Edgewater West Salem

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Underwriting · Built In-House by Now City

Upside Explorer

We built a collaborative tool to help us unlock hidden value, compress timelines, and create better outcomes for complex mixed-use real estate projects.

Launch Upside Explorer
‹ Hide leversNow City Upside ExplorerNowCityAI · Hide agents ›
⚖ Levers
Program
Cost
Revenue
Operations
Capital Stack
Risk & Returns
DEALEdgewater, Phase OneSalem, Oregon · Multifamily + retailProperty & site facts ›
Scenarios
Honest floor (as-is, conventional) Base case (as underwritten) Downside (base stressed) Upside 1 - building efficiency Upside 2 - + industrialized construction Upside 3 - + revenue & placemaking Upside 4 - + public subsidy Upside 5 - + affordable / tax-credit Upside 6 - + HUD financing Upside - full regenerative stack
Honest floor, base case (as underwritten), a downside stress, then the upside stack. The math is real; every assumption is yours to interrogate.
Levered IRR
1.0%
DSCR
0.94
Equity Multiple
1.03×
Yield on Cost
5.4%
Net Profit
$1.3M
⚠ Conventional DSCR 0.94 is below the 1.20 floor.
⚠ Loan exceeds the $95M facility.
✦ Upside Agents
Run Local Agents
Run Live Agents
Anchor
⚓ Anchor · Feasibility
holds the feasibility baseline, flags drift
Composers
Program
what gets built and how it fits
Cost
what it costs to deliver
Revenue
what the market will pay
Capital Stack
debt, subsidy, tax-credit equity
The tool we built, as it opens when you launch: the live Edgewater Phase One pro forma at the honest floor, with the levers, scenarios, and agent fleet ready to work.

No tool on the market could underwrite a district the way we needed: transparently, collaboratively, and honestly enough to hand to an investor. So Now City designed and engineered its own. The Upside Explorer pairs our team’s judgment with a fleet of AI agents on one live pro forma: the math is fixed and runs the same way every time, the agents only propose assumptions, and every number traces to its source. Edgewater is underwritten in it, and the same platform will underwrite every district we build.

Try it and tell us what you think. Play with the Edgewater Phase One pro forma assumptions: change the building type, the costs, the capital stack, and watch the district answer.

Launch Upside Explorer Designed, engineered, and underwritten by Now City Labs · read the product story →