Attach the offering memo, the operating statement and the rent roll. CREparser checks every number in the memo against them and shows you exactly where they don’t match.
Watch the videoYour first 5 documents are free, enough for a whole deal. No deal handy? Try the sample offering memo, T12 and rent roll.
Check this OM against the T12 and rent roll.
Four of the OM’s numbers don’t match the documents. The biggest gap is NOI: $452,000 in the memo, $415,931 in the T12.
Each review reads the document, does the arithmetic and shows its work. Here is what they find in the sample documents.
Before the LOI: is the deal as good as the memo and the appraisal say?
Occupancy, rents, NOI, cap rate and expense claims recalculated from the T12 and rent roll, each marked supported, different or not in the documents.
From the sampleBayview Court’s memo claims $452,000 of NOI. Its T12 shows $415,931, a 5.20% cap rate at the asking price, not 5.65%.
Ask: Check this offering memo against the T12 and rent roll.
Each unit checked against its lease: area, rent on the rent roll date, lease end and security deposit, with the clause and the cells side by side.
From the sampleHarborview Tower’s rent roll bills Suite 1200 at $60,175 a month. Its lease stepped up to $61,980.25 on July 1, 2026: $21,663 a year missing from the roll.
Ask: Tie this rent roll out against the leases.
Every total and subtotal re-added, NOI checked month by month, and months that break from the rest of the year flagged.
From the sampleFebruary utilities came to $7,860, about 2.5 times the other months’ average of $3,122, pulling that month’s NOI to the year’s low.
Ask: Check this T12.
Occupancy, rents, income and expenses checked against the T12 and rent roll, and the direct capitalization redone, so you see what the value rests on.
From the sampleBayview Court’s appraiser capitalizes $424,400 of NOI; the T12 shows $415,931. At the same 5.40% cap rate, that supports about $7,700,000, not the $7,900,000 concluded.
Ask: Check this appraisal against the T12 and rent roll.
In diligence: what the tenants certify and what the lender requires.
Each statement compared with the tenant’s lease and rent roll row: rent in force on the certificate’s date, dates, area, share, deposit and options. What only the tenant can state is set apart to follow up.
From the sampleNorthwind Analytics certifies a $120,350 security deposit. Its lease requires $180,525 until July 1, 2028. The tenant also reports $42,000 of its allowance unpaid.
Ask: Check this estoppel against the lease and rent roll.
Rate, maturity, extension options, reserves, covenants and reporting deadlines, each cited to its section, with calculated dates showing their arithmetic.
From the sampleExtension notice is due between Apr 3 and Jun 2, 2028: 120 to 60 days before the Aug 1, 2028 maturity. Extending also needs a debt yield of at least 8.50%.
Ask: Abstract this loan agreement.
Every year after: is each tenant billed what its lease allows?
The tenant’s share recomputed under the lease, with its exclusions, caps, gross-up, base year and fees, and each billed figure compared with it.
From the sampleSuite 1200 is billed $14,881.90 for 2026. Under its lease it owes $11,474.75: the management fee is over 3%, the 5% cap on controllable expenses is missed and the lease allows no admin fee. The balance due is really a $525.25 refund.
Ask: Check this CAM reconciliation against the lease.
Deal Review includes everything in Lease Abstraction: key terms, the rent schedule, critical dates and risk flags for each lease, with amendments applied.
Abstract the leases, then tie the rent roll out against them. Compare up to 10 leases side by side in a portfolio view. See Lease Abstraction.
Sign in with Google the first time and a free account is created, with 5 documents to try. No card needed.
Until it’s listed in Claude’s directory, email us for early access. CREparser Lease Abstraction is in Claude today, with the same account and free documents.
Until it’s listed in the ChatGPT app directory, email us for early access. The same account and free documents will work in both. CREparser Lease Abstraction works in Claude today.
No deal handy? Try the sample documents for two fictional properties, from the offering memo to the CAM reconciliation. Setting it up for a team? Email creparser@superdocs.io.
A document is one file you import. A memo, T12, rent roll and loan agreement make 4, inside the free 5.
$199 a month
30 documents a month: three full deals, or ten screens of memo, T12 and rent roll
$15 each
Bought as you need them
Only abstracting leases? Lease Abstraction Pro is $99 a month for 10 leases. On every plan, a lease counts as one document together with its amendments. Sales tax or VAT is added at checkout where it applies, and payment happens on a secure checkout page, never in the chat.
Need CREparser on your own infrastructure? Deal Review and Lease Abstraction are also available on a dedicated server or in your private cloud. Email creparser@superdocs.io.
Offering memoranda, leases, loan agreements, appraisals, estoppel certificates and CAM reconciliations as PDFs; rent rolls and T12s as PDF, Excel or CSV. Scanned PDFs need text recognition (OCR) first.
No. Deal Review includes everything in Lease Abstraction, so install Deal Review alone.
The figure recalculated from the documents doesn’t match the memo, and the review shows both, the gap and the cells behind it. A memo often states a pro forma figure; whether that’s fair is your call.
Claude, on the web, desktop and mobile apps, in Cowork and in Claude Code, and the review opens right in the conversation. Lease Abstraction is in Claude’s directory; Deal Review is coming soon there. ChatGPT is coming soon: email creparser@superdocs.io for early access.
Documents are deleted 24 hours after you last use them, and only your account can open them. Ask the assistant to delete one sooner at any time. They are never used to train AI models.
No. It’s a reading of your documents with every quote, cell and calculation checked against the source, so you can verify it quickly. Your own underwriting still decides.
5 documents free. Every figure one click from its cells.
CREparser