The real-estate development lifecycle

Every phase of the project, on one connected platform.

Torana Labs follows one project from the first site visit to the stabilized, income-producing asset: acquisition, underwriting, preconstruction, construction and operations. Each phase picks up exactly where the last one left off, so nothing is re-entered.

↻ When Kosha refinances or sells, the project loops back to Torana to underwrite the next chapter.

The platform

Kraya

Acquire

Take a deal from LOI to closing: deal terms, the due-diligence checklist, critical dates and the data room.

  • Sourcing pipeline, offers and deal risks
  • DD checklist, critical dates, data room
  • Closed basis handed to underwriting
What happens in this phase →

Torana

Underwrite

The living pro forma. Costs, debt, refinance and the LP/GP waterfall recalculate as you type.

  • Six asset types and a lender view
  • Multiple LPs, land contributions and promotes
  • White-label investor portal with an NDA gate
About Torana underwriting →

Neev

Developer precon

The developer’s side of preconstruction: design management, the consultant workflow, design-team bids, presales and deposits, entitlements and every condition to close the loan.

  • Design management and consultant workflow
  • Design-team bids from one link (architects, engineers, attorneys)
  • Soft-cost cash requirements by month
  • Presales, deposits, entitlements, readiness
What happens in this phase →

Nirman

GC precon

The general contractor’s workspace: estimate the job, send sub bid packages, level the bids and buy out the GMP.

  • Estimate and scope by trade
  • Sub bid packages and RFIs
  • Bid leveling and value engineering
What happens in this phase →

Setu

Build

Carry the underwritten budget through construction: budget vs. actuals, lender draws, AIA pay applications, change orders and RFIs.

  • AIA G702/G703 pay applications
  • Change orders, RFIs and daily logs
  • Retainage and lien waivers
What happens in this phase →

Kosha

Operate

Operate the stabilized asset over the hold and measure it against the original underwriting.

  • NOI vs. plan, rent roll and leasing
  • Debt covenants and capex
  • Hold, sell or refinance valuation
What happens in this phase →

How it connects

0re-keyed numbers from the first site visit to the stabilized asset

Learning Center

From a lead on a napkin to a stabilized, cash-flowing asset.

Plain-English guides to every phase of a development and how the platform handles each one, with a glossary of the terms you’ll meet along the way.

Request a demo

See the platform on one of your projects.

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

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