Capital Stack Modeling

Capital Stack Modeling

Ready when you are

Click below to get started right away. Chat with the assistant, or fill in the form below by hand.

Capital Stack AssistantTell me about the deal and I’ll build out the stack for you
or

Defaults to the linked deal’s address once you pick one above — rename any time, or later from “My Stacks”.

Project Costs (Uses)

Total project cost is calculated automatically.

Senior Debt — Construction Loan
Permanent / Bridge Loan
Mezzanine Debt
Preferred Equity
Common Equity — GP & LP

e.g. enter 20 for a standard 80/20 LP/GP split after preferred return.

Exit Price Scenarios

Deal timeline from initial funding to exit — drives GP/LP IRR below (separate from Preferred Equity’s own hold period). Defaults to the Senior Loan term if left blank (i.e. exit right at construction completion).

The waterfall shows how proceeds are distributed to each layer at each scenario.

HUD 221(d)(4) Eligibility

≥ 20% affordable units qualifies for higher LTC (90%) and potentially better HUD rates.

Capital Stack Modeling

Let’s build your stack

Chat with the assistant, or fill in the deal details on the left by hand, to get started.

Sources & Uses

Enter project costs and sources to see the summary.

Capital Stack

Enter sources to see the capital stack breakdown.

Interest & Carry Costs

Enter debt terms to see carry cost analysis.

Waterfall — Proceeds, Equity Multiple & IRR by Exit Scenario

Enter exit prices above to see the waterfall, equity multiples, and IRR.

DSCR, LTV & Debt Yield

Enter NOI (and enable the Permanent Loan) to see DSCR / LTV / Debt Yield.

HUD 221(d)(4) Eligibility Check

Enter HUD eligibility inputs on the left.