Enter your deal in the gold cells. Everything else calculates automatically and flows to all tabs.
Property & Analysis
Property Address
Date of Analysis
Purchase & Carry
Purchase Price (Land)
Financing Type
Leverage (LTC %) auto-filled
%
Interest Rate (annual) auto-filled
%
Origination Points (%) auto-filled
%
Project Length (total hold months)
mo
Closing Costs (1.95% of purchase)
Origination Points Cost
Total Amount Financed
Interest Reserve (capitalized)
Total Purchase & Carry Costs
Construction
Total SF of Home
sf
Construction Cost / SF
$/sf
Building Cost (SF $/SF)
Site Work Costs
Internal Soft Costs
Construction Months
mo
Construction Carry (interest)
Total Construction (incl. carry)
Sale & Result
Sale Price
Buyer's Agent Commission (%)
%
Listing Agent Commission ($)
Settlement Fees (0.75% of sale)
Total Sales Costs
Total Project Cost
--
Project Profit
--
Margin
--
Equity Required
--
Lender Qualification Check
Loan-to-Cost (Actual)
--
Max: --
--
Loan-to-Value (Actual)
--
Max: --
--
Debt Service Coverage
--
Min: 1.50x (typical)
--
Lender Verdict
--
Deal Health Check
--
Sponsor Fee Inputs
Acquisition Fee (%)
%
Debt Origination Fee (%)
%
Disposition Fee (%)
%
Development Fee (%)
%
Total Sponsor Fees
Capital Call & Sale Timeline
17 months
Financing Structure Mode
A-Share / B-Share Syndication: Full waterfall with A-share preferred return carved out first, then B-share (LP/GP) split through the 4-tier promote structure.
Financing Terms (editable per column)
Parameter
Cash
Institutional
Bank
Hard Money
Loan-to-Cost (LTC) %
0%
%
%
%
Interest Rate (annual)
0%
%
%
%
Points (% of loan)
0%
%
%
%
Cost & Profit by Financing Type
Line Item
Cash
Institutional
Bank
Hard Money
Loan Amount (incl. financed interest)
Land / Acquisition
Closing Costs
Loan Points Cost
Financed Interest Reserve
Construction Cost
Sales Commissions & Closing
Total Project Cost
Profit (before fees)
Margin (Profit / Sale)
Returns by Financing Type
Metric
Cash
Institutional
Bank
Hard Money
Cash-on-Cash ROI
Annualized IRR (simple)
Equity Multiple
Equity Deployed (basis for returns)
Structure Parameters (editable)
A-Share % of Total Equity
%
A-Share Annual Fixed Return
%
Mezzanine Loan Amount
Mezzanine Rate / Points / Term
%
/ % pts
/ mo
Interest is capitalized into the loan as a financed reserve -- the lender funds it. The closed-form formula resolves the circular dependency algebraically. Land portion carries the full hold; construction portion carries the build months only.
Controls all presentation tabs ^
Projected Investor IRR
--
--
--
Equity Multiple
--
Capital Contributed
--
Hold Period
The Opportunity
Acquisition
--
All-In Cost
--
Projected Sale
--
Project Profit
--
Investor (LP) Distribution Waterfall
Tier 1 -- Return of Capital
LP Capital Returned
--
Tier 2 -- 8% Preferred Return
LP Preferred Return (8% annual)
--
Tier 3 -- 15% Hurdle (50/50 Catch-Up)
LP Hurdle Catch-Up
--
Tier 4 -- Final Profit Split (30% LP / 70% GP)
LP Share of Residual Profit (30%)
--
Total LP Profit
--
Total Capital + Profit Returned
--
A-Share Investor Economics
A-Share Capital Contributed
--
Fixed Return Rate
--
Return Earned
--
Total Capital + Return
--
Investor Economics
Capital Contributed
--
Return Rate (annual)
--
Return Earned
--
Total Capital + Return
--
Key Investor Metrics
Equity Multiple
--
Internal Rate of Return (IRR)
--
Cash-on-Cash Return (period)
--
Preferred Return Rate
--
Hold Period
--
Uses of Capital
Capital Structure
Capital returned first, then preferred return, then hurdle, then profit share -- investors are protected at every tier. Projections are estimates based on inputs shown; actual results depend on construction costs, market conditions, and sale timing. Not a guarantee of returns. Consult counsel before investing.
