precision
Every figure measured to the basis point. Verified, sourced and timestamped. No rounding. No assumptions.
A platform that sources, underwrites, and judges every deal.
bipsio scans every major listing marketplace, reads the offering memos and rent rolls, runs your buy-box, and writes a PASS or FAIL verdict on every deal. The cap rate, the citation, and the reasoning come attached, and every figure is machine-verified.
- Inbox to verdict
- Minutes
- Offering memo
- Every line
- Every figure
- 100%
not hours
read, not skimmed
machine-verified
Skyline · Ryan Favinger / Unsplash
Our promise
Precision to the last point.
The basis point decides whether a deal works. So does the line on page eight of the OM. We treat both the same way: read it, verify it, surface it.
velocity
Institutional intelligence at machine speed. What takes a junior analyst a week is delivered to your inbox in minutes.
discipline
Process is the product. Every mandate follows the same rulebook, the same trace, the same verdict shape. Unknowns are surfaced, not hidden.
operator bias
Built for the broker who closes. Every screen drives one outcome: move a live deal forward, or kill a bad one earlier.
Photography · Étienne Beauregard-Riverin · Mathias Reding · Christer Gundersen · Slidebean / Unsplash
The skim tax
Reading bad listings is a tax on every broker.
You are not paid to skim. You are paid to close. bipsio does the reading, the math, and the first verdict, so your hours go to the five that matter.
A broker’s week200 in → 5 worth a call
- the flood
200 listings hit your inbox every week.
Marketplace alerts, listing brokers cold-calling, off-market intros. By Wednesday they all read the same.
- 95% wasted
190 are wrong asset class, wrong submarket, or under cap.
You learn this in the first thirty seconds. The other twenty-nine and a half are wasted.
- 2.5% signal
5 are what your client actually wants.
They are buried at the bottom of your inbox, behind a hundred and ninety-five you already discarded.
How we don’t waste your time
Verdict first. Citations attached. No em dashes.
Every reply is verdict-first. Every figure is tagged VERIFIED or UNVERIFIED. Every tool call is logged. Em dashes off by default. The product runs the way a senior underwriter would talk in a meeting, not the way a chatbot wants to.
- Verdict first. Citations attached.
- Every figure tagged VERIFIED or UNVERIFIED.
- Every tool call logged and timed.
- Em dashes off by default.
- Challenge bad assumptions before agreeing.
- Duplicate-check before generating a new artifact.
bipsio · reply
PASS1240 Buckhead Ave clears the rulebook on every gate evaluated.
- Cap rate 6.83% on T-12 NOIOM page 14, T-12 line 27Verified
- Atlanta MSA, Buckhead submarketListing geolocationVerified
- DSCR 1.31x at 65% LTV, 6.75% senior ratecomputed; assumptions in mandateVerified
Trace4 calls · 3.7s· 11:42 ET
- 01read_listing0.4s
- 02parse_t12_from_om1.6s
- 03compute_cap_and_dscr0.2s
- 04numeric_verifier0.1s
Configurable per workspace · Output style toggles
Why brokers switch
The underwriting desk your spreadsheet never was.
Sourcing, the rulebook, written verdicts, memory and broker-ready memos work as one desk, so the only deals you touch are the ones worth a phone call.
bipsio · v2.4
The underwriter that doesn’t get tired.
Per-mandate chat with 80+ analyst tools. It reads OMs, parses rent rolls, computes cap rate and DSCR in a live sandbox, runs your rulebook, and writes verdicts with the full trace open. The depth scales to the task.
- PASSVerified
Cap rate ≥ 6.0%
6.83% on T-12 NOI
- PASSVerified
Within geography
Atlanta MSA · Buckhead submarket
- FAILVerified
Tenant credit ≥ BBB
Anchor tenant unrated, lease expires 2027
- SKIPPEDPending
DSCR ≥ 1.25
Awaiting T-12 from listing broker
Trace · live4 calls · 3.7s
Six kinds of rule.
Range, market list, comparison, computed (DSCR, cash-on-cash, debt yield), a fast AI check, and a full-context Hugo judgment. AND by default, OR inside named groups, phase-tagged for search, filter or decision.
6 kinds · 2 OR groups typical
The Path to Yes.
Failing deals expand to show exactly which rules would have to flip, and what data bipsio is still missing to flip them.
