For lenders, and the brokers who bring them deals
The conviction to fund more.
Agents build the credit file. Every figure names its page.
Underwriting runs on judgment. The work around it now runs itself.
It arrives as an email. It leaves as a file.
Every document is read, tied to its loan, and worked. When one moves a number, the file says which one, and when.
Transaction · Bridge acquisition
Carroll Gardens Portfolio
Renaissance is acquiring three adjacent Carroll Gardens walk-ups: 55 residential units and 2 retail bays, for $63,400,000. It is renovating the 43 free-market units on a $5,280,000 budget and re-letting at market. Exit is an institutional sale in month 16; an agency refinance with a $4,000,000 paydown is the fallback.
9 of 11 exits profitable, 6 bridge loans repaid, two of them ours.
65% of as-is value, with $38,180,000 of equity ahead of us.
Basis of $1,205,000 a unit against comps at $1,340,000.
Interest is carried in reserve for the full 18 months.
Net worth is self-reported. The personal financial statement is unverified.
$4,200,000 of the equity has no documented source.
The general contractor is a sponsor affiliate on a $5,280,000 contract.
In-place coverage is 0.71×; 43 of 55 apartments are still turning.
The sponsor
Renaissance has taken 11 Brooklyn walk-up conversions full cycle since 2011, 9 of them profitable, and has repaid 6 bridge loans including two of ours. The two losses were 2020 vintages sold into the eviction moratorium. What is not evidenced is the balance sheet behind the guarantee.
1180 Fulton Street · bridge request, 3 buildings
From the first email to the final repayment.
Underwriting is the middle of the loan, not the whole of it.
Intake
Every document that arrives is read and filed to its loan. The chasing list writes itself.
Closing
Twenty open items per loan, tracked to the utilisation notice. Everyone sees what is still waiting.
Monitoring
Conditions subsequent, the management information, the renewal, the investor statement. The loan does not stop at funded, and neither does the file.
Audits
The answer is filed before the question comes.
Every asset class. The same file.
The deal changes. The chasing, the tying and the proving do not.
When the audit asks, the file answers.
Nothing had to be collected back from inboxes, drives, or whoever still remembers.
THE FILE · 14 DOCUMENTS
Sources
Every dotted value in the file traces to one of these. The citation count is how many facts each document is currently carrying.
Carroll Gardens Portfolio — 2025 file review
THE FILE · 14 DOCUMENTS
Sources
Every dotted value in the file traces to one of these. The citation count is how many facts each document is currently carrying.
Nothing to migrate. Nowhere new to work.
Precurion reads from where the work already lives and writes back to the system you answer to, fitted to your credit box, your criteria and your mandates.
And it stays yours.
One stated home for your data, in a region you name, and it comes out whole when you ask for it.
Every lender will have the tools. Not every lender will have the file.
The account of how your house decides is how it gets better at its own lending.
A loan gets written when knowing costs less than the loan earns.
Aleksander Rendtslev
Founder & CEO
Every hour it takes to assess a loan sets a floor under which lending stops being worth doing. That floor is why a good business with an unglamorous balance sheet gets a no, and why a $200,000 facility never gets written at all.
AI is dropping that floor. It collapses the cost of information. It does not collapse the cost of being responsible for it, and it should not: someone still signs their name. What changes is how many businesses are worth the work of understanding.
The facility nobody would write.
More deals, held to the standard you already keep.
Thirty minutes on a live file, every figure naming its page as it happens. No deck, nothing to install, and nothing sent that a person did not send.