Spatial intelligence & underwriting

The real estate proforma,
finally alive.

Torana turns the development proforma into a living, browser-based model where costs, financing, refinance, waterfall, and returns recalculate instantly — paired with a secure, fully white-labeled investor portal.

No spreadsheets to email. No deals to leak. Just a secure link.

The problem

Nine-figure decisions still live in fragile Excel files.

Developers underwrite enormous deals in one-off spreadsheets, then share them with investors as static PDFs that leak, break, and can't be explored. Legacy tools like ARGUS are powerful but slow, and expensive.

  • Every model rebuilt from scratch, every time.
  • Investor decks that are dead the moment they're sent.
  • Sensitive data exposed to anyone with the file.
PROJECT IRREQUITY MULTIPLE
23.6% 2.55×

How it works

From assumptions to a live investor link in three steps.

1

Model the deal

Enter costs, unit mix, financing, and exit assumptions. Torana sizes the loan, capitalizes construction interest, and computes NOI, DSCR, and returns as you type.

2

Build the waterfall

Layer in pref, promote, and tiered IRR hurdles. Stress-test with a live sensitivity grid across cap rate, cost, and rent — no formulas to maintain.

3

Share, don't send

Publish a polished, white-labeled investor view behind an NDA gate. LPs explore their own position in your interactive portal.

What's inside

Everything you need to underwrite and raise.

One platform that replaces the spreadsheet chaos, and PDF leaks.

Live proforma engine

Costs, financing, refinance, amortization, and returns recalculate instantly. Editable Model view, polished Investor view.

Investor portal

A secure, shareable link — not an attachment. LPs model their own position inside your investor portal.

NDA gate

Confidentiality first. Viewers agree before they ever see a number, with your firm's terms front and center.

Tiered waterfall

Pref, promote, and multi-hurdle IRR splits with GP fees. See LP and GP returns side by side.

Sensitivity analysis

A live heat map across cap rates, costs, and rents. Answer "what if" in seconds, right in the browser.

Excel in & out

Import your existing assumptions, export a clean, branded workbook. Torana fits the way you already work.

Zero installs

Runs in any browser

10×

Faster than rebuilding a proforma from scratch

Every scenario

Waterfall, sensitivity & returns, live

Request a demo

See Torana on one of your deals.

Tell us a little about your firm and we'll set up a walkthrough — no spreadsheet required.

Prefer to reach out directly? Contact us