Size the permanent takeout on a stabilised project

For Developers · also Lenders & debt funds, Owner-operators & property managers

Underwrite this: refinance of [address], newly built and stabilised, from the attached T-12 and rent roll, with a [loan amount] permanent loan and a [number]-year hold. Does the income cover that debt, and what are the returns after the refinance?

You give

The address; the T-12; the rent roll; the loan amount; the hold period in years

You get

Returns, NOI, cap rate, DSCR, sensitivity and a verdict on the entry price, in the assistant Often also: memo (PDF)