accredev is your
tech-powered fractional analyst
for commercial real estate.
Serving developers, value-add firms, & brokers.
Better underwriting.
Faster fundraising.
Stronger returns.
Contact us about our one-time offer:
FREE underwriting for TWO projects +
FREE 1-hour strategy session per project +
FREE financial model (1-month license) +
No obligation & No credit card required.
Schedule a call to access our one-time offer for TWO FREE underwritings.
We are just like an in-house analyst.
We just cost less.
Here’s what we do:
1) Underwriting
As a done-for-you service, we enter your project data in our financial model and produce the materials you need to determine feasibility, conduct due diligence, and raise capital. You also get a license to our financial model with free support and updates.
2) Fundraising Support
As a done-with-you service, we support you in your efforts to raise the right amount of capital fast. This includes generating reports to spec, attending and presenting at meetings, and offering training on our financial model to acquaint your capital partners with your projects.
3) Asset Management Support
If so desired, after you’ve raised funds, we are available to stay by your side and provide ongoing forecast updates to help you manage risk, cash, and expectations during construction or renovation.
Here’s how we do it:
1) Reporting
We can produce virtually any report you wish, either standard from our all-in-one financial model, or custom. Sources & Uses tables, Loan analyses, Projected returns, P&Ls, Cash flow statements, Asset sale analyses, Sensitivities—you name it, we can produce it.
2) Financial Modeling
Our analysts are happy to spend time over Zoom with you running dynamic scenarios to determine the best way forward on your project(s). We are also willing to train you on our financial model if you’d like to be able to run scenarios in-house.
3) Anything else you’d expect from your analyst
We’re virtual, but that doesn’t mean we don’t go to bat for you. From comps research to historical financial analysis, we are here to help you as your all-in-one analysis resource.
Click the buttons below to view a sample accredev underwriting packet.
Schedule a call to access our one-time offer for TWO FREE underwritings.
We serve developers, value-add firms, and brokers at all stages in a property’s lifecycle.
Feasibility
Due Diligence
Acquisition
Construction
Absorption
Refinancing
Operations
Disposition
We can model any product type, including mixed use.
Multifamily
Office
Industrial
Hotel
Single-family
Retail
Schedule a call to access our one-time offer for TWO FREE underwritings.
Our Process
accredev’s 3-step process is simple. See below to learn how to become a client and get your first round of analysis within a week.
Step 1
Discovery Call
Set up a 30-minute discovery call to help us determine whether we are a good fit for one another.
accredev can serve CRE investors regardless of investment strategy, product type, capital mix, or project phase, but we provide the most value to clients with several assets, as this distributes our subscription cost over many deliverables.
Step 2
Onboarding
After we’ve determined that we are a good fit, we’ll send you our payment agreement and invite you to our client portal to orient you on how to use the system to manage project documents. Don’t worry, it’s extremely straightforward.
We’ll also use this time to sign NDAs, coordinate around deadlines, learn one another’s systems and protocols, and establish mutual expectations.
Our onboarding process is easy and takes less than a week before we’re all set.
Step 3
At Your Service
Now that you’re onboarded, let’s initiate a work cycle: upload your project documents to the portal (existing financial models, operating agreements, etc.), and then submit one or more analysis requests.
For deliverables that we can produce from our existing tools, we will turn your request around in 1-5 business days (depending on your plan). For custom analysis, we will provide an estimate on the turnaround time, usually five business days or less.
Schedule a call to access our one-time offer for TWO FREE underwritings.
Frequently Asked Questions
-
accredev is your tech-powered analyst. As such, we support your operations in the manner you’d expect from an in-house analyst, but with a full suite of software and analysis tools that supercharge our efficiency and precision.
Specifically, we help with underwriting, fundraising, and asset management prior to stabilization.
We accomplish this via financial modeling, analysis, reporting, research, and data management.
We also make ourselves available for phone and/or video calls. These meetings can be used as working sessions to input new project data, run scenarios, or anything else you’d want from your analyst.
-
accredev does not offer bookkeeping, accounting, tax, or other controller-type services.
With that said, we can use your project ledger and financial statements as analytical frameworks to guide our forecasts.
We also do not offer advisory services at this time.
-
Broadly speaking, we deliver underwriting models, budgets (for fundraising), and asset management support in the form of reforecasting. A big part of each of these steps is reporting.
As far as reporting goes, accredev offers quite a long list, so let’s just start with a non-exhaustive selection of some of the most relevant ones!
Comps Analysis
Feasibility Studies
Capital S&U Budgets
Loan Payment Schedules
Financial Statement Forecasts (P&L, Balance Sheet, Cash Flow)
Project Returns Forecasts
Sensitivity Analysis
Tax Abatement Analysis
And much more…
Perhaps most important, we offer our time to collaborate with you over video calls, running scenarios and ideating with you how to best fundraise and execute your project(s).
-
FTE analysts are expensive, ranging between $80,000 and $200,000 (after taxes and benefits). Hiring is also time-consuming, and training is costly.
accredev, on the other hand, can onboard you in a week and start adding value to your operation ASAP, for about half the cost of a FTE!
We accomplish this by leveraging our powerful all-in-one financial model combined with our breadth and depth of experience.
-
(This question is specific to the Starter Plan and Pro Plan.)
Once subscribed, you're able to add as many analysis requests to your queue as you'd like, and we will deliver them one by one.
