DSCR on interest-only payments. Sized figures use the lender case: lender NOI and a 65% LTV limit on the $100.0M appraised value, which applies once interest-only ends.

Broker vs. T-12 reconciliation

Net operating income by source
T-12 actual NOI T-12 operating statement	$8,212,050
Broker underwritten NOI OM p.4	$8,103,283
Lender NOI used for sizing Lender case: 6.1% under broker, 7.3% under T-12	$7,608,802

Flags for the analyst

Coverage after interest-only ends The broker's own model shows 1.19x amortizing DSCR from year 3.OM p.5
Occupancy cushion Break-even occupancy of 71.3% against 94.8% physical occupancy.OM p.4

Sample deal built from a synthetic loan package. Not a real borrower, property sale, or credit decision. Credit box limits shown are a sample configuration. Yours are set per lender.

Get this memo on one of your deals Send a past deal. Memo back the same business day.

Your team spreads every deal before it knows if the deal fits the box.

Sizing is the first real analysis on a deal, and it decides whether you quote. It runs on a broker package and source documents that often tell different stories.

Spreading every package by hand

Each OM, rent roll, and T-12 arrives in a different layout. Someone retypes it into your model before anyone knows if the deal fits.
The broker's numbers are not your numbers

The pro forma tells the story the sponsor wants. Your loan should size off in-place income and your own haircuts, and the gap is where the risk sits.
AI answers you can't check

A chatbot summary without page references is one more thing to verify. Credit work needs every figure tied back to the document it came from.

From broker package to credit memo in four steps.

Fynch produces analysis for your credit team. It does not make credit decisions. Your analysts review, edit, and sign off on every output.

Upload

Drop in the OM, rent roll, and T-12. Add the appraisal, Phase I, PCR, and guarantor financials as they arrive. Fynch structures each document and keeps the page reference for every figure.
Screen against your credit box

Set your limits once: max LTV, min DSCR, min debt yield, occupancy, and the haircuts you apply to broker income. Fynch tests the request against each one and flags what fails.
Underwrite

Fynch reconciles the broker pro forma to the T-12 and rent roll, builds the lender case, and sizes the loan to the limit that binds. Your analyst reviews and edits every number.
Memo

Get a screening memo with pass and fail flags. When a deal moves forward, Fynch drafts the first credit memo from the same reviewed numbers for your team to edit.

Send us a deal you already closed. Compare our memo with yours.

Pick a deal your team closed or passed on.
Email the OM, rent roll, and T-12, plus your key limits: max LTV, min DSCR, min debt yield.
Get the screening memo back the same business day, at no cost, and compare it with what your team concluded.

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