Change anywhere -- all tabs follow ^
Sponsor Net Proceeds -- -- / --
--
Development fee plus GP promote
--
GP Promote Multiple
--
Project Margin
--
Project IRR (unlevered)
Profit Split -- This Scenario
LP / Investor Return Sponsor Fee + Promote
Sponsor Economics
Project Profit (before fees)
--
Sponsor (GP) Capital Co-Invested (10%)
--
Investor (LP) Capital Raised (90%)
--
Investor (LP) Profit Paid
--
Sponsor Revenue Breakdown
Acquisition Fee
--
Debt Origination Fee
--
Development Fee
--
Disposition Fee
--
Total Sponsor Fees
--
General Conditions (Internal Soft Costs)
--
GP Promote Decomposition (Syndication)
GP Preferred Return (8%)
--
GP Hurdle Catch-Up (50/50)
--
GP Final Split (70% of residual)
--
Total GP Promote
--
Sponsor Net (Fee + Promote + Gen. Conditions)
--
Cash-at-Closing Settlement Statement
Item
Amount
Sale Price
--
Less: Loan Payoff
--
Less: Sales Commissions & Closing
--
Less: Sponsor Fee (off top)
--
Net Proceeds to Equity
--
Less: LP Capital Return
--
Less: LP Profit Distribution
--
Less: GP Capital Return
--
GP Promote / Residual
--
Sponsor net proceeds = total sponsor fees + GP promote + general conditions (internal soft costs). The GP co-invests 10% of equity and earns fees for development execution, recovers internal soft costs, and earns a promote for generating returns above the hurdle. GP Promote Multiple = (GP capital + fees + promote + general conditions) / GP co-invest -- this reflects total compensation for work and risk, not a simple return on capital.
Distribution for the selected scenario ^
Total Project Profit
--
Sponsor Fee (off top)
--
Distributable to Equity
--
A-Share Fixed Return (Step 3A -- Paid Before LP/GP Waterfall)
A-Share Capital Contributed
--
A-Share Return Paid
--
A-Share Total Returned
--
Tier-by-Tier Distribution
Tier
Description
LP (Investor)
GP (Sponsor)
Total
Tier 1
Return of Capital
--
--
--
Tier 2
8% Preferred Return
--
--
--
Tier 3
15% Hurdle (50/50 Catch-Up)
--
--
--
Tier 4
Final Split (30% LP / 70% GP)
--
--
--
Total
Capital + Profit
--
--
--
LP Equity Multiple
--
LP IRR
--
GP Promote Multiple
--
Reconciliation Check
--
Distribution Summary
Project Profit (before fees)
--
Sponsor Fee (off the top)
--
Investor Capital
--
Investor Return Paid
--
Sponsor / Builder Take
--
The sponsor fee is paid before the profit split. Remaining distributable profit is allocated tier-by-tier per the LP/GP agreement. Reconciliation: LP profit + GP profit + fees must equal total project profit exactly.
Fill out the subject property and at least 3 comps. Everything calculates live. Use the Print button to save or share.
Subject Property
Price / Above-Grade SF--
Price / Lot SF--
Total SF (AG + BG)--
Proposed Total SF--
Comparable Sales
(0 comps)
Add 3 to 10 recent sales. Price/SF and Price/Lot SF calculate automatically.
Comp Summary vs. Subject
Avg Sale Price
Avg $/AG SF
Avg $/Lot SF
Avg AG SF
Avg Lot SF
Comps (avg)
--
--
--
--
--
Subject Property
--
--
--
--
--
Implied Value ($/AG SF x Proposed AG SF)
--
Sponsor & Entity
Project Details
Exit Strategy
This intake form is for internal deal screening only. All figures are preliminary estimates based on comparable sales data entered manually. Not a valuation or appraisal.
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