Financial Modeling — UnlockLand
Features/Underwrite

A full development pro-forma — without the spreadsheet.

UnlockLand turns your costs, revenues, and financing into phased cash flows and the returns that matter — IRR, equity multiple, and profit on cost — so you can underwrite a deal in minutes, not days.

Start For Free Book a Demo

The underwriting core — where your highest-and-best-use scheme becomes a numbers case.

City skyline at dusk with towers and construction cranes
Profit on cost
28.1%
Levered IRR
21.4%
Pro-Forma · Riyadh Sedra Ext (Ph 4–6) 5-yr hold · levered BALANCED
Gross dev value
$79.2M
186 units + 6,400 sf retail
Total dev cost
$61.8M
all-in, incl. finance
Profit on cost
28.1%
$17.4M profit
Levered IRR
21.4%
2.3× equity multiple
Pro-forma · line items % of cost
Revenue
Residential sales$72.4M
Retail / GLA$6.8M
Gross dev value$79.2M
Hard cost
Construction$41.2M
Site & infrastructure$2.5M
Contingency · 8%$3.6M
Soft cost
Land acquisition$6.4M
Professional fees + marketing$6.0M
Financing
Interest & loan fees$2.1M
Total dev cost$61.8M
Net cash flow · by month
Outflow during build, inflow on sales
Outflow Inflow
+$8M0-$12M
M1BuildPeak drawSalesM14
Peak equity
$24.6M
drawn at month 8
Break-even
Month 12
cumulative turns positive

Illustrative interface — change one assumption and the cash flow, returns, and break-even recalculate instantly.

Every dollar, every period, in one model

Financial Modeling assembles a complete development pro-forma from the scheme you've already built — land, hard and soft costs, revenues, and debt — and spreads it across the project timeline. No fragile formulas, no broken links, just a model that updates the moment an assumption changes.

Costs built up

Land, construction, professional fees, contingency, and finance costs roll up into a transparent budget you can drill into line by line.

Revenue modeled

Sales, rents, lease-up, and absorption are scheduled over time — for-sale, build-to-rent, or mixed-use, on one consistent basis.

Returns computed

Phased cash flows resolve into IRR, equity multiple, profit on cost, and peak equity — the metrics your committee actually asks for.

How it works

STEP {{ s.num }}

{{ s.title }}

{{ s.body }}

Sources and uses that always balance

Every dollar funded is a dollar spent. Toggle an assumption on the right and watch the split — debt, equity, and the cost they cover — rebalance to the penny.

Sources & Uses BALANCED · $68.2M
Sources$68.2M
Senior debt$42.3M
Mezzanine$9.5M
Sponsor equity$16.4M
Uses$68.2M
Land$6.4M
Hard cost$47.3M
Soft cost$12.4M
Finance cost$2.1M
Sources equal uses
Loan-to-cost 76% · blended cost of capital 7.8%
$68.2M
Assumptions
Senior LTC cap
62% of total cost
Include mezzanine
14% @ 11.5% coupon
Capitalize interest
roll up during build
Senior rate6.4%
Contingency8.0%
Sales pace14 / mo
Every edit re-runs the model — IRR now 21.4%

What goes in, what comes out

You provide
  • {{ i }}
UnlockLand returns
  • {{ o }}

Where it fits in the workflow

Financial Modeling is the engine room of underwriting. It takes the scheme from Highest & Best Use, layers on financing in the Capital Stack, and feeds the numbers you'll stress-test next.

Before
Highest & Best Use
The scheme worth modeling.
Next
Capital Stack
Layer in debt, mezz & equity.
Then
Sensitivity Analysis
Stress-test the assumptions.
Platform
See the full workflow
How underwriting connects to decisions.

Ready to compare plans? See pricing.

Model the deal. Trust the numbers.

Start free and build your first pro-forma in minutes — no credit card required.

Start For Free Talk to sales