We got tired of million-euro decisions living inside fragile spreadsheets. So we built the development appraisal platform we always needed.
Development appraisal is the single most important calculation in real estate. It should not live in a spreadsheet someone emailed three versions ago.
Every developer we talked to described the same pain. Two days to build an appraisal in Excel. Another day to format the report. Then a rate change hits, and you start over.
The existing options were either legacy desktop software costing tens of thousands, or oversimplified calculators that could not model real finance structures — multi-tranche debt, phased construction, profit share waterfalls.
We knew there had to be a middle ground: institutional-grade calculations with a modern, accessible interface. So we built it.
Every formula is verified against industry-standard methodology. We calculate IRR with Newton-Raphson iteration, model monthly interest accrual, and validate every metric before display. No approximations.
No black boxes. Every calculation path is transparent. PDF reports include full breakdowns so lenders and investment committees can audit every number. If a metric shows N/A, we tell you why.
Real-time recalculation means you see impact instantly. The engine handles 24-month cash flows, multi-tranche debt, and sensitivity matrices — all computed on every keystroke. Speed and correctness, not one or the other.