1. ARGUS Developer
Real estate development feasibility and cash flow modeling
ARGUS Developer models real estate development projects from initial land acquisition through construction and lease-up. The platform combines project budgeting, debt and equity structuring, and dynamic waterfall calculations. Real estate developers and commercial investment teams use it to calculate residual land value and stress-test phasing schedules.
Pros
- Industry standard format trusted by commercial banks and institutional lenders
- Deep support for complex debt waterfalls and development financing schedules
- Tracks actual construction costs against initial feasibility estimates over time
Cons
- Steep learning curve requiring formal analyst training
- High cost profile compared to entry-level real estate spreadsheets
