An AI IC memo generator can draft an investment narrative, but a defensible CRE memo also needs an approved model, source evidence and explicit risks. Moraine supplies source-linked underwriting and diligence outputs for office, retail and industrial acquisitions. Its exports are XLSX workbooks, not finished PDF memos; the team prepares and approves the final committee narrative.
First choose which document you need
An acquisition IC memo is an internal decision document. A broker’s offering memorandum markets a property. A lender’s credit memo supports a lending decision. Software described as a memo or presentation generator may serve any of these jobs, so inspect a sample output before comparing product names.
| Job | Intended reader | Required evidence |
|---|---|---|
| Acquisition IC memo | Your investment committee | Approved investment case, return exhibits, downside and material diligence issues |
| Seller offering memorandum | Prospective buyers | Property information and appropriately supported marketing statements |
| Lender credit memo | Credit decision-makers | Loan request, repayment capacity, collateral and policy analysis |
| Financial evidence package | Analysts preparing the decision document | Reconciled model outputs, assumptions, sources and open review items |
Moraine belongs in the underwriting and diligence evidence workflow. If a finished narrative, PDF or branded PowerPoint deck is mandatory, test that requirement separately rather than assuming the financial model includes it.
What a CRE investment committee memo should contain
Start with the actual decision: the proposed price and structure, the business plan, the capital required and the conditions to proceed. Then connect the narrative to the approved exhibits.
| Memo section | Questions the reviewer should be able to answer |
|---|---|
| Recommendation | What decision is requested, at what price and subject to which conditions? |
| Property and tenancy | What is being acquired, who pays the rent, and where is rollover concentrated? |
| Business plan | Which actions and assumptions drive the result, and who is responsible? |
| Base case | Which model version, inputs and financing terms support the returns? |
| Downside | Which assumptions change, and how do the risks interact? |
| Diligence | What is established, conflicting, missing or dependent on specialist advice? |
| Approval conditions | What must be resolved before signing, funding or closing? |
Use the CRE IC memo template as a starting structure. The template is not evidence that a deal clears your firm’s approval standards.
Generate from the approved deal record
Avoid a workflow where prose, spreadsheet exhibits and the underlying source package quietly diverge. Identify the model version and scenario used for the draft. Carry the reporting date and units into the exhibits. When the investment assumptions change, regenerate or reconcile the affected narrative and tables before circulating them.
Each material factual statement should be traceable to a document or another identified source. Distinguish a lease term from the analyst’s interpretation of its financial effect. If the documents do not establish lease status, leave that question open instead of generating a confident sentence.
A concrete risk entry is more useful than a generic warning
In an illustrative office acquisition, a large tenant may expire during the planned hold. The memo should state the source-supported expiration, the base-case renewal assumption, the downside assumption and the resulting exposure. Downtime, TI, leasing commissions and recoveries may change together.
The source establishes the contractual fact. The underwriter owns the renewal and market assumptions. A fluent memo cannot turn those assumptions into certainty or replace counsel’s interpretation of disputed language.
Compare memo workflows honestly
| Workflow | Useful deliverable | Test before relying on it |
|---|---|---|
| Moraine | XLSX underwriting reports and source-linked diligence findings | Can the approved financial exhibits and material findings be traced and reviewed? |
| Dedicated memo/deck generator | Draft narrative or presentation in its supported format | Does every key number match the approved model, and are sources correct? |
| General AI assistant | Draft wording from supplied, permitted context | Does it invent facts, lose caveats or mix model versions? |
| Analyst-authored memo | Your firm’s established committee format | Can another reviewer reproduce the exhibits and understand unresolved issues? |
AcquiOS describes IC preparation in PowerPoint templates, and Apers lists an IC memo workflow. Confirm each vendor’s current output and terms directly. This page is published by Moraine; it does not claim independent performance testing of those systems.
Before the memo leaves the team
Check that the purchase price, sources and uses, debt, returns and scenario labels tie to the approved exhibits. Verify a sample of source references and every material risk statement. Assign an owner to each unresolved condition. Remove confidential information that the intended audience should not receive.
For a software pilot, measure analyst review time, material corrections, unsupported statements and how the draft behaves after a model change. A longer memo or faster draft is not automatically a better investment decision.
Moraine currently supports office, retail and industrial. Individual is $300/month, Team starts at $1,500/month and full diligence is separately $3,000/property. See pricing, security and OM-to-DCF workflow. Moraine does not offer finished PDF memo exports today.