WillItSurvive
Vertical and industry software · subsidiary of Willow Wealth (rebranded from Yieldstreet; acquisition closed January 23, 2024) · United States

Cadre

cadre.com ↗

Cadre lets investors buy stakes in commercial real estate deals online.

Little protection left
Assessed 23 July 2026 · Evidence as of 23 July 2026
Not much stands between this business and its pressures.
On the recordSince 23 July 2026 · Checkable from Q2/Q3 2026 · Every call on the record Checkpoint: Mount Logan Capital's acquisition of Willow Wealth's flagship $100M+ fund expected to close
The call

Cadre's AI underwriting edge is now common software, while its parent Willow Wealth's public collapse leaves its own record unproven.

Cadre lets regular people invest in commercial real estate deals using AI software to evaluate properties faster. The AI advantage is disappearing because cheaper tools like Kolena and Archer now do the same job three times faster, and anyone can buy them. Meanwhile, Cadre's parent company Willow Wealth is losing money fast, has had lots of loans go bad, and is selling off assets, which could drag Cadre down with it even though Cadre is technically separate. The one thing that matters most is whether Willow Wealth's problems force Cadre to be sold off or shut down, or whether Cadre can prove its own real estate deals are actually making money.

Why
01
AI pressure: Kolena, Archer, Blooma AI underwriting tools. AI tools like Kolena and Blooma now underwrite CRE deals 3x faster, closing the tech gap Cadre once claimed to own. Could AI do the core job? Yes, likely.
02
Bigger players: Willow Wealth (Cadre's parent, formerly Yieldstreet). Parent Willow Wealth shows $208M in losses and a 30% default rate, scrubbed history, and dragging Cadre's name down with it. Could a giant copy it? Yes, easily.
03
What protects it. Cadre still shows $4.5B placed on its platform and keeps its own brand distinct from Willow Wealth's public troubles.
What would change this call
Publication of independently audited Cadre-specific 2022-2025 vintage default rates. Would show whether Cadre's deals differ from parent Willow Wealth's ~30% default rate.
Mount Logan Capital's acquisition of Willow Wealth's flagship fund closes (Q2/Q3 2026). Would show whether asset transfers or liabilities spill over into Cadre's fund structures.
Ryan Williams departs as Cadre CEO. Would signal wind-down or major restructuring of Cadre under parent distress.
Key numbers
  • $208M cumulative investor losses at parent Willow Wealth (2025-12)
  • $4.5B in total assets on Cadre's platform (2023-12)
  • AI underwriting tools cut analysis time 3x (2026-07)
Named risks
  • Parent Willow Wealth reputational contagion from $208M losses and scrubbed performance data. Severity: high
  • No independently audited Cadre-specific vintage performance since 2022. Severity: high
  • Core AI underwriting differentiator commoditizing via off-the-shelf tools industry-wide. Severity: medium
  • Sector-wide consolidation and redemption freezes signaling category-wide capital flight. Severity: medium
  • Parent-level asset transfers (Mount Logan deal) could disrupt Cadre fund structures. Severity: medium
Rivals, as read in July 2026
RivalDirectionEvidence
Fundriselosing toFundrise manages over $7B in assets in 2026 vs Cadre's $4.5B platform value as of Nov 2023
CrowdStreetcontestingCrowdStreet facilitated $3.16B across 629 offerings since 2014, similar accredited-investor niche
EquityMultiplegaining onEquityMultiple acquired HoneyBricks in 2025-2026 consolidation wave, expanding while Cadre stays flat
Willow Wealth (parent)losing toParent's Dec 2025 scandal and scrubbed data risk contaminating Cadre's reputation despite separate brand
AI underwriting tools (Kolena, Archer, Blooma)losing toThese commoditize Cadre's proprietary deep learning underwriting pitch as of July 2026
Questions people ask
Is Cadre owned by Yieldstreet or Willow Wealth now?
Yieldstreet agreed to acquire Cadre on November 30, 2023 and closed the deal January 23, 2024, terms undisclosed. Yieldstreet itself rebranded to Willow Wealth in October/November 2025, making Willow Wealth Cadre's current parent company. Ryan Williams remains Cadre's CEO.
Is Cadre's parent company Willow Wealth in financial trouble?
Yes. A December 2025 investigation found Willow Wealth had over $208 million in cumulative investor losses across 30 real estate deals with a roughly 30% default rate versus a 2 to 8% industry norm, and scrubbed a decade of historical performance data from its site during the rebrand.
Could AI replace Cadre's underwriting business?
Cadre's core pitch since 2017 was proprietary deep learning underwriting, but off-the-shelf AI tools like Kolena, Archer, and Blooma now do similar work, with CBRE reporting AI-assisted teams underwrite roughly 3x faster as of July 2026, commoditizing what was once Cadre's differentiator.
Is it safe to invest through Cadre right now?
Cadre has no independently audited deal performance disclosed since 2022, and its parent Willow Wealth settled a $6.2 million class action in October 2024 plus paid a $1.9 million SEC penalty in 2023, raising governance concerns that could affect investor trust in Cadre despite it operating as a separate brand.
Who are Cadre's biggest competitors?
Cadre competes with CrowdStreet ($3.16B facilitated since 2014), Fundrise (over $7B in assets in 2026 but paused redemptions October 2025), RealtyMogul, and EquityMultiple, which acquired HoneyBricks in 2025 to 2026 amid sector-wide consolidation and distress.
How much funding has Cadre raised and what is it worth?
Cadre raised roughly $133.3 million total across Series A through D from 2015 to 2023, including a $65 million Series C led by Andreessen Horowitz in June 2017 at an approximately $800 million valuation. As of the November 2023 Yieldstreet deal, Cadre had over $4.5 billion in platform asset value.
Timeline
  • 2026-03Mount Logan Capital agrees to acquire Willow Wealth's flagship $100M+ Alternative Income Fund assets
  • 2025-12Investigation reveals Willow Wealth $208M cumulative losses, 30% default rate, scrubbed performance data
  • 2025-10Parent Yieldstreet rebrands to Willow Wealth
  • 2025-05Mitchell Caplan replaces Michael Weisz as Yieldstreet/Willow Wealth CEO
  • 2024-10Willow Wealth (then Yieldstreet) settles $6.2M class action
  • 2024-01-23Yieldstreet completes acquisition of Cadre, terms undisclosed
  • 2023-12-01Yieldstreet-Cadre acquisition announced; Cadre reports over $4.5B platform asset value
  • 2023-01Willow Wealth (then Yieldstreet) pays $1.9M SEC penalty over prior investment losses
  • 2017-06-06Cadre raises $65M Series C led by Andreessen Horowitz at ~$800M valuation
Revision history
23 July 2026
First assessed. Little protection left. The text above is fixed as of this date and is not edited afterwards.
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