Virtual Deal Simulator
Play the Whole Deal
Reading about a discovery call is not the same as running one. Each simulation puts you in the seat for a full deal lifecycle, with every stage scored and explained. Pick your path to see the simulations built for your role, or browse everything as a Specialist.
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All 20 deal simulations across every path. View this path →
Beginner
Nobody Owns the Roof: The Cypress Bend Acquisition
A multifamily buyer's first manufactured housing deal — where the tenants own the homes and the landlord just owns the ground underneath them.
Your First Deal: Stabilized Multifamily Refinance
A referral lead, a 90-day maturity, and a cash-out request — play the whole deal from intake to funded.
No Toilets, No Tenants: The Palmetto Self Storage Acquisition
A first-time buyer thinks self-storage income is basically an annuity -- until you show him it's a pricing strategy.
Intermediate
Best and Final: Winning a Competitive Bid Without Overpaying
Your client wants this warehouse badly. The listing broker just called a best-and-final round. The only thing standing between a win and a regret is a number you set before the pressure started.
The Renewal Squeeze: Keeping Your Anchor Office Tenant
Your building's biggest tenant is quietly touring a competitor with a headline rent that looks unbeatable. It isn't -- but only if you can prove it before they sign.
The Credit Behind the Clinic: Crestview Medical Plaza
A buyer who thinks in office cap rates is about to learn what a health-system lease is actually worth.
The Rollover Risk: A Single-Tenant Office Acquisition
A credit tenant, a 78,000-square-foot building, and three years left on the lease — the cap rate isn't the number that decides this deal.
The Co-Tenancy Clause: A Grocery-Anchored Retail Acquisition
Eight years left on the anchor's lease, and every in-line tenant's rent is quietly tied to it — size the loan like you know that.
The Foam Factory Buyout
A regional car-wash manager is buying his first location like it's a strip mall — and doesn't yet know why a tunnel full of brushes doesn't price like retail, or how SBA's 90% stack actually protects his cash.
Advanced
The Upzoning Bet: Entitling a Mixed-Use Infill Site
The land you already own is worth $9.5 million as-of-right. If a rezoning goes through, it's worth $34 million. Everything about how you spend the next nine months should depend on how seriously you treat that gap.
The PIP Squeeze: Refinancing the Redwing Inn & Suites
A 90-room hotel's loan comes due in six months — and so does a $1.35 million bill from the brand.
The Clear-Height Gamble: A Big-Box-to-Last-Mile Bridge Conversion
A vacant 180,000-square-foot relic, a sponsor who's sure his timeline is conservative, and a bridge loan that has to survive a construction schedule nobody's actually tested.
The Residual: Ground-Leasing the Kowalski Corner
A widow's inherited corner lot, a developer's pro forma, and the math that decides who owns downtown Halsey Falls a hundred years from now.
Committing Capital: The Meridian Value-Add Fund II Decision
A sponsor with a strong Fund I track record wants $5,000,000 of your family office's capital for Fund II -- but the fine print has drifted from what made Fund I work.
The Kedzie: A Vertical Mixed-Use Buy in Lincoln Square
One deed, two very different bets — blend the cap rates and you'll misprice both.
The Summer Gap: Financing The Yard at Ashcombe
480 beds, one flagship university, and a pre-leasing number that three lenders will read three very different ways.
Expert
The Capstone: Ridgemont Trails, Start to Finish
Source, underwrite, structure, negotiate, and package one value-add multifamily deal end to end.
Behind the Meter: The Vantara Cloud Sale-Leaseback
A hyperscaler wants to turn a $53 million powered shell into growth capital without losing a single megawatt of control — and the whole deal hinges on treating it like a credit instrument, not a building.
The Blended Cap Trap: A Two-Tenant Wet-Lab Acquisition
A 6.56% blended cap rate looks clean until you realize 30% of the income comes from a biotech that might not exist in five years.
The Slow Money Play: Refinancing Cypress Cove into HUD 232
An 80-bed assisted living facility, a bank loan that won't wait, and a HUD process that refuses to be rushed.