CREDevSim
I built this solo after getting layoff with a newborn
CREDevSim launched on July 21, 2026 with 5 votes, #4,557 of 24,623 launches that month and more than 75% of that year's launches.
What it does
CREDevSim is a desktop LP/GP waterfall engine for CRE developers, GPs, and analysts. Enter your capital stack, debt structure, and lease-up assumptions and watch IRR, promote, and capital calls solve in real time.
Native Windows desktop CRE deal model built by a fund-audit CPA, the one that gets after-tax LP returns, depreciation recapture, 1031, and Opportunity Zone math right, for ground-up development, construction-to-perm, and LP/GP waterfalls. Deterministic and fully offline.
CREDevSim is the CRE deal engine I built as a fund auditor, the one that carries your deal all the way to the after-tax return your LPs actually keep. The tool is free. I am the CPA behind it, and I work with GPs and syndicators directly on the deals that need a second set of eyes. I am a CPA and former Big 4 auditor. I read your deal before your investors do, the after-tax return, the underwriting, the waterfall, checked with the same rigor I used auditing real estate funds. If your numbers have to hold up in front of an investment committee, that is the job I do. Most models stop at a pre-tax IRR. Your LPs do not invest pre-tax dollars. CREDevSim carries the deal all the way to the…from credevsim.com
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