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Equations
Sources Total
Use (budget) Total:
Gap/ Excess:
Basis:
Qualified Basis:
Application Fraction:
Construction Debt:
Permanent Debt:
Construction Sources Total:
Gross Income (rent):
Gross Operating Expense:
Net Operating Income:
Net Income:
Debt service Coverage Ratio:
Max Debt Service:
Unit Count:
Construction Budget:
Square Feet: SF
Allowable SF:
Non-Residential Square Feet:
Project Value:
Value Multiplier:
Space Multiplier:
Acquisition Cost:
Debt Payments:
interest Permanent Debt: Monthly Permanent Debt Interest Rate= Total cost of debt (principle and Interest) Debt Service = Loan Amount * Interest Rate / 100 / [1 - (1 + Interest Rate / 100 / 12) (-12 * Loan Term) )]
Given the above numbers, this property's debt service equation would be:
Debt Service = $1,300,000 * 3.5 / 100 / [1 - (1 + 3.5 / 100 / 12) (-12 * 30) ]
Area Median Income:
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