> For the complete documentation index, see [llms.txt](https://docs.uptiq.ai/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.uptiq.ai/commercial-lending/release-notes/2026/july.md).

# July

Read the release notes for Commercial Lending version 2.5.5.0, released in July 2026.

## v2.5.5.0

This release adds institutional CRE workflows, property- and rate-specific underwriting, a redesigned Settings workspace, and reliability improvements.

### What's new

#### Deal workflows and products

* **Institutional CRE (ICRE) loan product** — A full new loan product for institutional commercial real estate deals. It includes intake, sponsor, guarantor, and property manager parties. It also includes a dedicated stage pipeline from Draft through Term Sheet, plus its own checklist and document requirements. See [ICRE product categories](broken://pages/rdFLinf6NmyjsZIfmOsB).
* **Property-and-rate product variants** — ICRE supports distinct product configurations by property type and rate structure. Examples include Multifamily Fixed and Office Floating. Each configuration has tailored sizing, underwriting, and Sources & Uses behavior. See [Compare Products](broken://pages/2185aad20ef5c736066208ced622febebf9d8110).
* **Construction loan support** — Select **Construction** as a loan purpose. The app shows intake questions and fields for construction deals.
* **Transaction overview panel** — Review key collateral and transaction metrics with a deal's parties.
* **Greenlight Memo** — Review a deal's key metrics for early-stage decisions. See [Greenlight Memo](broken://pages/xRzhPZioBQhVFDLtpUUc).
* **Covenants** — Track covenants by account. The platform evaluates ratios automatically and supports webhook-driven agent workflows. See [Covenant Dashboard](broken://pages/ExVPio48FQTH6aqK84f0).
* **Application status tracking** — View an application's current status on its tab.
* **Sponsor and guarantor detail capture** — Track sponsor type, sponsor credit score, and management relationship as entity fields. See [Compare Products](broken://pages/2185aad20ef5c736066208ced622febebf9d8110).
* **Entity guarantor details** — Capture and summarize guarantor-specific entity fields.
* **Multiple sponsors per deal** — Add multiple sponsors to a deal.
* **Beneficial owner capture** — Add beneficial owners in **Business Details**. Add nested ownership under a business-entity owner. Reuse an existing person across businesses. See [Step 5 — Owner Information](broken://pages/whb2h6MG29cNlO6yTGjg).
* **Future funding and escrow or reserve tracking** — Track future funding and escrow or reserve schedules as editable tables on the deal summary.

#### Underwriting and analysis

* **Office-Floating underwriting suite** — Use dedicated NOI analysis, sizing, rent roll, and stress-testing for floating-rate office deals. The suite includes office-specific benchmark and reserve-schedule handling. See [Office floating](broken://pages/fafd5b6f850709c1de4ea58f2dde4ec834bad081).
* **Multifamily-Fixed underwriting suite** — Use tailored assumptions and sizing for fixed-rate multifamily deals. The app hides fields that don't apply, such as future funding and interest-rate-cap parameters. See [Multifamily fixed](broken://pages/bc3d4b75643ff5ecb81ca64c1f363844e67eeaba).
* **Historical Financials and Monthly P\&L** — Review, edit, and recompute historical financials and monthly P\&L side by side. Add or remove periods, reclassify entries, and track cost per unit and variance. See [Historical Financials & Monthly P\&L](broken://pages/mBrWkUsopNm8P0SAnxjn).
* **NOI and Underwriting Analysis** — Review an editable assumptions table for As-Is and Stabilized underwriting. See [NOI & Underwriting Analysis](broken://pages/qj1FL6I5VAfghLCThYRZ).
* **Exit Sizing and Sensitivity Analysis** — Model exit scenarios and run sensitivity grids against key assumptions. See [Exit Sizing & Sensitivity Analysis](broken://pages/drjKGhtBR2BvDLKtsQCB).
* **Forward curve (SOFR) calculations** — Generate forward-curve projections from source financial data. Import and export data, and configure rate-cap terms. See [Forward Curve (SOFR)](broken://pages/3Hz76k27ADtIqoBXUMP2).
* **Sources & Uses** — Structure deal funding with an editable Sources & Uses table and custom categories. See [Sources & Uses](broken://pages/nwTAVrwEZlBGDXJIYYGR).
* **Property Manager management fee automation** — The app derives management fee percentage, floor, and underwritten fee from historical financials and management relationships.
* **Payment Calculator** — Open the calculator from the deal top bar. It computes amortization schedules and as-of-date balances for any loan structure. See [Payment Calculator](broken://pages/m0Sa7KsYdGhT5prDc0nW).
* **Schedule C and business entity spreading** — Map Schedule C business income to a consistent entity financials set. Add or remove properties and businesses as a deal changes. See [Schedule C / Business Entity Spreading](broken://pages/UE0EkjiLmwJY2mdYWCeJ).
* **Spreading Copilot** — Use an AI assistant in the spreading workflow to populate and review financial entries. See [Spreading Copilot](broken://pages/SiI6SGumb7CWJ3UZlUpW).
* **AI-assisted valuation summary** — Generate an acquisition or stake summary for entity valuations with AI assistance. See [AI-Assisted Valuation Summary](broken://pages/xzwT9pDOryV9Qn2P1H3j).

