Asset management software · CRE debt funds

Asset management built by an asset manager.

Coadan ingests your loan documents, builds your AM workbook, surfaces what's slipping, and writes the quarterly narrative — in minutes, not days.

Why Coadan exists

40 loans. A workbook every quarter. Hundreds of rebuilds.

Spent four years as an asset manager at Verus Commercial Real Estate Finance, a middle-market CRE bridge debt platform. Managed a portfolio of 40 active loans, hundreds of millions in active balance, across funds totaling over $1B AUM.

"Every quarter I stopped what I was doing and re-underwrote 40 loans. Every week I rebuilt the briefing for the company meeting. Every covenant test, every draw review, every reporting deadline — all of it lived in spreadsheets I rebuilt by hand."

The work that actually required judgment — workout strategy, borrower negotiations, exit positioning — was the work I had the least time for. Coadan automates the parts that were always automatable: extraction, aggregation, projection rollforward, narrative drafting. So the AM gets their judgment back.

How it works

From loan document to IC-ready workbook, in one quarter close.

01 — Ingest
Drop in the docs.
Loan agreement, IC memo, op statements. Coadan extracts every term, covenant, projection, and historical financial — with full provenance back to the source PDF.
02 — Reconcile
Three-column truth.
Origination UW · Previous Quarter · Current. Period-aware aggregation. Valuation, sale-exit, refi proceeds. Covenants tested against live numbers.
03 — Narrate
AI drafts, AM edits.
Transaction overview, business plan, performance and exit, key findings — drafted from actuals against UW. Confidence-scored, fully editable.
04 — Export
One xlsx, every loan.
AM-grade Excel workbook per loan, multi-tab per portfolio. Send to IC, fund accounting, or the LP report writer. Same file.
What's live today

Production today. Not slides.

Every feature below is deployed and running against real bridge loan data. Live demo runs on a representative bridge loan with full documentation and quarterly reporting. Bring a real (anonymized) loan if you want — Coadan handles your file types, not just demos.

AI document extraction Loan agreement, IC memo, op statements, rent rolls, borrower financials
Auto-generated AM workbook Excel-compatible, formula-driven, institutional formatting
Quarterly narrative drafting Confidence-scored, AM-editable before any external send
Covenant testing Against live aggregated financials. Watchlist surfaces breaches.
Portfolio dashboard Watchlist, weekly briefing, search across all active loans
Reporting requirements tracker Covenants, financials, KPI submission deadlines, gap analysis
Security & data handling

Database-layer isolation. No AI training. Full export on request.

Coadan handles your loan documents and financial data. Here's how that data is stored, who can access it, and what we do and don't do with it.

For risk & diligence teams
Download the Security Overview →
PDF · ~3 pages · Updated May 2026
AWS infrastructure via Supabase (SOC 2 Type II) US regions. Postgres + S3-backed document storage. No third-party data warehouses.
Encryption at rest and in transit AES-256 at rest with AWS-managed keys. TLS 1.3 on every connection.
Database-layer tenant isolation Postgres row-level security enforced at the database, not the application. Application bugs cannot leak across firms.
AI extraction never trains on your data Anthropic commercial API terms. No customer data is used to train Coadan or Anthropic models.
Full export, no vendor lock-in Complete export (loans, documents, financials, narratives, audit trail) available on 24-hour notice.

Want to see it on your loans?

Email me directly. I'll set up 30 minutes, walk through the demo on a fictional loan first, then run your documents through it if you bring some.

Alex Gottlieb
Founder & CEO
alex@coadan.com coadan.com