From borrower packages to commitment letters, real estate lending demands flawless documents at every stage. Stepscale drafts and reviews your OMs, term sheets, and commitment letters — saving days of manual work and catching errors before they slow down a deal.
Borrower Package
12 files · Uploaded today
DD Review
3 red flags found
Term Sheet
Reviewed · 0 issues
Commitment Letter
Draft ready for review
How It Works
Three steps to streamline every deal.
Drop your borrower package, appraisals, rent rolls, and financials into project files. Stepscale indexes everything automatically.
AI drafts term sheets, OMs, and commitment letters from your deal data — then reviews everything for errors, gaps, and compliance issues.
Documents go out clean and on time. What used to take days of manual drafting and checking now takes minutes.
Due Diligence
Drop the borrower package into project files and Stepscale cross-references every document — appraisals, environmental reports, rent rolls, title searches, and financials. Inconsistencies between documents are flagged instantly so your underwriting team focuses on deal judgment, not document chasing.
NOI inconsistency
NOI on page 3 ($2.4M) conflicts with rent roll total ($2.1M). Variance of $300K needs reconciliation before credit committee.
Insurance coverage gap
Property insurance expires 4 months before loan maturity. Renewal confirmation required.
Financial Summary
NOI, cap rate, and valuation figures
Clean
Rent Roll & Occupancy
Unit mix, vacancy, and lease terms
1 issue
Sponsor & Guarantor Info
Background, net worth, and liquidity
Clean
For Brokers
Brokers need OMs and CIMs that build lender confidence. Stepscale drafts offering memorandums from your deal data and reviews them for consistency between the financial summary, rent roll, and property details — catching errors before the package goes out.
For Lenders
Lenders spend days manually drafting term sheets and commitment letters. Stepscale drafts them from your underwriting model, then reviews for internal consistency, flags missing covenants, and cross-checks key terms — so nothing changes between what was agreed and what gets signed.
LTV exceeds policy
Loan amount ($18.5M) implies 79.7% LTV against appraised value ($23.2M). Policy maximum is 75%.
DSCR covenant mismatch
Term sheet covenant (1.20x) is lower than underwriting model assumption (1.25x). Confirm with credit committee.
Inbox Alerts
Borrower sent updated rent roll
From: J. Martinez · 2 hours ago
Appraisal report due tomorrow
DD checklist item · 245 King St W
Meeting Notes — Credit Committee
Stay on Top of Every Deal
Stepscale monitors your inbox for borrower and lender communications, flags new documents and deadlines, and turns meeting notes into actionable DD checklists — so nothing falls through the cracks between calls and closings.
Features
From first draft to final closing, Stepscale covers the full lending lifecycle.
Drop the full borrower package into a deal folder. Appraisals, rent rolls, financials, and environmental reports — all indexed and ready for drafting and review.
Draft and review any lending document. AI generates documents from your deal data, then reviews everything with findings ranked by severity.
Draft and review commitment letters that match approved terms exactly. Every number, covenant, and condition verified before it goes out.
Get notified when borrowers send updated documents, lenders request items, or deadlines are approaching — all in one place.
Automatically capture action items from credit committee calls, site visits, and borrower meetings. Turn notes into DD checklists.
Track every due diligence item across the deal. Auto-generated from reviews and meetings, updated as documents come in.
Start a free trial and see how Stepscale helps your team close deals faster with fewer errors. No credit card required.
3x
Faster underwriting cycles
~90%
Fewer errors at closing
100%
DD items tracked
Auto
Meeting action items
Other Use Cases