Summary
Key Differences Between Lead Developer and Lead Developer+ BTR
- Lead Developer is designed for straightforward feasibility applications where properties are developed and sold entirely.
- Lead Developer+ BTR focuses on build-to-rent projects, accounting for developments retained for rental purposes.
Build-to-Rent Explained
- Involves constructing properties specifically for rental after completion.
- Useful for multifamily units, apartment complexes, or townhouses retained partly for rental and partly for sale.
Operational Features in Lead Developer+
- Includes operational costs and net operating income from retained units.
- Offers specialized tabs for operating costs and BTR units, enabling detailed financial tracking.
Feasibility and Refinancing
- Allows flexibility for projects involving selling some units and refinancing others.
- Includes a “Permanent Loan Takeout” feature to manage loans after construction.
Reports and Design
- Lead Developer+ offers additional modules for operating expenses and financial forecasting.
- Charts and reports are adjusted for build-to-rent specifics, with slight design variations.
Cash Flow Waterfall Module
- Future addition for advanced cash flow tracking, catering to complex rental projects.
Summary
Widespread Use: Lead Developer is popular in countries like New Zealand, Australia, and South Africa.
Financial Detail: The inclusion of operating expense modules and permanent loan tracking provides a granular view of profitability.
Retained Units: Tailored for scenarios where multiple units are rented, ensuring feasibility across diverse projects.