Connect Pre‑Close to Completion with Real Estate Development Software

Every real estate project starts with a plan. Whether the project is a ground-up build, a redevelopment, or a multifamily community, owner-developer teams rely on detailed models and pre-close assumptions to shape capital decisions. But too often, those assumptions get lost once the project moves into execution. Budgets are re-entered, funding structures are misaligned, and critical context disappears.

A widely cited McKinsey study highlights the scale of the problem: large construction projects typically take 20% longer to finish than scheduled and run up to 80% over budget. Cost blowouts are a common challenge in real estate development, especially on large-scale projects. They’re often driven by poor planning handoffs, disconnected systems, and reactive workflows that can’t keep pace with the realities of execution. A core driver behind these overruns? Disconnected planning. McKinsey notes that “project planning remains uncoordinated between the office and the field,” and that reliance on manual processes means “owners and contractors often work from different versions of reality.”

That disconnect can create real cost. When pre-construction planning lives in one system and active project data lives in another, teams lose time reconciling numbers, funding slows down, and reporting becomes unreliable. Instead of tracking progress against the original plan, teams are stuck rebuilding it.

Purpose-built real estate development software solves this problem. By carrying forward your initial data, from budgets and cost codes to funding logic and stakeholder roles, this software turns planning into execution-ready workflows. It also gives teams the visibility and structure they need to move faster, make smarter decisions, and stay aligned from start to finish.

This article explores how development teams can connect pre-close planning to post-close performance. With the right tools in place, you can manage the full project lifecycle without losing time, clarity, or momentum.

How Pre‑Close Assumptions Shape Project Performance

Every real estate development project starts with a model, but too often, that model disappears the moment the deal goes live. Early-stage project planning decisions define the financial DNA of a development. If those inputs aren’t structured for continuity, execution becomes fragmented and harder to control, especially across complex development projects with multiple stakeholders.

Here’s how that breakdown happens:

• Budget assumptions influence every draw, change order, and cost discussion. Accurate budgeting and expense tracking are essential to avoid cost overruns in real estate development. When initial inputs aren’t integrated into execution systems, teams lose visibility into budget-to-actuals and rely on outdated spreadsheets or manual data entry. The result is reactive project management instead of informed financial control.
• Capital structure dictates how funds move and when reserves are available. If timing for interest carry or equity injections isn’t mapped correctly from the start, staying aligned with pro forma expectations becomes a challenge for real estate developers managing large or ongoing projects.
• Data setup during pre-close (like cost codes, line items, and stakeholder roles) drives how clearly (or painfully) you can track project health and generate reliable reports throughout the development lifecycle.

When these assumptions don’t carry forward, teams waste time rebuilding data, reconciling discrepancies, and chasing alignment, ultimately increasing risk and slowing down execution.

Pre-Construction Planning That Drives Real Results

For owner-developers, pre-construction is the launchpad for execution performance. When approached strategically, it sets the pace for everything that follows: funding precision, scope control, team coordination, and faster stabilization.

To get real results from the start, leading development teams now focus on the following:

• Modeling capital structures with execution in mind: building draw logic, equity timing, and reserve requirements directly into usable systems.
• Creating standardized cost frameworks: aligning line items and codes with downstream reporting needs, from lender inspections to portfolio tracking.
• Establishing clear stakeholder roles: defining who owns financial approvals, budget adjustments, and change orders before the shovel hits the dirt.

By digitalizing and structuring these inputs for seamless handoff, developers reduce rework and create the foundation for smarter, faster execution.

What Execution Looks Like When Pre‑Close Data Stays Connected

When early assumptions stay intact across the lifecycle, execution moves faster with greater confidence, coordination, and control.

• Draw schedules align with capital strategy: funding timelines reflect the original deal structure, so capital is released according to plan, not delayed by rework or manual validation.
• Cost variances are caught before they snowball: deviations from scope or budget show up early, giving development and finance teams time to adjust forecasts and preserve returns.
• Field updates translate into financial clarity: progress data flows directly into budget tracking and forecasting tools, helping teams monitor interest carry, burn rates, and capital pacing in real time.
• Stakeholders share one version of the truth: real estate development software centralizes project stakeholders, data, and processes in an integrated platform. When pre-close inputs carry forward into execution, everyone from development teams to finance leads to equity partners works from the same dataset. That shared visibility reduces confusion, speeds up decisions, and ensures progress is tracked against the original model.
• Real-time collaboration drives faster, better decisions: When teams have shared access to current data, there’s less room for error or delay. Real-time collaboration minimizes lost information and improves decision-making across all phases, from pre-close planning through final stabilization.
• Closeout becomes a milestone, not a scramble: from day one, workflows are structured to support compliance, audit readiness, and final funding events, making stabilization more efficient and predictable.

