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Development Appraisals

Build better development appraisals with AI

From land acquisition through to final sales, Pantera combines institutional-grade appraisal modelling with AI built specifically for development teams.

Project CashflowS-curve build profileCumulative construction spend
£k / monthRolling debt £m0k55k110k165k220k0m2m4m6m1246810121416182022242628303234363840424446Project Month
Construction CostsRental IncomeFeesRolling Debt
AI in development modelling

Describe the scheme. Pantera builds the appraisal.

PromptDraft, not final

“Appraise Meridian Wharf: 84 consented units, two phases, 26-month build from Q1 2027. Senior at 65% LTC, use our contingency standard.”

Cost plan attachedHouse assumptions: DevelopmentExit: unit sales
Build logEvery step auditable and reversible
01Read the cost plan, consent and unit mixApproved
02Lay out the programme and phasingApproved
03Build the costs, hold your contingency1 flag
04Run the residual, finance and sensitivitiesQueued
Flag on step 03: the cost plan carries 3.0% contingency against your 5.0% standard. Pantera held yours and logged the difference rather than overwriting it.
From intent to model

Give the unit mix and a few parameters; Pantera lays out phasing, costs and finance for you to refine, not rebuild.

Review a whole pack

Cost plan, tender, consent and ground investigation read together, then reconciled against your appraisal line by line.

Cost & sales research

Pull local sales evidence and build costs from your own prior schemes and the web, with the source attached to every figure.

Stress the programme

Ask “what if construction slips two quarters?” and watch profit on cost, IRR and peak debt move together.

Development + investment

Build, Hold and Exit in one model. No need to switch platforms.

One consolidated cashflow for the whole project
Total project & blended investor-level returns
No need to pay for two separate platforms
One programme, one cashflow
Planning & pre-constructionm0 – m6
Constructionm6 – m26
Lettings to stabilisationm24 – m38
Stabilised hold & exitm38 – m48
m0m12m24m36m48
Project IRR
19.2%
Profit on cost
22.4%
Peak debt
£27.4m
The baseline: 6 months to start on site, a 20-month build, stabilised and sold by month 48.
Reporting & sharing

From live appraisal to client-ready in one click

Export a branded PDF report your clients and lenders can read without explanation. Or create a virtual data room with everything a third party needs.

Branded reports

Your template, your logo, generated

Appraisal summary, cost build-up, cashflow, sensitivities and assumptions, laid out in your house style and exported as a PDF. Change one input and reissue in seconds.

Your brandingPick your sectionsAlways current
HHarcourt CapitalAppraisal summary
Meridian Wharf · 84 units
GDV
£52.4m
Profit on cost
22.4%
Project IRR
19.2%
Meridian Wharf — Appraisal.pdf · generated from the live model
Virtual data room

Share the whole scheme, not an email chain

Spin up a secure, access-controlled room with the appraisal, schedules and supporting documents already in it. Invite a lender, a funder or a JV partner, set what each of them can see, and watch what they open.

Permissioned by partyAccess logRevoke any time
Meridian Wharf · Data roomLive
Appraisal summaryPDF
Cashflow & schedulesXLSX
Planning consent & cost plan2 files
3 invited · senior lender viewed twice today
Feasibility & returns

Sources & uses, waterfall and sensitivity

Retain trust in your model. Pantera produces a full sources & uses breakdown with the equity waterfall and debt tranching.

Investment-committee readyPromote & carried interest
Sources
Senior debt£38.4m
Mezzanine£8.2m
Equity£12.5m
Uses
Land£14.1m
Construction£38.6m
Finance & fees£6.4m
Equity waterfall
CapitalPref 8%Catch-upPromote 20%
Sensitivity · profit on costbuild cost × sales value
14.1%
18.0%
21.9%
25.4%
11.8%
15.6%
22.6%
23.1%
9.2%
13.1%
17.0%
20.8%

“ The assumptions, cash flows and outputs are clearly laid out, so we can quickly sense check inputs and understand what is really driving the outputs. Instead of questioning whether the model is correct, we can focus on whether we agree with the assumptions. ”

Jason Seo
Jason Seo
Investment · IGIS Europe

See it on one of your own schemes

Bring a live appraisal and we'll model it with you.