See Higher Returns with Northspyre

    Use this calculator to see the difference when you manage your development projects with data analytics, AI, and automation

    Tell Me About Your Project(s)

    1. Project (Number)
    2. Budget
    3. Acquisition Costs
    4. Impact on Project Outcomes
    5. Result

    Number of Active Projects


    What's your average total development budget?

    What are your average acquisition costs included in your average development budget?

    Project Expectations (Market Averages) Your Existing Process [BEFORE] Improvement with Northspyre Northspyre [AFTER] Learn how
    Buyout overruns compared to initial budget 5.00% 50% 2.50% Click here
    Cost increases due to change orders and add services 5.00% 30% 3.50% Click here
    Schedule overruns compared to initial baseline 25.00% 25% 18.75% Click here
    Project staffing and overhead savings 0.00% 30% 30.00% Click here
     

    Project (Number)

     

    Budget

     

    Acquisition Costs

     

    Value + Savings with Northspyre

     

    ROI

     

    Projected Overruns/Savings

    Tell me about what you expect to happen on this project? Your Existing Process Improvement with Northspyre Northspyre Link
    Average buyout overruns compared to initial budget 5%% 5%% 2.5%% Info
    Average cost increases due to change orders and add services 5%0 30%% 3.5%% Info
    Average schedule overruns compared to initial baseline 25%% 25%% 18.75%% Info
    Project staffing and overhead savings 0%% 30%% 30%% Info

    Project Assumptions

    Number of Active Projects
     
    What's your total development budget?
     
    What are your acquisition costs included in the development budget?
     
    What is your estimated project duration from acquisition to stabilization? (Months)
    36
    What is your estimated project duration for predevelopment (before construction financing)?
    15
    What is your target Loan to Value ratio?
    70%
    What is the interest rate on your construction note?
    8%
    What is the current tax appraised property value of your site?
     
    What are your state and local property tax rates?
    2%
    What % contingency are you currently holding?
    10%
    How many full time employees (FTE equivalent) will you have devoted to this project?
    2
    What is your average annual employee cost including burden?
    $100,000.00
    What is your development fee?
    2%
    What % or your budget is already committed in the form of contracts and proposals?
    10%
    Market Average general conditions costs?
    7.50%

    ROI With Northspyre

    Northspyre Impact Details
    Existing Process
    Northspyre
    Budget Overruns due to Remaining Buyout
     
     
    Fully committed budget less Acquisition less Contingency less Interest Reserve
     
     
    Additional projected costs from change orders and additional services?
     
     
    Additional length to project from schedule overruns?
     
     
    Additional Interest Reserve Cost?
     
     
    Additional Property Taxes
     
     
    Additional General Conditions and Project Overhead Costs?
     
     
    Additional Overhead Costs of Owner Employees due to Project Schedule Extension
     
     
    Total Project Cost Overruns
     
     
    Total Contingency
     
     
    Total Project Cost Overruns Less Contingency
     
     
    Forecasted Project Cost Including Overhead and Staffing
     
     

    Summary Calculations

    Total Development Costs less Acquisition
     
    Construction Mortgage Principal
     
    Interest Reserve
     
    Property Taxes
     
    Office Overhead Costs
     
    Project Contingency
     
    Total Development Fee
     
    Total Development Costs less Acquisition less Contingency less Interest Reserve less Property Taxes less Development Fee
     

    Results that Put You Ahead of the Competition

     

    Save up to

    6%

    on project costs

    reduce overruns by

    4

    months in your schedule

    Gain

    6X

    ROI on your first project

    Eliminate

    80%

    of admin tasks

    Resources

    Enhance Your Project Delivery

    CRE Productivity Pales in Comparison to Finance Whitepaper (1)

    Three Ways Tech-savvy Real Estate Development Firms Have Met Capital Needs During COVID-19

    Northsypre Ebook How to Cut Development Costs-01 (2)

    WHITEPAPER 

    Why CRE Productivity Pales in Comparison to Finance and Manufacturing

    WHITEPAPER

    How Tech-Savvy Real Estate Development Firms Have Met Capital Needs During COVID-19

    EBOOK

    How to Cut Development Costs by 2-6% in Less than 12 Months While Increasing Returns and Development Fees


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