Mitigate Risks Through Structured Development Management

Turning pre‑close planning into execution-ready workflows doesn’t happen by accident. It takes a system designed to carry forward the right data and surface it at the right moments, so teams can stay aligned, move faster, and operate with confidence from day one through stabilization.

Built does exactly that. Here’s how.

1. Budget and capital structure import tools

Built makes it easy to bring your development model into the system from the start. Budgets, line items, and funding sources flow directly into active workflows, eliminating manual entry and preserving the logic that shaped the deal.

2. Draw logic mapped to funding strategy

Draw schedules aren’t built from scratch; they’re generated from your original capital plan. That means funding aligns with equity and debt timing, reserves are tracked accurately, and everyone understands where capital is supposed to go and when.

3. Role-based workflows and approvals

Whether you’re managing commitments, monitoring scope changes, or reviewing cost updates, Built lets all stakeholders work within one shared platform, each with access to the specific data and controls they need.

Real-time notifications, automated workflows, and threaded communication minimize bottlenecks and boost accountability across teams, helping projects move faster without compromising control.

4. Real-time dashboards and reporting

Built centralizes visibility across the entire project lifecycle. You can monitor budget-to-actuals, draw status, and capital pacing in real time, giving everyone involved one version of the truth.

Timely and accurate data insights empower stakeholders to make informed decisions and strategic plans, while advanced analytics tools surface deeper performance trends to guide long-term portfolio strategy.

5. Built-in audit trails and compliance readiness

Every action in Built is logged, timestamped, and reportable. That means fewer handoffs, less backtracking, and smoother closeout workflows when it’s time to finalize the project and release final funds.

Automated workflows minimize bottlenecks and boost accountability across teams, giving stakeholders confidence in both process and documentation.

From Planning to Performance — Without Losing the Thread

Disconnected systems and siloed handoffs slow down returns. When teams have to rebuild budgets, revalidate capital structures, or chase down updates, time is lost and risk grows.

But with the right system in place, pre‑construction planning sets a project up to perform. From budget setup to capital pacing to draw execution, Built helps owner–developers stay aligned with their strategy and ahead of problems at every stage.

Execution is no longer about reacting. It’s about visibility, continuity, and control, all in one place.

Ready to turn planning into performance?

Explore how Built connects your full project lifecycle — from pre‑close to stabilization.

Real Estate Development Software FAQs

What makes real estate development software different from generic project management tools?

Unlike generic tools, real estate development software is built specifically for the development lifecycle- from pre-construction planning through project delivery. It supports key workflows like draw management, capital tracking, cost control, and real-time collaboration across development teams and stakeholders.

Purpose-built platforms reduce manual data entry, eliminate data silos, and improve visibility across even the most complex development projects.

Can real estate development software help with pre-development and investment planning?

Yes. Leading platforms include financial modeling and scenario planning features that allow property developers to evaluate project viability, compare investment strategies, and identify cost saving opportunities before breaking ground.

These tools support more informed, data-driven decisions and reduce risk across ongoing projects.

How does real estate development software improve project execution?

By linking planning data with real-time project health metrics, these tools give developers the visibility they need to keep project timelines on track. Automated milestone tracking, task dependencies, and integrated audit trails reduce the risk of missed deadlines and budget overruns, especially for larger projects with multiple specialty contractors and evolving scopes.

Is this software helpful for medium-sized or growing development firms?

Absolutely. An easy-to-use platform with role-based permissions, pre-built templates, and a mobile app simplifies adoption for small teams while scaling to support more projects and complex construction projects as your portfolio grows.

How does it support better collaboration across real estate development teams?

Modern tools centralize document management, enable real-time collaboration, and support instant access for relevant team members, from project managers and asset managers to general contractors and external partners. This boosts operational efficiencies, strengthens risk management, and improves project outcomes.

Written by Mark Murphy

Mark Murphy leads OGC Sales at Built, where he is responsible for accelerating adoption of payments and standalone solutions purpose-built for real estate owners, developers, and general contractors. He brings deep experience across sales, general management, and operations in technology-driven businesses.

Prior to joining Built, Mark served as General Manager at Apex Service Partners and Operating Executive at Alpine Investors. He also spent over six years at Flexport, where he held multiple leadership roles including General Manager for the South and Northeast regions, and Director & Acting General Manager for San Francisco and Northern California. Earlier in his career, Mark was Chief Operating Officer at Oolong, an INC 500-recognized international trading business​.

Mark holds a degree in Mechanical Engineering from Stanford University, where he captained the Varsity Men’s Rowing team​.