Expands inline on every FAIL verdict
Memory that knows you.
Four layers: working memory, persona observations, learned patterns, standing context. Every row deep-links back to the chat that taught it.
4 layers · scoped per mandate
Artifacts on demand.
Research, Compare, Memo, Shortlist, Market report. PDF, DOCX, XLSX. Versioned with permalinks. Public share without a login wall.
5 types · versioned permalinks
Every step is traced.
Every listing read, every figure computed, every rule run is a logged step you can open and audit. Nothing about a verdict happens off the record.
Full trace on every verdict
How it works
Three steps from buy-box to shortlist.
Configure the mandate once, then run a scan whenever you want fresh inventory. The system stays open: every scan, every verdict, every step.
- Configure
Set the mandate. Save the rulebook.
Asset class, geography, cap floor, price band, custom rules. Most brokers have a working mandate inside fifteen minutes. bipsio carries that context into every turn.
Mandate · ATL multifamily Q2
draft- Asset class
- Multifamily
- Geography
- Atlanta MSA
- Cap floor
- ≥ 6.0%
- Price band
- $8M – $15M
- Scan
Both public networks, in parallel, on demand.
Run a scan and bipsio reads every new listing across both networks, runs your rulebook, and writes a verdict with the math and the citations attached. The scan log is open.
Scan runningstarted 11:42 ET · 4m elapsed- Network AAtlanta multifamily4120.8s
- Network BAtlanta multifamily1880.6s
- bipsioverdicts written6003m 14s
Listings parsed · 217Queue · 0 - Decide
Review only what passed. Path-to-Yes on the rest.
Shortlist is what cleared the rulebook. Failed deals expand to show exactly which rule tripped and what data bipsio is still waiting on. Skim becomes decision.
Shortlist
3 of 600- PASS1240 Buckhead Ave6.83% cap
- PASSLenox Park 846.40% cap
- SKIPEastpoint Towersawaiting T-12
Mandates
One broker. Many mandates. The 1031 clock built in.
Each mandate is a workspace with its own buy-box, rulebook, standing context and 1031 tracker (relinquished value, boot target, 45/180-day clock). bipsio carries that context into every turn. Switch between mandates with Cmd+K. Pause, archive, hard-delete with an audit trail that actually clears storage.
Active mandate
ATL multifamily Q2
- New
- 42
- Passed
- 9
- Awaiting
- 6
1031 tracker
17 days to identify · $4.2M boot target
Buy-box
- Asset classMultifamily
- GeographyAtlanta MSA
- Cap floor≥ 6.0%
- Price band$8M – $15M
Hugo · traceReading listing description
84 units · 2003 build · Buckhead submarket
0.4sVerifiedParsing T-12 from OM
Effective gross income $1.94M · OpEx $810k
1.6sVerifiedComputing actual cap rate
NOI / asking · 6.83% on $11.4M
0.2sVerifiedFlagging missing data
Tenant credit not disclosed for ground-floor retail
1.5sPending
PASS on 3 rules · PENDING on tenant credit
11:42 ETIntelligence
bipsio reads so you don’t have to.
The underwriter inside bipsio. Eighty-plus tools at its disposal: read listings, parse rent rolls, compute cap rate and DSCR in a live sandbox, run the rulebook, retrieve from the document library. Every figure is math-checked against what the code actually returned. Every tool call is traced and auditable. Cancel mid-stream.
Cityscape · Mike Chavarri / Unsplash
Rulebook
Rules that explain themselves.
Six kinds of rule: range, market list, comparison, computed (DSCR, cash-on-cash, debt yield), a fast AI check, and a full-context Hugo judgment for the calls a column can’t make. AND by default, OR inside named groups, tagged by phase (search, filter, decision). The verdict on the deal is the worst verdict on any rule. No black-box scoring. Live pipeline-impact preview on every edit.
1240 Buckhead Ave · 4 of 7 rules evaluated
listing #bp-984221- PASS
Cap rate floor ≥ 6.0%
Computed cap 6.83% on T-12 NOI. Above floor by 83 bps.
Verified - PASS
Asset class · Multifamily
84-unit garden-style. Class B+ per submarket comps.
Verified - FAIL
Tenant credit ≥ BBB
Anchor retail tenant unrated. Lease expires 2027 with no renewal options on record.
