U-Rite

U-Rite, offered by U-Rite Technologies Inc., is a commercial real estate underwriting platform designed to streamline the underwriting process, provide financial analysis, and facilitate collaboration for professionals in the commercial real estate industry. According to the vendor, U-Rite caters to companies of all sizes involved in commercial real estate investments, development, brokerage, and related activities. Professionals such as real estate investors, developers, brokers, asset managers, and financial analysts in the commercial real estate industry can potentially benefit from the features and services provided by U-Rite.

Key Features

On-Demand Underwriting Platform: According to the vendor, U-Rite offers an on-demand platform for commercial real estate underwriting services. It provides access to industry experts and a cash flow projection tool, potentially streamlining workflow and enabling informed investment decisions.

Cloud Technology: Powered by Microsoft Azure®, U-Rite's platform utilizes cloud technology. The vendor claims that it seamlessly syncs with Excel workbooks, allowing users to create and audit information easily. Users can potentially modify assumptions directly in their models, with results calculated in the cloud and dynamically appearing in Excel.

U-Rite Plus Experts: U-Rite offers the U-Rite Plus service, which provides users with access to a team of experts with over 20 years of collective industry experience. According to the vendor, these professionals have underwritten deals worth over $17 billion, potentially offering reliable assistance with underwriting and deal evaluation.

ARGUS Compatibility: According to the vendor, U-Rite is an alternative to traditional ARGUS software for commercial real estate underwriting. It fully integrates with Microsoft Excel, combining Excel's modeling flexibility with ARGUS's detailed tenant and cash flow projections. Users can potentially avoid switching between platforms and keep their cash flow projections within Excel.

Collaboration and Version Control: U-Rite enables collaboration through its U-Rite Plus Experts service. Users can potentially share models, access experts, communicate with teammates, monitor deals, and advance projects within a single platform. The software also offers enhanced version control, allowing users to easily manage and track different versions of their models.

Efficiency and Time Savings: According to the vendor, U-Rite's on-demand service is designed to streamline the underwriting process and save time. Users can potentially avoid delays caused by manual processes and bureaucratic bottlenecks. The platform leverages advanced technology to handle multiple deals simultaneously, ensuring responsiveness to time-sensitive opportunities.

Transparent Calculation and Auditing: U-Rite aims to provide clear calculation transparency. According to the vendor, assumptions and supporting calculations are automatically populated, making it potentially easier to audit models. Users can potentially see the calculations from which their cash flow projections are derived.

Standardization and Accuracy: U-Rite promotes underwriting standardization with uniform methodologies. According to the vendor, this allows for accurate risk assessments and well-informed decision-making. The platform's team of experts reportedly conducts peer and expert reviews for every model to ensure quality and accuracy.