Capital stack
Required, committed, funded, and remaining capital are distinct concepts. All values below come from the published capital engine.
Calculated results are read-only. Edit assumptions on Equity Sources to update these values.
Project uses
Total project uses$103,783,506
Debt-eligible uses$101,000,000
Non-debt-eligible uses$2,783,506
Development cost$101,000,000
Construction interest$2,371,006
Financing fees$412,500
Required capital
Required construction debt$82,500,000
Required total equity$21,283,506
Required sponsor equity$2,128,351
Required LP equity$19,155,155
Other applicable sources$0
Committed capital
Actual lender commitment$0
Sponsor commitment$0
LP commitment$0
Total committed equity$0
Funded / invested to date
Debt funded to dateUnavailable
Sponsor invested$1,000,000
LP invested$0
Other equity invested$0
Remaining and uncommitted needs
Uncommitted debt need$82,500,000
Sponsor remaining equity need$1,128,351
LP remaining equity need$19,155,155
Sponsor uncommitted equity need$1,128,351
LP uncommitted equity need$19,155,155
Total uncommitted funding need$102,783,506
Projected construction funding
Projected construction debt$82,500,000
Projected equity funding$21,283,506
| Source | Type | Priority | Commitment | Allocation % | Status |
|---|---|---|---|---|---|
| Construction Loan | CONSTRUCTION DEBT | 1 | $0 | — | Active |
| Sponsor Equity | SPONSOR EQUITY | 2 | $0 | 10.00% | Active |
| LP Equity | LP EQUITY | 3 | $0 | 90.00% | Active |
| Permanent Loan | PERMANENT DEBT | 4 | $0 | — | Active |