Commercial real estate, with real teeth

See where the deal breaks.Before it breaks you.

Flip your way to a war chest. Force value into towers of apartments, industrial, storage, and data centers. Then pull your money back out before the maturity wall does it for you.

The whole business on one board: DSCR, cap rates, the capital stack, and the six-layer read the pros run before they sign. Start on the Ground Floor. Top out into the Tower. Beat a rival to the win.

Free to play No download Installs to your phone
Deal file // running the read
Midtown value-add
Multifamily
0
Structural integrity
Fundable, with 2 flags to clear
Capital stackL1 // MONEY
Financing orderL2 // ORDER
Exit pathL3 // EXIT
TimelineL4 // TIME
Market readL5 // MARKET
OperatorL6 // OPERATOR
Common equitythe upside
Preferred equityLP capital
Mezzaninethe gap
Senior debtthe foundation
Multifamily // Industrial // Self storage // Retail // Data centers // Fix and flip // Ground-up // Multifamily // Industrial // Self storage // Retail // Data centers // Fix and flip // Ground-up //
Built by a 28-year Deal Architect Powered by real DSCR and cap-rate math Part of the Netrix Capital ecosystem
6
Asset classes to master
97
Point structural read
12
Investor profiles
5
Deal Architect ranks

Anyone can buy a building. The operators who last see the crack in the capital stack before they sign. CapStack drills that read into you, one deal at a time, until spotting the break becomes the first thing you notice.

The loop

How it plays

The four moves a real operator runs, turn after turn. No trivia. No luck-only rolls. Every decision has a consequence you can feel.

1

Acquire

Land on a deal, choose your financing, and read the hidden structural risk before you fund a dollar.

2

Force value

Operate the asset and grow NOI. Every dollar of income multiplies into equity through the cap rate.

3

Recapitalize

Pull your cash back out on a refinance, syndicate the next one, or sell into a rising market.

4

Top out

Stack passive income above your carry line, top out into the Tower, and race to the win.

Under the hood

Why it hits different

Not a roll-and-move with a real estate skin. A working capital-stack simulation you can finish over lunch.

Real underwriting

DSCR, cap rates, debt service, and the maturity wall drive every call. The actual math of the business, made playable.

The six-layer read

Six layers, 97 assumptions. Run the review, watch the risk light up red and yellow, then mitigate it or walk.

A contested board

One map, one owner per asset, Best-and-Final bidding. Blink on a deal and your rival closes it instead.

Syndicate and scale

Bring in LP equity on deals too big for your own cash. Institutional tickets, institutional upside, real dilution.

Play your way

Solo the AI, hot seat a friend, go live online, run timed scenarios, or take the Daily Challenge everyone runs at once.

Climb the ranks

Prospect to Master Deal Architect. The same ladder as Netrix University, earned through play, not paperwork.

Find yourself here

This one is for you

Built for the people who move real money, and the ones on their way to it.

Brokers & capital pros

Rehearse the read you get paid for

You place these deals for a living. Here you get to run them again and again, and catch the maturity wall, the broken exit, and the gap in the stack before your client, your lender, or your reputation finds it first.

Aspiring investors & students

Stop reading about it. Play it.

You have the books. Now feel it. Senior debt, mezzanine, preferred, and common stop being vocabulary the first time the market turns and your stack either holds or folds, without a dollar of your own on the line.

NCRA agents & Netrix teams

Climb the ladder in front of the desk

You already know the ranks. Now earn them head to head. Same Deal Architect ladder as Netrix University, settled on live tables, the Daily Challenge, and a tournament bracket with your name near the top.

Strategy gamers

Finally, an opponent worth beating

The rival AI does not roll and hope. It underwrites, it bids, and it punishes a lazy stack. A living economy and a real trade-off on every turn. Easy to start. Genuinely hard to master.

Bring your crew

CapStack is better with rivals across the table. Sit down at a live game, run a firm together, or bracket up and settle once and for all who really reads a deal best.

Live tables
Play in real time
Campaign co-op
One shared firm
Tournaments
Bracketed runs
Daily Challenge
Same deal for all
Share your rank
Prove the climb
From the desk of a Deal Architect
28
years structuring real
commercial real estate capital

This is not a made-up rulebook

The six-layer, 97-assumption read inside CapStack is the same structural review Netrix Deal Architects run on live commercial deals: the maturity walls, the capital-stack gaps, the exits that quietly fall apart. Beat it across a board here, and you will start seeing it across a real term sheet.

Meet the Deal Architect

Before you ask

Straight answers

Is it really free?

Yes. Create an account and start playing. No card, no catch.

Do I need to download anything?

No. It runs in your browser, and you can add it to your home screen so it opens like an app.

Do I need real estate experience?

None at all. The game teaches the math as you play. If you already do this for a living, you will feel at home in minutes.

Can I play with friends?

Yes. Live tables, co-op campaigns, and bracketed tournaments are all built in.

Is this investment advice?

No. CapStack is a game for education and entertainment. It sharpens instincts. It does not place capital.

What do I actually win?

Rank. You climb from Prospect to Master Deal Architect, and your standing follows you across every game and tournament.

Read the deal. Build the firm. Top out.

Your first close is one click away

Join the operators learning to see the whole capital stack, and beat the market to the crack.