Ask what a development security is worth, and most systems will give you a simple answer with the detail handed off to a spreadsheet.

Elevations doesn't work like that.

Gross Development Value isn't a single top-line estimate in Elevations. It's built bottom-up, plot by plot, from the real state of every unit on site — build stage, sales stage, market value, asking price. Add a plot, revalue one, move its sales stage, and GDV recalculates from what's actually there, not from a number a valuer signed off six months before drawdown.

Sales stage is what makes that number mean something. A plot that's Reserved or Exchanged is still development stock — still part of what's backing the facility. At the point of legal completion it's no longer part of the security and drops straight out of the GDV and LTV.

That has a real consequence most systems never surface: GDV shrinks every time a plot completes, whether or not the facility balance shrinks with it. Which means loan-to-value against what's left doesn't hold steady as a development sells down — it moves, plot by plot, in real time. That's exactly the kind of number a platform should be watching, not just displaying — and Elevations goes further — notifying users if plots sell without corresponding repayments resulting in a LTV that gets too risky.

Elevations tracks a second figure the same way: 90-day value, the forced-sale estimate rather than the open-market one. It's summed across the same active plots, and removed from that total at the exact same point — the moment each plot's sale completes — exactly like GDV itself. A loan's 90-day LTV moves right alongside the main one, so lenders get both the optimistic number and the one that matters if a sale ever had to happen fast.

None of that needs a manual recalculation. Edit a plot — its value, its sales stage — and the change cascades on its own: the development's GDV and security headroom update, and every loan secured against it sees its Facility LTV — and 90-day LTV — move, live, the moment it happens.

A development finance facility's risk profile changes hugely over its lifetime. By tracking the development closely, Elevations helps lenders stay on top of their risk.