§ 07 / PRODUCTDFX FILING · PX-CRE-010/ACTIVE
Property X-Ray · by DFX Intel

Institutional real estate diligence in minutes, not weeks.

The most advanced real estate decision engine ever built. PE IC memo + hedge-fund short report + forensic audit, fused into one institutional-grade verdict. Every deal. Every time.

Modules
10 parallel
Verdicts
5 tiers
Avg runtime
≈ 8 minutes
Memo format
IC-grade
Surfaces
API · upload · PDF
Deployments
01Underwriting
02Operator intel
03Hidden risk
04Verdict
§ 02 / INTELLIGENCE MODULESTen modules · one verdict

Ten modules. One verdict.

Every deal runs through the full stack in parallel. Each module produces scores, ranked risks, and actionable opportunities.

MODULE 01

Underwriting

IRR, CoC, EM with rent/cap/rate sensitivities and break-even stress.

MODULE 02

Market Microstructure

Employer concentration, shadow supply, AI-disruption exposure, migration signals.

MODULE 03

Operator Intelligence

Track record validation, litigation, alignment index, behavioral patterns.

MODULE 04

Behavioral / Game Theory

Why is it selling now? Seller motivation, information asymmetry, adverse selection.

MODULE 05

Alternative Data

Satellite, foot traffic, crime, enrollment, business churn, search trends.

MODULE 06

Hidden Risk Map

Climate, insurance trajectory, rent control, zoning, environmental, infrastructure.

MODULE 07

Alpha Engine

Rent optimization, opex lift, unit mix, cost seg, zoning arbitrage, expansion.

MODULE 08

Exit Intelligence

Likely buyer universe in 3-7 years, liquidity depth, cap rate outlook.

MODULE 09

Portfolio Fit

Cycle correlation, rate sensitivity, diversification benefit, risk contribution.

MODULE 10

Scenario Engine

Recession, rate spike, employer loss, overbuild. Probability-weighted returns.

§ 03 / THE REPORTIC-memo grade

What lands on your desk.

An institutional-grade intelligence report - the kind an IC chair would sign off on, not a data dump.

01
Executive Summary (IC-memo style)
02
Bull Case + Bear Case
03
Full Risk Map (ranked)
04
Operator Assessment
05
Market Intelligence
06
Financial Model Summary
07
Alpha Opportunities
08
Scenario Analysis
09
Exit Strategy
10
Final Verdict with rationale
§ 04 / THE DFX EDGEBeyond the broker package

What you can’t get from a broker package.

The OM tells you what the sponsor wants you to know. Property X-Ray tells you what they don’t - the overlooked, the hidden, and the asymmetric.

  • 01

    What Everyone Else Is Missing

    Three to five non-obvious insights other underwriters overlooked.

  • 02

    Deal Killers Nobody Talks About

    Hidden risks that don't show up in the OM.

  • 03

    Unfair Advantages

    Asymmetric upside paths the sponsor hasn't priced in.

§ 05 / FINAL VERDICTFive tiers · no hedge

Direct. Opinionated. Data-backed.

No hedge language. Every report ends with one of five verdicts and the rationale behind it.

#
VERDICT
MEANING
01
STRONG BUY
Conviction deal. Proceed with standard diligence.
02
BUY WITH CONDITIONS
Attractive, contingent on specific mitigants.
03
HIGH RISK / HIGH REWARD
Asymmetric upside - only for conviction sponsors.
04
PASS
Does not clear the bar. Better uses of capital.
05
AVOID
Active red flags. Walk away.
§ 06 / ENGAGERun your next deal

Run your next deal through Property X-Ray.

Upload an offering memo, paste the rent roll, drop the address. We’ll do the rest.