Closed alpha · 2026
Mid-market CRE

Agentic deal teams for the operators institutional platforms overlook.

Cornice orchestrates specialized agents that handle rent rolls, T12s, OMs, comp pulls, and covenant checks as one connected workflow — so one analyst can push a $20M–$200M deal from inbox to IC memo in days instead of weeks.

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PipelineRunning
IntakeStage 01UnderwriteStage 02DiligenceStage 03CompsStage 04IC memoStage 05

5

Stages

12+

Artifacts

4d

Median cycle

Five-stage Cornice pipeline: Intake, Underwrite, Diligence, Comps, IC memo.

$498B

CRE refi + origination wave, 2025–2026

$20M–$200M

Deal band — mid-market operators

Days, not weeks

Inbox → IC memo turnaround

One analyst

One queue, one deal thread

The platform

Not another doc parser. A workflow.

Each agent owns a discrete step of the deal. The orchestrator holds the thread, surfaces exceptions, and hands the next stage a clean handoff.

Orchestrated, not point tools
Parsing and underwriting have been solved in isolation. Cornice is the workflow layer that connects them — one analyst, one queue, one deal thread end-to-end.
Tuned for $20M–$200M
Institutional platforms optimize for trophy assets and enterprise desks. The mid-market operator — boutique brokerage, sponsor, family office — is who we built for. Deal-size-band assumptions are baked in.
Agents with audit trails
Every figure in a memo traces back to a source page, a normalized assumption, or a comp observation. You can defend the number when the committee asks.

Throughput is the moat.

The boutique operator who closes the next refi first wins the mandate. Cornice is what gets the memo to the IC before the wave does.

See the workflow →

The workflow

Five stages. One queue. No re-keying.

Each agent reads from the same deal thread. Findings surface as exceptions before they become errors in the memo.

  1. Stage 01

    Intake

    OMs, rent rolls, T12s, term sheets

  2. Stage 02

    Underwrite

    NOI, cap rate, debt yield, DSCR

  3. Stage 03

    Diligence

    Covenants, exceptions, title, env

  4. Stage 04

    Comps

    Pull & normalize sale + lease comps

  5. Stage 05Ship

    IC memo

    Synthesize to committee-ready prose

What you ship

Artifacts your analyst already knows how to defend.

No exotic filings. The same five artifacts every IC committee expects — produced with full audit trails and the assumptions spelled out.

Rent roll & lease abstracts
Tenant, rent, escalations, recoveries, free rent, options — flagged by exception.
T12 / P&L normalization
Non-recurring items pulled out, market-derived vacancy baked in, line-item audit trail.
Mortgage & covenant check
Loan terms matched to lender package; LTV, DSCR, debt yield, prepayment modeled side-by-side.
Sale & lease comps
CoStar/CRE-MLS pulls filtered to submarket + asset class, $/SF, cap, occupancy reconciled.
Investment-committee memo
Executive summary, deal thesis, risk register, base/up/down returns — draft your IC actually reads.

Why now

The 2025–2026 refi wave rewards throughput.

A wall of 2022-vintage loans is coming due. The platforms that win origination this cycle are the ones whose analysts can push thirty deals a month through underwriting — not the ones whose analysts are re-typing rent rolls into a spreadsheet.

Boutique brokerages, sponsors, and family offices can't yet afford an in-house team of five. Cornice is the substitute — turn the one analyst you have into that team.

Closed alpha

Bring your next refi.

We're onboarding boutique brokerages, sponsors, and family offices with deals in the $20M–$200M band. Send the deal, the deadline, and your team's biggest bottleneck — we'll show you what the pipeline looks like on real papers.

Email cornicecre@polsia.app

Or copy the address: cornicecre@polsia.app