Solutions / Due Diligence

Accelerate Lease Due Diligence With AI.

Verified lease data shrinks acquisition, disposition, and refinancing reviews from weeks to days — every lease abstracted, every amendment reconciled, every risk surfaced before LOI.

Hours → MinPer-lease abstraction time
100%Of the portfolio reviewed, not the top 10%
1 sourceOf truth across base lease + amendments

What breaks today

Diligence Timelines Don't Wait For Manual Review.

Deal teams either short-cut the lease review or blow past the closing date. Both options cost money on the other side of close.

Abstraction trails the model

Financial modeling moves on assumptions while abstraction catches up — by the time the lease summary lands, the price is committed.

Amendments surface late

Side letters and amendments are found mid-close, after pricing is locked. The result: surprise reductions, renegotiations, or eaten margin.

Rent roll vs lease drift

Discrepancies between the rent roll and the actual lease terms hit the QofE rather than diligence — when they should hit pricing.

Exception lists vary by reviewer

Each analyst, attorney, and broker pulls a different list. There's no single defensible exception report at the end of diligence.

Diligence pack

Project Northwind · 47 leases · Closing in 30 days

On track
Portfolio abstraction32 / 47 leases

Anchor Tenant — Suite 100

Abstracted · 0 flags

Restoration Outfitters — Suite 210

Rent roll mismatch · ~$14.2K impact

Northbound Co. — Suite 305

Amendment 2 missing from data room

In-Line Tenant — Suite 412

In multi-pass review

Exception summary

Flagged6
Pricing impact~$182K

Ready to export · PDF · Excel

Built for the deadline

Diligence That Closes On Schedule.

Manual abstraction can't keep up with a 60-day deal clock. Specdra abstracts every lease in minutes, reconciles amendments across the portfolio, and surfaces exceptions before pricing locks.

  • Every lease abstracted in minutes, not weeks
  • Exceptions flagged with pricing impact attached
  • Abstraction reports + exception lists, exported as PDF and Excel

So your team spends the deadline negotiating — not reading.

How Specdra fits

From Data Room To Decision-Ready In One Pass.

Specdra runs the abstraction, the reconciliation, and the risk review in parallel — so the deal team has decision-ready lease intelligence in days, not weeks.

  1. 01

    Drop the data room

    Upload every lease, amendment, side letter, exhibit, guaranty, and estoppel. Scans included.

  2. 02

    150+ fields extracted per lease

    Every value comes with a page citation, source quote, and confidence rating — verifiable in one click.

  3. 03

    Amendments reconciled

    Base leases and amendments collapse into a single source of truth per tenant — the version the deal team actually needs.

  4. 04

    Risk engine flags the deal-movers

    Missing exhibits, conflicting terms, rent roll gaps, expiring LOCs, hidden caps — surfaced with severity and source.

  5. 05

    Export to PDF or Excel

    Abstraction reports, exception lists, and citation-backed data — exported as polished PDF and Excel, formatted for review and distribution.

  6. 06

    Ask follow-ups in plain English

    AI lease chat answers questions across the entire data room — every answer cites the source clause.

Specdra's diligence checklist

What You Walk Away With.

A complete diligence pack assembled from the data room — every artifact your deal team, counsel, and lender expect on their desk before close.

  • Document audit

  • AI lease abstraction

  • Amendment reconciliation

  • Critical-date report

  • Rent roll reconciliation

  • Risk findings report

  • Exception list

What gets extracted

The Terms That Move The Price.

Diligence-grade extraction across the clauses that drive pricing, risk, and closing certainty.

Economics

  • Base rent & escalation schedules
  • Free rent & abatements
  • Percentage rent triggers
  • TI allowance & work letters
  • Operating expense / CAM caps
  • Gross-up, base year, and reconciliation

Rights & options

  • Renewal options & notice windows
  • Termination & kick-out rights
  • Expansion / contraction rights
  • Right of first offer / refusal
  • Co-tenancy & continuous operation
  • Use restrictions & exclusives

Security & exposure

  • Guaranty form, scope & expiry
  • Letters of credit & cash deposits
  • Assignment & change-of-control
  • Sublease consent standards
  • Holdover provisions & remedies
  • Estoppel & SNDA requirements

Risk findings

The Issues That Re-Trade A Deal.

Specdra's risk engine groups findings by severity and category — so reviewers see the price-impacting items first.

  • Rent roll mismatches

    Specdra reconciles your rent roll against the executed lease and flags every gap, with estimated valuation impact.

  • Missing or unsigned exhibits

    Guaranties referenced but not attached, workletters incomplete, site plans missing — caught before they become closing conditions.

  • Amendment conflicts

    Where amendments change the base lease in ways the rent roll doesn't reflect — CAM caps removed, renewals consumed, terms extended.

  • Termination triggers post-close

    Co-tenancy failures, exclusive violations, casualty payouts, and kick-out windows that fire after the deal closes.

  • Below-market security

    Expiring LOCs, undercollateralized guaranties, and security deposits that don't match the underwriting assumption.

Built for

Diligence Teams On Both Sides Of The Table.

  • Acquisitions teams

    REITs, PE real estate, and family offices moving from data room to closing on a clock.

  • Investment sales brokers

    Cleaner OMs, defensible abstracts, faster buyer Q&A — fewer re-trades after LOI.

  • Lenders & debt funds

    Collateral diligence on income durability, tenant rights, and lease-level risk that affects LTV.

  • M&A and real estate counsel

    First-pass review with citations, exception lists ready for partner sign-off, and defined terms traced across documents.

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