Terms of service

This is the version of the terms a subscriber accepts at checkout on this deployment.

When you check out, you tick a box accepting this version of the terms, and the version and the time are recorded with your subscription before you reach Stripe.

You buy Underwrite Core from Link, Stripe's payments service. Link is the seller of record for the subscription: it takes the payment, adds and collects any sales tax, sends your receipts and invoices, and handles questions about a charge, fraud checks and card disputes. Checkout and your receipts say "Sold through Link", your card statement shows the charge under LINK.COM, and the payment terms printed at checkout are Link's.

Underwrite itself, the software and everything a subscription unlocks, is provided by Underwrite.

It operates from New York, United States.

Written notice reaches it at 200 Park Avenue, New York, NY 10166.

Support for the software is answered at ali@getunderwrite.com.

Questions about a charge, a receipt or a refund can also go to Link's support at support.link.com.

Underwrite is a commercial real estate underwriting desk. You enter or import a deal, the model calculates returns, debt coverage, sensitivities and a verdict, and you decide. The same inputs give the same outputs. The method is published at /methodology and the engine source is rendered from the live files at /methodology/engine.

Reading a document and a written review happen only when you ask. Neither one calculates the return. A document changes the assumptions, and the model then recalculates from those assumptions, as it does from anything you type. What is read and what is calculated, feature by feature, is at /trust.

The worked example, Cayuga Commons, is free in full on screen with no sign-in: edit any input and watch the verdict recompute, every result tab, the source trail, Monte Carlo, the scenario and stress presets, its IC memo on screen, and its own link. Everything else is Underwrite Core (clause 05), and the software checks for it: a person signs in with an email link (there is no password) and has an active or trial subscription.

Underwrite is software that computes a model from the assumptions you give it. It is not investment advice, not a recommendation to buy, sell or finance anything, not an appraisal, and not a substitute for your own diligence, your own counsel or your own lender. The verdict it prints is the output of two published rules applied to your inputs. If the inputs are wrong, the verdict is wrong.

The model has boundaries it does not cross, listed at /methodology/beyond-phase-1 and registered on the desk itself. Read them before relying on an output.

No certification stands behind any of this. There is no SOC 2 report, no ISO 27001 certification, no third-party penetration test, and no signed data processing agreement with any provider. /trust says the same.

Paid software access, in one tier called Underwrite Core, billed monthly and renewing until canceled, with the first 30 days free once per person. Without Core, anyone may use the worked example in full on screen with no sign-in: edit any input, every result tab, the source trail, Monte Carlo, the scenario and stress presets, its IC memo on screen and its own link. Core adds reading documents (PDF, Excel and text, rent rolls included), starting and opening any other deal, private saved deals and reopening them, every Excel export, the IC memo and print of any other deal, and share links, which open free for whoever receives them while the subscriber has Core. There is no monthly deal limit. Core belongs to one person, who signs in without a password; there are no teams, roles or seats. The first 50 paid Core subscribers lock the current monthly price for life.

That is the offer the founder decided on 15 September 2026 and redrew on 6 October 2026. The price and the renewal terms are on /pricing:$49 per user per month. 30 day trial. Plus sales tax where it applies. Renews monthly until canceled. Cancel anytime. Live checkout is open: a payment is tied to the person who paid, the line between the free part and Underwrite Core is switched on, and acceptance of these terms is recorded at checkout.

The first 30 days are free, with a card on file, once per person and inbox; a second one is canceled at once, with nothing charged. The first charge is taken on day 31, and then on the same day each month until you cancel. To pay nothing, cancel before the free month ends, from Manage subscription on your account page or by email; canceling during the free month costs nothing. Link emails you when the free month starts and again before it ends, and Underwrite emails a reminder about three days before the first charge. How cancellation and refunds work is at /refunds: Cancel anytime. You keep Core to the end of the month you paid for. No refunds for part months, except your first charge: ask within 14 days and it is refunded in full.

Send only material you have the right to send. When you upload or paste a document, it travels through Underwrite's server to Anthropic's API for extraction and comes back as structured values; if a document is confidential in a way that forbids that, use Confidential Mode, which turns off the parser, the AI review, the memo's AI summary, share links and memo links, or enter the numbers by hand.

The AI features (the parser, the AI review and the AI summary) are rate limited per connection, and that is the usage limit. The model, the memo and the workbook are unlimited. Do not attempt to circumvent the limit, resell access, or present Underwrite's output as an appraisal or as advice from anyone other than yourself.

Tax exclusive. The monthly price does not include sales tax. Where sales tax, VAT or GST applies, Link adds it at checkout and, as the seller of record, collects it and pays it to the tax authority.

Checkout shows the tax, if any, before you confirm, and Link's receipt shows it after. Checkout may show the price in your local currency.

Underwrite Core is offered to subscribers in the United States only.

Governing law, venue and dispute resolution are not stated in this document. They need a lawyer to draft. The same is true of a limitation of liability, a warranty disclaimer with legal effect, and an indemnity. None of those clauses is in this document.

Each version of this document carries a version marker, shown at the top of the page and in the page source. Version 0.3-staged is the version checkout records now. The version a customer accepts is recorded with the time at the moment of checkout, and a later version is asked for again at the next checkout.

Every fact these documents needed from the founder is supplied and written in where it belongs: who provides Underwrite, where it operates, where written notice reaches it, the support contact, where subscribers may be, the tax treatment, the refund policy and what a subscription buys. While any of them was blank, it kept live checkout closed on its own.

Every fact this document needs has been supplied.

Supplying them met one of the software preconditions of live checkout.