Bridge-to-agency takeout test

Bridge payoff incl. exit fee ($)Stabilized NOI ($/yr)Permanent loan rate (%)Amortization (years)Min DSCR (x)Max LTV (%)Cap rate for value (%)

Stabilized value–

Max takeout loan–

Limit that binds–

Versus bridge payoff–

NOI needed to cover payoff–

Highest rate that still works–

Estimates only, not a loan quote.