Value-add purchase and takeout

Purchase and bridge loan

Purchase price ($)Renovation budget ($)Closing costs (% of price)Bridge loan-to-cost (%)Bridge rate (%)Months until refinance

Permanent takeout

Stabilized NOI ($/yr)Takeout rate (%)Takeout min DSCR (x)Takeout max LTV (%)Cap rate for stabilized value (%)

All-in cost–

Bridge loan–

Equity at closing–

Interest carry–

Stabilized value–

Takeout loan–

Cash at the refinance–

Equity left in–

Estimates only, not a loan quote.