Verified - SKIPPED
DSCR ≥ 1.25 at 65% LTV
T-12 not yet provided by listing broker. bipsio will retry on your next scan.
Pending
Pipeline impact · would PASS 9 · FAIL 31 · PEND 4
FAILMemory · output style
bipsio learns you. You stay in control.
Four memory layers, surfaced together in a single UI. Every memory deep-links back to the chat message that taught it. One-click Forget on anything. Then layer your output style on top, the anti-slop posture made explicit: no em dashes, verdict first, every figure tagged, no sycophancy.
- 01
Currently in flight
Working memory
Focus items the assistant is actively tracking on this turn. TTL with touch-bump.
- 02
How bipsio sees you
Persona observations
FIFO-30 read-mostly notes about your style, preferences and habits.
- 03
Learned patterns
Semantic memory
Recency-ranked patterns extracted from past threads. Vector-retrieved when relevant.
- 04
Always in prompt
Standing context
Identity, mandates, deadlines and constraints that ride every turn.
Output style toggles
- No em dashes
- Verdict first
- Tag every figure VERIFIED or UNVERIFIED
- Challenge bad assumptions
- Duplicate-check before generating
- Deal-log after every analysis
- Three-audience protocol
- No sycophancy
Workspace-level defaults. Underwriter presets bundle the useful sets in one click.
Frequently asked
Questions brokers actually ask.
bipsio is an AI underwriting desk for US commercial real estate brokers. It scans every major listing marketplace, reads the offering memos and rent rolls, runs each deal through your mandate's rulebook, and writes a pass, fail, or pending verdict with the math and the citation attached. Every figure is machine-verified. Built for licensed CRE brokers running one or more buyer mandates in parallel.
Hugo is the AI analyst inside bipsio. Hugo reads listings, parses offering memoranda and rent rolls, computes underwriting figures (cap rate, DSCR, cash-on-cash, debt yield) in a live sandbox, runs the rulebook, and writes verdicts with the trace open. Every number Hugo reports is checked against what the sandbox actually returned, so hallucinated figures never reach you. Hugo runs on frontier AI models, matched to the task: the most capable model for deep analysis, faster ones for speed-sensitive and bulk work.
bipsio evaluates a listing by running it through every rule in your mandate's rulebook and combining the verdicts. Rules are one of six kinds: range, market list, comparison, computed (DSCR, cash-on-cash, debt yield), a fast AI check for structural calls, and a full-context Hugo judgment for the calls a column cannot make. Each rule returns PASS, FAIL, or PENDING with the reasoning attached. Rules combine through AND by default, or OR inside named groups. The verdict on the listing is the worst verdict on any rule.
When a data point a rule depends on is missing, bipsio marks the rule PENDING, tags the data point UNVERIFIED, and writes exactly what to ask the listing broker. The deal still appears in your pipeline so you can decide whether to chase it. Once the listing broker sends the data, run a scan again and the verdict updates with a follow-up message in the mandate chat.
bipsio attaches a built-in 1031 tracker to any mandate that needs one: relinquished value, boot target, 45-day identification window, 180-day close. The pipeline page shows a live banner with days remaining, and Hugo prioritises inventory inside the window and flags any deal that would risk the 180-day close.
Yes. Every shortlist, deal, and comparison in bipsio generates a branded public share link with no login required. You control which sections are visible (photos, financials, notes, rule verdicts), the expiration window (24h, 7d, or 30d), and an optional password. The viewer gets a clean read on a bipsio-branded page.
bipsio supports multifamily, retail, industrial, office, hospitality, net lease, and land. You define the buy-box per mandate, and Hugo applies the same rule logic across asset classes. Sub-types like medical office, flex industrial, and STNL retail are first-class filters.
Each workspace in bipsio is a hard tenant boundary, enforced by Postgres row-level security on every tenant table. MFA with backup codes is supported per user, and active device sessions are listed in account settings and can be revoked individually. SOC 2 Type II audit is in progress; the report will be available on request.
Yes. Shortlists, mandates, and individual deals in bipsio export as PDF, DOCX, or XLSX. Memos and market reports are generated as versioned Artifacts with permalinks. There is no proprietary lock-in: your data is yours.
bipsio
Put an analyst on every deal you source.
Create a mandate, run a live scan, and read your first verified verdict in minutes. No sales call required.
Precision to the last point.
Skyline · Venti Views / Unsplash