DSCR = Effective Gross Income ÷ PITIA. Lenders typically require 1.10x–1.25x. No income docs needed. In refi mode, max loan = value × LTV; cash out = new loan − payoff.
Max loan = lower of (LTC × total cost) and (LTARV × ARV). Interest is estimated at ~60% avg draw (phased construction draws). Refi mode: current as-is value + remaining rehab = new loan basis.
Rate & Term: new loan ≈ existing payoff; shows payment reduction & break-even months. Cash-Out: capped at (Max LTV × Value) − Payoff. Both show post-refi DSCR.
Bridge loans are interest-only, short-term. Purchase: max loan = LTV × purchase price. Refi: max loan = LTV × current value; net proceeds = new loan − payoff − points.
Operating expense ratio applied to EGI. DSCR = NOI ÷ Annual Debt Service. Refi: new loan = value × max LTV. Net cash out = new loan − payoff − costs.
Interest estimated at ~60% avg draw (phased). Loan capped by lower of LTC and LT-ARV. Own Land mode: land value counted in cost stack but no acquisition closing costs.