Save hours on every deal.
The audit does the page-by-page read of the data room and checks the file against it, in hours instead of analyst-days. Your team starts from cited findings, not from page one.
For institutional CRE teams.
Audit ARGUS files faster.
Keelmark reads the ARGUS export and checks every assumption against the leases, the T-12, and current market data. Each finding carries a citation to the page it came from. Then Keelmark underwrites the deal on top, so you can run sensitivities and send the audited numbers into your firm's own Excel model.
Audit a past deal
A low-risk test on a deal your team already knows the answers to.
Why teams run the audit.
Every assumption in the file, checked and cited. Here is what that buys you.
Catch the expensive miss early.
A termination option sitting in a signed lease. Recoveries set to net when the lease says gross. Found while the deal is being priced, not after close.
Screen faster, decide with confidence.
Quicker first reads on inbound packages, and every number in the memo traces to a document page when committee asks.
From ARGUS file to audit memo.
A short silent walkthrough of the current build.
Three steps, no new workflow.
Send the deal
The ARGUS export and the data room. Leases, amendments, T-12, budget, OM.
Keelmark audits the file
Each assumption is checked against the documents and current market data. Each verdict links to its source. A tie-out flags anything the stated assumptions cannot explain.
Underwrite on top
Run sensitivities on the audited assumptions. Export the memo, the scenario pack, or your firm's template with the numbers filled in.
Nothing gets replaced. ARGUS stays, your Excel template stays, and your team approves every verdict before it lands in the memo.
Change an assumption. Watch the deal react.
Keelmark underwrites on top of the audited assumptions, with real debt. Move renewal probability, market rent, exit cap, or any other audited assumption, and the levered returns move with it. When the story holds, the numbers land in your firm's own Excel model.
A sketch of the sensitivity view. Sample deal, illustrative numbers.
Test it on a deal you already know.
Pick a deal your team closed or passed on. Send the ARGUS export and the data room. Keelmark returns the audit memo. Grade it against what your team found the hard way. If it holds up, we run a live one.
Audit a past deal- 01
Send a dead deal
The ARGUS export and the data room from a deal that is already done.
- 02
Keelmark audits it
Full assumption audit, tie-out, underwriting, and sensitivities. Same as a live deal.
- 03
Grade the memo
You know how that deal actually went. Check the findings against it.
Audit a past deal
Send the first test request.
Fill this out and we will reach out to schedule a short walkthrough and a past-deal audit. We are onboarding a small first group of firms.