For the Starter Plan, we turn your requests around in 5 business days. This means we can produce 4 deliverables per month.
For the Pro Plan, we turn your requests around in 2 business days. This means we can produce 10 deliverables per month.
For the Executive Plan, we turn turn your requests around in 1 business day. This means we can produce 20 deliverables per month.
Most often, multiple requests can be grouped into a single work cycle, meaning we can manage multiple requests in parallel.
-
After onboarding (which takes no more than a week in most cases), we get to work ASAP.
For deliverables that can be generated from our existing suite of standard reports, accredev will deliver what you need in:
5 business days for the Per Deal offering and for the Starter Plan;
2 business days for the Pro Plan; and
1 business day for the Executive Plan
These timeframes begin at the time we receive all the information required to conduct a complete analysis.
For requests that require structural changes (new reporting features) to our toolset, we will provide a delivery estimate, as the programming requirements may be simple or extensive. Once we program the feature in our model, it will become part of the standard report set and the next time, we will do it in our standard timeframe.
-
Through 2024, you will work directly me, Stephon Smith, founder of accredev.
-
We use Dropbox to share and manage access to sensitive documentation. Dropbox has a robust set of security features which you can review here.
If you’d like to apply additional security measures, we can activate 2-factor authentication.
We are also happy to sign any NDAs to demonstrate our commitment to keeping your project information private and secure.
-
accredev uses a proprietary Excel-based financial model that we developed over thousands of hours. This is what makes us “tech-powered.” For needs that cannot be handled using our financial model's native feature set, we will create a custom widget in our model that empowers us to produce a robust analysis that will deliver the answers you require. Over time then, our model will grow to accommodate your specific needs.
-
We of course strive to deliver a fully satisfactory product on the first go-around, but if we can't, we'll continue to revise until you're 100% satisfied.
-
accredev has a “Per Deal” offering that is suited exactly for this purpose. If you have only one project that you’d like to underwrite, and you’re not interested in partnering with us past underwriting, the Per Deal product is probably for you.
-
We do not offer refunds for work produced.
-
accredev analysts are available to meet between 4 and 20 hours per month, depending on your plan. See below for details.
For our Per Deal offering (underwriting only), we will meet for up to 1 hour (max 2 meetings) after delivery to review the model and any reports generated from it.
Schedule a call to access our one-time offer for TWO FREE underwritings.
Testimonials
“We worked with Stephon on a number of assignments, including our company’s first hotel development project. His in-depth understanding of financial concepts and metrics was impactful as we were raising capital and checking our assumptions. Stephon has a high attention to detail and is practical in his approach to modeling and presenting in Excel, which gave us confidence in the numbers we presented to capital partners and lenders. I would highly recommend him for all of your financial analysis needs.”
Rob Lateiner
CEO
Virga Capital
“Stephon has worked diligently and efficiently to create the financial models that Farran uses to manage numerous projects (existing and ground up development) within a single Excel workbook. The financial model allows our company to run multiple financing scenarios for each project including equity and debt, equity waterfalls, projecting equity returns, and producing documents for our lenders and investors. The model is exceptional and Stephon’s response time to any questions is very prompt. I highly recommend Stephon to anyone seeking to create financial models or operating forecasts.”
Pat Corrick
Managing Partner
Farran Realty Partnersners
“Stephon stands out as a beacon of excellence in the realm of CRE financial analysis. His unparalleled expertise has been instrumental in supporting my projects, amassing $145M. With a deep-rooted understanding of capital management, Stephon crafted an intricate Excel model that seamlessly weaves together diverse layers of investor equity, debt, and other financial sources. But what truly sets Stephon apart is his impeccable communication skills. He ensures that every stakeholder is on the same page through clear financial model creation for investors, bankers, and GPs. In a field where precision and clarity are paramount, Stephon has brought confidence in the underlying financial metrics to my projects.”
Kiah Hochstetler
CFO
Affari Project, Development Services
We have the experience required for excellence.
15-year, 10,000+ hours Excel expert
:::
Experience w/ multi-family, single-family, hotels, retail, office, and more
:::
8+ years experience in CRE development underwriting
:::
Hundreds of project scenarios modeled
:::
14 CRE clients served (and counting!)
:::
15-year, 10,000+ hours Excel expert ::: Experience w/ multi-family, single-family, hotels, retail, office, and more ::: 8+ years experience in CRE development underwriting ::: Hundreds of project scenarios modeled ::: 14 CRE clients served (and counting!) :::
Schedule a call to access our one-time offer for TWO FREE underwritings.
Plans & Pricing
Per Deal
$1,000
Complete underwriting
Max 5-business-day turnaround
1 revision per your request
1 hour of meeting availability (max 2 meetings)
1-month license to financial model w/ free support & updates
Starter Plan
$2,000 / month
Max 5-business-day turnaround
4 deliverables per month
4 hours of meeting availability per month (max 2 per week)
1-month license to financial model w/ free support & updates (renews each month)
Pro Plan
$5,000 / month
Max 2-business-day turnaround
10 deliverables per month
10 hours of meeting availability per month (max 5 per week)
3-month access to financial model w/ free support & updates (renews each month)
Executive Plan
$10,000 / month
Max 1-business-day turnaround
20 deliverables per month
20 hours of meeting availability per month (max 10 per week)
6-month access to financial model w/ free support & updates (renews each month)