Bridge → Perm
What stabilized NOI / value do you need to take out the bridge?
Target perm program
To take out $10,000,000 via Agency Fixed
- Required NOI
- $889,705
- Implied value @ 6.00%
- $14,828,413
- Rate @ takeout
- 5.90%
- Min DSCR / LTV
- 1.25x · 80%
NOI ramp checkpoints
| Month | % stabilized | Target NOI |
|---|---|---|
| M6 | 33% | $296,569 |
| M12 | 67% | $593,137 |
| M14 | 78% | $691,993 |
| M18 | 100% | $889,705 |
Linear ramp assumption. Confirm against your underwriting.