#### Documents, data, and exports

* **Rent Roll and Sales/Rent Comps** — Extract and review rent rolls and comparable sales or rent data from uploaded documents. Use a dedicated comps document viewer. See [Property Review — Rent Roll & Cash Flow](broken://pages/SEvjYdsq5LTqu5zXuO0j).
* **Credit Policy** — Import a credit policy from a PDF. Compare extracted rules to existing configuration, then confirm, replace, or skip each rule. The app evaluates configured rules automatically. See [Credit policies](broken://pages/PZJjZoHJgdFcJrg9AoOE).
* **Document classification confidence** — Documents awaiting classification review show a confidence score. The app also identifies manually corrected classifications. See [Documents](broken://pages/XsuD4CRhLme4qZzQ79gw).
* **Streamlined Offering Memorandum uploads** — Offering Memorandum documents use the standard upload and classification flow. See [Step 1 — Document Extraction](broken://pages/pGn9CKIkig7T0UKqTwth).
* **Market data and comps enhancements** — Access expanded market data sources, submarket and MSA detail, and a source-document comps viewer. See [Valuation data](broken://pages/e5de99a23e41bdec659e487993975e91af229f9a).
* **Expanded reporting** — Use new reports for applications by company, applications by month, closed applications, and stage conversions. Remove reports you no longer need.
* **Expanded Excel exports** — Exports include credit request and collateral summaries, cash flow and interest rate details, exit analysis, Sources & Uses, escrows and reserves, and per-unit rent roll columns. T-12 columns remain pinned.
* **Reporting and training data export** — Export underlying deal data for reporting and model training. See [Data export](broken://pages/EqNW72MeXZTMzXiWzLws).

#### Platform and administration

* **Redesigned Settings workspace** — Administrative configuration now has a dedicated **Settings** area. Role-aware navigation shows only available configuration options. See [Workspace](/commercial-lending/getting-started/portals-and-roles.md).
* **Multi-role sign-in** — One login can hold administrative and operational roles. Switch between those contexts.
* **Company management** — View deactivated companies in the company list and reactivate them. See [Companies](broken://pages/uHw5qqQnOUywi7AbVsBj).
* **Sign in with Google** — Sign in with Google alongside existing authentication methods. See [Auth providers](broken://pages/mUT7jK562tdGefcpPqUa).
* **Magic link login** — Sign in with a one-time magic link.

### Improvements and fixes

#### Calculations and underwriting

* **Percentage and ratio values** — Calculated percentages display consistently across underwriting, NOI, and exports.
* **Forward curve accuracy** — Fixed the as-of date, index-type selection, and capped or uncapped rate synchronization.
* **Underwriting calculations** — Fixed formula sequencing for vacancy, gross potential rent, replacement reserves, stressed NOI and NCF, and capitalized-value recomputes.
* **Valuation** — Fixed chart rendering, ratio calculations, report generation, and growth-rate lookups during onboarding.
* **Schedule C and Schedule E data** — Fixed aggregate calculations, high-confidence document-match autopopulation, and depreciation and mortgage-interest handling.
* **Credit policy configuration** — Fixed configuration issues affecting policy application across products.

**Related docs:** [Step 3 — Underwriting Review](broken://pages/az5D95qyqSzandu4NZWB) · [Forward Curve (SOFR)](broken://pages/3Hz76k27ADtIqoBXUMP2) · [AI-Assisted Valuation Summary](broken://pages/xzwT9pDOryV9Qn2P1H3j) · [Schedule C / Business Entity Spreading](broken://pages/UE0EkjiLmwJY2mdYWCeJ) · [Credit policies](broken://pages/PZJjZoHJgdFcJrg9AoOE)

#### Data, documents, and exports

* **Collateral and credit request data** — Fixed data consistency for blank or zero values, guarantor roles, stale related-field values, earnout sequencing, capped or uncapped synchronization, tab refreshes, and entities without assigned roles.
* **Rent roll** — Fixed duplicate records, unit-mix summary totals, and average-rent calculations.
* **Property comps** — Fixed document deletion, deep-dive views, and subject-property filtering.
* **Document generation** — Fixed long file names in the section UI and regenerate buttons that remained loading. Chart previews are now supported.
* **Document uploads** — Uploads and external document-request links are blocked for rejected or withdrawn applications. Upload handling validates destination URLs. Server messages display clearly.
* **Excel export formatting** — Headers and decimal precision are consistent across exported sheets. Subject-property row mappings are corrected.

**Related docs:** [Property Review — Rent Roll & Cash Flow](broken://pages/SEvjYdsq5LTqu5zXuO0j) · [Documents](broken://pages/XsuD4CRhLme4qZzQ79gw) · [Data export](broken://pages/EqNW72MeXZTMzXiWzLws)

#### Platform reliability

* **Company switching** — Fixed stale data showing from a previous company after account switching.
* **Permissions** — Tightened role and permission boundaries for admin account creation and Relationship Manager or Credit Analyst access.
* **General accuracy pass** — Fixed smaller issues across market data, floorplans, rent roll, property overview fields, and credit request extensions.

**Related docs:** [Companies](broken://pages/uHw5qqQnOUywi7AbVsBj) · [Roles permissions](broken://pages/yaliiYSba8n5xC7fJa4n)

***

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<p align="right"><em>Maintained by</em> <mark style="color:green;">Abhishek Paul</mark><br><code>AI-assisted, human-approved</code></p>
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