PenciledOut

PenciledOut is the underwriting tool built for real estate developers and operators. Run full proformas, screen offering memorandums, and analyze zoning codes, all from your phone.

Five proforma templates cover every deal type: value-add multifamily, ground-up development, commercial acquisition, refinance, and residential condo outsell. Each proforma calculates cash-on-cash returns, IRR, equity multiples, debt service coverage, and waterfall splits with GP/LP structures.

Key features:

• Full proformas with real-time financial modeling
• OM Screener: upload an offering memorandum PDF and get an instant pencils/doesn't-pencil verdict with extracted inputs pre-loaded into the matching proforma
• Zoning Analyzer: paste a municipal code URL or upload a PDF to get structured zoning analysis with computed max units, FAR, parking, setbacks, and overlay impacts
• District Detect: look up your property's zoning district by address
• Investment memo PDF export
• Excel export for all proformas
• Share deals via link
• Saved deal dashboard

Built for operators who need to move fast on deals. No spreadsheet templates. No desktop required.

SUBSCRIPTION DETAILS PenciledOut Pro ($49.99 per month) and Pro Unlimited ($99.99 per month) are auto-renewable subscriptions, each starting with a 7-day free trial. Payment is charged to your Apple ID at confirmation of purchase. Subscriptions renew automatically unless cancelled at least 24 hours before the end of the current period. You can manage or cancel in your App Store account settings.

Terms of Use (EULA): https://www.apple.com/legal/internet-services/itunes/dev/stdeula/ Privacy Policy: https://penciledout.com/privacy