A living, collaborative pro forma. One person owns the deal. Their partners, and a team of agents each focused on one part of it, propose moves that could make it work better: a lower cost, a rent premium, a different way to finance it. A checked engine runs the numbers, and you can always see where a change came from.
Normally a development pro forma is a static snapshot that one analyst drives alone in a spreadsheet. It rarely shows which changes actually create value, or where an assumption came from. This one is different. Change any assumption and watch the numbers move, either by hand or with an agent making the change and showing its work, always held against what the feasibility study supports.
The math is fixed and checked. The agents only suggest inputs. They never change how the deal is calculated.
The same code every run, checked number-for-number against the original underwriting model. Same inputs in, same numbers out. This is the part you can hand to a lender, with no judgment and no surprises.
A team of agents, each focused on one part of the deal. A dedicated Anchor agent holds the feasibility baseline. Composers cover program, cost, revenue, operations, and financing, and a lead coordinates them. Each proposes changes in its own area, within fixed limits, and saves the source behind each one. The engine does the arithmetic.
Begin with an honest base case, the one the Anchor ties to the feasibility study. The program, the costs, and the financing, all calibrated to real market comps.
Move the levers and watch the numbers move with you. Or hand the wheel to the agents and watch them find value, one move at a time, flagging anything that drifts from the baseline.
A full underwriting: sources and uses, returns, debt, and the program. Behind every assumption you can see its source, its confidence, and who put it there.
Acquisition tools layer a single AI reviewer over a deal you've already shaped. The Now City Upside Explorer is a development tool. It helps you find the value that makes a ground-up project work, and keep working over time, for everyone at the table.
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The math is the same checked code every run. An agent can suggest an assumption that turns out to be wrong, but it can't change how the deal is calculated, and you can always see the source behind what it suggests. That's a number you can take to a lender, not one you take on faith.
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