Alt-X builds AI agents that turn real estate deal documents, such as offering memorandums and datarooms, into fully built, auditable institutional underwriting models in Excel within seconds. Each number in the model is cited back to the exact page and line of the source document, enabling transparency and verification. The company is backed by Y Combinator (Winter 2026 batch) and processes deals across hundreds of millions in AUM.
Alt-X offers an AI Excel Plugin that automates the creation of institutional underwriting models from real estate deal documents, such as offering memorandums and datarooms. Key features include the ability to transform lengthy documents (up to 200 pages) into fully built, auditable models in Excel within seconds. Each figure in the model is traceable back to the exact page and line of the source document, ensuring transparency and verification. This automation significantly reduces the manual effort involved in financial modeling, allowing users to focus on decision-making rather than data entry. The product is particularly beneficial for real estate private equity analysts, private equity associates, and venture capital analysts, as it streamlines the underwriting process and enhances accuracy.