Price the permit risk on the loan.
- Approval likelihood and timeline for the address you’re underwriting
- Calibrated against the decisions that actually happened
- An exportable read that drops straight into the credit memo
For construction lenders, builder’s risk insurers, and PE / debt-fund underwriting teams · Per-jurisdiction confidence, deepest in Hudson + Essex
- LikelyEntitlement clearancevs. comparable approvals
- ElevatedTimeline to 90th percentileinterest-reserve exposure
- MediumParking variance requiredavg 2 hearing cycles
- LowInspection-failure tendencythis town · this trade
Every figure traces back to a public source record, and each prediction is graded against the board’s actual decision when it lands — calibration is published, not asserted.
Delay is the most expensive line item nobody prices.
An additional 60 days of approval timeline can move a deal from underwriting to default. Interest reserve burns. Contractor schedules slip. Borrowers re-trade. Today, lenders price this with a flat contingency. We give you a calibrated number.
For the address + project type, an explicit probability that the borrower clears entitlement and building approval, with a windowed timeline.
Mapped to your interest reserve assumption. If timelines slip to the 90th percentile of comparable projects, what is the financial impact?
If the project requires a parking, density, or use variance: probability of approval, expected hearing cycles, conditions likely to be imposed.
Likelihood of failed or delayed inspections in this town and this trade group. Tracks contractor history when available.
Same project across multiple towns under consideration. Compare median review days, first-pass rate, variance approval rate, recent drift.
For each risk score: the comparable cases, the source documents, the confidence, the data freshness. Defensible in committee.
Every score is graded against an outcome.
Predictions only matter if you can grade them. We grade every read against the board's actual decision when it lands, and publish the calibration where we have skill, and flag the towns where we don't. No score asks for trust it hasn't earned.
- ✓API access. Wire risk scores into your origination workflow. One request per loan; bulk endpoints for portfolio review.
- ✓Per-municipality confidence. A score from a well-modeled town comes with high confidence. A score from a thin-data town tells you so explicitly. No false precision.
- ✓Evidence chain. Every prediction returns the comparable cases, the source documents, and the per-field confidence. The audit committee can verify any claim.
- ✓Published calibration, not a promise. As decisions land we re-grade and publish how the model performs, per town, openly. Where coverage is thin we say so, rather than imply precision we don't have.
See the supply before it delivers.
Every sized construction project on the public record, filed, building, and estimated delivery, so you can see what lands near your collateral, and when. The first tool in the lender workspace, live now.
How the risk read holds up.
Approval likelihood and timeline are calibrated against the decisions that actually happened in that jurisdiction, not a generic model. Confidence is explicit per town, and thin coverage is flagged, not papered over.
Yes, the read exports in a memo-ready format, with every figure traced back to a public source record.
Yes, for underwriting at volume. Request access from the team, or start with a free read on a single address to see the output first.
A board-level read is free; an address-specific report is $49.99; API and portfolio pricing is on request.
Talk to us about API access.
Construction-loan, builder's risk, and PE underwriting teams get priority onboarding. Run a pilot against historical deals to see the calibration. Decide from there.