A Northspyre alternative for real estate development management
Rabbet Development gives your team a current view of every project's budget, anticipated cost reports, cash flow forecasting, capital stack management, and portfolio visibility, with transparent pricing based on active projects, not project size.
Choosing real estate development management software
Rabbet Development manages the full financial life of a development project, from feasibility budgets through closeout. Budgets, commitments, forecasts, capital stacks, and draws all run on the same live data, so your team sees where every project is headed, from final cost to future funding needs, not just what has already been spent.
Northspyre describes itself as a development management platform built for developers. Its site also lists bid management, a verified vendor repository, and deal pipeline management. Teams whose process centers on competitive bidding or early deal sourcing should weigh those capabilities.
Why owners and developers choose Rabbet Development
Live budgets with commitment and contingency tracking
Work from numbers that are current the moment a cost is approved, with budgets built from your actual project documents in Rabbet Development that update as contracts, change orders, and invoices come in.
Every invoice is coded to its budget line as it arrives, so job costing by cost code stays current. Commitments, contingency, and line item history stand behind every number, and every budget adjustment is recorded with a full audit trail.
Anticipated cost reports that forecast cost to complete
Know where every project will finish before costs are final, with an anticipated cost report in Rabbet Development built from live commitments, pending change orders, and exposures.
Development managers get one source of truth for where every budget line will finish, so decisions on change orders, contingency, and funding are made on current numbers instead of last month's spreadsheet. The report updates as new costs come in, and leadership and partners see the same cost-to-complete forecast your team is working from.
Cash flow forecasting that updates as actuals land
See monthly cash needs through completion before they arrive, with cash flow forecasting in Rabbet Development using S-curve, linear, or manual models.
Projections re-forecast automatically as invoices post and schedules shift, so capital timing always reflects the current plan.
Capital stack and funding source management
Know when each funding source will be needed and how much remains, with capital stack management in Rabbet Development covering debt, equity, LIHTC, and other complex structures.
Funding sources can be allocated automatically on each draw, capital calls are tracked by period, and every source reconciles to the budget. Portfolio capital forecasting rolls projected funding needs across all projects into one view.
Portfolio visibility across every project
Give leadership one view of portfolio health, with a portfolio dashboard in Rabbet Development that rolls up cost, schedule, funding, and exposure across every project.
Leadership gets alerted to milestone slips and sees budget changes as they happen. Self-serve reports answer cross-project questions without waiting on a data request.
Pre-development tracked in the same system as construction
Start construction with the full history of the deal already in place, because Rabbet Development tracks feasibility budgets, entitlement milestones, and pre-development spend in the system that will run construction.
Site selection, feasibility, entitlements, and permitting sit on the project timeline with automated alerts. When the deal closes, the feasibility budget becomes the construction budget with its history intact, and pre-development projects are always free.
One email address for all document intake
Vendors never have to learn a new address when your team changes, because every project document reaches Rabbet Development through one company email address. Auto-forward from AP or have vendors on every project send to one company email address, with no vendor login required.
AI reads, classifies, codes, and routes each invoice, pay application, lien waiver, and change order to the right project and draw, and your team confirms with one click. Technology handles the sorting, your team makes the calls, and no one outside your company decides how a $50 million project gets coded.
Vendor management across your portfolio
See your full relationship with every vendor in one place, with vendor records in Rabbet Development that show each project and document a vendor is involved in.
Contracts, change orders, and invoices tie to each vendor's agreements, so your team sees what has been spent and what remains before approving the next invoice.
Draw packages built from your live budget
Get funded faster without assembling draws by hand, with draw packages in Rabbet Development built from the same budget and cost-to-complete forecast your team already manages.
Cover sheets, draw summaries, invoice summaries, and supporting documents assemble into a lender-ready package you can save as a template. Developers using Rabbet Development get funded 6 days faster.*
*State of Construction Finance 2025
Pricing based on active projects, not project size
Know what you will pay before you talk to sales, with Rabbet Development pricing based on active projects, where a project counts only once hard costs are present. Pricing is published on our website, with a calculator that estimates cost from your own project schedule.
Pre-development is on us, and new features are released into existing plans, never sold as add-ons. Northspyre prices based on project size, new features are frequently available only as add-ons at extra cost, and its pricing sits behind multiple sales calls.
Teams switching from Northspyre save 40% on a like-for-like scope, or we pay you $4,000 (see offer details).
In summary, Rabbet Development includes live budgets with job costing, change order tracking, anticipated cost reports, cash flow forecasting, capital stack management including complex stacks, a portfolio dashboard, pre-development tracking, vendor records, and draw packages. Documents arrive through one company email address, and AI reads, codes, and routes them for your team to approve. Pricing is published, based on active projects with hard costs present, and releases new features into existing plans rather than as add-ons. Rabbet Development offers accounting and AP integrations and a read-only MCP connector.
Northspyre covers live budgets, change order tracking, anticipated cost reports, cash flow forecasting, pre-development, pipeline management, vendor records, bid management, and draw management. Complex capital stacks and Portfolio Analytics Plus are paid add-ons. Its Data Inbox syncs with individual email inboxes and uses AI extraction, with an unclear review method. Northspyre prices based on project size, sells new features mostly as add-ons, and shares pricing only through sales calls. It offers accounting and AP integrations and does not list an MCP connector.
It’s about getting ahead of costs before they become overruns."
